Taxmen to give ‘reasonable time’ to business to explain reasons for mismatch in GSTR-1, 3B before recovery action – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/taxmen-to-give-reasonable-time-to-business-to-explain-reasons-for-mismatch-in-gstr-1-3b-before-recovery-action/articleshow/88788964.cmsSynopsis As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant

The creator of bitcoin remains mysterious for a reason – unhooding him could bring them crashing down – The Economic Times

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/the-creator-of-bitcoin-remains-mysterious-for-a-reason-unhooding-him-could-bring-them-crashing-down/articleshow/88780025.cmsSynopsis The 2021 British dark comedy directed by Tom Sands, Decrypted, is about a US National Security Agency team that kidnaps Nakamoto, and tortures

Cryptocurrency: Willing to accept stricter regulations; ambiguity impacting growth: Crypto exchanges – The Economic Times

Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/willing-to-accept-stricter-regulations-regulatory-ambiguity-impacting-growth-crypto-exchanges-tell-government/articleshow/88769319.cmsSynopsis In most cases, the industry wants the government to regulate cryptocurrency exchanges rather than regulating the crypto asset per se, said a lawyer

Bank not a trustee of money deposited by Customers; Supreme Court holds the relationship between customer and Bank is one of a creditor and a debtor and not of a trustee | SCC Blog–scconline.com

Clipped from: https://www.scconline.com/blog/post/2021/12/22/bank-not-a-trustee-of-money-deposited-by-customers-supreme-court-holds-the-relationship-between-customer-and-bank-is-one-of-a-creditor-and-a-debtor-and-not-of-a-trustee/ Supreme Court: The 3-Judge Bench of N.V. Ramana, CJ., Surya Kant* and Hima Kohli, JJ., held that the Bank is not the trustee of the money

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