Clipped from: https://indianexpress.com/article/business/mumbai-sme-director-arrested-input-tax-credit-fraud-7713595/ CGST officials have arrested Omnipotent Industries Ltd director Punit Popat and Siddhanath Mishra, the proprietor of Shree Bitumax Trading. They have been remanded
Businesses to be given ‘reasonable time’ to explain mismatch in GSTR-1, 3B | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/businesses-to-be-given-reasonable-time-to-explain-mismatch-in-gstr-1-3b-122010900301_1.html Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax
Mandatory pre-litigation mediation needs lot of ground work before rollout – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/mandatory-pre-litigation-mediation-needs-lot-of-ground-work-before-rollout/article38204536.ece The question that looms large in the Indian context is whether India is ready for mandatory mediation as a pre-litigation tool. – Getty
Optimism and reality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/optimism-and-reality/article38205793.ece The NSO’s advance estimates have factored in faster growth in H2, which looks difficult amid a third wave The National Statistics Office’s First
Optimism and reality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/optimism-and-reality/article38205793.ece The NSO’s advance estimates have factored in faster growth in H2, which looks difficult amid a third wave The National Statistics Office’s First
Economic laws don’t always hold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/economic-laws-dont-always-hold/article38205860.ece Bond yields, food inflation, credit growth and rupee value don’t seem to be guided now by the forces of demand and supply The
Below the line – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/columns/below-the-line/article38207018.ece Difficult slog overs There are multiple interest groups ranging from foreign multinationals and large domestic retailers to local traders and mom-n-pop store owners
Possible delay in filing of tax audit reports: ICAI bats for penalty waiver till March 31 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/possible-delay-in-filing-of-tax-audit-reports-icai-bats-for-penalty-waiver-till-march-31/article38207130.ece In a memorandum to the CBDT Chairperson JB Mohapatra, ICAI sought waiver of penalty and other consequences for any delay in filing of
Corporate affairs: Focus turns to ‘ease of exits’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/corporate-affairs-focus-turns-to-ease-of-exits/article38202508.ece Not seeing spurt in IBC cases during pandemic After taking giant steps in enabling ease of entry as well as ease of conducting
ETtech Opinion | A holistic approach to personal data protection – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/catalysts/ettech-opinion-a-holistic-approach-to-personal-data-protection/articleshow/88775228.cms SynopsisThe Parliamentary panel’s recommendations on the Data Protection Bill 2021 also supports the growth of an innovation & data-driven digital economy Currently, a
Kotak Mahindra Bank to take legal action against BharatPe’s Ashneer Grover in IPO financing matter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/bharatpe-founder-sent-legal-notice-to-kotak-mahindra-bank-for-missing-out-on-nykaa-ipo/articleshow/88792821.cmsSynopsis BharatPe cofounder Ashneer Grover and his wife Madhuri Grover sent a legal notice to Kotak Mahindra Bank on October 31, 2021, for failing
Worry about middle India | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/worry-about-middle-india-122010900960_1.html Middle India has not recovered from a series of shocks The Indian “K-shaped recovery” involves booming stock prices and a happy world of
Advance alert | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/advance-alert-122010900941_1.html Budget must focus on recovering the lost ground The first advance estimates of gross domestic product (GDP), released by the National Statistical Office
The inside story of RBL Bank | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-inside-story-of-rbl-bank-122010900893_1.html This is no Yes Bank. It’s not fraught with fraud. It’s a story of limitless ambition and greed for growth. The leader had
Annual tractor production crosses 1 m, exports surpass 1 lakh for the 1st time in 2021 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/annual-tractor-production-crosses-1-m-exports-surpass-1-lakh-for-the-1st-time-in-2021/article38204109.ece But, production & sales hit a 20-month low in December Despite hitting a 20-month low in production and domestic sales in December, the
When Tata Capital Housing misplaced documents – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/when-tata-capital-housing-misplaced-documents/article38208669.ece First it lost its customer’s documents, then it lost the case. First it lost its customer’s documents, then it lost the case. After
Amazon files new legal challenges in dispute with Future Group-sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-challenges-indias-antitrust-suspension-of-2019-future-deal-sources/articleshow/88787750.cmsSynopsis India’s antitrust agency suspended its approval of Amazon.com’s 2019 deal with Future Group last month, potentially denting the U.S. e-commerce giant’s attempts to
GSTR-3B: Interest calculator soon in GSTR-3B for delayed monthly tax payment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/interest-calculator-soon-in-gstr-3b-for-delayed-monthly-tax-payment/articleshow/88789107.cmsSynopsis As per Goods and Services Tax law, 18 per cent interest is charged for failure to pay tax liability on time, while 24
Budget 2022: Assocham pitches for permanent refinance window for NBFC sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/budget-2022-assocham-pitches-for-permanent-refinance-window-for-nbfc-sector/articleshow/88788535.cmsSynopsis The funding support to the non-banking finance companies (NBFCs) will ensure liquidity in the sector, as they play a key role in financial
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
