Reimbursement of Expenses incurred by Employees deputed from Foreign falls under “Manpower Recruitment and Supply”: CESTAT Bangalore

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore on 03rd February adjudicated matter compiling several petitions between M/s Dell International Services and Revenue Department.   The appellant is a subsidiary of Dell International LLC. And Dell India Private Limited is a company incorporated under the Companies Act, 1956 with its registered office in … Read more

There Cannot be Two Simultaneous CIRP Proceedings; NCLAT Ahmedabad

The National Company Law Tribunal (NCLAT) Ahmedabad, held in a matter between Vrundavan Residency Pvt Ltd. and Mars Remedies Pvt Ltd. that there cannot be simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings against the same corporate debtor. The applicant, M/s Vrundavan Residency Pvt Ltd. had filed an insolvency petition under the Section 7 of the … Read more

First Employment Working Group Meeting of G20 is being held at Jodhpur

Under India’s G20 Presidency, the First Employment Working Group meeting is being organized in Jodhpur from 02nd to 04th February 2023. The Ministry of Labour and Employment is leading the discussions for the Employment Working Group (EWG) which will be addressing priority labour, employment and social issues. The meeting was attended by Delegates from the G20 … Read more

Budget 2023: Amendments on Indirect Taxes

 01.      Raise the minimum threshold of tax amount for launching prosecution under GST from one crore to Rs. 02 crore; 02.       Reduce the compounding amount from the present range of 50 per cent to 150 per cent of tax amount to the range of 25 per cent to 100 per cent; 03.       Restrict filing of returns/statements to a maximum period … Read more

G-20 International Financial Architecture Working Group Meeting held in Chandigarh

The first International Financial Architecture Working Group meeting of G-20 under the chairmanship of India is held in Chandigarh on 30th and 31st January. The meeting is inaugurated by the Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar and Food Processing Industries Minister Shri Pashupati Kumar Paras. This meeting is attended by around … Read more

Centre Constituted Three Grievance Appellate Committees

The Centre based on recent amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 [IT Rules 2021] notified establishment of three Grievance Appellate Committees (GAC) on 28th January 2023.  As per the notification, the three Grievance Appellate Committees are constituted with three members each. The GAC will be a virtual … Read more

No application for withdrawal can be entertained after approval of resolution plan by CoC; NCLAT Delhi

The National Company Law Appellate Tribunal (NCLAT), in a matter between Hem Singh Bharana and M/s Pawan Doot Estate Private Limited held that once the Committee of Creditors has approved a resolution plan thereafter no withdrawal application under Section 12 A of Insolvency and Bureaucracy Code (IBC) can be entertained. The authority said that there … Read more