Onfiling

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

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

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

 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

There have been several changes introduced in the Budget delivered by Union Finance Minister Nirmala Sitaraman on 1st February 2023. The tax slabs for the purpose of income tax has been revised under the budget. The tax on income from 0 to Rs. 03 lakh will be excluded, that is it will be charged at … Read more

The Economic Survey 2022-23 states that the Consumer price inflation in India went through three phases in 2022, it rose in April to 7.8 per cent then went to a holding phase at around 07 per cent in August and then declined to around 5.7 per cent by December. It notes that the Wholesale Price Inflation … Read more

Indian finance minister Nirmala Sitharaman on 31st January 2023 tabled the Economic Survey of 2022-23 in Parliament. She laid the document in the Lok Sabha after the conclusion of The President of India Droupadi Murmu’s address to both Houses of Parliament. The GDP growth is seen at 6-6.8 per cent, lowest in three years on the … Read more

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

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

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