No Constitutional Violation in GST RCM u/s 17(2) and 17(3) of CGST Act on Security Services: Bombay HC [Read Order]

The Bombay High Court has dismissed a writ petition challenging the constitutional validity of Sections 17(2) and 17(3) of the Central Goods and Services Tax (CGST) Act, 2017, in the context of…

Continue ReadingNo Constitutional Violation in GST RCM u/s 17(2) and 17(3) of CGST Act on Security Services: Bombay HC [Read Order]

IGST Credit in Electronic Ledger Can Be Utilised for CGST and SGST Liabilities and Vice Versa: Kerala HC [Read Order]

In a recent ruling, the Kerala High Court held that Input Tax Credit (ITC) available in the electronic credit ledger can be used across CGST, SGST, and IGST liabilities, with IGST credit…

Continue ReadingIGST Credit in Electronic Ledger Can Be Utilised for CGST and SGST Liabilities and Vice Versa: Kerala HC [Read Order]

Delhi HC Refuses Bail to 64 Years Old Senior Citizen in PMLA Case, Holds Health Grounds Alone Cannot Justify Release [Read Order]

In a recent ruling, the Delhi High Court held that health grounds alone cannot justify bail in serious money laundering cases under the Prevention of Money Laundering Act, 2002. Arvind Dham, the…

Continue ReadingDelhi HC Refuses Bail to 64 Years Old Senior Citizen in PMLA Case, Holds Health Grounds Alone Cannot Justify Release [Read Order]

Supreme Court Slams NGO’s Counsel for Placing Fake MCA Letter on Record, Dismisses Smartworks IPO Appeal

In a recent ruling, the Supreme Court dismissed an appeal filed by New Delhi–based NGO Infrastructure Watchdog against the Securities and Exchange Board of India (SEBI) in connection with the Rs. 560-crore…

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LIC to continue as Public Shareholder during Privatization of IDBI Bank: SEBI Gives Nod Subject to Restrictions

The Securities and Exchange Board of India (SEBI) has approved the reclassification of Life Insurance Corporation of India (LIC) as a public shareholder in IDBI Bank, paving the way for…

Continue ReadingLIC to continue as Public Shareholder during Privatization of IDBI Bank: SEBI Gives Nod Subject to Restrictions

Customs Slaps ₹12cr Penalty on Two Former UAE Consulate Officials in Kerala Gold Smuggling Case, RTI Reveals

The Customs Department has levied penalties totaling ₹12 crore against two former officials of the UAE Consulate in connection with the well-known Kerala gold smuggling case in diplomatic baggage. According to information…

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Six Months Custody or Trial Delay not Sufficient Ground for Bail in Economic Offences under PMLA: Jharkhand HC [Read Order]

In a recent ruling, the Jharkhand High Court held that six months of custody or delay in trial is not by itself a sufficient ground to grant bail in cases…

Continue ReadingSix Months Custody or Trial Delay not Sufficient Ground for Bail in Economic Offences under PMLA: Jharkhand HC [Read Order]

Understanding GST ITC Mismatch During Conversion from Composition Dealer to Regular Dealer [Find Draft Reply Here]

Under the Goods and Services Tax (GST) framework, taxpayers registered under the Composition Scheme often find it necessary to migrate to the Regular Scheme, either due to turnover limits being…

Continue ReadingUnderstanding GST ITC Mismatch During Conversion from Composition Dealer to Regular Dealer [Find Draft Reply Here]