CBDT allows manual filing of Form for non-deduction or lower deduction of TDS to Resident Applicants to file Manual Application in Form No. 13 before the TDS officer or in ASK Centers till 31.12.2018.
GST Council has agreed that IT and ITeS companies would now be able to avail refunds on taxes paid on inputs used in servicing global contracts jointly with their foreign outfits.
GST Council is likely to consider lowering GST on under-construction flats and houses to 5 per cent in its meeting next month, an official said.
GST Intelligence (DGGI) has busted a racket of fraudulent companies engaged in raising fake tax invoices worth Rs 2.2 billion to avail input-tax credit at Chennai and Coimbatore in Tamil Nadu.
MCA In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), the Central Government hereby delegates to the Regional Directors the powers and functions vested in it under the first proviso to clause (41) of section 2 and second proviso to sub-section (1) of section 14 of the said Act.
RBI has cancelled the registration of 1,490 non-banking financial companies (NBFCs). These included NBFCs that failed to meet prudential norms and those that voluntarily surrendered registration.Kolkata tops the list with 617 cancellations.
NCLAT : In Lalit Mishra & Ors. vs. Sharon Bio Medicine Ltd. & Ors.
It is a settled position of law that the liabilities of guarantors is co-extensive with the borrower and it was not the intention of the legislature to benefit the ‘Personal Guarantors’ by excluding exercise of legal remedies available in law by the creditors, to recover legitimate dues by enforcing the personal guarantees, which are independent contracts.
Read full case law at : https://dasgovernance.com/2018/12/25/nclat-in-lalit-mishra-ors-vs-sharon-bio-medicine-ltd-ors/