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Coronavirus: Govt may allow up to 6-month suspension on GST for worst-hit sectors, says report
The government is planning to announce a GST relief package for sectors worst-hit by the Covid-19 pandemic including the likes of...
CA Jainendra K Jain
Apr 27, 20202 min read
Government mulls lower GST for real estate sector to soothe Covid-19 pain
India is considering a goods and services tax (GST) relief package to counter the impact of Covid-19 and help prop up the economy, said...
CA Jainendra K Jain
Apr 27, 20202 min read
Concept of Reverse Corporate Insolvency Process.
The National Company Law Appellate Tribunal (‘NCLAT’) recently in the matter of Flat Buyers Association Winter Hills – 77, Gurgaon v....
CA Jainendra K Jain
Apr 26, 20204 min read
Vivad Se Vishwas scheme not applicable where the prosecution has started, says CBDT
The Central Board Direct Tax (CBDT) clarified that a taxpayer is not eligible for Vivad se Vishwas Scheme if their direct tax litigation...
CA Jainendra K Jain
Apr 24, 20202 min read
Coronavirus pandemic | Cabinet clears relief from insolvency for six months
The Union Cabinet has cleared a proposal from the Corporate Affairs Ministry to give companies relief from insolvency for the next six...
CA Jainendra K Jain
Apr 23, 20202 min read
SEBI proposes easier fundraising norms for stressed companies
To ease fundraising for stressed companies, markets regulator Sebi on Wednesday proposed easier pricing guidelines under the preferential...
CA Jainendra K Jain
Apr 23, 20203 min read
NCLAT directs NBCC to implement Jaypee resolution plan till further orders
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed NBCC India to implement the approved ‘resolution...
CA Jainendra K Jain
Apr 23, 20201 min read
CBIC enables Form PMT-09 for Shifting Wrongly Paid Input Tax Credit
The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the Form PMT-09 for shifting the wrongly paid the Input Tax Credit (...
CA Jainendra K Jain
Apr 21, 20201 min read
The Next Wave: Individual Insolvency In The Insolvency & Bankruptcy Code
The second most crucial reform in India's legal framework is the Insolvency and Bankruptcy Code. This is because the IBC not only makes...
CA Jainendra K Jain
Apr 21, 20206 min read
Claim over Rs 2.5 lakh tax deduction? Don’t opt for new income tax regime
Employers have started rolling out investment declaration forms and are asking employees to indicate their choice of tax regime. This...
CA Jainendra K Jain
Apr 21, 20202 min read
Investments via Hong Kong under a cloud, PE funds in a scramble
Mumbai: Foreign private equity funds with Chinese and other investors based in Hong Kong and with ties to China are scrambling to...
CA Jainendra K Jain
Apr 21, 20203 min read
Mandatory Registration For Corporates On Trade Receivables E-Discounting System (TREDS) Platform
Trade Receivables Discounting System (TReDs) is a Reserve Bank of India initiative to ensure timely payments to the suppliers (MSME...
CA Jainendra K Jain
Apr 9, 20203 min read
Can Adjudicating Authority Go Into The Merits Of A Resolution Plan
Insolvency and Bankruptcy Code, 2016 was enacted with the objective of maximization of value of assets, to promote entrepreneurship,...
CA Jainendra K Jain
Mar 24, 20206 min read
No Provision in IBC mandating that Resolution Plan Should Match Liquidation Value
No provision in Insolvency and Bankruptcy Code, 2016 or Regulations has been brought to our notice under which the bid of any Resolution...
CA Jainendra K Jain
Mar 22, 202032 min read
India: Role Of Liquidator vs. RP In Insolvency Proceedings
There are hundreds of cases that have been filed and closed under Insolvency and Bankruptcy Code, 2016 ("IBC") or are being battled out....
CA Jainendra K Jain
Mar 19, 20207 min read
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