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Abcaus

SEBI warns Mr. Saravana

SEBI warns Mr. Saravana R an unregistered investment advisor at Cosmofeed

administrator April 25, 2025 SEBI
SEBI warns Mr. Saravana R an unregistered investment advisor at Cosmofeed platform The Securities and Exchange Board of India (SEBI) issued a warning to Saravana R, Bengaluru associated with Cosmofeed, due to his involvement in providing unauthorized investment advice through social media platforms Cosmofeed is an all-in-one platform …
Procedures Air Cargo Movement

CBIC Simplifies procedures related to Air Cargo Movement & Transhipment

administrator April 25, 2025 Excise/Custom
Simplification of procedures related to Air Cargo Movement & Transhipment. Harmonise procedure for movement of Unit Load Devices (ULD) outside Customs Area for of high-value or perishable nature of goods in import/export A need was felt for facilitating upgradation of infrastructure and warehousing for air cargo including high …

The Goods and Services Tax Appellate Tribunal (Procedure) Rules 2025 notified

administrator April 25, 2025 GST
The Goods and Services Tax Appellate Tribunal (Procedure) Rules 2025, notified The Goods and Services Tax Appellate Tribunal (Procedure) (GSTAT) Rules, 2025, notified by the Central Government on April 24, 2025, via notification no. G.S.R. 256(E), outline the procedural framework for the functioning of the Goods and Services …
Income Tax FAQs

CBDT enlarges section 37 to exclude expenses to settle proceedings under four laws

administrator April 25, 2025 Income Tax
CBDT enlarges the scope of section 37, to exclude expenditure incurred to settle proceedings under four laws out of business expenditure CBDT has issued notification enlarging the scope of section 37, to exclude from the definition of business expenditure, any expenditure incurred to settle proceedings under four laws …
Supply club members GST

Supply of service by a club or association to its members not taxable under GST

administrator April 24, 2025 GST, High Courts
Supply of service by a club or association to its members is not a taxable service for the purposes of GST. In a recent judgment, Hon’ble Kerala High Court has held that supply of service by a club or association to its members is not a taxable service …
RBI

RBI caps maximum compounding fee at Rs. 2 Lakhs for certain FEMA Contraventions

administrator April 24, 2025 RBI
RBI caps maximum compounding amount at Rs. 2,00,000/- for compounding of certain contraventions under FEMA, 1999 in exceptional circumstances/ facts involved. RBI Master Directions on compounding of contraventions under FEMA, 1999, dated April 22, 2025 provides that as per provisions under section 13 of FEMA,1999, the penalty amount can be …

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