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 …

No interference with order passed after considering replies filed by the petitioner and after providing an opportunity of personal hearing – High Court In a recent judgment, Hon’ble Madras High Court has held that since the impugned order was passed after due consideration of the replies filed by …

Goods transported subsequently to cancellation of GST registration was a sham transaction even though goods were accompanied by tax invoice and e-way bill. In a recent judgment, the Hon’ble Allahabad High Court has held when the GST registration of the dealer stood cancelled by the Department, goods transported …

Bid invited for engagement of Chartered Accountant at ESIC Hospital, Ankleshwar, Gujarat. Medical Superintendent, E.S.I.C Hospital Ankleshwar invites bids through GeM for hiring of Chartered Accountant at ESIC Hospital Ankleshwar for a period of one Year and extendable for another one year on same terms and conditions and …

Karnataka State Cooperative Apex Bank invites application for empanelment as Concurrent Auditors. The Karnataka State Cooperative Apex Bank Limited invites application from Chartered Accountant firms for empanelment as Concurrent Auditors. The application for the empanelment as Concurrent Auditor should be made in prescribed format. No last date for …

CBDT widens the TCS net on sale of ten high priced goods of the value exceeding ten lakh rupees w.e.f. 22.04.2025 Section Section 206C of the Income Tax Act, 1961, pertains to the Tax Collected at Source (TCS). It mandates certain sellers to collect tax from buyers at …