Page 21 - Shrimi Choudhary/workspace/business Standard Web/@shrimichoudhary

SC allows banks to go ahead with Siva Industries settlement offer

Says tribunals can't interfere with banks' commercial wisdom; promoter's offer of Rs 328 cr was okayed by CoC

Indirect tax mop-up may fall short of target: Revenue secretary Tarun Bajaj

Revenue secretary attributes it to cuts in excise and Customs duties

Fired fund managers of Axis Mutual Fund could be banned from markets

Though investigation is pending, Sebi may issue interim order

Consultation paper on digital assets may not lead to cryptocurrency policy

The government has also raised concern over complying with Financial Action Task Force (FATF) guidelines and discussed it with other countries, according to an official

GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time

National Herald case: Enforcement Director­ate summons Sonia, Rahul

Agency probing 'illegal' benefits of Rs 414 crore obtained by the Gandhi family

Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan

Govt releases Rs 86,912 cr to states, clears entire GST compensation dues

To meet the shortfall in GST compensation to states, the Centre said that it borrowed Rs 1.59 trillion in FY22 and Rs 1.1 trillion in FY21 from the market and passed them on to the states

Taking on Google, FB, Apple: CCI seeks more teeth to tackle Big Tech

The government is planning to bring changes to the existing Competition Bill 2020 to give the regulator wider powers

Centre likely to lift veil on taxing NFT as virtual digital asset

Likely to release framework ahead of first advance tax instalment

Sebi searches 16 'suspected entities' in Axis MF front-running case

Covers 30 locations across multiple cities including Maharashtra and Gujarat.

CBIC issues SOPs for recovering tax dues from insolvent companies

The CBIC said it has nominated a nodal officer to ensure filing of claims with the Insolvency and Bankruptcy Board of India (IBBI) within 90 days of the commencement of the process

Centre in talks to address legal hurdles in liquidating Devas Multimedia

Officials discussed the Companies Act and its implementation under the mutual legal assistance treaty (MLAT)

States seek legal views on Supreme Court ruling before GST Council meet

While many states want to extend the GST compensation regime beyond June 2022, the Centre's view stands that the compensation will be given to states only until that time

New audit rulebook for SPACs in offing: Govt may legalise, allow listing

The draft Bill to amend the Companies Act is expected to be ready by the second quarter of the current fiscal year

GST Council will work like it has for 5 years: Tarun Bajaj on SC verdict

Bajaj clarified that Article 279A of the Constitution allows the Council to make recommendations but nowhere has it said that Council will 'mandate'

Recommendations of GST Council binding in framing rules: Govt sources

The recommendations of the GST Council are binding in so far as they relate to subordinate legislation, as has also been reiterated by the SC in its order, sources clarified

Recommendations of GST Council not binding on the Centre, states: SC

The Supreme Court said the Parliament and state legislatures possess equal powers to legislate on GST

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

At the moment, most online gaming platforms pay 18 per cent on the commission collected by online gaming platforms for each game

Sebi receives two names for NSE top job, may ask exchange for more

Incumbent MD and CEO Vikram Limaye's term ends July 16. He took charge seven months after abrupt exit of former boss Chitra Ramkrishna amid charges of wrongdoings at NSE's colocation facility