@abhishekrajaram's Latest X Threads

𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗢𝗿𝗱𝗲𝗿 𝗣𝗮𝘀𝘀𝗲𝗱 𝗯𝘆 𝗥𝗢𝗖 𝗙𝗮𝘂𝗹𝘁 𝗮𝗻𝗱 𝗟𝗲𝗴𝗮𝗹 𝗕𝗮𝘀𝗶𝘀 The order issued by the Registrar of Companies (ROC), Mumbai, adjudicates a penalty under Section 454 of the Companies Act, 2013, for violating Section 179(3) of the Act. The fault pertains to non-filing of board resolution by BCL Homes Limited as required under Section 179(3) read with Section 117 of the Act. [img:JwHcO3LOu]

𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 – 𝗖𝗲𝘀𝘁𝗮𝘁 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶: 𝗜𝗻𝗽𝘂𝘁 𝗧𝗮𝘄 𝗖𝗿𝗲𝗱𝗶𝘁 𝗳𝗼𝗿 𝗘𝘅𝗽𝗼𝗿𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗔𝗹𝗹𝗼𝘄𝗲𝗱, 𝗔𝗯𝘂𝘁 𝗥𝗲-𝗲𝘅𝗮𝗺𝗶𝗻𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝗟𝗼𝘄𝗲𝗿 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗦𝗲𝘁 𝗔𝘀𝗶𝗱𝗲 📢 𝗧𝗵𝗲 𝗖𝗼𝘂𝗿𝘁 𝗵𝗲𝗹𝗱: The Assistant Commissioner overstepped by re-adjudicating export service issues; the writ petition was allowed, and refund processed.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗼𝗻 𝗙𝗿𝗲𝗲 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗙𝗼𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘄 𝗥𝗲𝗳𝘂𝗻𝗱 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: "Amounts paid during investigation are pre-deposits and are eligible for interest on refund from the date of deposit till realization, once the appeal is successful."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗠𝘂𝗺𝗯𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗜𝗻𝘃𝗼𝗸𝗶𝗻𝗴 𝗘𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝗣𝗲𝗿𝗶𝗼𝗱 𝗳𝗼𝗿 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗦𝗲𝗰𝗼𝗻𝗱 𝗦𝗖𝗡 𝗳𝗼𝗿 𝗦𝗮𝗺𝗲 𝗙𝗮𝗰𝘁𝘀 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: A second show cause notice invoking the extended limitation period on the same facts, after a prior notice, is invalid.

𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 – 𝗕𝗼𝗺𝗯𝗮𝘆 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁: 𝗝𝗼𝗶𝗻𝘁 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗗𝗼𝗲𝘀 𝗡𝗼𝘁 𝗦𝘂𝗯𝗷𝗲𝗰𝘁 𝗧𝗵𝗲 𝗔𝗺𝗼𝘂𝗻𝘁 𝗧𝗼 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 𝗧𝗵𝗲 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗵𝗲𝗹𝗱: Joint venture lacked service provider-recipient relationship, so no service tax; impugned order set aside for not considering reply.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗝𝗼𝗶𝗻𝘁 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: No service tax on joint venture revenue sharing; not a service provider-recipient relationship. Appeals against demands allowed.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗠𝘂𝗺𝗯𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗧𝗮𝘅𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗠𝗼𝘃𝗶𝗲 𝗦𝗰𝗿𝗲𝗲𝗻𝗶𝗻𝗴 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: Movie screening is non-taxable unless theater is leased for fixed rent; principal-to-principal transactions taxed per Finance Act classification.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗧𝗮𝘅𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗳 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗮𝗻𝗱 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁𝘀 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: "Melasma and Birth Mark Treatments qualify as Health Care Services and are exempt from service tax before and after 01.07.2012. Cosmetic services like Hypertrichosis and Hair Laser Comb Treatments remain taxable."

𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 – 𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝘂𝗽𝗽𝗹𝘆 𝗼𝗳 𝗜𝗦𝗢 𝗧𝗮𝗻𝗸𝗲𝗿𝘀 𝗼𝗻 𝗟𝗲𝗮𝘀𝗲/𝗥𝗲𝗻𝘁𝗮𝗹 𝗕𝗮𝘀𝗶𝘀 📢 𝗧𝗵𝗲 𝗧𝗿𝗶𝗯𝘂𝗻𝗮𝗹 𝗵𝗲𝗹𝗱: Lease of ISO Tankers qualifies as a deemed sale since control rested with the appellant, exempting it from service tax liability.

𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗡𝗔𝗳𝗿𝗮 𝗢𝗿𝗱𝗲𝗿 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗠𝘀. 𝗗𝗲𝗹𝗼𝗶𝘁𝘁𝗲 𝗛𝗮𝘀𝗸𝗶𝗻𝘀 & 𝗦𝗲𝗹𝗹𝘀 𝗟𝗟𝗣 𝗙𝗮𝘂𝗹𝘁 𝗮𝗻𝗱 𝗟𝗲𝗴𝗮𝗹 𝗕𝗮𝘀𝗶𝘀 The order issued by the National Financial Reporting Authority (NAfra) adjudicates penalties under the Companies Act, 2013, for violations of auditing standards during the statutory audit of a listed company. [img:jFYmwJg5Y]