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Llp annual filing: process, e-filing & due dates

LLP Partners Must File Annual Forms 8 and 11 with MCA or Face Penalties and Risk Business Deregistration
LLP annual filing is a mandatory compliance requirement for limited liability partnerships in India. Entities must submit two forms annually: Form 8 for financial statements and Form 11 for partner details. The filing process involves preparing documents, logging into the MCA portal, uploading forms, attaching required documents, paying fees, and completing verification. Late filings incur penalties of Rs. 100 per day, with potential risk of being struck off if consistently non-compliant.

Written by Ishita ramani

12 Jun 2025

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Common mistakes while filing rodtep annual return

Exporters Must Precisely Calculate and Document RoDTEP Annual Returns to Avoid Claim Disqualification and Potential Penalties
Exporters filing RoDTEP Annual Returns must carefully navigate complex calculations and reporting requirements. Key areas of potential error include incorrect allocation of duties and taxes, miscalculation of fuel-related expenses, inappropriate electricity duty computation, and improper GST embedded in unregistered dealer purchases. Inaccurate reporting may lead to potential refund or surrender of RoDTEP claims, necessitating meticulous documentation and justifiable calculation methods.

Written by Shilpi jain

Co-Author Vinay kumar

12 Jun 2025

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Physical verification of business premises should be done in the presence of person

Procedural Flaws Invalidate GST Verification: Lack of Witness and Proper Documentation Leads to Registration Restoration
A GST department official conducted a physical verification of a business premises without a witness, finding the location locked. The high court ruled that such verification must be done in the presence of a person, with statements from nearby shop owners, and countersigned by witnesses. The court quashed the cancellation order, restored the business registration, and awarded costs, emphasizing procedural compliance in administrative actions.

Written by Bimal jain

12 Jun 2025

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Judicial scrutiny of epcg scheme compliance.

Export Promotion Capital Goods Scheme: Partial Duty Demands Upheld with Nuanced Interpretation of Export Compliance Requirements
A legal analysis of an Export Promotion Capital Goods (EPCG) scheme case involving customs duty and export obligations. The Customs, Excise & Service Tax Appellate Tribunal partially upheld duty demands related to export obligations while setting aside confiscation and penalty claims. The ruling emphasized strict compliance with import conditions, proper documentation, and good faith disclosure to avoid extended legal penalties.

Written by Yagay andsun

12 Jun 2025

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Definition of work and why do we work?

Exploring Work's Multidimensional Nature: Beyond Survival, a Profound Human Experience of Purpose and Personal Growth
Work is a purposeful activity involving mental or physical effort to achieve specific outcomes. Across various contexts - practical, economic, psychological, and physical - work serves multiple functions beyond mere survival. People engage in work to earn a living, find purpose, establish identity, grow personally, connect socially, contribute to society, seek recognition, and maintain independence. Fundamentally, work represents a complex human endeavor that transcends simple economic transactions.

Written by Yagay andsun

12 Jun 2025

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How teams work: a clear and practical explanation.

Unlocking Team Potential: Navigating Collaborative Dynamics Through Shared Goals, Trust, and Adaptive Communication Strategies
Teams are collaborative groups with shared objectives, interdependent skills, and mutual accountability. Effective teams require clear goals, defined roles, open communication, trust, and constructive conflict management. They progress through developmental stages, adapting and learning continuously. Success depends on shared purpose, diverse skills, strong leadership, and a commitment to collective achievement across various organizational contexts.

Written by Yagay andsun

12 Jun 2025

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Smart hiring, strong teams: proven strategies to recruit and retain top talent.

Strategic Talent Acquisition: Seven Proven Methods to Transform Hiring, Attract Top Performers, and Build High-Performing Organizational Teams
A comprehensive guide to strategic talent acquisition and retention focuses on transforming hiring from a reactive to a proactive process. The article outlines seven key strategies: precisely defining roles, building talent pipelines, prioritizing cultural fit, using data-driven assessments, marketing positions effectively, implementing robust onboarding, and investing in employee retention. The approach emphasizes creating environments where top talent can thrive and contribute meaningfully to organizational success.

Written by Yagay andsun

12 Jun 2025

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Strict warning from fssai: misuse of ‘100%’ on labels will attract action.

FSSAI Cracks Down on Misleading "100%" Claims, Demands Proof and Transparent Food Labeling Practices
The Food Safety and Standards Authority of India (FSSAI) issued a strict advisory warning food business operators against using "100%" on product labels without substantiation. The regulatory body emphasized that such claims are undefined in existing regulations and can mislead consumers. FSSAI cautioned that unverified absolute claims, particularly in beverage labeling, violate fair advertising principles and may result in regulatory penalties. Businesses are directed to immediately review and revise product labels to ensure compliance.

Written by Yagay andsun

12 Jun 2025

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Legal analysis of circular no. 15/2025-customs: procedural reforms in air cargo and transhipment regime

Customs Reforms Slash Transhipment Fees, Modernize Air Cargo Logistics with Digital Platforms and Simplified Procedures
The Central Board of Indirect Taxes and Customs issued Circular No. 15/2025 introducing comprehensive reforms in air cargo and transhipment procedures. Key changes include abolishing transhipment permit fees, establishing a harmonized framework for temporary import of Unit Load Devices, implementing a national transhipment bond, and enabling electronic filing through digital platforms. The reforms aim to reduce compliance costs, streamline logistics operations, and enhance trade efficiency for high-value and sensitive cargo movements.

Written by Yagay andsun

12 Jun 2025

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Demand order cannot be passed without considering the reply and providing an opportunity of hearing

Corporate Tax Battle: Procedural Fairness Wins as Tech Firm Successfully Challenges Arbitrary Tax Demand Order
The Delhi High Court set aside a demand order issued by tax authorities against a technology company. The court found that the order was passed without considering the company's reply and without providing an opportunity for a hearing. The court directed the authorities to issue a personal hearing notice, review the submitted documents, and pass a fresh order. The case involves challenging certain GST notifications, with the final decision pending Supreme Court review.

Written by Bimal jain

11 Jun 2025

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Opc annual return filing for dormant companies

One Person Company Must File Annual Returns Annually, Even When Dormant, to Preserve Legal Standing and Avoid Penalties
One Person Company (OPC) must file annual returns even when dormant, maintaining legal status and avoiding penalties. The process involves applying for dormant status, preparing minimal financial statements, filing required forms online, and paying necessary fees. Timely compliance prevents fines, potential legal actions, and maintains eligibility for future government benefits or business revival.

Written by Ishita ramani

11 Jun 2025

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Defective income tax return – a ground for rejection of refund claim?

Minor TDS Discrepancy Cannot Justify Wholesale Rejection of Income Tax Return, Refund Rights Protected
A taxpayer filed an income tax return claiming a refund, which was not processed due to alleged defects in the return. The Centralized Processing Centre issued a notice for rectification. Despite filing a revised return, the revenue department did not process the refund. The Delhi High Court ruled that a minor discrepancy in Tax Deducted at Source cannot be grounds for completely rejecting a return. The court directed the revenue to process the refund application and affirmed the taxpayer's right to seek rectification.

Written by Dr.mariappan govindarajan

11 Jun 2025

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Analysis of the limitation period prescribed under section 107 of the cgst act, vis-à-vis applicability of section 5 of the limitation act, 1963

Judicial Interpretation of CGST Act Limitation Periods: Section 107 Appeals Face Strict Four-Month Filing Deadline
Legal analysis reveals a complex judicial interpretation regarding limitation periods under the CGST Act. Multiple high courts have conflicting views on whether Section 5 of the Limitation Act applies to Section 107's appeal timeline. Currently, most courts enforce a strict four-month filing deadline, with the Supreme Court staying a contrary Calcutta High Court ruling. Taxpayers are advised to file appeals within the prescribed period to avoid potential dismissal.

Written by Anuj bansal

11 Jun 2025

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Legal commentary on circular no. 14/2025-customs: substitution of "certificate of origin" with "proof of origin" under carotar, 2020

Origin Verification Overhaul: New Proof Requirements Streamline International Trade Documentation and Customs Compliance
A legal circular issued by the Central Board of Indirect Taxes and Customs introduces significant amendments to origin verification procedures. The key change involves replacing "Certificate of Origin" with "Proof of Origin", expanding documentation options under trade agreements. The modification centralizes verification processes through the Directorate of International Customs, standardizes signature and seal management, and provides broader recognition of self-declaration mechanisms in international trade documentation.

Written by Yagay andsun

11 Jun 2025

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Rare earth elements, china's strategic dominance, and india's strategic imperative: a critical crossroad for economic and geopolitical aspirations

Rare Earth Elements: India's Economic Security at Risk from China's Dominant Global Supply Monopoly
A critical analysis of rare earth elements (REEs) reveals India's strategic vulnerability due to China's near-monopoly in global supply chains. The document examines REEs' crucial role in advanced technologies and highlights India's economic risks from over-dependence on Chinese imports. Strategic recommendations include diversifying supply sources, developing domestic processing capabilities, implementing supportive policies, and fostering international collaborations to mitigate geopolitical and technological challenges.

Written by Yagay andsun

11 Jun 2025

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A cyclist’s story – forget spa days... here’s some dirt therapy! 🚴🚴🚴🚴🚴 ................. 🚴

Mountain Biking as Therapeutic Journey: Transforming Stress, Healing Mind and Body Through Challenging Trail Experiences
A cyclist discovers an unconventional form of self-care through mountain biking. Initially skeptical, the rider finds healing and presence on challenging trails. The physical and mental experience of navigating difficult terrain becomes a transformative therapeutic process, replacing traditional relaxation methods. Mountain biking offers a dynamic approach to managing stress, providing emotional release and a sense of freedom through physical exertion and engagement with nature.

Written by Yagay andsun

11 Jun 2025

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Agricultural produce market committee (apmc): a comprehensive overview.

Farmers' Shield: APMC Ensures Fair Trade, Transparent Pricing, and Market Protection for Agricultural Produce Sellers
Agricultural Produce Market Committee (APMC) is a statutory body established by state governments in India to regulate agricultural produce trade. Created to protect farmers from exploitation, APMCs facilitate fair pricing, transparent transactions, and market infrastructure development. Operating through market yards, these committees issue licenses, monitor prices, resolve disputes, and provide centralized trading platforms for agricultural commodities.

Written by Yagay andsun

11 Jun 2025

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Discount given by manufacturers to retailers, prima facie, cannot be considered as a consideration for services rendered by the retailer

Manufacturers' Trade Discounts Not Taxable as Service Consideration, Ruling Protects Retail Pricing Practices
Manufacturers' discounts to retailers cannot be considered as consideration for services rendered, according to a Delhi High Court ruling. The court stayed an order by tax authorities seeking to impose GST on such discounts. The judgment emphasizes that tax can only be levied on actual consideration for a taxable supply, and discounts should not be arbitrarily interpreted as taxable income. The case highlights the importance of strict interpretation of GST valuation mechanisms.

Written by Bimal jain

10 Jun 2025

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What are the latest updates making the online 12a registration process more efficient?

Digital Revolution: 12A Registration Streamlines Tax Exemption Process for NGOs with Seamless Online Filing and Instant Verification
The online 12A registration process for NGOs, trusts, and charitable institutions has been digitally transformed. Key updates include complete online filing through the Income Tax e-filing portal, e-verification integration, centralized processing, time-bound approvals, and automatic unique registration number generation. These changes aim to simplify tax exemption compliance, enhance transparency, reduce paperwork, and enable faster organizational operations.

Written by Ishita ramani

10 Jun 2025

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Navigating the complexities of time-barred notices post rajeev bansal judgment

Income Tax Reassessment Notices Challenged: Rajeev Bansal Judgment Reveals Critical Ambiguities in Tax Law Interpretation
The article analyzes the legal complexities surrounding income tax reassessment notices following the Supreme Court's Rajeev Bansal judgment. It explores the ambiguities created by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act and subsequent Finance Act amendments, particularly regarding time-barred notices for assessment years 2013-14 to 2016-17. The analysis highlights conflicting interpretations of notice validity, potential impacts on taxpayers, and the need for legislative clarity in tax administration procedures.

Written by Ishtmeet kaur

10 Jun 2025

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