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Month: April 2022

RBI

RBI moves SC to consolidate co-op bank pleas

The Supreme Court on Monday reluctantly entertained a petition from Reserve Bank of India seeking consolidation of scores of pleas filed by cooperative banks in a dozen HCs challenging application of Banking Regulation Acts to appointment of directors, CEOs and MDs. Appearing for RBI, senior advocate Rakesh Dwivedi told a…
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GST Tax

35,000 GST Returns From FY18 Up For Scrutiny

The Central Board of Indirect Taxes and Customs has identified 35,000 GST returns pertaining to fiscal 2017-18 to scrutinise for discrepancies and mismatches on liability, input tax credit and such. The cases were selected for scrutiny based on “specific risk parameters” as directed in a department notice in March. The…
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