Search Results for Tag : Payment

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Central Government Launches BHARAT QR Code for Encouraging Digital Payments(20.02.2017)

The Central Government has recently launched Bharat QR code, a Quick Response (QR) code to enable digital payments without card swiping machines. This.....

Tags : QR code, Launch, Digital payments

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International Cases

In matrimonial disputes, a spouse may have an obligation to make provision for the payment of other expenses; but an obligation to duplicate it in circumstances is most improbable(18.07.2018)

In facts of present case, Mr Mills (“the husband” notwithstanding his divorce from Mrs Mills, “the wife”, in 2002) appeals against an order for upwa.....

Tags : Periodical payments, Discretion, Obligation

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NPCI Gets Final Approval From RBI To Function As Bharat Bill Payment Central Unit(28.07.2017)

In a bid to further strengthen and regulate digital payments, the National Payments Corporation of India (NPCI), being an umbrella organisation for al.....

Tags : NPCI, Bill payment, Approval, Central Unit

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RBI announces implementation of Positive Pay System for Cheque payments(25.09.2020)

RBI introduces Positive Pay System for Cheque Truncation. The system is to be implemented from January 1, 2021. The concept of Positive Pay involves a.....

Tags : Positive Pay System, Cheque payments, Implementation

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Payment by employer to tax consultants to render assistance to expatriate employees is taxable ‘benefit or advantage’ as contemplated in the definition of ‘gross income’(06.09.2019)

The Appellant, BMW South Africa (Pty) Ltd (BMWSA), is part of the BMW Group (the Group) that manufactures and markets BMW vehicles and conducts worldw.....

Tags : Payment, Tax Consultant, Assessment, Legality

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RBI issues directions on Digital Payment Security Controls(18.02.2021)

In order to set up a robust governance structure, RBI issues direction on Digital Payment Security Controls. The Master Direction provides necessary g.....

Tags : Digital Payment, Security, Direction

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Production of notice of assessment is conclusive evidence that the assessment is properly made(07.08.2020)

An application is made by the Plaintiff, the Deputy Commissioner of Taxation, for judgment to be entered against the defendant pursuant to the Rules o.....

Tags : Debt dues, Payment, Recovery

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Prime Minister launches digital payment solution e-RUPI(02.08.2021)

Prime Minister launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. The e-RUPI is a digital voucher wh.....

Tags : Digital payments, e-RUPI, Launch

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A party who had been deprived of the use of his or her capital for a period of time has suffered a loss and did not need to establish special proof of his or her damages(19.05.2022)

The appeal was about two companies, namely Houtbosplaas (Pty) Ltd (Houtbosplaas) and TBS Alpha Beleggings (Pty) Ltd (TBS Alpha) suing their erstwhile .....

Tags : Payment, Funds, Interest

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RBI releases framework for geo-tagging of payment system touch points(25.03.2022)

RBI releases geo-tagging of payment system touch points. In recent years, the payments ecosystem in India has witnessed rapid developments with a bouq.....

Tags : Geo-tagging, Payment system, Release

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No SSNL-ing out of this security(15.01.2016)

The Sardar Sarovar Narmada Nigam Limited (Conferment of Power to Redeem Bonds) Act, 2008 being held invalid may bring rejoicing to those left feeling .....

Tags : Ssnl, premature payment, bond

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Every disposition made after the commencement of the winding-up is void, unless the court had ordered otherwise(13.10.2022)

The appeal addressed the remuneration of fees of business rescue practitioners in respect of work performed after an application to convert business r.....

Tags : BRP, Payment, Validity

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Once a guarantee is valid on the face of it, the contractual obligation of the bank is to pay the nominated beneficiary, if the conditions are met(30.12.2022)

In present case, the High Court dismissed the application brought by the liquidators of the Appellant, Cape Concentrate (Pty) Ltd. to set aside, as a .....

Tags : Payment, Demand, Bank guarantees

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RBI releases framework for facilitating small value digital payments in offline mode(03.01.2022)

RBI releases guidelines for facilitating small value digital payments in offline mode. With technology being available in a palm of your hand, the RBI.....

Tags : Framework, Digital payments, Offline mode

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CBIC announces implementation of Electronic Cash Ledger for payment of Import duties from 1st March, 2024(29.02.2024)

Central Board of Indirect Taxes and Customs announces implementation of Electronic Cash Ledger (ECL). The Electronic Cash Ledger (ECL) shall be the mo.....

Tags : ECL, Implementation, Payments

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Gambling tax is payable in respect of freeplay credits(04.09.2023)

The Board, together with Sun International Subsidiaries Grand west and Golden Valley casinos approached the Western Cape High Court for resolution of .....

Tags : Assessment, Gambling tax, Payment

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A person must apply for registration as a credit provider, if the total principal debt exceeds the threshold prescribed(21.12.2023)

Present is an appeal against the decision of the High Court, where it is declared that a loan and an acknowledgment of debt (the AOD) was subject to t.....

Tags : Loan, Agreement, Repayment

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RBI proposes to permit linking of PPIs through third-party UPI applications(05.04.2024)

In order to provide more flexibility to PPI holders, it is now proposed to permit linking of PPIs through third-party UPI applications. This will enab.....

Tags : Digital payments, Linking, PPIs

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Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)

The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....

Tags : Tax liability, Interest, Delayed payment

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Section 31 of the Insolvency Act serves as a sword for the liquidator in winding up the insolvent estate, rather than a shield for third parties in subsequent litigation(09.02.2024)

The Appellant, Mr. Chaim Cohen (Mr Cohen), seeks to avoid liability under a deed of suretyship executed in favour of the Respondent, Absa Bank Limited.....

Tags : Surety, Liability, Payment

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Deeming provision had the effect of notionally separating the supply of services from the supply of goods, when in fact they were not separate supplies(03.04.2020)

Present appeal concerns the proper interpretation and application of Section 8(15) of the Value Added Tax Act 89 of 1991, in the context of a single s.....

Tags : Goods, Supply, Tax, Payment

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Requirements for a claim based on unjust enrichment are that, defendant must be enriched, Plaintiff must be impoverished(04.04.2024)

The Appellants appeal against the judgment of the High Court in terms of which they were, ordered to pay the Respondent, Nedbank Limited (Nedbank) the.....

Tags : Payment, Direction, Legality

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A bank which gives a performance guarantee must honour that guarantee according to its terms(13.11.2020)

Appeal was filed by the Joint Venture between Aveng (Africa) Pty (Ltd) and Strabag International Gmbh (the Joint Venture) against the order of the Hig.....

Tags : Beneficiary, Performance guarantee, Payment

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Court’s discretion to determine that by whom and to what extent the costs of proceedings are to be paid must be exercised judicially(25.01.2018)

In facts of present case, the Respondent is the operator of a caravan park. The Appellants and the Respondent entered into a tenancy agreement in resp.....

Tags : Cost, Payment, Validity

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News

RBI Extends E-Payment Deadline and Banking Hours(30.03.2016)

Reserve Bank of India (RBI) has issued instructions wherein it has been decided that all agency banks shall keep counters of their designated branches.....

Tags : Reserve Bank of India, E-Payment

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Bombay HC: Hospitals Can't Detain Patients over Non-Payment of Bills(06.04.2016)

Bombay HC has held that hospitals cannot detain patients for non-payment of bills and said, "If a patient does not pay, it can't be that the hospital .....

Tags : Bombay HC , Non-Payment of Bills, hospitals

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RBI Refuses to Extend Deadline for PPIs to Complete Customer Verification(27.02.2018)

Reserve Bank of India (RBI) has refused to extend the 28 February deadline for prepaid payment instruments (PPIs) such as mobile wallets to complete k.....

Tags : Reserve Bank of India, prepaid payment instruments, know-your-customer

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Lok Sabha Passes Bill to Enable Govt to Double Tax-free Gratuity to Rs 20 lakh(16.03.2018)

Lok Sabha has passed the Payment of Gratuity (Amendment) bill which seeks to empower the government to fix period of maternity leave and tax-free grat.....

Tags : Lok Sabha, Payment of Gratuity

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SC: Sale Deed Executed Without Payment of Price Is Void; Has No Legal Effect(23.11.2021)

Supreme Court has observed that the payment of price is an essential part of a sale. The Court has said that if a sale deed in respect of an immovable.....

Tags : Supreme Court, Sale Deed Executed Without Payment

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Delhi High Court Seeks Stand on Non-Payment of Margin Amount to Fair Shop Owners(24.11.2021)

Delhi High Court has sought the stand of the Delhi Government in a plea against non-payment of margin amount to fair price shop owners as per the mand.....

Tags : Delhi High Court, Non-Payment of Margin Amount to Fair Shop Owners

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RBI Issues Operating Guidelines for Small Finance Banks and Payments Banks(07.10.2016)

Reserve Bank of India (RBI) has allowed payments banks and small finance banks to use digital banking to open bank accounts while streamlining their r.....

Tags : Reserve Bank of India, finance banks, payments banks, Guidelines

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Bombay HC Directs CIDCO for Payment of Wages to Gardeners(14.05.2020)

Bombay High Court has directed the City and Industrial Development Corporation of Maharashtra for making gardeners work during the lockdown without pa.....

Tags : Bombay High Court, Payment of Wages to Gardeners

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Bombay HC Directs Payment of Salary & Dues to 'Retired' Director of Management College(18.05.2020)

Bombay High Court has directed the Mumbai University to pay salary dues to a professor cum director of a Management Institute run by the university fo.....

Tags : Bombay High Court, Payment of Salary & Dues to 'Retired' Director of Management College

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Delhi HC Directs Delhi Govt. to Ensure Payment and Registration of Construction Workers(25.05.2020)

Delhi High Court has directed the Delhi Government as well as Delhi Building and Other Construction Workers Welfare Board to ensure that ex gratia pay.....

Tags : Delhi High Court, Payment and Registration of Construction Workers

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ITAT, Delhi: Belated Payment of Employees Contribution to Provident Fund and Insurance Scheme(17.03.2022)

Income Tax Appellate Tribunal, Delhi has ruled that belated payment of employees' contribution to the Provident Fund and State Insurance Scheme cannot.....

Tags : Income Tax Appellate Tribunal, Belated Payment of Employees Contribution

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Delhi HC Seeks Government’s Reply over Non-payment of Fees to APPs(20.12.2016)

Delhi High Court has sought a report from Chief Secretary, Ministry of Law over non-payment of fees by Delhi Government to thirty-two Additional Publi.....

Tags : Delhi High Court, Additional Public Prosecutors, non-payment

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RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)

Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....

Tags : Reserve Bank of India, loan, repayment, Small Borrowers

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President Promulgates Payment of Wages Ordinance(29.12.2016)

President of India has promulgated Payment of Wages (Amendment) Ordinance, 2016.

Tags : President, Payment of Wages, Ordinance

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CESTAT, Delhi: No Service Tax Applicable on Additional Interest Recovered from Customers(14.12.2020)

Customs, Excise, Service Tax Appellate Tribunal (CESTAT), Delhi has held that service tax is not applicable on additional interest recovered from cust.....

Tags : Customs, Excise, Service Tax Appellate Tribunal, Additional Interest Against Delayed Payment

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SC Asks NPCI on Grant of Licence to Whatsapp to Start App-Based UPI Payment Service(15.12.2020)

Supreme Court has asked National Payment Corporation of India (NPCI) to file an affidavit explaining how WhatsApp was granted licence to start app-bas.....

Tags : Supreme Court, Whatsapp, App-Based UPI Payment Service

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SC Seeks Response on Plea Seeking Declaration of 1975 Emergency as Unconstitutional(15.12.2020)

Supreme Court has sought response from the central government on a plea filed by a 94-year-old woman seeking to declare as “wholly unconstitutional” t.....

Tags : Supreme Court, Whatsapp, App-Based UPI Payment Service

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Delhi HC: Payment Aggregators Fall Within Definition of Payment System(19.09.2022)

Delhi High Court has held that payment aggregators fall within the definition of designated payment system under Section 23A of the Payment and Settle.....

Tags : Delhi High Court, Payment System, RBI

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SC: Burden to Prove Full Repayment of Borrowed Amount is On The Party Claiming It(17.12.2021)

Supreme Court has held that when payment of money and repayment of a portion of it is admitted by a party, then the onus to establish that there was f.....

Tags : Supreme Court, Burden to Prove Full Repayment of Borrowed Amount

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Karnataka High Court Stays Retrospective Payment of Tax on Annuity to Infra Companies(27.12.2021)

Karnataka High Court has stayed proceedings initiated by the goods and services tax (GST) authorities seeking retrospective payment of tax on annuity .....

Tags : Karnataka High Court, Retrospective Payment of Tax on Annuity to Infra Companies

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Supreme Court Asks Medical Colleges Either to Pay Stipend or Not Have Internship(27.02.2024)

Supreme Court while expressing concerns over inadequate payment of stipends to medical students, has stated that Medical colleges should either pay th.....

Tags : Supreme Court, Medical Colleges, Inadequate Payment

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Bom. HC: Imprisonment Exceeding Twelve Months Can’t Be Given For Default in Payment of Maintenance(28.02.2024)

Bom. HC has observed that the Magistrate under Section 125 of CrPC can only impose imprisonment upto twelve months on 1 application for default of pay.....

Tags : Bombay High Court, Section 125 of CrPC, Payment of Maintenance

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Supreme Court: Payment of Loan Amount to NBFC Along With Decided Rate of Interest Non-Refundable(05.03.2024)

Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....

Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest

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SC: Can’t Claim Refund of Interest Amount if Loan Amount Paid With Decided Rate of Interest(05.03.2024)

Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....

Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest

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SC: Deadline of 4 Weeks to Claim Ex Gratia Payment on Death of Kin Not Sufficient(22.03.2022)

Supreme Court has said the deadline of four weeks for claiming ex gratia payment from authorities on the death of kin due to COVID-19, may not be suff.....

Tags : Supreme Court, Ex Gratia Payment

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ITAT: Customs House Agent Bound to Pay TDS on Payment to CFS Agents(25.03.2022)

Income Tax Appellate Tribunal (ITAT), Chennai has held that the Customs House Agent bound to pay TDS under section 194C of the Income Tax Act, 1961 on.....

Tags : Income Tax Appellate Tribunal, TDS on Payment to CFS Agents

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SC Issues Notice on Pleas Challenging Uttarakhand HC Order on Payment of Tuition Fees(28.05.2020)

Supreme Court has issued notices on special leave petitions filed against the order of the Uttarakhand High Court whereby private unaided schools were.....

Tags : Supreme Court, Payment of Tuition Fees

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Supreme Court Disposes of PIL on Payment to Migrant Workers(22.04.2020)

Supreme Court has disposed of a public interest litigation stating that it would not get into the budgetary or financial domain of the Centre by direc.....

Tags : Supreme Court, Payment to Migrant Workers

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SC Seeks Centre's Response on Implementation of MHA Order for Payment of Full Wages(28.04.2020)

Supreme Court has directed the Centre to place its "policy on record" in regards to implementation of Ministry of Home Affairs' Notifications, which c.....

Tags : Supreme Court, Payment to employees

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Karnataka HC Asks NHAI if Farmers Can be Exempted from Paying Toll on Highways(29.04.2020)

Karnataka High Court has asked the National Highways Authority of India (NHAI) to inform the Court whether any concession can be made available to the.....

Tags : Karnataka High Court, Payment of Toll, Farmers

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Kerala Govt Brings Ordinance for Deferment of Salary Payment in Public Emergencies(01.05.2020)

Kerala Government has promulgated an Ordinance to empower the Government to defer payment of up to 25% of monthly salary of its employees during the t.....

Tags : Kerala Government, Salary Payment

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ITAT, Mumbai: Revisional Jurisdiction Can’t be Invoked , Order of Assessment Without Reasons(04.04.2022)

Income Tax Appellate Tribunal, Mumbai, has observed that the revisional jurisdiction under section 263 of Income Tax Act, 1961 cannot be invoked while.....

Tags : Income Tax Appellate Tribunal, revisional jurisdiction, Section 263 of the Income Tax Act, 1961, M/s Reliance Payment Solutions Pvt Ltd

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AP HC Takes Suo Moto Case on Letter Petition Against Govt Decision to Defer Payment of Salaries(09.04.2020)

Andhra Pradesh High Court has taken suo moto cognisance on a Letter-Petition on the issue of deferment of payment of salaries & pensions as per a Gove.....

Tags : Andhra Pradesh High Court, Defer Payment of Salaries

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SC Asks Centre About Steps Taken for Payment of Minimum Wages to Migrants(14.04.2020)

Supreme Court has asked the Centre to update status on a batch of Petitions concerning the plight of migrant workers who had been rendered unemployed .....

Tags : Supreme Court, Payment of Minimum Wages to Migrants

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Karnataka HC: Insurance Company Not Liable to Pay Compensation If Person Holding Wrong Licence(15.03.2022)

Karnataka High Court has said that the insurance company will not be liable to pay compensation, if a heavy goods vehicle is driven by a person holdin.....

Tags : Karnataka High Court, Payment of Compensation, Wrong licence

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SC: Section 4(5) of Gratuity Act Applies Only When Options for Employee Under the Act(01.05.2020)

Supreme Court has held that Section 4(5) of the Payment of Gratuity Act, 1972 will apply only when there are alternative options for the employee unde.....

Tags : Supreme Court, Payment of Gratuity Act

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Kerala HC Refuses to Stay Ordinance for Deferment of Salary Payment in Public Emergencies(06.05.2020)

Kerala High Court has refused to grant interim relief of stay in the petitions challenging the Kerala Disaster and Public Health Emergency (Special Pr.....

Tags : Kerala High Court, Deferment of Salary Payment in Public Emergencies

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Orissa HC: Pre-Payment Charges Can’t Be Imposed Without Giving Prior Information(13.04.2022)

Orissa High Court has held that pre-payment charges cannot be imposed by the banks without furnishing prior information about the same.

Tags : Orissa High Court, pre-payment charges, information

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Delhi HC: Low Revenue Not a Reason for Not Giving Funds for Salaries(28.07.2020)

Delhi High Court has told the Aam Aadmi Party Government that its depleting revenue could not be given as the reason to not release funds to the munic.....

Tags : Delhi High Court, Payment of Salaries

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Delhi HC Directs Delhi Govt to Release Grant for Payment of Salaries of Resident Doctors(29.07.2020)

Delhi High Court has directed the Delhi Government to issue grant in aid to the North Delhi Municipal Corporation within 15 days for the payment of st.....

Tags : Delhi High Court, Payment of Salaries to Resident Doctors

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Rajasthan HC: Poor Farmers Cannot Be Denied Payment of Insurance(04.08.2020)

Rajasthan High Court directed Agricultural Insurance Company of India (AIC) to release the amount due to the petitioner farmers of Satalana village un.....

Tags : Rajasthan High Court, Payment of Insurance to Farmers

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Delhi HC Allows Income Tax Deduction of Payment of Bonus by Company to Director(15.04.2022)

Delhi High Court has allowed the deduction of payment of bonus by a Company to its Directors by directing the income tax department to follow the rule.....

Tags : Delhi High Court, Deduction of Payment of Bonus

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Bombay HC: Denial of Due Wages Infringes Upon Right of Workman(21.08.2020)

Bombay High Court has held that financial difficulties faced by employers can be no ground for non-payment of due wages to workers. The Court has furt.....

Tags : Bombay High Court, Payment of Wages

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ITAT: Outstanding Balances cannot be treated as ‘Bogus’ when Payment made through Banking Channels(05.05.2022)

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has observed that the outstanding balances cannot be suspected as bogus when the payments to par.....

Tags : Income Tax Appellate Tribunal , Bogus Payments

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Madras HC: No Excuse for Not Paying GST in Time From Its Electronic Cash Register(09.05.2022)

Madras High Court has ruled that the taxpayer is liable to pay interest if there is a belated payment of tax declared in the returns filed.

Tags : Madras High Court, taxpayer, payment of tax

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CESTAT Allows to Pay Service Tax for Construction of Residential Complex(10.05.2022)

Customs, Excise & Service Tax Appellate, Bangalore has allowed to Pay Service Tax under Composition scheme of Works Contract (Composition Scheme for P.....

Tags : Customs, Excise & Service Tax Appellate, Service Tax, Composition scheme of Works Contract (Composition Scheme for Payment of Service Tax) Rules, Residential Complex

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Bombay HC: MHA Order on Payment of Wages Not Applicable to Unemployed Workers(14.07.2020)

Bombay High Court has held that order passed by the Union Ministry of Home Affairs under the Disaster Management Act, 2005 directing all States and Un.....

Tags : Bombay High Court, Payment of Wages to Unemployed Workers

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Delhi HC Questions Delay in Payment of Salaries to Teachers on COVID-19 Duty(22.07.2020)

Delhi High Court has questioned the delay by North Delhi Municipal Corporation in paying full salaries to its teachers engaged in COVID-19 duty.

Tags : Delhi High Court, Payment of Salaries to Teachers

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P&H HC: Schools Shall Not Strike Out Students' Names for Non-Payment of Tuition Fees(23.07.2020)

Punjab and Haryana High Court has clarified that even though the schools are permitted to collect tuition fee, they shall not strike out the names of .....

Tags : Punjab and Haryana High Court, Non-Payment of Tuition Fees

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Gujarat HC: Interest on Delayed Payment of Gratuity Mandatory, Not Discretionary(28.04.2022)

Gujarat High Court has reiterated that there is a plain mandate on the employer under the provisions of Section 7 to the Payment of Gratuity Act, 1972.....

Tags : Gujarat High Court, Section 7, Payment of Gratuity Act, 1972, payment of gratuity

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Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment: SC(08.02.2019)

Supreme Court has reiterated that arbitrator cannot award interest on award if the agreement expressly prohibits grant of interest.

Tags : Supreme Court, Arbitral Tribunal can't Award Interest if Agreement Expressly Bars Its Payment

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HP HC Directs State Govt to Revisit Policy on Payment of Fees to Private Schools(26.08.2020)

Himachal Pradesh High Court has directed the State Government to revisit the policy on payment of fees to private schools, while setting aside a Gover.....

Tags : Himachal Pradesh High Court, Payment of Fees to Private Schools

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Paytm Payments Bank Receives Final Approval From RBI(04.01.2017)

Reserve Bank of India (RBI) has given final approval to formally launch Paytm Payments Bank.

Tags : RBI, Paytm Payments Bank

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Gujarat HC Asks State to Determine Payment of Compensation Under PMFBY Scheme(12.10.2020)

Gujarat High Court has requested the State authorities, to carry out an exercise to determine as to whether the farmers covered under the Pradhan Mant.....

Tags : Gujarat High Court, Payment of Compensation Under PMFBY Scheme

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AAR: GST is Payable on Receipt of Gratuitous Payment From Outgoing Member(09.06.2022)

Maharashtra Authority of Advance Ruling (AAR) has held that Goods and Services Tax (GST) is payable on receipt of gratuitous payment from outgoing mem.....

Tags : AAR, GST, Gratuitous Payment

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Karnataka HC: Employees Entitled for Gratuity from the Time They Were Employed(20.05.2022)

Karnataka High Court has declined to quash an order passed by the Controlling Authority under the Payment of Gratuity Act, 1972, which directed govern.....

Tags : Karnataka High Court, Payment of Gratuity Act, Government Bodies, Controlling Authority

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Delhi HC Asks Municipal Corporations to Draw Schemes for Paying Salaries(22.09.2020)

Delhi High Court has asked the municipal corporations to draw up a scheme for paying salaries out of the funds they have without picking or choosing o.....

Tags : Delhi High Court, Payment of Salary

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Karnataka HC Stays Govt Order Deferring Variable Dearness Allowance Payment(25.09.2020)

Karnataka High Court has by way of interim relief stayed the execution and operation of the order by which the State Government directed that the paym.....

Tags : Karnataka High Court, Variable Dearness Allowance Payment

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GST Department Issues Advisory for Taxpayers Who Opted for QRMP to Pay Tax Before 25th June(24.06.2022)

Goods and Services Tax (GST) department has issued an advisory asking the taxpayers opted for Quarterly Returns Monthly Payment (QRMP) scheme to pay t.....

Tags : GST Department, Quarterly Returns Monthly Payment, Advisory

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CESTAT: Period of Depreciation Should Extend Up to Date of Payment of Duty(24.06.2022)

Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench has held that period of depreciation should extend up to the date of pay.....

Tags : CESTAT, Depreciation, Payment

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Bombay High Court: Harassment for Loan Repayment Amounts to Abetment of Suicide(03.04.2017)

Bombay High Court while rejecting discharge pleas of two money lenders has said that continuous verbal and physical abuse and repeated demand for the .....

Tags : Bombay High Court, Loan Repayment, Abetment of suicide

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Supreme Court Issues Guidelines on Payment of Maintenance in Matrimonial Matters(04.11.2020)

Supreme Court has issued guidelines on payment of maintenance in matrimonial matters. The Court has held that maintenance in all cases will be awarded.....

Tags : Supreme Court, Payment of Maintenance

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Delhi HC Refuses to Vacate Stay on Direction to Enforce CM's Speech Promising Rent Relief(05.07.2022)

Delhi High Court has dismissed plea challenging order which had temporarily stayed a single judge order making promises extended by Chief Minister Arv.....

Tags : Delhi High Court, Promises, Enforceable, Payment of Rent

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Kerala HC: Teachers Come Within The Preview of 'Employee' U/S 2(e) of Payment of Gratuity Act(11.07.2022)

Kerala High Court has held that teachers come within the preview of 'employee' as defined under Section 2(e) of the Payment of Gratuity Act.

Tags : Kerala High Court, Employee, Teacher, Payment of Gratuity

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AP HC: Stopping Payment of Social Security Pension Without Inquiry is Illegal(09.09.2020)

Andhra Pradesh High Court has held that stopping payment of social security pension to the Petitioners without conducting any enquiry or without issui.....

Tags : Andhra Pradesh High Court, Payment of Social Security

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Allahabad HC Asks UP Govt Why RTE Instructors are Paid Less Than Class IV Posts(14.09.2020)

Allahabad High Court has asked the Uttar Pradesh Government to file a reply affidavit in a plea alleging that primary school teachers, recruited under.....

Tags : Allahabad High Court, Payment to RTE Instructors

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Non Payment of Salary for Work Done by Virtue of Interim Order of Court Amounts to Begar: SC(21.01.2019)

Supreme Court has observed that non-payment of salary for work done by the employees who served by virtue of an interim order of a Court would tantamo.....

Tags : Supreme Court, Non Payment of Salary, Begar

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Private Hospitals are Covered Under Payment of Gratuity Act : Kerala HC(23.01.2019)

Kerala High Court has held that private hospitals are covered under the Payment of Gratuity Act, 1972.

Tags : Kerala High Court, Payment of Gratuity Act

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Allahabad HC: Death Date Immaterial Under UP Govt's Ex-Gratia Payment Policy(01.08.2022)

Allahabad High Court has directed State Government to release the ex-gratia payment to the dependents of such individuals who died due to COVID in and.....

Tags : Allahabad High Court, Ex-Gratia Payment, Covid Death

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Karnataka HC Directs State Government to Address Non-Payment of Pension(19.10.2020)

Karnataka High Court has directed the State government to immediately look into the grievance raised about senior citizens not being paid pension amou.....

Tags : Karnataka High Court, Non-Payment of Pension

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Rajasthan HC Directs Government to Issue Instructions for Payment of Interim Fees(26.10.2020)

Rajasthan High Court has directed the State Government to issue instructions regarding payment of interim fees by 28th October, 2020, considering the .....

Tags : Rajasthan High Court, Payment of Interim Fees

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P&H HC: Court Orders Not Required to Extend Period of Payment under OTS(28.12.2020)

Punjab and Haryana High Court has held that once the terms and conditions of the One Time Settlement (OTS) entered with the bank are violated by a bor.....

Tags : Punjab and Haryana High Court, Extension of Period of Payment

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Bom HC: Class I & II Officers May be Exempted from Recovery of Excess Payment in Exceptional Cases(22.09.2022)

Bombay High Court while granting protection to retired Junior Assistant (Class II officer) against recovery of excess salary and benefits erroneously .....

Tags : Bombay High Court, Excess Payment, Retirement

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President Assents Law to Pay Wages Via Cheque, E-Transfer(20.02.2017)

President Pranab Mukherjee has given assent to Payment of Wages (Amendment) Act, 2017 which enables employers to pay wages to workers through cheque o.....

Tags : Payment of Wages (Amendment) Act, 2017

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SC: No Offence U/S 138 NI Act if Cheque is Presented for Full Amount Without endorsing Part Payment(11.10.2022)

Supreme Court has held that no offence for dishonour of cheque under Section 138 of Negotiable Instruments (NI) Act is made out if cheque is presented.....

Tags : Supreme Court, Cheque, Part Payment

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Delhi HC to State: Create OTP-based System for Processing Payment of Fees to Standing Counsels(12.10.2022)

Delhi High Court has directed Delhi Government to ensure that an OTP-based verification system is created on the Online Single Window System (OSWS) po.....

Tags : Delhi High Court, Standing Counsel, Payment

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RBI Clears 11 Payments Banks(20.08.2015)

Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....

Tags : Reserve Bank of India, Payments Banks

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Govt: No Restriction on Cash Dealings of Above Rs 2 lakh for Credit Card Bill Payments(05.07.2017)

Revenue Department has said that restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business corresponden.....

Tags : Credit Card Bill Payments

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SC: Non-Payment of Stamp Duty Not to Invalidate Arbitration Agreement(12.01.2021)

Supreme Court has observed that non-payment of stamp duty on the commercial contract will not invalidate the arbitration agreement.

Tags : Supreme Court, Non-payment of Stamp Duty

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Kerala HC Issues Notice on Plea Challenging Arogyakeralam Order on Payment of Salaries to Nurses(03.03.2021)

Kerala High Court has issued notice to the State government, the Malappuram district programme manager of Arogyakeralam, and the Indian Nursing Counci.....

Tags : Kerala High Court, Payment of Salaries to Nurses

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SC: Wages Withheld Due To Disciplinary Action Can’t Be Restored Under Payment of Wages Act(07.06.2017)

Supreme Court has held that prescribed authority under Payment of Wages Act(PWA) is not an appellate authority in disciplinary proceedings and therefo.....

Tags : Supreme Court, Payment of Wages Act

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Allahabad HC Refuses Bail to Person for Removing Goods Without Invoice and Payment of Duties(16.04.2021)

Allahabad High Court has refused to grant bail to a person alleged of clandestine removal of finished goods without issuance of any invoice, without p.....

Tags : Allahabad High Court, Removing Goods Without Invoice and Payment of Duties

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RBI Sets 24-hr Deadline to Bring Back Payment Data Processed Abroad(27.06.2019)

Reserve Bank of India (RBI) has observed that all payments-related data has to be stored within India and in cases where data gets processed abroad, i.....

Tags : RBI, Payment Data

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Ministry of Law and Justice Increases Lifetime Monthly Payment of Retired Supreme Court Judges(19.03.2021)

Ministry of Law and Justice has notified an amendment to the Supreme Court Judges Rules 1959 to increase the lifetime monthly payment to the retired j.....

Tags : Ministry of Law and Justice, Lifetime Monthly Payment of Retired Supreme Court Judges

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Gauhati HC: Ex-Gratia Payment Not to be Returned to Insurer Upon Determination of Compensation(31.01.2023)

Gauhati High Court has held that ex-gratia amount granted to a motor accident victim as per State policy would not have to be returned to the insurer .....

Tags : Gauhati High Court, Ex-Gratia Payment, Motor Accident

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Bombay High Court Directs SEBI to Inquire Role of FTIL in NSEL Payment Fraud(13.08.2015)

Bombay High Court has directed Security and Exchange Board of India(SEBI) to inquire role of Financial Technologies India Limited(FTIL) in Rs. 5574 cr.....

Tags : Bombay High Court,Security and Exchange Board of India,FTIL,NSEL Payment Fraud

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Kerala HC Grants Anticipatory Bail to Person Accused of Non-Payment of GST(26.04.2021)

Kerala High Court has granted anticipatory bail to the person accused of non-payment of Goods and Services Tax to the tune of Rs 17.53 Crores and non-.....

Tags : Kerala High Court, Non-Payment of GST

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Central Government Exempts Covid-19 Vaccines and Oxygen from Basic Custom Duty(26.04.2021)

Central Government has notified that the Covid-19 vaccines and Oxygen are exempted from basic customs duty. The Centre has also directed customs offic.....

Tags : Kerala High Court, Non-Payment of GST

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Del HC: Decision to Hold Compensation to Wife of Constable Who Died While on Covid Duty Not Tenable(20.02.2023)

Delhi High Court has observed that decision taken by Delhi Government to hold compensation of ex-gratia payment of Rs. 1 crore to wife of 28 year old .....

Tags : Delhi High Court, Ex-gratia Payment, Constable, Covid Duty

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Delhi HC Issues Notice in Plea Seeking Ex Gratia Payment to Families of Judicial Officers(10.05.2021)

Delhi High Court has issued notice to GNCTD, Department of Finance, GNCTD, Department of Home Affairs, Delhi Secretariat, Department of Law and Justic.....

Tags : Delhi High Court, Ex Gratia Payment to Families of Judicial Officers

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Karnataka HC Directs on Payment of Compensation to Those Who Died at Chamarajanagar Hospital(14.05.2021)

Karnataka High Court has directed the State government to decide on payment of compensation to families of those who died owing to a lack of oxygen su.....

Tags : Karnataka High Court, Payment of Compensation to Those Who Died at Chamarajanagar Hospital

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RBI Permits Banks to Use E-Payments for Imports(25.09.2015)

RBI, in order to facilitate e-commerce, has permitted banks to enter into pacts with Online Payment Gateway Service Providers (OPGSPs), for import pay.....

Tags : RBI, E-Payments for Imports

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Delhi HC Warns NDMC for Non Payment of Salaries, Pensions to Employees Amid Covid(01.06.2021)

Delhi High Court has warned the North Delhi Municipal Corporation of attachment of its properties for its failure to pay salaries and pensions to empl.....

Tags : Delhi High Court, Non Payment of Salaries, Pensions to Employees

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Delhi High Court Directs NDMC to Pay Wages to Workmen Within 4 Weeks(02.06.2021)

Delhi High Court has directed the North Delhi Municipal Corporation to provide monthly wages to the workmen in compliance of its earlier order dated 2.....

Tags : Delhi High Court, Payment of Wages to Workmen

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Madras HC Issues Notice on Plea for Payment of Ex-Gratia to Covid Victims(15.06.2021)

Madras High Court has issued notice to the National Disaster Management Authority on a petition seeking ex-gratia payment to families of persons who h.....

Tags : Madras High Court, Payment of Ex-Gratia to Covid Victims

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ITAT, Mumbai: Forex Gains on Repayment of Interest-free Loan by Relative Not Taxable(19.05.2021)

Income Tax Appellate Tribunal, Mumbai has ordered that foreign exchange gains arising in the hands of an individual, on a repayment of an interest-fre.....

Tags : Income Tax Appellate Tribunal, Forex Gains on Repayment of Interest-free Loan by Relative

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Delhi HC Rejects NIACL's Demand for Additional Premium to Advocates(03.06.2021)

Delhi High Court has rejected the demand of New India Assurance Company Limited (NIACL) demanding additional premium for 557 advocates who were not pa.....

Tags : Delhi High Court, Payment of Premium to Advocates

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Madras HC Directs Puducherry Govt to Release Payments Due to Private Medical Colleges(07.06.2021)

Madras High Court has directed the Puducherry Government to release payments due to the private medical colleges on a priority basis so that the treat.....

Tags : Madras High Court, Payments Due to Private Medical Colleges

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RBI: Small Finance Banks Can Join Payment System(23.12.2015)

Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....

Tags : Reserve Bank of India, payment system

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ITAT Pune: Ex-Gratia Payment to Prematurely Retiring Employees Deductible Even in Absence of Scheme(30.08.2019)

Income Tax Appellate Tribunal (ITAT) Pune has ruled that the amount of ex-gratia payment to the prematurely retiring employees can be allowed as a ded.....

Tags : ITAT Pune, Ex-Gratia Payment

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Calcutta High Court Permits E-Payment of Court Fees from July 15(14.07.2021)

Calcutta High Court has permitted e-payment of Court Fees from 15th July, 2021 for the original and appellate side as well as its Circuit Bench at Jal.....

Tags : Calcutta High Court, E-Payment of Court Fees

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Cabinet Nods for Surcharge, Service Charge on Card Payments(25.02.2016)

Cabinet has approved introduction of steps for promotion of payments through cards and digital means, a move aimed at weeding out black money menace b.....

Tags : Cabinet, Card Payments

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SC Issues Notice in Plea Seeking Mechanism for Price Payment of Sugarcane Produce to Cane Farmers(05.08.2021)

Supreme Court has issued notice in a plea filed seeking directions for setting up of a strict mechanism for payment of price of sugarcane produce to c.....

Tags : Supreme Court, Mechanism for Price Payment of Sugarcane Produce

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Govt Increases Wage Ceiling Under Payment of Wages Act From 18,000 To 24,000(31.08.2017)

Ministry of Labour and Employment has specified Rupees Twenty Four Thousand per month as the wages under sub-section (6) of section 1 of the Payment o.....

Tags : Payment of Wages Act

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Calcutta HC: No Educational Institution to Remove Student for Non-Payment of Fees(22.06.2021)

Calcutta High Court has said that no school or academic institution shall remove any student from their rolls for non-payment or short-payment of fees.....

Tags : Calcutta High Court, Non-Payment of Fees

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AP HC Seeks Report on Non-Payment of Dues to Two Private Contractors(30.06.2021)

Andhra Pradesh High Court has sought a report on seemingly 'pathetic' financial status of the State Government along with reasons for non-payment of d.....

Tags : Andhra Pradesh High Court, Non-Payment of Dues to Two Private Contractors

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Uttarakhand HC Directs Immediate Transfer to Transport Corporation for Payment of Salaries(01.07.2021)

Uttarakhand High Court has directed that an amount of Rs. 23 Crores be immediately transferred to the State Transport Corporation for the purpose of p.....

Tags : Uttarakhand High Court, Payment of Salaries

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President Gives Nod to SC and ST (Prevention of Atrocities) Amendment Act and others(08.01.2016)

President has given nod to Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Ac.....

Tags : Arbitration and Conciliation (Amendment) Act; Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Amendment Act; Commercial Courts,Commercial Division and Commercial Appellate Division of High Courts Act; Payment of Bonus (Amendment) Act, 2015

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Delhi High Court Asks NDMC, Delhi Govt to Clear Dues; Augment Resources(09.07.2021)

Delhi High Court has come down heavily on the North Delhi Municipal Corporation for non-payment of salaries and pensions to its employees, observing t.....

Tags : Delhi High Court, Payment of Salaries

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Bombay HC: Pressurizing Someone for Repayment of Money is Not 'Extortion’(28.06.2023)

Bombay High Court has held that threatening a person into giving up his demand for repayment of money does not amount to extortion under Section 383 o.....

Tags : Bombay High Court, Extortion, Repayment

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RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems(16.10.2019)

Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, w.....

Tags : RBI, Payment Systems

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All. HC: Can’t Refuse Anticipatory Bail Merely Over Non-Payment of Money Under a Contract(03.08.2023)

Allahabad High Court while observing that it is becoming a general practice to set criminal law into motion for putting pressure on parties to commerc.....

Tags : Allahabad High Court, Anticipatory Bail, Non-Payment, Commercial Transaction

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ITAT, Bangalore: Payment to Federation of Indian Mineral Industries Deductible Business Expenditure(24.08.2021)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that the payment made to the federation of Indian Mineral Industries is deductible from the b.....

Tags : Income Tax Appellate Tribunal, Payment to Federation of Indian Mineral Industries

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Madras HC: TDS on Payment of Contractor Not Applicable on Payment for Transportation of Goods(31.08.2021)

Madras High Court held that the Tax Deducted at Source on Payment to Contractor is not applicable on payment made towards transport of goods by way of.....

Tags : Madras High Court, Payment for Transportation of Goods

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CBDT Extends Last date of Payment Under Vivad se Vishwas(02.09.2021)

Central Board of Direct Tax (CBDT) has notified the extension of the last date of payment under Vivad se Vishwas which was earlier extended to 31st Au.....

Tags : Central Board of Direct Tax, Last date of Payment Under Vivad se Vishwas

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Kerala HC Stays Retrospective Effect of Payment of Bonus (Amendment) Act, 2015(29.01.2016)

Kerala High Court has stayed retrospective effect of Payment of Bonus (Amendment) Act, 2015.

Tags : Kerala High Court, Payment of Bonus (Amendment) Act, 2015

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Karnataka HC Issues Circular Declaring Payment of Process Fee Not Required for Issue of Notice(21.09.2021)

Karnataka High Court has issued a circular declaring that payment of process fee is not required for issuance of Notice to State Government, in view o.....

Tags : Karnataka High Court, Payment of Process Fee

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Delhi HC Stays Order Declaring CM's Promise on Payment of Rent for Poor as 'Legally Enforceable'(28.09.2021)

Delhi High Court has temporarily stayed a single judge order making promises extended by Chief Minister Arvind Kejriwal for payment of rent on behalf .....

Tags : Delhi High Court, Payment of Rent for Poor

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Calcutta HC Restrains Schools To Put Bar on Students From Taking Exams For Non-Payment of Fee(04.10.2021)

Calcutta High Court has restrained school authorities from preventing any student from taking any examination as well as carrying out rustication of s.....

Tags : Calcutta High Court, Payment of Fee

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Calcutta HC Restrains Schools To Put Bar on Students From Taking Exams For Non-Payment of Fee(04.10.2021)

Calcutta High Court has restrained school authorities from preventing any student from taking any examination as well as carrying out rustication of s.....

Tags : Calcutta High Court, Payment of Fee

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RBI Introduces New Prepaid Payment Instrument for Daily Grocery Payments(26.12.2019)

Reserve Bank of India has given consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily househ.....

Tags : RBI, Prepaid Payment Instrument

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Govt Paves Way for Tax-free Gratuity of up to Rs20 Lakh(23.03.2018)

Rajya Sabha has approved the Payment of Gratuity (Amendment) Bill, 2018, enabling the government to raise the limit of tax-free gratuity and to fix th.....

Tags : Rajya Sabha, Payment of Gratuity

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Allahabad HC Imposes Cost on State for Delaying Payment of Post-Death Dues of Employee(24.01.2020)

Allahabad High Court has imposed costs on State authorities for delaying the payment of post-death dues of an employee, for over 24 years.

Tags : Allahabad High Court, Cost on State for Delaying Payment of Post- Death Dues

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Kerala High Court Strikes Down Rule Mandating E-Payment of Wages(30.01.2020)

Kerala High Court has struck down Rule 21A (2) of the Kerala Minimum Wages Rules, 2019 which mandated the payment of wages electronically through bank.....

Tags : Kerala High Court, E- Payment of Wages

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Bombay HC Put Stay on Retrospective Roll-Out of New Bonus Payment Act(15.06.2016)

Bombay High Court has stayed the retrospective implementation of the recently amended Payment of Bonus Act in an ad interim verdict passed on 13th Jun.....

Tags : Bombay High Court, New Bonus Payment Act

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CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)

Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....

Tags : Central Board of Direct Taxes , TDS, Payment System Companies

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Central Government Amends GFRs Permitting Payment of 75% Arbitral Amount to Contractors(10.11.2021)

Central Government has amended the General Financial Rules, 2017 (GFRs), followed by the government departments and agencies, to give effect to a Cabi.....

Tags : Central Government, Payment of Arbitral Award to Contractors

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Kerala HC: Goods Can be Released on Payment of Fine in Lieu of Confiscation(03.12.2021)

Kerala High Court has held that the goods can be released on payment of the fine in lieu of confiscation during the process of adjudication and post-a.....

Tags : Kerala High Court, Payment of Fine in lieu of Confiscation

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SC Sets Aside NGT Order Directing Payment of Compensation to Deceased in Virudhunagar Blast(24.01.2022)

Supreme Court has set aside the National Green Tribunal's order directing the State of Tamil Nadu to pay 20 lakhs and Rs 15 lakhs compensation to the .....

Tags : Supreme Court, Payment of Compensation to Deceased in Virudhunagar Blast

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ITAT, Mumbai: Interest on Delay in Payment of Advancements Charged Only on Returned Income(27.01.2022)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that the interest on delay in payment of advancements shall be charged only on the returned inco.....

Tags : Income Tax Appellate Tribunal, Interest on Delay in Payment of Advancements

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Rajasthan HC: Insurance Company to Pay Compensation to Claimant First(27.01.2022)

Rajasthan High Court has upheld the decision of Motor Accident Claims Tribunal (MACT), Alwar which, while relying on the principle of pay and recover,.....

Tags : Rajasthan High Court, Payment of Compensation

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ITAT, Delhi: No TDS on Payment of External Development Charges Not Made Out of Statutory Liability(31.01.2020)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the Assessee is not required to deduct Tax Deducted at Source (TDS) as the payment of Extern.....

Tags : Income Tax Appellate Tribunal, TDS on Payment of External Development Charges

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Madras HC: Disbursal of Insurance Amount Ordered, Default in Payment of Premium not Intentional(22.01.2024)

Madras High Court while ordering disbursal of insurance amount to the family of policy holder has held that default in payment of premium was neither .....

Tags : Madras High Court, Disbursal of Insurance Amount, Default in Payment

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ITAT, Bangalore: Foreign Exchange Loss on Repayment of Borrowings is Revenue Expenditure(27.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has granted relief to Cafe Coffee Day and held that foreign exchange loss due to the reinstatement of .....

Tags : Income Tax Appellate Tribunal, Foreign Exchange Loss on Repayment of Borrowings

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P&H HC: HC Has Power to Grant Extension of Time for Completion of Loan Repayment Under OTS Scheme(23.02.2022)

Punjab and Haryana High Court has observed that the High Court has the power to grant an extension of time for completion of the loan repayment under .....

Tags : Punjab and Haryana High Court, Completion of Loan Repayment

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SC: Any Delay in Payment of EPF Contribution is Sine Qua Non from Imposition of Levy of Damages(24.02.2022)

Supreme Court has observed that any default or delay in the payment of EPF contribution by the employer is a sine qua non for imposition of levy of da.....

Tags : Supreme Court, Delay in Payment of EPF Contribution

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Madras HC: Non-Payment of Subsistence Allowance to Employee During Suspension Violative of Article 21(17.02.2020)

Madras High Court has emphasized that subsistence allowance cannot be denied to employees during the tenure of their suspension and has held that its .....

Tags : Madras High Court, Non-Payment of Subsistence Allowance

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Madras HC: Interest Should be Levied on Belated GST Cash Payments but Not on ITC(17.02.2020)

Madras High Court has held that the Goods and Services Tax (GST) could be levied on interest only on the cash component of the tax remitted belatedly .....

Tags : Madras High Court, Interest on GST Cash Payments

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ITAT, Bangalore: Belated Payment of Service Tax Collected Can be Allowed on Actual Payment(18.02.2020)

Income Tax Appellate Tribunal (ITAT), Bangalore has held that belated paid service tax collected to Government exchequer can be allowed on actual paym.....

Tags : Income Tax Appellate Tribunal, Belated Payment of Service Tax

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Rajasthan HC: Employee Must Receive Gratuity Under Statutory Regulations(31.01.2022)

Rajasthan High Court has observed that an employee must receive gratuity, either under the Payment Of Gratuity Act 1972 or under the Regulations frame.....

Tags : Rajasthan High Court, Payment of Gratuity to Employee

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#Economic Survey 2021-2022: Impact of Pandemic on Balance of Payments(31.01.2022)

India’s balance of payments remained in surplus throughout the last 2 years, allowing the Reserve Bank of India to keep accumulating foreign exchange .....

Tags : Economic Survey, Balance of Payments

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SC: Compensation to be Paid from Date of Accident and Not Date of Adjudication of Claim(01.02.2022)

Supreme Court has observed that interest on compensation under the Workmen's Compensation Act 1923, shall be paid from the date of the accident and no.....

Tags : Supreme Court, Payment of Compensation

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Notifications & Circulars

Pay IT dues in advance at RBI or at authorised bank branches - December 2016(02.11.2016)

The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also sta.....

Tags : Payment, IT dues, Advance

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Deferred Payment of Import Duty Rules, 2016(02.11.2016)

In exercise of the powers conferred by the proviso to sub-section (1) of sections 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Centra.....

Tags : Duty, Rules, Deferred payments

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Need to move towards a mindset of voluntary compliance and payment of legitimate taxes - Finance Minister(26.12.2016)

Payment of due tax is a responsibility of every citizen; Coordination between the Central and the State administration is important for smooth transit.....

Tags : Taxes, Payment, Voluntary Compliance

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India Post Payments Bank Limited commences operations(30.01.2017)

India Post Payments Bank Limited has commenced operations as a payments bank with effect from January 30, 2017. The Reserve Bank has issued a licence .....

Tags : Payments bank, Operation, Commencement

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Steps Taken to Encourage Use of Digital Payment at Petrol Stations(06.02.2017)

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that the Ministry of P.....

Tags : Digital payments, Promotion

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General guidelines for implementation of e-payment of excise refund and rebate(12.01.2016)

The Central Board of Excise and Customs has prescribed procedure for e-payment of refund and rebate. The procedure is hoped to speed transfer of funds.....

Tags : Excise, e-payment, refund, rebate, authorised banks

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Shri Giriraj Singh launches MSME Delayed Payment Portal - MSME Samadhaan(30.10.2017)

Union Minister of State (Independent Charge) Shri Giriraj Singh launched MSME Delayed Payment Portal - MSME Samadhaan (http://msefc.msme.gov.in) here .....

Tags : Payment Portal, MSME Samadhaan, Launch

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Cabinet approves introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament(12.09.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Payment of Gratuity (Amendment) Bill.....

Tags : Amendment, Gratuity, Payment, Approval

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Certain transitional issues arising with respect to payment of service tax after 30th June 2017(28.09.2017)

I am directed to refer to two such issues which have arisen in the above context and to state that these issues have been examined and the following c.....

Tags : Transitional issues, Service tax, Payment

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INR spend limit at duty free shops raised(06.07.2016)

The Ministry of Finance raised the ceiling for payments at duty free shops at international airports from Rs. 5000 to Rs. 25,000.

In 2005,.....

Tags : duty free shops, payments, indian rupee

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E-Pension Payment Order: New Step in the Right Direction(14.05.2018)

Furthering the Digital India-initiatives of Govt. of India, Principal Controller of Defence Accounts (Pensions), Allahabad has started issuance of ele.....

Tags : E-Pension, Payment Order, Issuance

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Single Card for Seamless Travel through different Metros and Other Transport Systems, National Common Mobility Card - India's First Indigenously developed Payment Platform launched by PM in Ahmedabad(05.03.2019)

One Nation, One Card for transport mobility was launched by Prime Minister Narendra Modi at a function in Ahmedabad yesterday. The Indigenous Automati.....

Tags : Single Card, Seamless Travel, Payment Platform, Launch

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IGST refunds-mechanism to verify the IGST payments for goods exported out of India in certain cases(17.06.2019)

The procedure for claiming IGST refunds is fully automated as provided under Instruction 15/2017-Cus dated 09.10.2017. It has come to the notice of th.....

Tags : Refunds-mechanism, Payments, Verification

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RBI clarifications for start-ups(11.02.2016)

The Reserve Bank of India has issued clarifications relating to acceptance of payments and issue of shares by start-ups. The Bank reiterates, variousl.....

Tags : start-up, payments, shares, clarifications

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Pay IT dues in advance at RBI or authorised bank branches(15.02.2016)

The Reserve Bank of India has authorized twenty nine agency banks to accept payments of income tax. The move hopes to reduce the heavy rush for remitt.....

Tags : Income tax, payment, agency banks, march

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ESIC Signs an Agreement with SBI for Payments To ESIC Beneficiaries on Real Time Basis(03.09.2019)

A Memorandum of Agreement has been signed between the Employees' State Insurance Corporation (ESIC) and SBI today in accordance with which, the SBI wo.....

Tags : Agreement, Payments, ESIC Beneficiaries

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IGST Refunds-Mechanism to verify the IGST payments for goods exported out of India in certain cases(27.08.2019)

In an earlier Board's earlier Circular 12/2018-Customs dated 29.05.2018, an interim solution was provided to tide over the difficulty faced by exporte.....

Tags : Refunds-Mechanism, Verification, IGST payments

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Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) - PPIs upto Rs. 10,000 with loading only from bank account(24.12.2019)

1. Please refer to the Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated December 5, 2019 as also t.....

Tags : Digital payments, PPI, Introduction

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Payments Bank and Small Finance Banks- access to Call/Notice/Term Money Market(29.10.2018)

1. A reference is invited to Master Direction No.2/2016-17, dated July 7, 2016 on Money Market Instruments. A reference is also invited to the Guideli.....

Tags : Payments Bank, Small Finance Banks, Access

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RBI releases framework for authorisation of pan-India Umbrella Entity for Retail Payments(18.08.2020)

Reserve Bank has today placed on its website, the 'framework for authorisation of pan-India Umbrella Entity for Retail Payments'. The framework has be.....

Tags : Framework, Authorisation, Retail Payments

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Judgments

A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)

Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....

Tags : Re-payment, loan, co-borrower, liability- joint & severable

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RBI publishes daily data of select payment systems(04.06.2020)

The Reserve Bank published settlement data of select payment systems. It captures volume and value of transactions undertaken in payments systems oper.....

Tags : Settlement Data, Payment systems, Publishing of

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Cabinet approves extension of repayment date for short term loans for agriculture and allied activities by banks(01.06.2020)

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to extend repayment date upto 31.08.2020 for Standard Short.....

Tags : Repayment date, Extension, Short term loans, Agriculture

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A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)

Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....

Tags : Re-payment, loan, co-borrower, liability- joint & severable

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Waiver of late fee paid under Section 47 of Central Goods and Services Tax Act, 2017 by the specified classes of taxpayers(04.09.2018)

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....

Tags : Late fee, Payment, Waiver

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Online Dispute Resolution (ODR) System for Digital Payments(06.08.2020)

1. This is with reference to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had a.....

Tags : ODR, Digital Payments, Introduction

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Value of work entrusted to sub-contractors or payments made shall not be taken into consideration while computing total turnover(05.09.2016)

Assessee was doing business of engineers and contractors and in this process it, executed projects under contracts with public sector undertakings, lo.....

Tags : Payment, Sub-contractor, Inclusion, Total turnover

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Digital Payment Transactions - Streamlining QR Code infrastructure(22.10.2020)

1.Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and s.....

Tags : Digital Payment, Transactions, QR Code

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Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees(29.10.2020)

In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for obs.....

Tags : Exemption, Payment, LTC fare

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Maintenance of regular savings bank account and availing services provided by Bank covered under definition of consumer(11.11.2016)

Issue in present case is relating to deficiency in service on part of Bank in denying payment of cheque and resultantly, financial loss had been cause.....

Tags : Penalty, Cheque, Payment

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Expanding and Deepening of Digital Payments Ecosystem(07.10.2019)

With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/UT Level Bankers Committees (SLBCs/UTLBCs) s.....

Tags : Expanding, Digital Payments, Ecosystem

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Permitting non-scheduled payments banks to register as bankers to an issue(03.08.2021)

1. SEBI vide notification dated July 30, 2021, amended the SEBI (Bankers to an Issue) Regulations, 1994 (BTI Regulations) thereby permitting such othe.....

Tags : Non-scheduled payments banks, Registration, Permission

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Failure to cross examine witness on material portions of deposition must be taken as being truthful and credible(07.12.2016)

Plaintiff had filed present suit for a summary decree in sum of Rs.1,49,50,000/- with interest @ 18% p.a. on amount of Rs.1,00,00,000/¬ from .....

Tags : Agreement, Dues payment, Dishonour

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Jurisdiction to Decree Specific Performance is Discretionary. Yet, Discretion of Court is Not Arbitrary but is “Sound and Reasonable”, to be “Guided by Judicial Principles”(21.02.2017)

Instant Appeal arises from a judgment rendered by a Single Judge of Madras High Court. Dismissing second appeal, Single Judge confirmed judgment of Pr.....

Tags : Payment, Specific performance

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Extension of date of direct tax payment in respect of third instalment of advance tax for FY 2019-2020(16.12.2019)

Considering the large-scale disruption of Internet Services in the North Eastern States-Assam, Tripura, Arunachal Pradesh, Meghalaya, Nagaland, Manipu.....

Tags : Extension, Date, Direct Tax payment

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Furthering digital payments - Waiver of charges - National Electronic Funds Transfer (NEFT) system(16.12.2019)

A reference is invited to RBI circulars DPSS CO (EPPD)/98/04.03.01/2012-13 dated July 13, 2012 on National Electronic Funds Transfer (NEFT) System - R.....

Tags : Digital Payments, Waiver, Charges

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RBI imposes monetary penalty on two Payment System Operators(20.10.2021)

The Reserve Bank of India (RBI) had, by an order dated October 01, 2021, imposed a monetary penalty of Rs.1 crore (Rupees one crore only) on Paytm Pay.....

Tags : Penalty, Imposition, Payment System Operators

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Eviction can be claimed on ground of default in payment of rent(22.05.2017)

Instant appeal is against judgment passed in eviction wherein suit filed by Respondent herein/Plaintiff was decreed holding that, Plaintiff was entitl.....

Tags : Rent, Payment, Default, Eviction

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Non-payment of service tax by way of advancement of Yoga provided by entities registered under section 12AA of Income-tax Act, 1961(26.09.2016)

Whereas, the Central Government is satisfied that in the period commencing on and from the first day of July, 2012 and ending with the 20th day of Oct.....

Tags : Yoga, Advancement, Levy, Non-payment

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Reserve Bank of India launches UPI for Feature Phones and 24x7 Helpline for Digital Payments(08.03.2022)

The Reserve Bank has launched two key initiatives today - (1) UPI123Pay - Option to make Unified Payments Interface (UPI) payments for feature phone u.....

Tags : Launch, UPI, Digital payments

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Insurance Company cannot repudiate claim in toto in case of loss of vehicle due to theft(13.07.2017)

Challenge in present Revision Petition under Section 21(b) of Consumer Protection Act, 1986 is to order passed by Maharashtra State Consumer Disputes .....

Tags : Compensation, Payment, Direction, Validity

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For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)

In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....

Tags : Excess credit, Interest, Payment

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Promotion of Digital and IT based payment of fees through FASTag(03.09.2020)

Ministry of Road Transport and Highways has notified draft notification GSR 541 (E) dated 1st September, 2020 to seek comments and suggestions from th.....

Tags : Promotion, Digital, Payment of fees

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Central Government makes amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 73/2017-Central Tax, dated the 29th December, 2017(26.05.2022)

In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recomm.....

Tags : Amendments, Notification, Fee payment

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Municipal taxes would be a part of the "rent" payable by tenant to landlord(09.08.2018)

Present appeal by special leave by the landlord is against the order passed by the Calcutta High Court. Proceeding were under the West Bengal Premises.....

Tags : Municipal taxes, Payment, Obligation

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Regulation of Payment Aggregators - Timeline for submission of applications for authorisation - Review(28.07.2022)

1. Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-.....

Tags : Regulation, Payment Aggregators, Timeline

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Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949(31.01.2024)

1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, .....

Tags : Paytm Payments Bank, Direction

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Bank cannot refuse any payment which is made by a loanee of outstanding amount(19.06.2018)

The appeal has been preferred against the order passed by the learned single Judge, who has exonerated the private Respondent from making further paym.....

Tags : Outstanding dues, Interest, Payment

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Claimant cannot maintain a claim on basis of his own fault or negligence(31.08.2018)

National Insurance Co. Ltd. has filed present appeal challenging the judgment whereby the High Court has directed the Appellant-insurer to pay the com.....

Tags : Compensation, Payment, Direction, Validity

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Guidelines on Regulation of Payment Aggregators and Payment Gateways(17.03.2020)

1. This has reference to Reserve Bank of India (RBI) circular DPSS.CO.PD.No.1102/02.14.08/2009-10 dated November 24, 2009 on 'directions for opening a.....

Tags : Guidelines, Payment Aggregators, Payment Gateways

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Restraining of Unauthorized Payment System(15.02.2024)

1. It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through cer.....

Tags : Restraining, Unauthorized, Payment System

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State Government is liable to make the payment of electricity and water bills in respect of hotels/accommodations, occupied by security forces(31.08.2018)

The simple and short grievance of the petitioners in these petitions is that, although their hotels came to be occupied by the security forces from 19.....

Tags : Charges, Payment, Liability

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Direction as to non-payment customs duty on wearable goods specified in Notification 11/2022 dated 1st February 2022(24.01.2024)

WHEREAS wearable goods of the description as specified in column (3) of Notification 11/2022-Customs dated 1st February 2022 of the Government of Indi.....

Tags : Duty, Payment, Import

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Railway administration is not liable to pay compensation, if passenger dies or suffers injury due to- suicide or attempted to suicide by him or self-inflicted injury(21.11.2018)

The Applicant has filed present claim petition under Section 16 of the Railway Claims Tribunal Act, 1987 seeking compensation for an amount of Rs. 4,0.....

Tags : Compensation, Payment, Exemption

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When no order of punishment had been imposed, gratuity by way of punishment cannot be withheld(17.12.2018)

The present appeal has been preferred against the order, whereby the learned single Judge has declined to pass an order for payment of full gratuity w.....

Tags : Gratuity, Payment, Direction

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RBI cautions public against prepaid payment instruments (non-closed) issued by unauthorised entities(22.02.2022)

It has come to the notice of Reserve Bank of India (RBI) that sRide Tech Private Limited, a company having its registered office at 1201, Tower-7, Clo.....

Tags : Prepaid payment instruments, Un-authorised entities, Caution

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Natural calamity - relaxation of grace period for payment of renewal premium in the State of Kerala and flood affected districts of Karnataka(29.08.2018)

It has come to the notice of the Authority that due to recent heavy rains and floods in the state of Kerala and Karnataka, normal life has been severe.....

Tags : Natural calamity, Relaxation, grace period, Payment, Renewal premium

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Teacher is not an employee, he/she is not entitled to claim any gratuity amount from his employer under the Payment of Gratuity Act, 1972(07.01.2019)

This appeal is directed against the final judgment passed by the High Court whereby the Division Bench of the High Court dismissed the LPA filed by th.....

Tags : Gratuity, Payment, Direction

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Authority has the power to impose the penalty, once breaches alleged against employer are proved(07.01.2019)

Two persons, filed their claim petitions before the competent authority under the Minimum Wages Act, 1948 ("the Act") against the Appellant. In these .....

Tags : Wages, Payment, Direction

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Clarification on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization"(29.11.2016)

Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25th November, 2016 on "Extension of grace period for payment of renewal .....

Tags : Renewal premium, Payment, Extension, Time period

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Card Not Present transactions - Relaxation in Additional Factor of Authentication for payments upto Rs. 2000/- for card network provided authentication solutions(06.12.2016)

Reserve Bank of India has been taking a number of initiatives with the involvement of all stake holders to enhance safety and efficiency of the retail.....

Tags : Relaxation, Payments, Authentication, Card network

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Deferred Payment of Import Duty (Amendment) Rules, 2020(19.08.2020)

In exercise of the powers conferred by proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Gov.....

Tags : Deferred Payment, Import Duty, Rules

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Relaxation in paying additional fees in case of delay in filing all the event based e-forms by LLPs which are due on and after 25th February, 2022 to 31st May, 2022 up to 30th June, 2022(31.05.2022)

1. This Ministry has received representations seeking extension of timelines for filing the event based forms by LLPs without paying additional fees i.....

Tags : Relaxation, Additional fees, Payment

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Where a power is given to do a certain thing in a certain way, it must be done in that way or not at all(03.12.2018)

The Petitioner has prayed for setting aside the extract of the meeting minutes of the Micro & Small Enterprise Facilitation Council held on 12th march.....

Tags : Payment, Direction, Validity

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When Financial Creditor was pursuing its remedies in proper forum, there was continuous cause of action existed and debt cannot be considered as time barred(06.09.2019)

In facts of present case, Edelweiss Asset Reconstruction Company Limited, assignee of debt from original lender - UCO Bank (Assignor), filed Company P.....

Tags : Payment, Enforcement, Maintainability

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Master Directions on Issuance and Operation of Prepaid Payment Instruments in India(20.03.2017)

As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing policy guidelines on Issuance and Operatio.....

Tags : Direction, Pre-paid payments, Operations

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Making Digital Payments a Mass Movement in India, Nearly 10 lakh Citizens Get Reward Money Over Rs.153.5 Crore for Embracing Digital Payments(21.02.2017)

It has been 58 days since the launch of NITI Aayog's two incentive schemes - Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital paymen.....

Tags : Digital payments, Movement, Reward

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Reserve Bank of India releases Discussion Paper on Charges in Payment Systems(17.08.2022)

1. As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank of India (RBI) has today released .....

Tags : Discussion Paper, Charges, Payment Systems

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Chit foreman authorized to recover amount of future subscription from defaulting subscriber(06.11.2019)

The issue which has arisen for consideration in the present Civil Appeal is with respect to the jural relationship between a chit fund entity and the .....

Tags : Defaulting subscriber, Payment, Recovery

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Determination regarding non-payment of sum by the employer in relation to his employees as the further sum payable by the employer every month to the Deposit-Linked Insurance Fund(15.03.2017)

In exercise of the powers conferred by clause (a) of sub-section (4) of section 6C of the Employees' Provident Funds and Miscellaneous Provisions Act,.....

Tags : Employer, Non-payment, Determination

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Measures for Promoting Digital Payments and Creation of Less-Cash Economy: Benefit of lower rate of Income Tax on digital turnover for small businesses(20.12.2016)

The benefit of lower rate of Income-tax on digital turnover for small businesses up to a turnover of Rs.2,00,000,00 (Rupees Two Crore), announced by t.....

Tags : Digital payments, Measure, Promotion

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Date of filing of affidavit is not starting point from when workman would become entitled to receive last drawn full wages(05.11.2019)

The grievance of the Appellant, who appears in person, is that under Section 17B of Industrial Disputes Act, 1947, he was entitled to payment of the l.....

Tags : Wages, Payment, Right to receive

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Imprisonment in default of payment of fine awarded on an accused in different cases cannot be ordered to run concurrently(20.03.2020)

The question that arises for consideration in this petition is, whether imprisonment in default of payment of fine awarded on an accused in a case can.....

Tags : Fine, Payment, Default

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RBI grants "in-principle" approval to 11 Applicants for Payments Banks(19.08.2015)

The Reserve Bank of India granted "in-principle" approval to 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Ban.....

Tags : Rbi, payments banks, approved, guidelines

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Payment of fees to the Insolvency and Bankruptcy Board of India(24.11.2022)

1. The Board has recently amended its following regulations, vide which it has effected revision of existing fee structure along with relevant forms, .....

Tags : Payment, fees, Board

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EPFO beneficiaries to get payment through electronic or digital fund transfer system(18.05.2017)

The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefit.....

Tags : EPFO beneficiaries, Payment, Digital fund transfer system

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Duty of state is to voluntarily pay gratuity amount to employee rather than to force him to approach court to get his genuine claim(23.03.2018)

Present appeal is against the final judgment passed by the High Court of whereby the High Court dismissed the appeal filed by the Appellant herein and.....

Tags : Gratuity, Payment, Direction

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Railway cannot deny liability to pay amount of compensation, even if passenger died or injured due to his own negligence(17.01.2020)

In present case, the Tribunal came to the conclusion that, deceased fell down due to his own negligence and, therefore, claimant is not entitled for c.....

Tags : Compensation, Payment, Liability

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RBI invites Applications for authorising Bharat Bill Payment System Operating Units(20.10.2015)

Reserve Bank of India has invited applications for authorization from entities engaged in bill payments and wishing to operate as a ‘Bharat Bill Payme.....

Tags : Repetitive, bill, payments, authorisation

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Applications of Online Payment Aggregators received under the Payment and Settlement Systems Act, 2007 - Status(15.02.2023)

With a view to bringing entities undertaking online payment aggregation business within the regulatory fold, Reserve Bank of India (RBI) has issued ci.....

Tags : Applications, Online Payment, Aggregators

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Interest alone cannot be construed as operational debt(11.02.2020)

Present appeal emanates from the order passed by the Adjudicating Authority on the application filed under Section 9 of the Insolvency and Bankruptcy .....

Tags : Delayed payment, Interest, Operational Debt

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The principle of 'No Work No Pay' cannot be made applicable in extraordinary circumstances prevailing in the country due to the pandemic of COVID-19(12.05.2020)

By present petition, the Petitioner Union has made a grievance that, after the lock-down has been effected and though the members of the Petitioner Un.....

Tags : Wages, Payment, Direction

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Import-export payments facilitated by OPGSP(24.09.2015)

Reserve Bank of India has permitted AD Category-1 banks to offer the facility of repatriating import related remittances, in respect of import of good.....

Tags : Bank, import, remittance, online payment

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Inclusion of "India Post Payments Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934(03.07.2019)

We advise that the "India Post Payments Bank Limited" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notificatio.....

Tags : Post Payments, Bank, Inclusion

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Payment of Service Tax by Department of Posts and Ministry of Railways by way of book adjustment(21.03.2023)

1.Board had earlier noted that the practice of payment of Service tax by way of book adjustment adopted by the Department of Posts and the Ministry of.....

Tags : Payment, Service Tax, Book adjustment

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Instructions to stop the facility of re-payment of loan taken against the insurance policy through Credit Card(04.05.2023)

1. The Authority has decided to stop the facility of re-payment of loans taken against the insurance policy using credit card as a mode of payment. Ac.....

Tags : Instructions, Re-payment, Loan

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Relaxation in paying additional fees in case of delay in filing DPT-3 for Financial Year ended on 31st March 2023 up to 31st July 2023(21.06.2023)

1. Due date for filing Form DPT-3 (Return of deposits) is 30th of June 2023 for the Financial Year ended on 31st March 2023. Keeping in view the trans.....

Tags : Relaxation, Payment, additional fees

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A nominee is only a Trustee holding the amount on behalf of the actual beneficiaries and does not have any vested right or interest in the same(09.12.2020)

In facts of present case, during the life time of the deceased Ramakrishnan, he had taken two insurance policies with the first Respondent. He had bee.....

Tags : Insurance amount, Payment, Direction

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Deferred Payment of Import Duty (Amendment) Rules, 2023(03.08.2023)

In exercise of the powers conferred by proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962 (52 of 1962), the Central Gov.....

Tags : Deferred Payment, Import Duty, Rules

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Baggage Rules, 2016(01.03.2016)

The Central Board of Excise and Customs notified Baggage Rules, 2016 superseding Rules of 1998. The Rules provide limits on quantities of articles tha.....

Tags : baggage, customs, payment of duty

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RBI seeks feedback on concept paper on Card Acceptance Infrastructure(08.03.2016)

The Reserve Bank of India is inviting comments on its read»

Pawnor, if not otherwise liable for the debt as a borrower or as a guarantor, does not merely from the act of pledging, become liable to pawnee, for anything more than the value of goods pledged(20.07.2021)

The legal question arising for consideration, in present writ petition under Article 226 of the Constitution of India, is, whether by virtue of Sectio.....

Tags : Debt, Payment, Liability

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Dispute could not be raised by way of a writ petition on the disputed questions of fact(06.09.2021)

The challenge in the present appeal is to an order passed by the Division Bench of the High Court dismissing an intra-court appeal and affirming the o.....

Tags : Agreement, Payment, Direction

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Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators(17.09.2019)

Reserve Bank has today placed on its website a discussion paper on 'Guidelines for Payment Gateways and Payment Aggregators' for public comments. In t.....

Tags : Discussion Paper, Guidelines, Payment Gateways

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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR(27.10.2016)

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 79 dated June 30, 2016 wherein the Rupee .....

Tags : Deferred payments, Protocols

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Valuation of tobacco and tobacco products for the purposes of payment of Basic Excise Duty and National Calamity Contingent Duty (NCCD)(01.02.2022)

1.Representations have been received seeking clarification on the manner of computation of valuation, after admissible abatement, for the purposes of .....

Tags : Valuation, Payment, Excise Duty

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Advance Discharge Voucher(12.07.2016)

The Insurance Regulatory Authority of India tightened instructions for life insurers that issue advance discharge vouchers.

It now require.....

Tags : Advance discharge, life insurance, payment

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Even in absence of specific letter for payment of duty under protest, the payment of duty for which refund sought can be treated under protest(02.12.2021)

The issue involved in the present case is that whether the Appellant's refund claim is hit by limitation and whether in absence of any specific letter.....

Tags : Duty, Payment, Refund

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Courts can pass an injunction in respect of payments under Letter of Credit only in cases of 'egregious fraud and irretrievable injustice'(17.01.2022)

By way of the present application under Order XXXIX Rule 1 & 2 of the Code of Civil Procedure, 1908 (CPC), the Plaintiff seeks restraint order against.....

Tags : Payment, Injunction, Grant

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Ninety days period provided for making the deposit is the maximum period under which the Auction Purchaser had to make the deposit(12.05.2022)

Present Appeal has been filed against the Order passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi,). The Adjudicating Aut.....

Tags : Payment, Failure, Time period

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Re-appreciation of the evidence on record by the High Court in exercise of powers under Articles 226/227 of the Constitution of India is not permissible(20.05.2022)

The Appellant - SBI - employer has preferred the present appeal against the impugned judgment passed by the High Court by which the High Court has con.....

Tags : Payment, Direction, Legality

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Unless the disability is attributable to or aggravated by military service and is more than 20%, the entitlement to disability pension does not arise(18.07.2022)

The Appellants, Union of India and three others, have taken an exception to the judgment and order of the Armed Forces Tribunal. By the impugned judgm.....

Tags : Disability pension, Payment, Direction

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Leave Travel Concession has to be availed by an employee within certain limitations, prescribed by the law; LTC is not for a foreign travel(04.11.2022)

The Appellant (State Bank of India) has challenged the judgement passed by a Division Bench of the High Court which has dismissed the appeal filed by .....

Tags : Payment, LTC, Tax deduction

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Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)

Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had spe.....

Tags : Interest Rate, Payment, Operational Guidelines

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Rule 173G payment from CENVAT Account(06.08.2015)

The Supreme Court held in favour of an Assessee claiming payment from its CENVAT Account could be counted towards demand under Rule 173G of the Centra.....

Tags : excise, cenvat, duty, payment

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Appellant cannot be punished for not doing something which was impossible for it to do(05.01.2023)

The original writ Petitioner has preferred the present appeal feeling aggrieved with the impugned judgment passed by the High Court by which the High .....

Tags : Payment, Scheme, Direction

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When a statute provides for liquidation commencement date as a date up to which claims can be filed and proved, no claim thereafter can be entertained by the Liquidator(06.02.2023)

Present Appeal has been filed challenging the Order passed by the National Company Law Tribunal, in application filed by the Liquidator which Applicat.....

Tags : Payment, Direction, Legality

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Liability to pay advance tax arises only on the accrual of income in the hands of the assessee and not prior(11.07.2023)

The relevant facts in this case are that the assessment proceedings in assessee’s case for A.Y. 2014-15 were completed on. Thereafter, the AO had issu.....

Tags : Interest, Payment, Liability

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Insurer must give cogent and satisfactory reasons for not accepting surveyor’s report(17.05.2023)

The aggrieved Appellant-Insurance Company has filed the present appeal under Section 23 of the Consumer Protection Act, 1986 challenging the judgment .....

Tags : Payment, Direction, Legality

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Once the appointment has been declared illegal and void ab initio, a person cannot legally continue in service(22.08.2023)

The writ petition was filed by the Appellant in the High Court in the year 2008 praying for release of her salary from 12th March, 2001 onwards. It wa.....

Tags : Appointment, Salary, Payment

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When the substantial control remains with the contractor and is not handed over to the user, it can’t be termed as sale and Sales Tax or VAT can’t be applied(09.01.2024)

Present group of appeals concerns the liability to pay tax under the Assam General Sales Tax Act, 1993 ('the Sales Tax Act') and the Assam Value Added.....

Tags : Payment, Provision, Applicability

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Date of issuance of the policy would be the relevant date and not the date of proposal or the date of issuance of the receipt(03.01.2024)

The challenge in present appeals is to the orders passed by the National Consumer Disputes Redressal Commission, whereby the revision filed by the App.....

Tags : Sum assured, Liability, Payment

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When duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback(05.02.2024)

In present matter, Respondent is a class-I contractor specializing in the field of civil contract works especially funnelling and hydro electric power.....

Tags : Interest, Payment, Direction

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Assessee would not be under a legal obligation to deduct tax at source on the income/profit component in payments received by distributors/franchisees from third parties/customers(28.02.2024)

The issue relates to the liability to deduct tax at source under Section 194-H of the Income Tax Act, 1961 on the amount which, as per the Revenue, is.....

Tags : TDS, Liability, Payment

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Empty packaging material of cenvatable input is not liable for payment either as excise duty or as cenvat credit(24.06.2022)

The issue involved in the present case is that whether the Appellant is required to pay an amount of 6% in terms of 6(3) of the Cenvat Credit Rules, 2.....

Tags : Cenvatable input, Payment, Liability

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Insurer is liable to pay interest in case of delay beyond the timeline prescribed in Regulation(04.04.2019)

Present Petition under Article 226 of the Constitution of India, seeks a writ of mandamus to Respondent No. 1- Life Insurance Corporation of India (LI.....

Tags : LIC Policy, Payment, Delay, Interest

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Concept of notional valuation is not susceptible to monetary valuation(31.07.2017)

In present case, issue pertains to payment of Court fees under Maharashtra Court Fees Act. Plaintiffs i.e., Respondents, have filed respective suits f.....

Tags : Valuation, Court fees, Payment

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Unless otherwise agreed by parties, Arbitral Tribunal can award interest at reasonable rate for a period commencing from the date when the cause of action arises till the date of the award(22.04.2021)

The Appellants were awarded a contract by the State of Kerala for upgradation of a State Highway for two stretches, from Muvattupuzha-Thodupuzha and M.....

Tags : Interest, Delayed payment, Entitlement

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Machinery provision which enables the Assessee to avail concession or benefit conferred by substantive provision in the Act need to be construed liberally(05.09.2017)

In facts of present case, The Appellant is the owner of the premises. It consists of two-storey building and some land appurtenant thereto ("the premi.....

Tags : Valuation, Premises, Tax, Payment

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An auction purchaser cannot be called upon to clear past arrears(27.07.2017)

In the facts of present case, City Union Bank Limited, Second Respondent issued a tender/sale notice under Securitisation and Reconstruction of Financ.....

Tags : Past arrears, Previous owner, Payment

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Interim relief paid by the Employer to its employees is not a "gift" or "inam", but is a part of wages(21.09.2017)

The judgment passed in Insurance Appeal by the High Court of Kerala is called in question in present appeal. By the impugned judgment, the High Court .....

Tags : Interim relief, Payment, Nature

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A claimant for compensation ought not to be burdened with following a trail of successive transfers, which are not registered with registering authority(06.02.2018)

In instant case, an accident took place. By its award, the Tribunal granted compensation. The Tribunal noted that, the registration certificate of the.....

Tags : Compensation, Payment, Liability

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Arbitral Tribunal is under a statutory duty to state reasons for its conclusion(20.02.2020)

In facts of present case, a tender was issued by Appellant for the work of detailed Design, Engineering, Financing, Procurement, Construction, Operati.....

Tags : Award, Payment, Direction, Legality

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