Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
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The SEBI circular dated April 23, 2024, extends cross margin benefits for offsetting positions with different expiry dates. Spread margins of 40% for correlated indices and 35% for index and constituents are introduced. The benefit is revoked on the expiry day of the first position to expire. Exchanges must monitor cross margin activities. Effective in three months, the circular is issued u/s 11(1) of the SEBI Act to safeguard investor interests and regulate the securities market.
The SEBI circular dated April 23, 2024, extends cross margin benefits for offsetting positions with different expiry dates. Spread margins of 40% for correlated indices and 35% for index and constituents are introduced. The benefit is revoked on the expiry day of the first position to expire. Exchanges must monitor cross margin activities. Effective in three months, the circular is issued u/s 11(1) of the SEBI Act to safeguard investor interests and regulate the securities market.
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