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Archive: March, 2022

Posts in March, 2022

More than 37,000 users joined UPI123Pay since its launch on 8.3.2022

March 29, 2022 408 Views 0 comment Print

Various steps have been taken by Reserve Bank of India (RBI) to expand the reach of UPI outside India. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Lok Sabha today.

India’s aim is to become world’s largest Startup destination

March 29, 2022 831 Views 0 comment Print

Today we are the third largest Startup ecosystem, but our aspiration is to be the world’s number one startup destination. The Startup bug has caught India’s imagination. The entire innovation ecosystem that the Startup industry represents is giving a new direction, new momentum to India

An analysis of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme, 2022

March 29, 2022 11928 Views 0 comment Print

Government of Maharashtra has proposed to introduce an amnesty scheme to be called as Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee 2022

Conversion of Private Company into Public Company

March 29, 2022 90699 Views 0 comment Print

Running a private Limited Company has its own benefits and limitations as well. When a brand decides to go huge, then having a Public company comes as a first thought in the managements mind. You will feel why ? Let me tell you with the following examples :- 1) A Private Company has a limitation […]

Issuance of orders of provisional GST attachment and restoration thereof on BO System

March 29, 2022 1722 Views 0 comment Print

It is hereby instructed that from 01st April, 2022 the provisional attachment orders in DRC-22 and restoration order in DRC-23 shall be only be issued on BO system.

Changes in Companies Act, 2013 you must know – Part III

March 29, 2022 6477 Views 0 comment Print

In Part I and II of the article we discussed Amendment for use of Accounting Software having Audit Trail, Amendments for the preparation of Financial Statements (Schedule III), Applicability of the CARO 2020, Amendments in Auditor’s Report, Amendments in definition of Small company, Amendments related to One Per and Amendments applicable to OPC and Small Company. In this Article […]

Weekly newsletter from Chairman, CBIC dated 28/03/2022

March 28, 2022 855 Views 0 comment Print

One can’t connect the dots looking forward; one can only connect them looking backward. So we have to trust that the dots will somehow connect in our future. You have to trust in something — your gut, destiny, life, karma, whatever just never stop learning and exploring.

Extension of timelines for sale & renewal of short term Covid specific health insurance policies

March 28, 2022 879 Views 1 comment Print

Corona Kavach Policies offered as per Guidelines on Covid Standard Indemnity based Health Policy and Corona Rakshak Policies offered as per Guidelines on Covid Standard benefit based Health Policy are permitted to be offered and renewed by all insurers up to 30.09.2022.

All about Virtual ID (VID) of Aadhaar number holder

March 28, 2022 7287 Views 0 comment Print

Q.1 What is the expiry period of VID? Ans. At this time there is no expiry period defined for VID. VID will be valid till the time a new VID is generated by the Aadhaar number holder. Q.2 Will re-generation of VID lead to the same VID or a different VID? Ans. After the minimum […]

No prohibition under Rule 9 of Central Excise Rules, 2002 on issue of two registration certificates for one and same premises

March 28, 2022 1317 Views 0 comment Print

Commissioner of Central Excise Vs Jain Irrigation Systems Ltd (CESTAT Mumbai) First and foremost point to be considered is that whether Rule 9 of the Central Excise Rules, 2002 prohibits issue of two registration certificates for one and the same premises that formed the basis of the adjudication order? On a bare reading of Rule […]

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