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Archive: 13 April 2022

Posts in 13 April 2022

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4701 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4134 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

PFRDA (Employees’ Service) (Amendment) Regulations, 2022

April 13, 2022 1308 Views 0 comment Print

1. These regulations maybe called the Pension Fund Regulatory and Development Authority (Employees’ Service) (Amendment) Regulations, 2022. 2. These regulations shall come into force on the date of their publication in the Official Gazette.

Liquor License Fee Not Liable to GST

April 13, 2022 19650 Views 0 comment Print

Understanding the tax implications of liquor license fees under GST. Find out if liquor license fees are liable to GST and how it impacts businesses.

Cabinet approves Bilateral MOU between SEBI & Manitoba Securities Commission, Canada

April 13, 2022 372 Views 0 comment Print

Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada. Benefits: The MoU, inter alia, […]

DGFT relaxes compliance requirement related to EPCG Scheme

April 13, 2022 6036 Views 0 comment Print

With a view to enhance ease of doing business and reduce the compliance burden, certain provisions of Chapter 5 related to the Export Promotion Capital Goods Scheme of the Handbook of Procedures (2015-20) are amended for EPCG authorizations issued under Foreign Trade Policy (2015-20). GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE […]

Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC

April 13, 2022 378 Views 0 comment Print

International Finance Services Centres Authority (IFSCA) constituted Expert Committee on Longevity Finance, co-chaired by Ms. Kaku Nakhate, Country Head (India), Bank of America and Mr. Gopalan Srinivasan, Ex-CMD, New India Assurance Co. Ltd. submitted its final report to Chairperson, IFSCA on 12th April 2022. The committee examined emerging trends in Longevity Economy globally and observed that […]

Ready to Eat’ Popcorn Sold In Retail Packages Attracts 18% GST: AAR

April 13, 2022 2019 Views 0 comment Print

Understanding the impact of GST on ready-to-eat popcorn sold in retail packages. Learn about the classification and taxation of this popular snack.

Annual updation/modification of IEC is now mandatory

April 13, 2022 83223 Views 5 comments Print

IEC(Import Export Code) is a mandatory identification document for carrying out any import/export activity in the Country. A business cannot make any import/export supply until and unless IEC has been obtained except under expressly provided exemptions. Earlier after making an application for IEC, a separate identification number used to be issued by the department. But […]

Accounting software must provide an audit trail feature by 1st April 2023

April 13, 2022 8088 Views 0 comment Print

By April 1, 2023, It is mandated that accounting software must provide an audit trail feature The government’s notification on the audit trail Companies have been granted a year to adopt the Ministry of Corporate Affairs’ most recent accounting software upgrade, which allows them to use the audit trail (edit log) feature. According to a […]

Arbitration clause in Tax invoice can not be considered as a valid Arbitration Agreement

April 13, 2022 6225 Views 1 comment Print

Concrete Additives and Chemicals Pvt. Ltd. Vs S N Engineering Services Pvt. Ltd. (Bombay High Court) Mr. Menon’s contention that the tax invoices have been accepted by the respondent and therefore it is required to be presumed that there is an arbitration agreement between the parties also cannot be accepted. The acceptance of the tax […]

Atal Innovation Mission

April 13, 2022 2469 Views 0 comment Print

In the year 2016, ‘Atal Innovation Mission’ was set up by NITI [National Institution of Transforming India] Aayog. It is a Government of India initiative. Basically, it is developed with an aim to promote a culture of entrepreneurship as well as innovation across the country at various schools; research institutions; MSME; universities; etc. The current […]

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