"06 July 2022" Archive

RBI includes Unity Small Finance Bank Limited in Scheduled bank list

RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23 06/07/2022

It is advised that Unity Small Finance Bank Limited has been included in Second Schedule to Reserve Bank of India Act, 1934 ...

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SEBI directs QRTAs to report Cyber-attacks, threats, cyber-incidents

Circular No. SEBI/HO/MIRSD/TPD/P/CIR/2022/96 06/07/2022

All Cyber-attacks, threats, cyber-incidents and breaches experienced by QRTAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents....

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Summary of GST Notification issued dated 5th July 2022

CBIC has issued notifications on 5th July giving effect to the recommendations of the GST Council for exemptions in compliances, extension of due dates, and bringing into effect certain provisions of the Finance Act 2022 along with the amendments in the CGST Rules. Also Read: Recommendations of 47th GST Council Meeting Notification No 09...

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Posted Under: Fema / RBI |

How to deal with Section 148 & Section 148A Income Tax Notices

How To Deal With Notices under Section 148A And under section 148 of Income Tax Act, 1961 As Amended By Finance Act, 2022 INTRODUCTION Finance Act, 2021 introduced major changes to the provisions of reopening of assessment of an assessee for previous assessments years. Erstwhile Sections 147 to 151 were replaced with amended Sections 147,...

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Posted Under: Fema / RBI |

Updated Format of Form DIR-2-Consent to act as Director of Company

Format of Form DIR-2-Consent to act as Director of Company- Updated Format w.e.f. 01.06.2022 Form DIR-2 Consent to act as a director of a company  [Pursuant to section 152(5) and rule 8 of Companies (Appointment and Qualification of Directors) Rules, 2014] To (Company Name and Address) Subject: Consent to act as a director. I (Name [&hel...

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Posted Under: Fema / RBI |

47th GST Council Meeting recommendations & Notifications

47th GST Council Meeting  and made certain decisions & recommendations  on 28th & 29th of June,2022 under GST Law,2017- Also Read: Recommendations of 47th GST Council Meeting Dear Colleagues, Greetings of the day. I have received suggestions and requests from our friends to prepare an article on GST Council recommendation made ...

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Posted Under: Fema / RBI |

Arihant Superstructures Ltd not passed ITC benefit to Buyers: NAA

Pramod Agarwal Vs Arihant Superstructures Limited (NAA)

Pramod Agarwal Vs Arihant Superstructures Limited (NAA) The Authority finds that the Applicant no. 1 is an interested party and has complained regarding non passing on of benefit of ITC in relation to a specific Unit i.e. Flat no. 4-301 in Tower Benicia. This Authority holds that, the said Applicant no. 1 has locus standi […]...

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NY Cinema guilty of not passing ITC benefit to Customers: NAA

Director General of Anti-Profiteering Vs NY Cinema LLP (NAA)

Director General of Anti-Profiteering Vs NY Cinema LLP (NAA) The main issues to be examined was whether the GST rate on Services by way of admission to exhibition of cinematograph films where price of admission ticket was above one hundred rupees were reduced from 28% to 18% and “Services by way of admission to exhibition […]...

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Notifications effecting recommendations of 47th GST Council Meeting

A flurry of notifications has been issued on 05.07.2022 by the CBIC to give effect to some of the recommendations of the 47th GST Council Meeting held in Chandigarh on 29th & 30th June, 2022. Summary of the same is hereunder:   Notification No. 10/2022 – Central Tax has been issued to notify that the registered person whose ag...

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Posted Under: Fema / RBI | ,

Initial Funding for the Startups in India

In the current time India have many startup companies or ventures are come up with their innovative ideas and it is most helpful in the growing economy of our country. We all know that the finance is the life blood oaf any business or ventures. In case the ventures is self-funded there can be no […]...

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Posted Under: Fema / RBI |

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