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Archive: 07 July 2022

Posts in 07 July 2022

Taxing Hospital Rooms: More Problems for Minuscule Tax Collection

July 7, 2022 2583 Views 0 comment Print

Explore the complexities and concerns arising from the recent decision to tax non-ICU hospital room charges exceeding Rs. 5000 per day at 5%, as discussed in the 47th GST Council meeting. Understand the potential impact on healthcare services, billing practices, and compliance challenges.

GSTN advisories does not carry any legal binding on CBIC- RTI Reply

July 7, 2022 6744 Views 0 comment Print

GSTN can issue advisory in respect of IT process designed for return filing process.  Further as the issue pertains to IT process design for filing process, the requirement of approval is not applicable.

Advisory for Anonymised Escalation Mechanism under Faceless Assessment

July 7, 2022 1320 Views 0 comment Print

ICEGATE registered users are required to contact the ICEGATE Helpdesk team on the toll free number 1800-3010-1000 to avail the functionality of Anonymised Escalation Mechanism under Faceless Assessment.

Listed companies to file quarterly Investor Complaints Report with SEBI

July 7, 2022 2922 Views 0 comment Print

Listed entity shall file with the recognized stock exchange(s) on a quarterly basis, within twenty-one days from the end of each quarter

SEBI Cautions against fraudulent calls/e-mails/messages about refund of money

July 7, 2022 474 Views 0 comment Print

SEBI noticed that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.

Amendment in registration time period of Steel Import Monitoring System

July 7, 2022 13056 Views 0 comment Print

The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished. Notification No. 19/2015-2020 | Dated: 7th July, 2022 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade, New Delhi Notification No. 19/2015-2020 | Dated: 7th […]

SOP prohibiting import of mobile phones with duplicate/fake IMEI

July 7, 2022 1932 Views 0 comment Print

SOP for Implementation of Central Government notification prohibiting import of mobile phones with duplicate, fake and non-genuine International Mobile Equipment Identity (IMEI)

Excisability of waste/residue – CBIC withdrawn Circular No. 1027/15/2016-CX

July 7, 2022 2046 Views 0 comment Print

Bagasse is non-excisable to which the CENVAT Credit Rules have no application, and held that the Circular dated 25.04.2016 is unsustainable in law.

ITR 5 Form – What is ITR-5 Form, Structure & How to File ITR 5

July 7, 2022 5682 Views 0 comment Print

Explore the ITR-5 form for Partnership Firms, LLPs, AOPs, BOIs, and more. Learn about the structure, key changes in AY 2022-23, and how to file ITR-5 online.

MIS Statements: Cash Flow Statements & Key Ratios

July 7, 2022 6549 Views 0 comment Print

Discover the power of MIS statements in financial analysis, including insights from Balance Sheets, Income & Expense Statements, Cash Flow Statements, and key financial ratios. Learn how to assess your company’s current position and gain valuable analytics for strategic decision-making.

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