Department for Promotion of Industry and Internal Trade (DPIIT) is spearheading the initiatives under Ease of Doing Business and Reducing Compliance Burden which are aimed at creating a conducive business environment. The key focus areas of the initiatives are: (i) Simplification of procedures related to applications, renewals, inspections, filing records, etc., (ii) Rationalization by repealing, amending […]
IRDAI received few representations from insurance companies to relax/amend certain provisions of Investment — Master Circular / Circulars and criteria for classification of investment in equity shares as approved investment.
AS INTRODUCED IN LOK SABHA Bill No. 177 of 2022 THE ENERGY CONSERVATION (AMENDMENT) BILL, 2022 A BILL further to amend the Energy Conservation Act, 2001. BE it enacted by Parliament in the Seventy-third Year of the Republic of India as follows:–– 1. Short title and commencement. (1) This Act may be called the Energy […]
In re Rashi Peripherals Private Limited (CAAR Mumbai) M/s. Rashi Peripherals Private Limited filed 2 applications, specifically, application nos. 39 and application no. 40, on 23.05.2022 seeking advance rulings on the classification of handheld mobile computers, viz., touch computers and mobile computers, having the following model numbers: – S.No. Category of handheld mobile computer Model […]
Corrtech Energy Ltd. Vs DCIT (ITAT Ahmedabad) The learned Counsel for the assessee, at the outset, has submitted that none of the provision for doubtful debts and provision for diminution in the value of investment made by the assessee-company is for any liability. He has contended that the same in fact were not provisions made […]
Earlier, restaurant was liable to pay GST on their restaurant services but, w.e.f January 01, 2022, GST on restaurant services supplied through the ECO viz. Zomato and Swiggy, etc., is to be paid by the ECO in cash at the rate of 5% and no Input Tax Credit
Held that assessee failed to explain identity and creditworthiness of the creditors and genuineness of the transaction. Accordingly, addition u/s 68 sustained.
Discover the recent pronouncements by the Supreme Court of India on GST law and its impact on administration and taxpayers.
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY CIRCULAR CIR No: PFRDA/2022/18/SUP-POP/02 Date: 3.08.2022 To, Points of Presence (PoPs) Subject: Instruction to stop Facility of Payment of Subscriptions/Contribution to Tier-II Account of NPS through Credit Card -Urgent The Authority has decided to stop the facility of payment of subscriptions/contributions using credit card as a mode of payment […]
Understand the phased implementation of e-invoicing in GST. Learn about the turnover thresholds and the dates of applicability for generating e-invoices.
