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Archive: 15 October 2022

Posts in 15 October 2022

Special Additional Excise Duty on Diesel increased to Rs. 10.50 per litre

October 15, 2022 609 Views 0 comment Print

Seeks to further amend Notification No. 04/2022-Central Excise, dated the 30th June, 2022, to increase the Special Additional Excise Duty on Diesel to Rs. 10.50 per litre vide Notification No. 35/2022-Central Excise | Dated: the 15th October, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2022-Central Excise | Dated: the 15th October, […]

SAED on Petroleum Crude Production & Aviation Turbine Fuel export increased

October 15, 2022 741 Views 0 comment Print

Seeks to amend Notification No. 18/2022-Central Excise, dated the 19th July, 2022 to increase Special Additional Excise Duty (SAED) on production of Petroleum Crude to Rs. 11,000 per tonne and on export of Aviation Turbine Fuel to Rs.  3.50 per litre vide Notification No. 34/2022-Central Excise | Dated: the 15th October, 2022. MINISTRY OF FINANCE […]

Seatbelt Compulsory for Motor Vehicle Drivers & Commuters in Mumbai from 01.11.2021

October 15, 2022 11709 Views 0 comment Print

All Mumbai City motor vehicle drivers and commuters, it will be mandatory to wear seat belts while traveling from 01/11/2022.

Draft IRDAI (Registration of Indian Insurance Companies) Regulations, 2022

October 15, 2022 2091 Views 0 comment Print

Draft of IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 aims to provide the fit and proper criteria, To provide the limits of investment in insurers.

Section 12AA Registration granted as primary object is advancement of general public utility

October 15, 2022 1707 Views 0 comment Print

ITAT Chandigarh held that registration u/s 12AA of the Income Tax Act granted as the primary objects of the assessee society are aimed at the advancement of the object of general public utility within the meaning of section 2(15) of the Act

Period of limitation not applies to Service tax mistakenly paid

October 15, 2022 2346 Views 0 comment Print

CESTAT Kolkata held that refund of tax paid under mistake is not barred by period of limitation prescribed under Section 11B of the Central Excise Act. Refund granted to the appellant.

Format of CARO (Companies Auditor’s Report Order), 2020 in word

October 15, 2022 54012 Views 0 comment Print

Get the format of CARO (Companies Auditors Report Order), 2020 in word. Learn how to prepare the Annexure to the independent auditors report.

Land treated as capital asset as no evidence of carrying agricultural activity

October 15, 2022 6147 Views 0 comment Print

ITAT Mumbai held that apart from the purchase and sale deeds of conveyance and 7/12 extracts from land revenue records, no other evidence has been brought on record by the assessee of having cultivated the land or carrying any agricultural activity. Accordingly, the same is treated as ‘capital asset’.

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