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Archive: 22 November 2022

Posts in 22 November 2022

Notification under section 11A of PMLA Act,2002

November 22, 2022 1635 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 22nd November, 2022 S. O. 5433(E).— In exercise of the power conferred by proviso to sub-section (1) of section 11A of the Prevention of Money-Laundering Act, 2022 (15 of 2002) (hereinafter referred to as the Money-Laundering Act) , the Central Government being satisfied that the […]

Disclosure of information – Notification under section 66 of PMLA Act, 2002

November 22, 2022 3531 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 22nd November, 2022 G.S.R. 832(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 66 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government, on being satisfied that it is necessary in the public interest so […]

National Savings (Monthly Income Account) (Amendment) Scheme, 2022

November 22, 2022 1725 Views 0 comment Print

National Savings (Monthly Income Account) (Amendment) Scheme, 2022 – Deposit made under this Scheme on or after the 1st day of October, 2022 shall bear interest at the rate of 6.7 per cent. per annum.

Kisan Vikas Patra (Amendment) Scheme, 2022

November 22, 2022 2025 Views 0 comment Print

Kisan Vikas Patra (Amendment) Scheme, 2022 – The maturity period of an account opened on or after the 1st day of October, 2022 shall be ten years and three months. The deposits made in the account shall double on maturity

National Savings Time Deposit (Amendment) Scheme, 2022

November 22, 2022 1620 Views 0 comment Print

National Savings Time Deposit (Amendment) Scheme, 2022 takes effect from the date as specified in the notification. However, no one shall be adversely affected as a result of retrospective effect being given to this amendment Scheme.

NPS Digital On boarding through CKYC

November 22, 2022 1239 Views 0 comment Print

PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account.

Lower IGST rate benefit available to fire sprinklers

November 22, 2022 1248 Views 0 comment Print

CESTAT Delhi held that sprinklers are not included in the description of goods contained at Serial No. 325 of the notification dated 28.06.2017 chargeable to 18%, whereas, serial No. 195B of the notification does not restrict the sprinklers to any category and hence benefit of lower IGST rate of 12% available to fire sprinklers.

Demand of service tax unsustainable as services brought to taxable net after relevant period

November 22, 2022 993 Views 0 comment Print

CESTAT Ahmedabad held that the activities of renting of immovable property and supply of tangible goods cannot be classified under infrastructural support service and since the said services were taxable after the relevant period. Demand of service tax not sustainable for earlier period.

Central Bureau of Investigation is not liable to furnish information under RTI Act, 2005

November 22, 2022 1293 Views 0 comment Print

Kerala High Court held that as Central Bureau of Investigation (CBI) is included in the second schedule to RTI Act, 2005, CBI is not liable to furnish any information.

Condonation granted on bonafide reasons, unavoidable circumstances & sufficient cause

November 22, 2022 2367 Views 0 comment Print

Karnataka High Court held that petitioner had made out valid and sufficient ground/cause to condone the delay in preferring the appeal before the appellate Authority. Accordingly, exercising power under Article 226 of the Constitution of India the condonation of delay was granted.

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