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Archive: November, 2022

Posts in November, 2022

Restricted entry of food items in under specific ports

November 14, 2022 1801 Views 1 comment Print

Vide order dated 17.10.2022 FSSAI has decided that with effect from 1st February, 2023, import of below specified high-risk products shall be permitted only through 61 ports

Requirement of Registration of foreign food manufacturing facilities as per Food Safety and Standards (Import) First Amendment Regulations, 2021 dated 03.11.2021

November 14, 2022 1545 Views 0 comment Print

Instruction No. 30/2022 -Customs F. No. 401/66/2022-Cus-III Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) Room No. 229 A, North Block New Delhi, dated the 14th November, 2022 To All Principal Chief Commissioner/ Chief Commissioner of Customs/ Customs (Preventive)/ Customs & Central Tax All Principal Chief Commissioner […]

Registration & regulatory framework for Online Bond Platform Providers (OBPPs)

November 14, 2022 3912 Views 0 comment Print

During the past few years, there has been an increase in the number of Online Bond Platforms (OBPs), offering debt securities (obtained through subscriptions to public issues / private placements and through secondary market), to non-institutional investors.

Notification No. 124/2022-Income Tax | Dated: 14th November, 2022

November 14, 2022 2634 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 124/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5258(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), Central Board of Direct Taxes hereby makes the following […]

Notification No. 123/2022 -Income Tax | Dated: 14th November, 2022

November 14, 2022 1671 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 123/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5257(E).—In exercise of powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendments in the notification of […]

Notification No. 122/2022 -Income Tax | Dated: 14th November, 2022

November 14, 2022 1197 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 122/2022 -Income Tax | Dated: 14th November, 2022 S.O. 5256(E).In exercise of the powers conferred by section 118 and sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes […]

Notification No.121/2022 – Income Tax Dated: 14.11.2022

November 14, 2022 1857 Views 0 comment Print

Amendments in notification No.61/2022 dated the 10th June, 2022 issued by CBDT MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 121/2022 -Income Tax |Dated: 14th November, 2022 S.O. 5255(E).—In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120 of the Income-tax Act, 1961 […]

Any person aggrieved by decision can file an appeal under Section 107 of CGST Act, 2017

November 14, 2022 2256 Views 0 comment Print

Section 107 of CGST Act, 2017 makes it clear that any person aggrieved by any decision or order passed under Act may appeal to appellate authority within time limit prescribed in Statute.

Section 194N – TDS applicability on Cash Withdrawal in Excess of Rs. 1 Crore

November 14, 2022 4959 Views 0 comment Print

Section 194N is applicable on withdrawals of more than Rs 1 crore from banks/co-operative bank/post office during a financial year. It will apply to the withdrawal of all the sums of money or an aggregate of sums from a particular bank/co-operative bank/post office in a financial year.

Exclusion of an industrial area from limits of municipal council would not cease it to be a ‘local area’: SC

November 14, 2022 3144 Views 0 comment Print

SC held that the exclusion of an industrial area or areas from the limits of municipal councils or municipalities under the state laws in exercise of statutory power or by virtue of a declaration under proviso to Article 243-Q, would not result in that area ceasing to be a local area within Entry 52 of List II.

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