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Archive: 12 January 2023

Posts in 12 January 2023

IRDAI modifies Surety Insurance Guidelines

January 12, 2023 828 Views 0 comment Print

Provided the above cap is not applicable to mono-line surety insu rance companies registered for doing surety insurance business on a standalone basis. The surety insurance business of mono-line surety insurance companies shall be subject to such prudential norms as may be specified from time to time.

GSTINs suspended: Advisory on “Initiating Drop Proceeding” by taxpayers

January 12, 2023 13308 Views 1 comment Print

Recently, a functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is for the taxpayers who have filed their pending 6 monthly or 2 Quarterly returns. Such taxpayers are advised to revoke the suspension once the due returns have been filed by clicking on […]

Fast Track Merger under Companies Act 2013 without NCLT approval

January 12, 2023 5412 Views 0 comment Print

In this article we shall be discussing the new route given by Companies Act, 2013 which allows certain type of companies to Merge and Amalgamate easily and without the NCLT approval.

Classification Issue in Job work related to Alcoholic Liquor for levy of GST

January 12, 2023 1710 Views 0 comment Print

This blog post discusses the contentious issue classification of alcoholic liquor for the purpose of levy of GST. Learn about the questions posed in the case Esveeaar Distilleries Private Limited v Assistant Commissioner (State Tax) and more!

Job Work Vis-à-vis manufacture under GST Supply of Goods or Supply of Service

January 12, 2023 7125 Views 0 comment Print

Under GST, is Job Work a Supply of Goods or a Supply of Service? Get the answer with the help of Prestige Engineering (India) Ltd. Vs Collector of C. Excise case. Job Work Vis-à-vis manufacture and supply of Goods or Supply of Service explained.

Conditions for Participation of AIFs in Credit Default Swaps

January 12, 2023 663 Views 0 comment Print

SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’), have been amended and notified on January 09, 2023 to allow AIFs to participate in Credit Default Swaps (‘CDS’) as protection buyers and sellers. Copy of the notification is available at link.

EODC Online Monitoring System for Advance/EPCG Authorisations

January 12, 2023 6696 Views 0 comment Print

Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Dated: 12.01.2023 Vanijya Bhawan, New Delhi Trade Notice No. 24/2022-23 To, 1. All Regional Authorities of DGFT 2. All Export Promotion Councils 3. All Advance/EPCG Authorisations holders Subject: EODC Online Monitoring System for Advance/EPCG Authorisations – reg Attention of […]

IFSCA (Insurance Products and Pricing) Regulations, 2022

January 12, 2023 855 Views 0 comment Print

These regulations may be called the International Financial Services Centre Authority (Insurance Products and Pricing) Regulations, 2022.

IFSCA (Preparation and Presentation of Financial Statements of International Financial Service Centre Insurance Offices) Regulations

January 12, 2023 987 Views 0 comment Print

International Financial Services Centres Authority (Preparation and Presentation of Financial Statements of International Financial Service Centre Insurance Offices) Regulations, 2022

IFSCA (Manner of Payment and Receipt of Premium) Regulations, 2022

January 12, 2023 1071 Views 0 comment Print

These regulations may be called the International Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022.

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