Foreign trade policy are a set of guidelines and instructions which are established by Directorate General of Foreign Trade (DGFT) related to import and export of goods in India. This is announced after every 5 years. It creates various expectations for exporters, traders and manufacturers....
Notification No. S.O. 1555(E). -
31/03/2023
If any person, had already given a declaration as required by the Bureau under sub-section (4) of section 18 of the Bureau of Indian Standards, Act, 2016 (11 of 2o16) declaring his old stock of Gold jewellery or Gold artefacts with old hallmarking as existed prior to 1st July 2021, such person shall be permitted to sell or display or offe...
NEW BILLING SERIES: New billing series for F.Y. 2023-24 w.e.f 1st April 2023 should be started. Reset the Invoice numbers series and start a fresh sequence. E-INVOICING: Businesses with an annual aggregate turnover of more than ₹10 crore in any of the preceding Financial Year (FY) from 2017-18 up to 2022-23 must begin generating e-invoi...
Bill No. 8 of 2023 -
31/03/2023
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 31st March, 2023 / Chaitra 10, 1945 (Saka) The following Act of Parliament received the assent of the President on the 31st March, 2023 and is hereby published for general information:— THE FINANCE ACT, 2023 No. 8 OF 2023 [31st March, 2023.] An Act to […]...
Decoding the UAE Corporate Tax Law: A Comprehensive Article-by-Article Interpretation Summary of Chapters and Articles Chapters Articles One General Provisions 1 Definitions Two Imposition of Corporate Tax and Applicable Rates 2 Imposition of Corporate Tax 3 Corporate Tax Rate Three Exempt Person 4 Exempt Person 5 Government Entity 6 Go...
Due to the intense and competitive work environment, there is a significant increase in employment. People are under a lot of pressure, which causes several issues. It influences our health, safety, well-being, and family life. It goes without saying that a lack of work-life balance can also lead to a lot of stress. As a […]...
ACIT Vs Frontline Realty Pvt. Ltd. (ITAT Mumbai) -
It was held that where an assessee claims deduction of interest paid on capital borrowed, assessee had to show that capital which was borrowed was used for business purpose in relevant year and it did not matter either capital was borrowed in order to acquire a revenue asset or a capital asset....
Important Compliance obligations to be noted at the time of Financial Year end 2022-23 and commencement of Financial year 2023-24 under GST Laws As the Financial Year 2022-23 comes to close the following important reconciliation requirements will help in absolute compliance of GST Legislations. Though this article attempts to give a cov...
Press Release No. IBBI/PR/2023/04 -
31/03/2023
IBBI published the syllabus of phase 8 of the LIE. The revised syllabus is applicable for the examination to be conducted with effect from 1st July 2023....
The bank audit season is around the corner. Given the fact that the banking industry is typical in terms of its geographical and customer spread, the volume and varied nature of products and services offered, coupled with the strict constraints for completing the audits, the members, many a times, face a lot of issues/ queries while condu...