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Archive: 10 April 2023

Posts in 10 April 2023

CBDT notifies ‘Central Board of Secondary Education’ Under section 10(46) for AY 2013-14

April 10, 2023 558 Views 0 comment Print

Notification No. 19/2023 Dated 10th April, 2023 under clause (46) of section 10 of the Income tax Act, 1961 in case of Central Board of Secondary Education, Delhi for AY 2013-14

Anti-dumping duty on imports of Ursodeoxycholic Acid (UDCA) imposed

April 10, 2023 1539 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on imports of Ursodeoxycholic Acid (UDCA) originating in or exported from China PR and Korea RP for a period of 5 Years.  Notification No. 04/2023-Customs (ADD)- Dated: 10th April, 2023

Export duty exempted on Rice in the husk (paddy or rough) of seed quality

April 10, 2023 1614 Views 0 comment Print

Seeks to amend notification No. 55/2022- Customs, dated 31.10.2022, in order to exempt Rice in the husk (paddy or rough) of seed quality from export duty of 20% Notification No. 30/2023-Customs Dated 10th April, 2023

SVLDR Scheme covers not only tax but it also covers interest and penalty

April 10, 2023 1266 Views 0 comment Print

Bombay High Court held that SVLDR Scheme covers not only tax but also interest, penalty. Hence, declaration under SVLDR in respect of notice issued for interest duly allowable.

Summons Under GST

April 10, 2023 23331 Views 1 comment Print

Under GST, it is any inquiry that means the GST officer can summon anyone for any inquiry. But there is a speed breaker. Under GST, the power to summon is in the same manner, as provided in the case of a civil court under the provisions of the Code of Civil Procedure, 1908. Mind you, it is not mutatis-mutandis, but same manner. Under ORDER V of the CPC’ 1908.

Delay in CS Appointment: Penalty reduced from 6 Lakh to 4 Lakh by RD

April 10, 2023 267 Views 0 comment Print

Dive into the appeal under Companies Act, 2013 by Vaasudev Grain Mill Pvt Ltd. Learn about penalties, Covid-19 challenges, and the final resolution by the Regional Director.

FAQs: Professional ethics of members pertaining to Bank Assignments

April 10, 2023 9558 Views 0 comment Print

Firm of Chartered Accountants cannot accept branch Audit of the Bank if one of the partners has taken the loan from any branch of that bank. The members should not place themselves in position which would either compromise or jeopardize their independence.

Refund set aside in proceedings u/s 35E sufficient, separate notice u/s 11A not required

April 10, 2023 822 Views 0 comment Print

Supreme Court held that separate notice u/s. 11A of the Central Excise Act not required when the order-in-original sanctioning the refund came set aside in a proceedings u/s 35E of the Central Excise Act.

Reasons for non-appearance found to be genuine hence ex-parte assessment order set aside

April 10, 2023 1620 Views 0 comment Print

Kerala High Court sets asides the ex-parte impugned assessment order and directs the assessing authority to pass fresh orders as the reasons for non-appearance before AO in response to the notice for hearing are found to be genuine.

Entity User Registration On FIRMS Portal

April 10, 2023 6081 Views 0 comment Print

Learn the steps for Entity User Registration on the FIRMS portal introduced by the Reserve Bank of India for foreign investments in India. Discover who can apply, essential dos, and frequently asked questions for a seamless registration process.

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