"05 May 2023" Archive

SEBI: Testing Framework for IT systems of Market Infrastructure Institutions

Circulars No. SEBI/HO/MRD/TPD/P/CIR/2023/65    05/05/2023

Technology Advisory Committee (TAC), MIIs are hereby directed to ensure the following requirements while establishing the testing framework of their IT systems/applications...

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GST exempt on Architectural Consultancy Service to Surat Municipal Corporation for construction of SMIMER Hospital

In re Ajit Babubhai Jariwala (GST AAR Gujarat)

'Architectural Consultancy Service' provided by the applicant to Surat Municipal Corporation [SMC] for construction of SMIMER Hospital & College Campus is covered under entry no. 3 of notification No. 12/2017-Central (Rate) dated 28.6.2017 & thus is exempt from GST....

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My Experience in Social Auditor Exam

My Experience in Social Auditor Exam. Passed the exam with bright colours. I thank the Almighty and my parents for the blessings. My humble submission to pass the exam is as follows: 1. Understand the concepts by reading thoroughly the NISM booklet twice or thrice, word by word. Listen experts through webinars time and again. […]...

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Posted Under: SEBI |

EPFO Higher Pension Opting Scheme Last date extended till June 26, 2023

For EPS members who missed the earlier window to apply for a higher pension, the Employees Provident Fund Organisation (EPFO) has enabled the link for an online application form. These eligible employees have until June 26, 2023, according to information on the EPFO Member e-Sewa portal, to submit an application and the necessary supporti...

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Posted Under: SEBI |

Understanding Internal Audit: Key to Effective Risk Management & Governance

Internal audit is an independent and objective function that provides assurance and consulting services to organizations. The primary role of internal audit is to evaluate an organization’s operations, processes, and controls to provide recommendations on how to improve efficiency, effectiveness, and governance. Internal audit has b...

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Posted Under: SEBI |

India’s PMLA Act amended to bring professionals under its ambit

The government of India has recently amended the Prevention of Money Laundering Act (PMLA) through the Finance Act, 2021, to expand the scope of the Act and bring certain professionals under its ambit. The amendments were made in April 2021, and they have significant implications for professionals such as Chartered Accountants, Company Se...

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Posted Under: SEBI |

Crypto assets and Indian Financial Market Regulation system

Over time, technology has seen significant development and advancement. From using handwritten letters to text messages on cell phones. Additionally, the way they work, shop, and even pay for products and services are all important factors....

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Posted Under: SEBI |

Corporate Social Responsibility (CSR) & related provisions

Every company to which CSR criteria is applicable and the amount to be spent by a company is more than Rs. 50 lakh shall be required to constitute a CSR committee of the Board....

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Posted Under: SEBI |

Section 62 of CGST Act 2017: Assessment of Nonfiler of Returns

The Tax Liability shall be assessed on the basis of details of outward supplies available in the GSTR-1 u/s 37 ,Details of inward supplies populated from GSTR-2A,Eway Bill, Information available from any other source, Inspection conducted etc....

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Posted Under: SEBI |

What is E-Pan?

What is E-PAN ? 1. PANe. Permanent Account Number is 10-digit alphanumeric code issued by the Indian Income Tax Department to all taxpayers for uniquely identification of taxpayers. 2. Instant E-PAN facility is allotment of PAN on near-real time basis and is available only for a limited period of time. E-PAN is issued in PDF […]...

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Posted Under: SEBI |

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