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Archive: June, 2023

Posts in June, 2023

Bombay High Court Directs Re-adjudication of GST Registration Suspension

June 8, 2023 600 Views 0 comment Print

Bombay High Court’s ruling in Focus Ingredients Impex Vs State of Maharashtra case, centers on suspension of GST registration. Court’s directive for re-adjudication underlines importance of a fair and efficient tax system.

TDS Credit Denial Due to Assessee’s Mistake is impermissible: ITAT  Ahmedabad

June 8, 2023 1704 Views 0 comment Print

ITAT Ahmedabad, in Kunvarji Fincorp Vs DCIT held that denial of TDS credit due to assessee’s mistake or misunderstanding is impermissible

Simplify E-Invoice Verification with E-Invoice Verifier App by GSTN

June 8, 2023 8544 Views 0 comment Print

E-Invoice Verifier App developed by GSTN, offering a user-friendly solution for verifying e-Invoices – key features, benefits, and how to use the app for seamless e-Invoice verification.

Online processing of investor service requests and complaints by RTAs

June 8, 2023 2028 Views 0 comment Print

SEBI has proposed the digitization of the process for investors to submit service requests and complaints online to RTAs.

Weekly newsletter from Chairman, CBIC dated 08/06/2023

June 8, 2023 834 Views 0 comment Print

Dive into the latest updates from the Chairman, CBIC, discussing recent advancements in the Indian Customs and Indirect Taxes department, including AEO progress, CBIC mSangrah launch, and anti-smuggling actions

Mutual Funds’ Participation in Repo Transactions on Corporate Debt

June 8, 2023 1326 Views 0 comment Print

Mutual funds allowed to participate in repo transactions on listed AA and above rated corporate debt securities, as well as commercial papers (CPs) and certificate of deposits (CDs).

SEBI Circular: Upstreaming Clients’ Funds – Implications & Guidelines

June 8, 2023 15267 Views 0 comment Print

SEBI has issued a circular requiring stock brokers and clearing members to upstream clients’ funds to clearing corporations. 

RBI Reviews Borrowing Limits in Call and Notice Money Markets

June 8, 2023 2313 Views 0 comment Print

Reserve Bank of India (RBI) has reviewed the borrowing limits in Call and Notice Money Markets for Scheduled Commercial Banks.

DGFT Announces New Import Guidelines for Watermelon Seeds until October 2023

June 8, 2023 4662 Views 0 comment Print

Latest updates on Directorate General of Foreign Trade’s rules and procedures for import of watermelon seeds, effective until October 2023.

Branch Authorization Policy for Urban Co-operative Banks

June 8, 2023 5820 Views 0 comment Print

Reserve Bank of India’s rationalization of the branch authorization policy for Urban Co-operative Banks (UCBs). Understand the new general permission for branch expansion, simplified approval process, and reporting requirements and implications of these changes on UCBs and their growth opportunities. Reserve Bank of India (RBI) has recently announced a rationalization of the branch authorization policy […]

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