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Archive: 28 August 2023

Posts in 28 August 2023

DGFT revises Registration Fee in Steel Import Monitoring System

August 28, 2023 6021 Views 1 comment Print

Update on the Steel Import Monitoring System (SIMS) registration fee, highlighting key changes made by the Directorate General of Foreign Trade in 2023.

Advisory for Applicants: Biometric-based Aadhaar Authentication for GST Registration

August 28, 2023 13752 Views 1 comment Print

Introduction: The Goods and Services Tax Network (GSTN) has issued a significant advisory to GST (Goods and Services Tax) applicants regarding the Aadhaar authentication process for registration. The advisory outlines the new biometric-based Aadhaar authentication process and its pilot implementation details. Key Points of the Advisory: 1. Rule 8 Amendment: Rule 8 of the CGST […]

Notification of 2023 SCOMET Update: Changes to Schedule-2 of ITC Classification

August 28, 2023 1503 Views 0 comment Print

Government of India’s Ministry of Commerce & Industry announces SCOMET Updates 2023, amending the classification of export and import items. Learn more about the changes.

9 Years of Pradhan Mantri Jan Dhan Yojana: Impact, achievements & contributions  

August 28, 2023 1443 Views 0 comment Print

Pradhan Mantri Jan Dhan Yojana (PMJDY) completes nine years of transforming financial inclusion in India. Learn about its impact, achievements, and contributions to the nation’s growth.

DPIIT Notifies Quality Control Orders for Solar DC Cable, Fire Survival Cable & Cast Iron Products

August 28, 2023 771 Views 0 comment Print

Ministry of Commerce and Industry’s DPIIT has announced Quality Control Orders for Solar DC Cable, Fire Survival Cable, and Cast Iron Products. Learn about these regulations and their impact on manufacturing and quality standards in India.

Clause 44 in Form 3CD under Section 44AB of Income Tax Act 1961 – FAQs

August 28, 2023 71448 Views 3 comments Print

Clause 44 in Form 3CD under Section 44AB of the Income Tax Act 1961- updated FAQs, guidelines for reporting GST details, and exemptions. Understand who needs to report, expert knowledge requirements, and more

Navigating Penalties & Interest: Exploring Limits & Authority in Mahindra & Mahindra Case

August 28, 2023 1821 Views 0 comment Print

Explore recent Supreme Court ruling on interest levied on customs duties, its complexities, and implications it holds for enterprises, revenue departments, and taxpayers.

Minimum CIBIL Score for a Home Loan: What You Need to Know?

August 28, 2023 1059 Views 0 comment Print

A CIBIL score is one of the critical factors that determine your home loan eligibility. Based on this 3-digit score, lenders decide whether or not to approve your loan. This is because it is linked to your creditworthiness as it is calculated based on your credit history.

How to Plan Mutual Fund Investments

August 28, 2023 1209 Views 0 comment Print

Mutual funds are among the most popular investment avenues for financial growth. However, while they offer numerous benefits, they come with an inherent risk as they are linked to the market. This means that market movements or fluctuations influence your returns.

Guide to Taxation on Cryptocurrencies and other Digital Assets

August 28, 2023 5463 Views 1 comment Print

Discover taxation on cryptocurrencies & digital assets in India. Explore GST implications, income tax rules, reporting, and practical tips for crypto investors.

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