Circulars No. 822/IFSCA/FATF-C/Legal/2022-23 -
31/08/2023
IFSCA specifies the following additional measures to be complied by all Regulated Entities: 1. In a cross-border wire transfer where the amount to be transferred is equal to USD 1000, every bank which is an ordering institution shall also comply with the requirements specified under clause 7.7.3(a) of the Guidelines....
Public Notice No. 30/2023-DGFT -
31/08/2023
Standard Input Output Norms (SIONs) for Leather, Leather Products and Footwear and General Note for Leather & Leather Products stand amended with effect from 15.09.2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Public Notice No. 30/2023-DGFT | Dated: 31st, August, 2023 Subject: ...
The novel GST law and dual GST system posed challenges during initial implementation as transactions were inaccurately classified as intra-state or inter-state supplies and the taxpayers discharged taxes under the incorrect heads. To rectify the omission caused by the taxpayer, many taxpayers on their own or on the intimation made by the ...
This blog includes information on the corporate identification number (CIN), covering information on the CIN for companies, what it is, how to check it, and other related information....
Financial crimes, such as fraud and money laundering, are a major problem that can have a significant impact on the global economy. In recent years, there has been a growing interest in using blockchain technology to combat financial crimes. Blockchain is a distributed ledger technology that can be used to record transactions in a secur...
1. Reporting for Property + Plant + Equipment (PPE) + Intangible Assets (all) (a) Maintaining of records for PPE + Intangible assets (both) (Clause 3(i) of CARO) (A) Whether company maintaining proper records for showing 100% particulars + quantitative details + also situation of PPE (all) ? + (plus) (B) Whether company maintaining prope...
Ocean Capital Market LTD. Vs Uday Narayan Mitra (NCLAT Delhi) -
NCLAT Delhi held that there is NCLT (National Company Law Tribunal) has jurisdiction to remit the plan for reconsidering the amendment which the Successful Resolution Applicant himself was requesting to be carried out....
India Resurgence ARC Pvt. Ltd. Vs Rohit J. Vora (NCLAT Delhi) -
NCLAT Delhi held that adjudicating authority rightly reduced fees payable to Resolution Professional on failure in complying with his responsibilities of completing CIRP in a time bound manner....
Assistant Provident Fund Commissioner Vs G4s Security Services (India) Ltd. & Anr. (Supreme Court of India) -
Supreme Court of India addresses the differentiation between 'basic wage' as defined by EPF Act and 'minimum wage' under Minimum Wages Act....
ACIT Vs Alnoor Exports (ITAT Delhi) -
ITAT Delhi held that commission paid to foreign agents for procurement of orders do not fall under Technical, Managerial or consultancy services. Accordingly, TDS not deductible on commission paid to such foreign agents....