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Consumers can now get un-hallmarked jewellery tested at Hallmarking Centres

March 12, 2022 1209 Views 0 comment Print

Bureau of Indian Standards (BIS) has now made provision to allow a common consumer to get the purity of their unhallmarked gold jewellery tested at any of the BIS recognized Assaying and Hallmarking Centres (AHCs).

RBI directs Paytm to not to onboard new customers

March 11, 2022 1080 Views 0 comment Print

Reserve Bank of India directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of new customers. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system.

Reimbursement of State Tax due & deposited to hotels & tour operators

March 10, 2022 1839 Views 0 comment Print

This order shall be applicable to registered taxable persons in the category of hotels, heritage hotels, resorts and tour operators, provided that this order shall not be applicable for stand-alone restaurants and clubs.

HC issues notice of Motion- Section 130- Invocation for confiscation of goods & conveyance in transit

March 9, 2022 1731 Views 0 comment Print

Chirag Steel Vs the State of Punjab & Others (Punjab and Haryana High Court) Punjab & Haryana HC issues Notice of Motion to consider whether Section 130 can be invoked for confiscation of goods and conveyance in transit after amendment as the said section has been amended vide Finance Act, 2021 effective from 01.01.2022.   […]

Govt reopens application window for PLI Scheme for White Goods

March 9, 2022 543 Views 0 comment Print

Government reopens application window for PLI Scheme for White Goods (ACs and LED Lights) from 10th March to 25th April 2022 to give second chance to prospective investors to take benefits of the Scheme The Union Cabinet had given approval for the PLI Scheme for White Goods for manufacture of components and sub-assemblies of Air […]

MCA 21 Version 3- LLP Filing – Issues/ Feedback (If any)

March 9, 2022 6699 Views 0 comment Print

As you would be aware, the Ministry of Corporate Affairs has commenced system migration to a new version – Version 3 of the MCA portal and in this regard, as the first phase, the go-live of the revised and enhanced LLP forms has commenced. 

RBI clarifies on mode of receipt of complaints under RBI Integrated Ombudsman Scheme 2021

March 9, 2022 1629 Views 0 comment Print

Instances of misinformation being spread through certain sections of the social media about the Reserve Bank – Integrated Ombudsman Scheme 2021 (RB-IOS) have come to the notice of the RBI. These messages are conveying to public at large to lodge their complaints against entities regulated by RBI through third parties for a charge/fee or otherwise for early redress of grievances.

RBI launches UPI123pay & 24×7 Helpline for Digital Payments

March 8, 2022 8073 Views 0 comment Print

Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi) The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Payments Interface (UPI) payments for feature phone users, and (2) DigiSaathi – a 24×7 Helpline to address the queries […]

PMLA Court refuses to grant Bail to Nawab Malik

March 7, 2022 1008 Views 0 comment Print

Directorate of Enforcement Vs Mohammed Nawab Mohammed Islam Malik @ Nawab Malik (PMLA Cousrt at Bombay) As per section 3, the offence of money laundering is continuing in nature and it continues till such time a person enjoying the proceeds of crime by its concealment or possession or acquisition or use of untainted property or […]

29 year old man arrested for involvement in fake GST ITC racket

March 6, 2022 8058 Views 0 comment Print

CGST Commissionerate, Raigad arrests 29 year old involved in fake GST Input Tax Credit racket  As a part of the special Anti-Evasion drive launched by CGST, Mumbai Zone against the fraudsters and tax evaders, CGST Commissionerate, Raigad has arrested a 29 year old man, who actively connived in creation of more than 15 sham firms, […]

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