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Govt amends import policy condition of Fresh Ginger produced in Bhutan

May 19, 2022 1962 Views 0 comment Print

Import of Fresh ginger, wholly produced in Bhutan, is Free subject to Article-I of Agreement on Trade, Commerce and Transit between India and Bhutan.

Interoperable Card-less Cash Withdrawal (ICCW) at ATMs

May 19, 2022 1584 Views 0 comment Print

All banks, ATM networks and WLAOs may provide the option of ICCW at their ATMs. NPCI has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks. While UPI would be used for customer authorisation in such transactions, settlement would be through the National Financial Switch (NFS) / ATM networks.

New Definition of Micro, Small & Medium Enterprises – Clarification

May 19, 2022 4923 Views 0 comment Print

Reserve Bank of India RBI/2022-23/52 FIDD.MSME & NFS.BC.No.7/06.02.31/2022-23 May 19, 2022 The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks /All-India Financial Institutions/ All Non-Banking Financial Companies Dear Sir/Madam, New Definition of Micro, […]

Fee structure under IFSCA (Fund Management) Regulations, 2022

May 19, 2022 717 Views 0 comment Print

Fee structure applicable to all applicants seeking registration as Fund Management Entity as provided under regulation 3 and 12 of IFSCA (Fund Management) Regulations, 2022

Reconstitution of Reinsurance Advisory Committee

May 19, 2022 654 Views 0 comment Print

As per provisions under Section 101B of Insurance Act, 1938; IRDAI reconstitutes Reinsurance Advisory Committee (RAC) with the Chairman and Members

MCA Imposes 9 Lakh Penalty for Inadequate Board Meetings

May 18, 2022 24075 Views 0 comment Print

Registrar of Companies in Rajasthan fines M/s EMBASSY INFRATECH INDIA LIMITED and its directors a total of 9 lakh rupees for failing to conduct minimum required four board meetings annually, violating Section 173 of Companies Act, 2013

GST on conference and exhibition conducted by ISCCM

May 11, 2022 20223 Views 0 comment Print

In re Indian Society of Critical Care Medicine (GST AAR Gujrat) Q1. What shall be the nature of service and classification in accordance with Notification No. 11/2017- CT R, dated 28.06.17 read with annexure attached to it in relation the following services: a. Service provided by ISCCM to the delegates; b. Service provided by ISCCM […]

SUG is indispensable part of taxable value for Re-gasification service

May 11, 2022 1182 Views 0 comment Print

In Re Shell Energy India Pvt. Ltd. (GST AAR Gujarat) Issue: Whether value attributable to SUG stipulated in the Agreement between the Applicant and Customers is subject to the levy of GST and therefore, liable to be included in the consideration for re-gasification services determined as per Section 15 of the CGST Act ? Held […]

Limited Insolvency Examination- FAQs -1st November, 2018

April 23, 2022 11373 Views 3 comments Print

Is the Limited Insolvency Examination mandated under any law, for what purpose? The Limited Insolvency Examination (examination) is mandated under regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory conditions for registration as an insolvency professional.

GST on supply of Aluminium Foil Type Winding Inverter Duty Transformer for solar project

December 23, 2021 564 Views 0 comment Print

In re Shilchar Technologies Limited (GST AAR Gujarat) Q. Whether supply of Aluminium Foil Type Winding Inverter Duty Transformer classifiable under Chapter Heading 8504 and parts of Transformer supplied / to be supplied for initial setting up of solar project falls under Sr. No. 234 in Schedule-I to Notification No.01/2017-Central Tax (Rate) dated 28th June, […]

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