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Entities allowed to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA

February 8, 2023 1899 Views 0 comment Print

Govt notified another 39 reporting entities to use Aadhaar authentication services of UIDAI under section 11A of Prevention of Money-laundering Act, 2002.

RBI Monetary Policy Committee increases policy rates by 25 basis points

February 8, 2023 1608 Views 0 comment Print

As announced in Monetary Policy Statement dated February 08, 2023, it has been decided by Monetary Policy Committee (MPC) to increase policy repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect.

Appellant cannot be treated as Local Authority merely for registration as Local Authority with Income Tax & GST Department

February 7, 2023 1455 Views 0 comment Print

In re Indian Hume Pipe Company Ltd (GST AAAR Karnataka) The Appellant has also taken pains to emphasise that BWSSB has been registered with the Income Tax Department and the GST Department as a ‘local authority’; that when both the departments have acknowledged the status of BWSSB as a local authority and accordingly granted them […]

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed

February 7, 2023 1935 Views 0 comment Print

Transhipment of goods by road from LCS Petrapole to Air Cargo Complex, Delhi allowed wef 15.02.2023 following procedure prescribed in Circular No. 29/2020-Customs dated 22.06.2020

SEBI (Buy-Back of Securities) (Amendment) Regulations, 2023

February 7, 2023 5025 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Buy-Back of Securities) (Amendment) Regulations, 2023.

Appendix 4R aligned with First Schedule of Customs Tariff Act, 1975 wef 15.02.2023

February 7, 2023 2925 Views 0 comment Print

Consequent to inclusion of export items from Chapter 28, 29, 30 & 73 vide Notification No. 47 dated 07.12.2022 under RoDTEP, Appendix 4R is aligned with First Schedule of the Customs Tariff Act, 1975 for implementation with effect from 15.02.2023. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 7th February, 2023 […]

Centralised Processing of Equalisation Levy Statement Scheme, 2023

February 7, 2023 5325 Views 0 comment Print

Centralised Processing of Equalisation Levy Statement Scheme, 2023 shall be applicable in respect of processing of Equalisation Levy Statements.

IFSCA form for process of registration of scheme or fund in IFSC

February 6, 2023 2211 Views 0 comment Print

Att registered FMEs seeking registration for their scheme or fund in IFSC has to submit application APPLICATION FORM FOR FUND/SCHEME

Taxation is not just a vehicle for raising government revenue

February 6, 2023 1383 Views 0 comment Print

Taxation is not just a vehicle for raising government revenue; it is critically important for economic and social development. As we discharge our duties, we all would do well to keep these principles close to our heart.

Budget 2023 removes certain funds from section 80G

February 5, 2023 8547 Views 0 comment Print

Discover how proposed Budget 2023 removes certain funds from section 80G of the Act. Check out this blog post for more info on the allowable deductions associated with said donations and the list of funds impacted

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