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Online Excise & Service Tax payment via ICEGATE e-Payment Gateway

March 30, 2023 3843 Views 0 comment Print

With effect from 01.04.2023 ICEGATE-e-Payment Gateway will be implementing Internet Banking also as an additional channel for making e-payment of Central Excise duty & Service Tax dues.

IBC CIRP withdrawal application cannot be kept pending for constitution of CoC: SC

March 29, 2023 1914 Views 0 comment Print

Section 12A of IBC permits withdrawal of applications admitted under sections 7, 9 and 10 of IBC. It permits withdrawal of such applications with approval of 90 percent voting share of CoC in such manner as may be specified.

Draft FSS (Foods for Infant Nutrition) Amendment Regulations, 2023

March 29, 2023 975 Views 0 comment Print

FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 29th March, 2023 F. No. Std/SP-05/T(IFR-02).—The following draft of certain regulations, further to amend the Food Safety and Standards (Foods for Infant Nutrition) Regulations, 2020, which the Food Safety and Standards Authority of India proposes to make with the previous approval of the Central […]

Weekly newsletter from Chairman, CBIC dated 29/03/2023

March 29, 2023 612 Views 0 comment Print

On the anti-smuggling side, the week gone by saw officers of Chennai Airport Customs, interdict two arriving passengers who were attempting to smuggle a De Braza Monkey, a Mantled Guereza and two Spider Monkeys. The animals were rescued and deported back to their originating country. Congratulations to the officers for an excellent detection.

The Pros and Cons of Investing in Fixed Deposits

March 29, 2023 3801 Views 0 comment Print

Are you looking for an investment option to increase your savings fast? A Fixed Deposit can be an ideal choice. Before you invest in a Fixed Deposit, learn everything about its advantages and disadvantages. 

GST rate on services by sub-sub-contractor to sub-contractor pertaining to irrigation, construction

March 29, 2023 29460 Views 0 comment Print

In re Shreeji Earth Movers (GST AAAR Gujarat) a) At what rate of tax the liability should be determined on services provided by appellant (sub-contractors) to the main contractor pertaining to the irrigation, construction and maintenance works to the irrigation department, State of Gujarat? b) Under which head we should classify our services to execute […]

MCA imposes penalty on CA for Non-reporting of violations in audit report

March 29, 2023 39777 Views 0 comment Print

Section 143(3)(d) of Companies Act, 2013 states that ‘the auditors report shall state whether, the company’s balance sheet and profit and loss account dealt with in the report are in agreement with the books of account and returns’. It is apparent from the financial statements for the financial year ended 31.03.2021 Interest Accrued” on Secured […]

Registrar of Companies removed or strike off names of 454 Companies

March 29, 2023 1878 Views 0 comment Print

Registrar of Companies removed or strike off the names of 454 Companies as per annexure on this day of 29-03-2023 from Register of Companies

Mandatory electronic filing date of Non-Preferential CoO extended to 31.12.2023

March 28, 2023 1143 Views 0 comment Print

Transition period for mandatory filing of applications for Non-Preferential Certificate of Origin through e-CoO Platform extended till 31.12.2023

Consequences of PAN becoming inoperative – Rule 114AAA

March 28, 2023 21711 Views 0 comment Print

Consequences of PAN becoming inoperative: (i) refund of any amount of tax or part thereof, due under the provisions of the Act shall not be made to him; (ii) interest shall not be payable to him on such refund for the period, beginning with the date specified under sub-rule (4) of rule 114AAA and ending with the date on which it becomes operative;

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