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Food Safety and Standards (First Amendment) Rules, 2022

January 16, 2023 2820 Views 0 comment Print

These rules may be called the Food Safety and Standards (First Amendment) Rules, 2022. They shall come into the force on the date of their publication in Official Gazette.

Master Direction – RBI (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023

January 16, 2023 4083 Views 0 comment Print

Any person who intends to acquire shares or voting rights in a banking company beyond the limit for which approval was obtained from the Reserve Bank, is required to apply to the Reserve Bank for prior approval to increase their aggregate holding in the banking company.

Supply already undertaken- Application for advance ruling not maintainable

January 16, 2023 609 Views 0 comment Print

In re Vyom Food Craft Private Limited (GST AAR Rajasthan) As per Section 95 of CGST Act, 2017; this authority shall decide on matters or on questions specified in sub-section (2) of Section 97, in relation to the supply of goods or services or both being undertaken or proposed to be undertaken, by the applicant […]

Central Motor Vehicles (First Amendment) Rules, 2023

January 16, 2023 57450 Views 4 comments Print

Government notifies that wef 01.04.2023 All Govt department owned vehicles Motor Vehicle registration certificates to be cancelled on completion of 15 years from initial registration of vehicle. Except SPV used for defence purpose in other words 15 year rule shall not apply to the special purpose vehicles (armoured and other specialised vehicles) used for operational […]

Benford’s Law Practical Application

January 14, 2023 6654 Views 0 comment Print

Benford’s law describes the relative frequency distribution for leading digits of numbers in datasets. In this article we are discussing the possible ways to implement this theorem with understanding our needs and business practices of record keeping.

Discrepancies Amongst Provisions of GST Act 2017 – How to Read Harmoniously

January 13, 2023 1995 Views 0 comment Print

GST Act 2017 has introduced several discrepancies. Read harmoniously to make sense of them. We explore how to read the Act and find certainty.

CBIC directs offers/Officials to follow Cyber Security Guidelines

January 13, 2023 786 Views 0 comment Print

All officers/officials of Department of Revenue are required to follow the following Cyber Security Guidelines issued by the NIC to ensure Cyber Security in Department:-

Sovereign Green Bonds (SGrBs)-Categorisation and Classification

January 13, 2023 1296 Views 0 comment Print

Investment in Sovereign Green Bonds shall be treated as Investment in Infrastructure and shall be classified as Central Government Securities under Category Code CSGB

CBIC exempt COVID-19 vaccines from basic Custom duty till 31.03.2023

January 13, 2023 459 Views 0 comment Print

CBIC exempt COVID-19 vaccines from basic Custom duty till 31st March, 2023 vide Notification No. 01/2023–Customs Dated: 13th January, 2023. MINISTRY OF FINANCE (Department of Revenue) Notification No. 01/2023–Customs | Dated: 13th January, 2023 G.S.R. 22(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the […]

Non-filing of Annual Return & Financial Statement – MCA imposes ₹ 20.61 Lakh penalty

January 13, 2023 771 Views 0 comment Print

MCA imposes total penalty of Rs. 20,61,000 on ‘MSP Infra Management Solutions Private Limited‘ and its directors for violation of Section 92 (non-filing of Annual Return) and 137 (non-filing of Financial Statement) of the Companies Act, 2013 for the financial year 2017-18, 2018-19, 2019-2020 & 2020-21. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF […]

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