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GST Council Newsletter for the month of January 2023

February 11, 2023 2841 Views 0 comment Print

In case the system does not automatically drop the proceedings or taxpayer is unable to revoke the suspension by clicking on ‘Initiate Drop Proceeding’, then taxpayer is advised to contact Jurisdictional Officer.

Introduction of Legal Entity Identifier for Cross-border Transactions – FAQs

February 11, 2023 2214 Views 0 comment Print

Should an AD bank obtain a valid LEI for transactions less than INR 50 crore even if the customer has not done any transaction of INR 50 crore or above on or after October 1, 2022?

MahaRERA: De-registration of Real Estate Projects

February 10, 2023 9930 Views 0 comment Print

Pre-requisites for de-registration of a real estate project – Only those real estate projects which have zero allottees i.e. real estate projects where there are no bookings shall be considered for de-registration.

Travellers from G-20 countries allowed access to UPI at select international airports

February 10, 2023 1014 Views 0 comment Print

Reserve Bank of India RBI/2022-23/176 CO.DPSS.POLC.No.S–1907/02.14.006/2022-23 February 10, 2023 All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks) and National Payments Corporation of India (NPCI) Madam / Dear Sir, Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India As announced in the Statement on Developmental and Regulatory Policies dated February 08, 2023, it […]

Classification of Liabilities as Current or Non-current & Non-current Liabilities with Covenants

February 9, 2023 6897 Views 0 comment Print

Exposure Draft – Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to Ind AS 1

ICAI Exposure Draft Lease Liability in a Sale and Leaseback

February 9, 2023 1383 Views 0 comment Print

Exposure Draft of Amendments to Ind AS 116, Leases, issued by Accounting Standards Board of Institute of Chartered Accountants of India

Consultation Paper on Review of Role & Obligations of Mutual Fund Trustees

February 9, 2023 1380 Views 0 comment Print

While exercising oversight over activities of AMC, Trustees are expected to ensure that AMCs act in a manner which is not skewed in favour of AMC’s stakeholders

FAQ’s on filing of announcements in XBRL format on NSE platform

February 9, 2023 6957 Views 0 comment Print

XBRL submission for Outcome of Board meeting will be applicable for Dividend, Buyback, Bonus and Voluntary Delisting events. NSE & BSE jointly have developed these XBRL’s utilities, and the XML file generated can be uploaded at both the Exchanges.

Consultation paper on review of Corporate Governance norms for a High Value Debt Listed Entity

February 9, 2023 1134 Views 0 comment Print

SEBI introduced Corporate Governance requirements for listed entities to improve transparency in their functioning and ensure enhanced disclosures to investors. Regulations 16 to 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Introduction of Systematic Lump sum Withdrawal (SLW) for NPS Subscribers – PFRDA Notification

February 8, 2023 1071 Views 0 comment Print

PFRDA issued a notification introducing the Systematic Lump sum Withdrawal (SLW) for the benefit of National Pension System (NPS) Subscribers. The SLW process allows subscribers to withdraw a lump sum amount periodically until the age of 75. This notification provides details on the SLW facility, process flow, and its applicability to both Tier-I and Tier-II accounts.

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