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CARO Checklist 2022

September 22, 2022 47571 Views 2 comments Print

Article contains Checklist for Matters to be included in auditor’s report under Companies (Auditor’s Report) Order (CARO) as applicable for financial statement of Financial year 2021-22.

Constitution of Group of Ministers (GoM) on GST System Reforms

September 22, 2022 1026 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue New Delhi Office Memorandum No.  S-31011/12/2021-DIR(NC)-DOR | dated 22nd September, 2022 Subject: Constitution of Group of Ministers (GoM) on GST System Reforms reg. In partial modification to the OM of even number dated 24.09.2021 on the subject cited above, it is stated that reconstituted membership of […]

Excise Duty: Losses up to 1% allowed without detailed Scrutiny

September 21, 2022 1680 Views 0 comment Print

1981 Circular of the Board clarifies that losses of up to 1% can be allowed without detailed scrutiny and loss above 1% can be condoned after scrutiny, we find no reason to not condone losses in these cases as claimed.

CBIC extends anti-dumping duty on imports of Toluene Di isocyanate

September 21, 2022 2811 Views 0 comment Print

CBIC extends anti-dumping duty on imports of Toluene Di isocyanate for a period of 5 years unless revoked earlier vide Notification  No. 28/2022-Customs (ADD) | Dated: 21st September, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification  No. 28/2022-Customs (ADD) | Dated: 21st September, 2022 G.S.R. 717(E).—Whereas, the designated authority, vide notification No. 7/26/2021-DGTR, dated […]

Notification No. 80/2022-Customs (N.T.) Dated: 21.09.2022

September 21, 2022 1620 Views 0 comment Print

CBIC notifies Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 G.S.R. 718(E).—In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, […]

Clarification on Media Reports regarding Oil Ministry seeks windfall tax review

September 21, 2022 459 Views 0 comment Print

There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Ministry has sought changes in the levy of Special Additional Excise Duty (SAED). These reports are misleading. It is clarified that the levy […]

IBBI (Information Utilities) (Second Amendment) Regulations, 2022

September 20, 2022 867 Views 0 comment Print

These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022.

IBBI (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022

September 20, 2022 651 Views 0 comment Print

These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022.

Documents related to issuance of notification under UAPA are exempted under RTI Act

September 20, 2022 471 Views 0 comment Print

Ehtesham Qutubuddin Siddique Vs CPIO, Ministry Of Home Affairs (Delhi High Court) Petitioner sought information by way of RTI application requiring disclosure of the proposal and all documents in the Department’s file regarding issuance of the notification under Section 45(1) of the Unlawful Activity (Prevention) Act 1967 (UPPA, 1967).  CIC while upholding the view taken […]

HC directs blocking of website https://india-mart.co for fraudulent activities

September 20, 2022 1515 Views 0 comment Print

HC held that domain name https://india-mart.co/ shall be immediately blocked. MeitY/DoT to issue blocking orders within 24 hours from receipt of present order.

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