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Consultation Paper on Green & Blue Bonds as a mode of Sustainable Finance

August 10, 2022 1614 Views 0 comment Print

Sustainable Finance is the process of taking due account of environmental, social and governance (ESG) considerations while making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects.

GST Council Newsletter for the month of July, 2022

August 10, 2022 1521 Views 0 comment Print

GST Revenue collection for July, 2022 ₹1,48,995 crore gross GST revenue collected in the month of July, 2022 The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST is ₹25,751 crore, SGST is ₹32,807 crore, IGST is ₹79,518 crore (including ₹41,420 crore collected on import of goods) and […]

CGST Bhiwandi busts fraudulent availment of ITC of Rs. 78 crore

August 8, 2022 1656 Views 0 comment Print

CGST Bhiwandi Commissionerate busts a case of non -payment of GST and fraudulent availment of ITC, amounting to Rs. 78 crore CGST Bhiwandi Commissionerate in Mumbai Zone based upon a specific intelligence has busted a case of non-payment of GST and fraudulent availment of Input Tax Credit, amounting to Rs. 78 Crore against M/S A […]

Passenger Name Record Information Regulations, 2022

August 8, 2022 5301 Views 0 comment Print

(1) These regulations may be called as the Passenger Name Record Information Regulations, 2022. (2) They shall come into force from the date of their publication in the Official Gazette.

Maharashtra GST busts fake ITC racket

August 8, 2022 6699 Views 1 comment Print

Maharashtra GST busts fake ITC racket Operator of three firms arrested for fake bills worth Rs.231.49 cr. Maharashtra Goods & Service Tax Department has arrested Mr. Brijesh Vanitlal Shah, age- 48, operator of M/s. Om Impex and two other firms, on 04.08.2022 under the special investigation operation carried out against tax evading firms. An investigation […]

Authorised Dealer Category-I License eligibility for Small Finance Banks

August 8, 2022 2760 Views 0 comment Print

All the scheduled SFBs, after completion of at least two years of operations as Authorised Dealer Category-II, will be eligible for Authorised Dealer Category-I license, subject to compliance with the eligibility norms given in the Annex-I.

RBI allows authorized SPDs to offer FCS-OIS

August 8, 2022 1284 Views 0 comment Print

SPDs, authorized under section 10(1) of FEMA, 1999 shall also be eligible to offer FCS-OIS to persons not resident in India as well as to other AD Cat-I banks and eligible SPDs.

Electricity (Amendment) Bill, 2022 introduced in Lok Sabha

August 8, 2022 888 Views 0 comment Print

The Electricity (Amendment) Bill, 2022, inter alia, provides for the following, namely:— (i) to amend section 8 of the Act so as to streamline the concurrence of the hydro generating station by the Authority to facilitate development of the hydro sector in the country; (ii) to amend section 14 of the Act in order to […]

Exposure Draft of Compendium of Social Audit Standards – for Comments

August 6, 2022 1053 Views 0 comment Print

Sustainability Reporting Standards Board of ICAI has developed following- (i) Draft Preface to the Social Audit Standards (ii) Draft Framework for the Social Audit Standards (iii) Draft Social Audit Standards (SAS) on all the sixteen thematic areas specified in the above mentioned notification.

Technical Guide on Filing Forms for LLPs and Companies

August 6, 2022 1512 Views 0 comment Print

This guide on LLP Form-11 is prepared with an objective to creating user awareness and also to provide detailed guidance on the procedural aspects relating to filing of Form- 11 that we hope will enable higher levels of user accuracy.

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