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Govt amends notification No. 11/2018 Customs to align HS Codes with FA 2022

April 30, 2022 1311 Views 0 comment Print

Govt amends notification No. 11/2018 Customs dated 2nd February, 2018 to align the HS Codes with  Finance Act, 2022 (FA 2022) vide Notification No. 24/2022-Customs | Dated: 30th April, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 24/2022-Customs | Dated: 30th April, 2022 G.S.R. 327(E).—In exercise of the powers conferred by sub-section […]

Govt amends 17 Customs notifications to align HS Codes with FA 2022

April 30, 2022 2937 Views 0 comment Print

Govt amends various Customs Tariff notifications in order to align the HS Codes of the said notifications with the Finance Act, 2022 (FA 2022) vide Notification No. 23/2022-Customs | Dated: 30th April, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 23/2022-Customs | Dated: 30th April, 2022 G.S.R. 326(E).—In exercise of the […]

ICAI will introduce New Scheme for Education & Training

April 30, 2022 15501 Views 0 comment Print

As you are aware, the ICAI is in the process of introducing a New Scheme for Education and Training. The new Scheme will be in conformity with the international best practices, aligned to National Education Policy 2020, expectations of the industry and technological advancements.

Routing of funds in the garb of share premium – HC Upheld Reopening

April 30, 2022 810 Views 0 comment Print

Allahabad HC reviews Ambuj Foods reassessment notice for AY 2013-14, alleging routing funds as share premium through shell companies.

Core Industries grow by 10.4% during FY 2021-22

April 29, 2022 291 Views 0 comment Print

Core Industries grow by 10.4% during FY 2021-22; steel, cement and natural gas lead the way Combined Index of Eight Core Industries grew by 4.3 per cent in March 2022 INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MARCH, 2022 The cumulative growth rate of Index of Eight Core Industries (ICI) during April-March 2021-22 was […]

SEBI to generate FPI registration number & Depositories to host CAF

April 29, 2022 996 Views 0 comment Print

Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – SEBI to generate FPI registration number and both the Depositories to host the CAF.

GST on support services for water transport vessels in Indian Territory

April 29, 2022 11568 Views 0 comment Print

In re Translog Direct Private Limited (GST AAR Tamil Nadu) In the case at hand, the applicant is extending the ‘support services for water transport’ which includes services facilitating berthing of the vessel, liaising with jurisdictional authorities and attend to the requirement of the vessel when the vessel is in Indian territory and the service […]

Reduction of timelines for listing of units of REIT

April 28, 2022 447 Views 0 comment Print

As a part of the continuing endeavour to streamline the process of public issue of units of Real Estate Investment Trust (REIT), it has been decided to reduce the time taken for allotment and listing after the closure of issue to six working days as against the present requirement of within twelve working days.

ICAI extends 75% Concession in Registration Course Fee for all levels of CA Courses

April 28, 2022 5970 Views 0 comment Print

Renewal of 75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh and for 8 North-Eastern States.

ITAT allows treating Turnover of Intraday Equity transactions on Net basis

April 28, 2022 2133 Views 0 comment Print

Explore ITAT Kolkata’s ruling in Anju Chamaria vs ITO regarding 271B penalty. Analysis of turnover, audit requirement, and key legal insights provided.

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