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Request for extension of time period for filing of Form CSR 2

March 24, 2023 12366 Views 0 comment Print

ICSI Request for extension of time period for filing of Form CSR 2 for the financial year ended March 31, 2022 without levying additional fee

Advisory for GST Registration for banquet halls, farm house, marriage gardens & hotels

March 24, 2023 3819 Views 0 comment Print

It has come to the notice of the Department that several banquet halls, farm houses, marriage gardens, and hotels registered under Delhi GST are not reporting or under reporting their business transactions/turnover and hence not paying due GST thereon.

Govt allows export of Multi Grain Atta or Fortified Whole Wheat Atta

March 23, 2023 1230 Views 0 comment Print

Note 2: is added in the SION E-136 to allow export of Multi Grain Atta or Fortified Whole Wheat Atta. All other conditions for SION E-136 as mentioned in Public Notice no. 38/2015-20 dated 25.11.2022 will continue to be in force. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New […]

ICAI Exposure Draft Guidance Note on Transfer of Capital Reserve

March 23, 2023 6006 Views 0 comment Print

Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.

FSSAI (Transaction of Business at its meetings) Amendment Regulations, 2023

March 23, 2023 216 Views 0 comment Print

Food Safety and Standards Authority of India (Transaction of Business at its meetings) Amendment Regulations, 2023.

Demonetisation and its effect on Indian economy

March 23, 2023 1056 Views 0 comment Print

No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Certain studies on related matter […]

IBBI takes lenient view against Registered Valuer for minor procedural deviations

March 22, 2023 861 Views 0 comment Print

IBBI observes that procedural contraventions fall in the category of minor procedural deviations, hence IBBI inclined to take a lenient view

HSN Code Reporting in e-Invoice on IRPs Portal

March 22, 2023 6516 Views 0 comment Print

It is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies having AATO of more than 5 crores in any previous financial year.

IFSCA: Amendment to Circular titled ‘Framework for Ship Leasing’

March 22, 2023 585 Views 0 comment Print

Activities under operating lease are integral part of ecosystem and may be included as part of shipping ecosystem in IFSC, as at present many of Indian players are going off-shore for availing these services.

Inclusion of transportation cost of inventory while calculating Liquidation value

March 22, 2023 636 Views 0 comment Print

The Authority finds that since valuation is more of a subjective exercise, a valuation report must be transparent and set out all the necessary information and assumptions behind the valuation estimate provided by a valuer so as to enable the stakeholders to form a judicious economic opinion on the report. The RV acknowledged that since […]

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