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HC grants IGST refund with interest where details were incorrectly reported in GSTR-1

December 20, 2022 1314 Views 0 comment Print

High Court Grants IGST refund with interest to petitioner in respect of various export invoices of FY 2019-20 for which details were incorrectly reported in GSTR-1.

SEBI Board Meeting -12 Key decisions taken on 20th December 2022

December 20, 2022 1530 Views 0 comment Print

Market Infrastructure Institutions (Stock Exchanges, Clearing Corporations and Depositories) are key pillars of a vibrant and resilient securities market and any instance of governance lapse in these institutions may lead to weakening of stakeholder trust in the market. Accordingly, a comprehensive review was undertaken to strengthen the focus and of the governance of MIIs.

Monthly Development Report (MDR) for Bullion Exchange in IFSC

December 20, 2022 477 Views 0 comment Print

It has been decided that similar to the Stock Exchanges in IFSC, Bullion Exchange shall be required to submit MDR to IFSCA on a monthly basis, beginning January 2023.

What is the Minimum Down Payment Required for Bike Finance?

December 19, 2022 1494 Views 0 comment Print

The demand for two-wheelers in India has witnessed exponential growth over the last two decades. Be it the agility of a bike or simply the ease and convenience that comes with it, two-wheelers remain fan-favourites across the country.

Aadhaar should not be disclosed in offer document or any other public document

December 19, 2022 6525 Views 0 comment Print

Listed entities should not disclose Aadhar number/Aadhar related information in any disclosure/ announcements/ any other public document made/submitted to the Exchange.

Reg. Reinsurance Treaty Agreements covering Fire & Engineering Lines of Business

December 19, 2022 588 Views 0 comment Print

IRDAI observed that Reinsurance Treaty Agreements in many instances include, as a precondition or prescription, the requirement to apply the IIB published broad-occupancy market average burning costs, as minimum risk rates.

SEBI Master Circular for FPIs, DDPs and EFIs

December 19, 2022 4437 Views 0 comment Print

Master Circular No. SEBI/HO/AFD-2/CIR/P/2022/175 Dated: December 19, 2022 for Foreign Portfolio Investors(FPIs), Designated Depository Participants (DDPs) and Eligible Foreign Investors (EFIs) SECURITIES AND EXCHANGE BOARD OF INDIA Master Circular No. SEBI/HO/AFD-2/CIR/P/2022/175 Dated: December 19, 2022 To, 1. Foreign Portfolio Investors (“FPIs”) 2. Designated Depository Participants (“DDPs”) and Custodians 3. The Depositories 4. All recognized Stock Exchanges and […]

ITC of GST on construction of works contract service for payment against Renting of immovable property

December 19, 2022 5178 Views 0 comment Print

In re Satya Dev Bommireddy (GST AAAR Telangana) The Authority for Advance Ruling passed its order and denied the Input Tax Credit on services of purchase of under construction commercial property received by the appellant for utilizing the same for payment of GST on supply of output service i.e., lease of immovable property. Further the […]

Year End Review 2022 for Department of Commerce, Ministry of Commerce & Industry

December 17, 2022 1323 Views 0 comment Print

Ministry of Commerce & Industry Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry India’s merchandise registers a positive growth of 12.6% from April-October, 2021-22 to April-October, 2022-23 India’s Services export registers a positive growth of 31.43% from April-October, 2021-22 to April-October, 2022-23 Centre takes several proactive policy amendments to facilitate […]

Govt to freeze MIS/SCSS/TD/KVP/NSC/RD accounts matured but not closed

December 16, 2022 6978 Views 0 comment Print

SB ORDER NO. 25/2022 F. No. FS-13/7/2020-FS-Part(1) Government of India Ministry of Communications Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001. Date: 16.12.2022 To, All Heads of Circles/Regions Subject: – Freezing of Small Savings Schemes accounts get matured but not closed after 3 years of maturity reg. Sir / Madam, As part of continuous […]

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