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IRDAI Guidelines on Operational Issues pertaining to Regulatory Sandbox

March 31, 2023 1152 Views 0 comment Print

An applicant desiring to promote or implement any innovation in insurance in India shall make an application to IRDAI in Form-RG-1 in any one or more of the categories given in Regulation 4 of IRDAI (Regulatory Sandbox) Regulations, 2019.

Annual BSE Listing Fees revised effective from April 1, 2023

March 31, 2023 12852 Views 0 comment Print

Exchange has revised its Annual Listing Fees to be paid by the listed entities for listing of its securities on the Exchange. The revision in the Annual Listing Fees is in line with other nationwide stock exchange and shall be effective from April 1, 2023.

IBBI publishes syllabus for Limited Insolvency Examination w.e.f 1st July 2023

March 31, 2023 7101 Views 2 comments Print

IBBI published the syllabus of phase 8 of the LIE. The revised syllabus is applicable for the examination to be conducted with effect from 1st July 2023.

Courier Imports and Exports (Clearance) Amendment Regulations, 2023

March 31, 2023 2115 Views 0 comment Print

Courier Imports and Exports (Clearance) Amendment Regulations, 2023 shall come into force on 1st April, 2023.

Customs notification giving effect to 2nd tranche of India UAE CEPA

March 31, 2023 6321 Views 0 comment Print

Notification No. 20/2023-Customs Dated: 31st March, 2023 giving effect to 2nd tranche of India UAE CEPA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 20/2023-Customs Dated: 31st March, 2023 G.S.R. 252(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, […]

GST Compensation Cess: Section 163 of Finance Act 2023 applicable wef 01.04.2023

March 31, 2023 8196 Views 0 comment Print

Central Government appoints 1st day of April, 2023, as the date on which provisions of section 163 of Finance Act, 2023 shall come into force vide Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi Notification No. 01/2023-Compensation Cess – Dated: 31st March, 2023 S.O. 1566(E).— In […]

Key Highlights of New Foreign Trade Policy 2023

March 31, 2023 36354 Views 2 comments Print

FTP 2015-20 which was to end on 31.3.2020 was extended due to COVID pandemic and volatile geo-political scenario till 31.03.2023. India has reach record high Export Performance in Merchandise and Services Exports during this period. India’s Merchandise and Services exports is expected to cross record USD 760 Billion in FY2022-23. FTP 2015-20 contributed to this illustrious export performance.

Customs duty exemption on drugs & Food for personal use for treatment of Rare Diseases

March 31, 2023 1845 Views 0 comment Print

Customs duty full exemption for all imported drugs & Food for Special Medical Purposes for personal use for treatment of all Rare Diseases The Central Government has given full exemption from basic customs duty on all drugs and Food for Special Medical Purposes imported for personal use for treatment of all Rare Diseases listed under the National […]

GST on one time premium on allotment of completed commercial units/building

March 31, 2023 1722 Views 0 comment Print

One time premium received by applicant on allotment of completed commercial units/building is taxable supply in terms of section 7 of CGST/GGST Act, 2017.

AAR ruling on admissibility of input tax credit can be sought by supplier only

March 31, 2023 744 Views 0 comment Print

AAR find that [a] applicant before us is not supplier of service and [b] that ruling sought is not for admissibility of input tax credit in respect of supply received by applicant. In fact it is the supplier who may seek an advance ruling in the matter.

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