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CESTAT deletes penalty which was imposed for denial of area based exemption

July 8, 2022 162 Views 0 comment Print

Sanjeev Jindal Vs Commissioner, Customs & Central Excise (CESTAT Delhi) The finding recorded in the order is that exemption under a notification that granted area based exemption was wrongly obtained by the Company and its Directors. It is for this reason that apart from denying the exemption claimed by the Company, penalty was also imposed […]

Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund

July 8, 2022 741 Views 0 comment Print

CBDT notifies new Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund vide Notification No. 80/2022- Income Tax Dated: 8th July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 80/2022- Income Tax | Dated: 8th July, 2022. G.S.R. 524(E).—In exercise of the powers conferred […]

NSE notifies Filing on new portal with effect from July 11, 2022

July 8, 2022 1320 Views 0 comment Print

All NSE listed entities are requested to note that in addition to filings released in phase 1, following filings must also be made on the new portal with effect from July 11, 2022, in phase 2

Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade

July 8, 2022 684 Views 0 comment Print

RBI decided that all eligible current account transactions including trade transactions with Sri Lanka may be settled in any permitted currency outside the ACU mechanism until further notice.

CBIC Notifies Rate of Exchange of Foreign Currencies wef 07.07.2022

July 7, 2022 2532 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th July, 2022 vide Exchange rate Notification No. 58/2022-Cus (NT) dated 7th July, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 58/2022 – Customs (N.T.) New Delhi, dated the 7th […]

DGGI-MZU busts Fake GST ITC of ₹35.11 Crores

July 7, 2022 1248 Views 0 comment Print

The Mumbai Zonal Unit of the Directorate General of GST Intelligence [DGGI-MZU] on Saturday, 2 July 2022 arrested Amanpuneet Singh Kohli, Director of M/s. Immensa Multiventures Pvt. Ltd. and six other Companies under the provisions of the CGST Act, 2017.  As per DGGI-MZU, Shri Amanpuneet Singh Kohli is the keyperson and mastermind behind several other firms, which […]

IRDAI Constitutes Task force to study issues faced by Life Insurers & Reinsurers

July 7, 2022 351 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

IRDAI Constitutes Task force to study issues faced by Non-Life Insurers & Reinsurers

July 7, 2022 1680 Views 0 comment Print

To examine the matter in detail and to sort out the issues between Non- Life Insurers and Reinsurers, it is decided to constitute a Task Force with the following participants:

Advisory for Anonymised Escalation Mechanism under Faceless Assessment

July 7, 2022 1050 Views 0 comment Print

ICEGATE registered users are required to contact the ICEGATE Helpdesk team on the toll free number 1800-3010-1000 to avail the functionality of Anonymised Escalation Mechanism under Faceless Assessment.

Listed companies to file quarterly Investor Complaints Report with SEBI

July 7, 2022 2376 Views 0 comment Print

Listed entity shall file with the recognized stock exchange(s) on a quarterly basis, within twenty-one days from the end of each quarter

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