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

December 19, 2022 5553 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 1785 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 8268 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 […]

ICAI removes name of 10 Members with effect from 16th December, 2022

December 16, 2022 8313 Views 0 comment Print

ICAI removes name of 10 Members with effect from 16th December, 2022 In terms of the provisions of Section 21B(3) of the Chartered Accountants Act, 1949 read with Rules 18(17) and 19(1) of the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007. THE INSTITUTE OF CHARTERED ACCOUNTANTS […]

Interest Income not to be assessed When Assessee is Non-Resident: ITAT

December 16, 2022 2226 Views 0 comment Print

In the case of JCIT v. Rahul Rajnikant Parikh, ITAT Mumbai held that interest income need not be assessed when assessee is a Non-resident.

CBIC notifies Customs Exchange rate for Import & Export wef 16.12.2012

December 15, 2022 1584 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export wef 16th December, 2022 vide Exchange rate vide Notification No. 109/2022 – Customs (N.T.) | dated 15th December, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NEW DELHI ***** Notification No. 109/2022 – Customs (N.T.) | dated 15th […]

Tariff Notification No. 108/2022-Customs (N.T.) | Dated: 15th December, 2022

December 15, 2022 1887 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 108/2022-Customs (N.T.) | Dated: 15th December, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 108/2022-Customs (N.T.) | Dated: 15th December, 2022 S.O. 5869(E).—In exercise of the powers conferred by […]

Format of Monthly Development & Activity Report submission by Stock Exchanges in IFSC

December 14, 2022 1059 Views 0 comment Print

Pursuant to discussions with the Stock Exchanges, with a view to ensure uniformity in the reporting of monthly developments and activities at the Stock Exchanges, the formats of the MDR and MAR have been revised and copies of the same are enclosed as Annexure A and Annexure B, respectively.

Refrigerating Appliances (Quality Control) Amendment Order, 2022

December 14, 2022 1932 Views 0 comment Print

1. (1) This order may be called the Refrigerating Appliances (Quality Control) Amendment Order, 2022. (2) It shall come into force on the date of its publication in the Official Gazette.

FAQ’s – Disclosure of holding of specified securities and in DEMAT form

December 14, 2022 5649 Views 0 comment Print

In an event of demise of an individual belonging to Promoter or Promoter Group where the shares held by such individual are not transmitted to the legal heir as on the end of the quarter, the company should disclose detailed notes for the same in the shareholding pattern.

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