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ICAI objected on Article titled “Don’t rely on Insurance Agents or CAs for financial advise”

December 10, 2022 3150 Views 0 comment Print

We would like to draw your attention to an article titled Don’t rely on Insurance Agents or CAs for financial advise published in the ‘Deccan Herald’ dated 05.12.2022. The article written by Ms. Mrin Agarwal, Director, Finsafe India

AAR cannot give ruling on past and completed supply

December 9, 2022 1464 Views 0 comment Print

In re United Breweries Limited (GST AAR Maharashtra) Subject application is rejected as being non-maintainable as per Section 95 of the CGST Act, 2017 because the questions raised by the applicant are in respect of past and completed supply as on the date of the application and not supply, which is being undertaken/proposed to be undertaken. […]

Maharashtra AAR cannot give ruling if situs of transaction in question is not within Maharashtra

December 9, 2022 1449 Views 0 comment Print

In re CHEP India Private Limited (GST AAR Maharashtra) AAR held that if the situs of transaction in question is not within the state of Maharashtra, then as per provisions of section 96 of the Central Goods and service Tax Act 2017 (and similar provision under the MGST Act), the Maharashtra Advance Ruling Authority cannot […]

Notification No. 105/2022-Customs (N.T.), Dated: 09.12.2022

December 9, 2022 2958 Views 0 comment Print

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No.105/2022-Customs (N.T.) | Dated: 9th December, 2022 S.O. 5773(E).—In exercise of the powers conferred by sub-sections (1A), (4) and (5) of Section 5 read with sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central […]

Foreign investment in Alternative Investment Funds (AIFs)

December 9, 2022 1995 Views 0 comment Print

Foreign investor of the AIF is a resident of the country whose securities market regulator is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understanding (Appendix A Signatory) or a signatory to the bilateral Memorandum of Understanding with SEBI.

Postal Export (Electronic Declaration and Processing) Regulations, 2022

December 9, 2022 4908 Views 0 comment Print

These regulations may be called the Postal Export (Electronic Declaration and Processing) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Amendment in Import Policy Condition for de-notifying MMTC as a STE for import of Copra

December 8, 2022 975 Views 0 comment Print

Amendment in Import Policy Condition for de-notifying MMTC as a STE for import of Copra under Chapter 12 of ITC (HS), 2022, Schedule-I (Import Policy).

Public Procurement Policy for Micro and Small Enterprises (MSEs) Amendment Order, 2022

December 8, 2022 1563 Views 0 comment Print

Consider the requests of the Central Ministries/ Departments/ PSUs for exemption, on a case to case basis, from procuring certain items from the reserved list for MSEs through open tendering

DGFT enlisted Western U.P. Chamber of Commerce & Industry to issue CoO (Non-Preferential)

December 8, 2022 939 Views 0 comment Print

Western U.P. Chamber of Commerce & Industry, Meerut is enlisted under Appendix 2E of FTP, 2015-20 for issuing Certificate of Origin (Non Preferential).

Upload of Motor Third Party data in IIBI’s portal

December 8, 2022 948 Views 0 comment Print

As per Section 147(2) of the amended Motor Vehicles Act, 1988, the Central Government prescribes premiums for motor third party insurance policies in consultation with the IRDAI.

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