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Relevant date for Appeal filing limitation is date of upload of demand in Form DRC- 07 

August 2, 2022 5682 Views 0 comment Print

K.P. Shaneej Vs Joint Commissioner (Appeals) (Kerala High Court) Revenue very fairly submits that there are certain judgments of this Court which take the view that without the authenticated copy of the assessment order, an appeal cannot be filed and such authentication will be recognised by the system only when a demand is raised pursuant […]

RBI Master Circular on Credit Facilities to Minority Communities

August 2, 2022 1023 Views 0 comment Print

RBI has periodically issued guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities. The Master Circular enclosed consolidates the circulars issued by Reserve Bank on the subject till date, as listed in the Appendix.

MCA Imposes Penalty for Sign Board at Company Entrance Missing CIN & Email

August 2, 2022 3033 Views 0 comment Print

Explore implications of violating Section 12(3) of the Companies Act, 2013. Delve into an order under section 454 and penalties imposed for non-compliance.

Clarification to Notification related to Rajasthan Amnesty Scheme

August 2, 2022 1338 Views 0 comment Print

GOVERNMENT OF RAJASTHAN COMMERCIAL TAXES DEPARTMENT NOTIFICATION Jaipur, dated 2 Aug, 2022 (Under Clause 6(4) of Amnesty Scheme for goods not subsumed in GST) In exercise of the powers conferred by clause 6(4) of FD notification No. F.12(11) FD/Tax/2022-104 dated 23.02.2022 with respect to Amnesty Scheme for goods not subsumed in GST, I, Dr. Ravi […]

Competition (Amendment) Bill, 2022

August 2, 2022 2271 Views 0 comment Print

Competition (Amendment) Bill, 2022 is Introduced in Lok Sabha to amend the Competition Act, 2002 and to provides for the following, namely:— (a) changes in certain definitions like ‘enterprise’, ‘relevant product market’, ‘Group’, ‘Control’, etc., to provide clarity; (b) broadening the scope of anti-competitive agreements and inclusion of a party facilitating an anti-competitive horizontal agreement […]

External Commercial Borrowings (ECB) Policy – Liberalisation Measures

August 1, 2022 1875 Views 0 comment Print

i) increase the automatic route limit from USD 750 million or equivalent to USD 1.5 billion or equivalent. ii) increase the all-in-cost ceiling for ECBs, by 100 bps. The enhanced all-in-cost ceiling shall be available only to eligible borrowers of investment grade rating from Indian Credit Rating Agencies (CRAs). Other eligible borrowers may raise ECB within the existing all-in-cost ceiling, as hitherto.

Weekly newsletter from Chairman, CBIC dated 01/08/2022

August 1, 2022 768 Views 0 comment Print

Last month saw GST revenue collections of Rs. 1,48,995 Crore. This is 28% higher than the corresponding period last year. The growth in GST revenue upto the month of July, 2022 has shown remarkable buoyancy and is about 35% higher as compared to the same period last year.

Amendment in import policy of Malonylurea (Barbituric Acid) & its salts

August 1, 2022 783 Views 0 comment Print

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the 1st August, 2022 Notification No. 23/2015-2020-DGFT Subject: Amendment in import policy condition of HS Code 29335200 under Chapter 29 of ITC (HS) 2022, Schedule – I (Import Policy) S.O. 3578(E).—In exercise of powers conferred by Section 3 and Section […]

Master Circular – Credit facilities to Scheduled Castes & Tribes

August 1, 2022 729 Views 0 comment Print

Bank staff may help the borrowers in filling up the forms and completing other formalities so that they are able to get credit facility within a stipulated period from the date of receipt of applications.

₹1,48,995 crore gross GST revenue collected in the month of July 2022

August 1, 2022 2286 Views 0 comment Print

₹1,48,995 crore gross GST revenue collected in the month of July 2022 GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year The gross GST revenue collected in the month of July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore, SGST is ₹ 32,807 crore, […]

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