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Guidance to IFSCA Anti Money Laundering & KYC Guidelines

May 23, 2023 1908 Views 0 comment Print

Guidance to the International Financial Services Centres Authority (Anti  Money Laundering, Counter-Terrorist Financing and Know Your Customer)  Guidelines, 2022.

Seeking Inputs for Measuring Cost of Regulation – As Requested by DPIIT

May 22, 2023 963 Views 0 comment Print

The Committee for Development of International Trade, Services & WTO at The Institute of Chartered Accountants of India (ICAI) has announced that it is seeking inputs for measuring the Cost of Regulation (CoR) as requested by the Department For Promotion of Industry and Internal Trade (DPIIT). The CoR is a crucial factor in assessing the […]

Reg. Release of Imported Consignments under E-Waste (Management) Rules, 2022

May 17, 2023 1815 Views 0 comment Print

E-waste (Management) Rules 2022 – regarding release of imported consignments of producers of 85 EEEs items (ITEW 17 to ITEW 27, CEEW 6 to CEEW 19, LSEEW 1 to LSEEW 34, EETW 1 to EETW 8, TLSEW 1 to TLSEW6, MDW 1 to MDW 10 and LIW1 to LIW 2) – reg.

CBIC notifies Land Customs Stations and routes in Anandpara (India)

May 17, 2023 783 Views 0 comment Print

Notification in relation to Land Customs Stations and routes a) Anandpara (India) – Ramgarh (Bangladesh) via River Feni (b) The road from NH-8 in Anandpara (India) through Maitri Setu to Ramgarh (Bangladesh) by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November 1994 MINISTRY OF FINANCE (Department of Revenue) Notifications No. 35/2023 -Customs (N.T.) […]

Special Rights to Unitholders and Role of Sponsor in REITs & InvITs

May 16, 2023 1932 Views 0 comment Print

SEBI consultation paper on Special Rights to Unitholders and Role of Sponsor in REITs & InvITs is on proposals to strengthen governance norms for REITs and InvITs

 Failure to keep Money received for preferential issue in separate account – 2 Cr Penalty imposed 

May 15, 2023 3771 Views 0 comment Print

The violation of Section 42 of the Companies Act, 2013 pertains to the non-compliance of regulations regarding private placement of shares by a company. In this specific case, M/s. Payswiff Technologies Private Limited failed to adhere to the provisions of Section 42(6) of the Act, which requires the company to keep the funds received for […]

GST on reimbursement received from NEEM Trainer towards Stipend & other expenses

May 12, 2023 1545 Views 0 comment Print

In re Beeup Skills Foundation (GST AAAR Maharashtra) AAAR held that the reimbursement amount received by the Appellant from NEEM Trainer towards Stipend and other expenses incurred by the Applicant in accordance with AICTE (NEEM) Regulations to ensure wealth, safety and health of NEEM Trainees is not in the capacity of pure agent. In the […]

GST on Subsidized Canteen Services for Employees

May 5, 2023 6171 Views 0 comment Print

Explore the ramifications of GST on subsidized canteen services provided to employees, according to the Factories Act, 1948. Understand how recent court rulings and legal interpretations influence the tax implications of these services

NABARD Consultancy Services withdraw Advance Ruling Application

April 25, 2023 825 Views 0 comment Print

Read about the withdrawal of the Advance Ruling Application by NABARD Consultancy Services Private Limited in GST AAR Rajasthan. Understand the implications of the withdrawal and the absence of a ruling in this case.

No GST on Composite Supply of Medicines & Procedures for Inpatients in Hospitals

April 25, 2023 1749 Views 0 comment Print

In re Innovations Medi research Private Limited (AAR Rajasthan) AAR Rajasthan addresses two key questions regarding the composite supply of medicines and procedures for inpatients in hospitals. Firstly, it determines whether such supply qualifies as a composite supply. The ruling confirms that it does, considering the nature of various services bundled in the ordinary course […]

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