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Term ‘Sub-standard lives’ mentioned in IRDAI (Health Insurance) Regulations 2016 revised

February 28, 2023 1446 Views 0 comment Print

The underwriting policy shall also cover the approach and aspects relating to offering health insurance coverage. It shall have in place various objective underwriting parameters to differentiate the various classes of risks being accepted in accordance with the respective risk categorization

IBBI caution IP for not providing calculation & method in valuation report

February 28, 2023 1218 Views 0 comment Print

IBBI notes the submission of Ms. Gunjan Agarwal that she has done aging analysis of trade receivables and thereby categorized in six categories A (15%) to E (2.5%) and that some debtors whose balance consists of 2 categories, i.e., within 2 years and also included an amount outstanding for more than 2 years, accordingly FV […]

Service Tax on agreeing to obligation to refrain from an act or to tolerate an act or a situation

February 28, 2023 14739 Views 0 comment Print

It is clarified that activities contemplated under section 66E(e), i.e. when one party agrees to refrain from an act, or to tolerate an act or a situation, or to do an act, are the activities where agreement specifically refers to such an activity and there is a flow of consideration for this activity.

GST compensation cess rate on Coal rejects supplied to or by a coal washery

February 28, 2023 6255 Views 0 comment Print

Coal rejects supplied to a coal washery or by a coal washery, arising out of coal on which compensation cess has been paid and input tax credit thereof has not been availed by any person

Duty exemption on tag, tracking device or data logger already affixed on container at the time of import

February 28, 2023 1497 Views 0 comment Print

A device such as tag, tracking device or data logger already affixed on the container at the time of import shall also be eligible for exemption from the duty of customs and the integrated tax as is available to the said container under this notification.

SEBI (Depositories and Participants) (Amendment) Regulations, 2023

February 28, 2023 3399 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2023.

UTGST exempt on Rab which is not pre-packaged & labelled

February 28, 2023 1155 Views 0 comment Print

Seeks to amend notification No.2/2017-Union Territory Tax (Rate), dated the 28th June, 2017 vide Notification No. 04/2023- Union Territory Tax (Rate) Dated : 28th February, 2023- CBIC exempts UTGST on Rab, other than pre-packaged and labelled. MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2023- Union Territory Tax (Rate) Dated : 28th February, 2023 G.S.R. […]

UTGST rates revised on Jaggery, Khandsari Sugar Rab & Pencil sharpeners

February 28, 2023 1038 Views 0 comment Print

Seeks to amend Notification No.1/2017-Union Territory Tax (Rate), dated the 28th June, 2017 vide Notification No. 03/2023-Union Territory Tax (Rate) Dated: 28th February, 2023 to notify revised UTGST Rates on Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled; Rab, pre-packaged and labelled and Pencil sharpeners. […]

IGST exempt on Rab which is not pre-packaged and labelled

February 28, 2023 969 Views 0 comment Print

Seeks to amend notification No.2/2017- Integrated Tax (Rate), dated the 28th day of June, 2017 vide Notification No. 04/2023- Integrated Tax (Rate) |Dated : 28th February, 2023 – CBIC exempts IGST on Rab, other than pre-packaged and labelled. MINISTRY OF FINANCE (Department of Revenue) Notification No. 04/2023- Integrated Tax (Rate) |Dated : 28th February, 2023 […]

IGST rates revised on Jaggery, Khandsari Sugar Rab & Pencil sharpeners

February 28, 2023 1734 Views 0 comment Print

Seeks to amend notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017 vide Notification No. 03/2023-Integrated Tax (Rate) Dated: 28th February, 2023 to notify revised IGST Rate on Jaggery of all types including Cane Jaggery (gur), Palmyra Jaggery, pre-packaged and labelled; Khandsari Sugar, pre-packaged and labelled; Rab, pre-packaged and labelled and Pencil sharpeners. MINISTRY OF […]

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