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AOC-4 submission without Cash flow statement: ICAI Penalizes CA

June 26, 2024 357 Views 0 comment Print

ICAI found CA Anand Chauhan guilty of misconduct and imposed a ₹25,000 fine. Non-payment may lead to temporary removal from members’ register.

New Goods Notified Under Securities Contracts Regulation

June 26, 2024 1029 Views 0 comment Print

Ministry of Finance updates the list of goods under Securities Contracts (Regulation) Act, 1956, including cereals, oilseeds, spices, metals, and more as of June 26, 2024.

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2024

June 26, 2024 1425 Views 0 comment Print

SEBI announces amendments to Foreign Portfolio Investors Regulations 2024, impacting investment limits and conditions for NRIs and overseas citizens.

DGFT amends Procedure and Eligibility under Tariff Rate Quota Scheme

June 26, 2024 2001 Views 0 comment Print

Explore the latest DGFT amendment on TRQ Scheme procedures and eligibility criteria under Para 2.57 and 2.58 of the Handbook of Procedures 2023.

DGFT allows Additional areas of operation to 19 existing Pre-Shipment Inspection Agencies

June 26, 2024 1503 Views 0 comment Print

DGFT Public Notice 12/2024-25: Immediate expansion of agency operations in Appendix 2G of Foreign Trade Policy 2023. Read for detailed policy updates.

Time of Supply for Spectrum Usage and Similar Services under GST

June 26, 2024 2190 Views 0 comment Print

CGST Circular clarifies GST time of supply for spectrum usage services under deferred payment option, ensuring uniform application across field formations.

Place of Supply for Custodial Services Provided by Banks to Foreign Portfolio Investors

June 26, 2024 1260 Views 0 comment Print

CGST Circular clarifies place of supply for custodial services provided by banks to Foreign Portfolio Investors, ensuring uniform application of GST provisions.

ITC Entitlement for Insurance Companies on Motor Vehicle Repair Expenses under Reimbursement Claims

June 26, 2024 2793 Views 0 comment Print

Clarification on ITC entitlement for insurance companies on motor vehicle repairs under reimbursement claim settlement as per CGST Circular No. 217/11/2024.

GST on ESOP/ESPP/RSU provided through overseas holding company

June 26, 2024 2385 Views 0 comment Print

CGST Circular 213/07/2024 clarifies GST applicability on ESOP/ESPP/RSU provided by foreign holding companies to Indian subsidiaries’ employees.

Valuation of Imported Services by Related Party- Full ITC Eligibility: CGST Circular

June 26, 2024 4566 Views 0 comment Print

CGST Circular 210/4/2024 clarifies the valuation of import services by related persons with full ITC eligibility. Learn the key points and implications.

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