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Circulars

New KPI formats under GST Act from 1st April 2022

March 16, 2022 2211 Views 0 comment Print

The old GST monthly KPI as prescribed in Internal Circular 33A of 2019 will be discontinued from March 22 and the new KPI formats as prescribed by this Internal Circular will be applicable from 1st April 2022, for reporting the periods March 2022 onwards on monthly basis.

Guidelines for Operational Activities – to be followed by Point of Presence (PoPs-NPS-Lite)

March 16, 2022 1161 Views 0 comment Print

Guidelines For The Points Of Presence Registered Under Regulation 3(1)(iv) – NPS-LITE-Swavalamban Scheme Of Pension Fund Regulatory And Development Authority (Point Of Presence) Regulations, 2018, And Amendments Thereof.

Discontinuation of usage of pool accounts for transactions in units of Mutual  Funds

March 15, 2022 2391 Views 0 comment Print

circular no. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2021/635 dated October 4, 2021,, inter alia, required that stock brokers / clearing members facilitating mutual fund transactions shall not accept payment through one-time mandate or issuance of mandates/ instruments in their name for mutual fund transactions. However, one-time mandates in favour of SEBI recognized Clearing Corporations may be accepted.

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

March 15, 2022 97008 Views 1 comment Print

CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source (TDS) on Salary or Income Tax Payable on Salary for the Financial Year 2021-22 / Assessment Year 2022-23.  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION […]

FDI Policy amended to permit foreign investment in LIC to 20%

March 14, 2022 1200 Views 0 comment Print

Review of FDI Policy for permitting foreign investment in Life Insurance Corporation of India (LIC) and other modifications for further clarity of the existing FDI Policy.

Exemption from SGST allowed to movie ‘Kashmir Files’ in Karnataka

March 14, 2022 1863 Views 0 comment Print

Government of Karnataka has directed to allow for State GST (SGST) benefit to the cinematographic shows of the movie The Kashmir Files.

Negotiated Large Trade facility on Stock Exchanges

March 11, 2022 372 Views 0 comment Print

In order to facilitate connects of recognised stock exchanges in IFSC with international exchanges, the price limits on NLT facility mentioned at clause 2(b) of circular dated June 22, 2021 may be aligned with the international exchange for such derivatives products that are having connect with any international exchange;

SOP on extension of time limit to apply for revocation of cancellation of GST registration

March 10, 2022 29913 Views 0 comment Print

SOP on extension of time limit to apply for revocation of cancellation of GST registration

SEBI increased limit for investment in public issue via UPI mechanism to Rs. 5 lakh

March 8, 2022 1398 Views 0 comment Print

In order to bring about uniformity in the requirements and for ease of investment for investors, it has been decided to increase the limit for investment through UPI mechanism to Rs. 5 lakh.

RBI Guidelines on Issue of Preference Shares/ Debt Capital Instruments for UCBs

March 8, 2022 4962 Views 0 comment Print

Reserve Bank of India RBI/2021-22/179 DOR.CAP.REC.92/09.18.201/2021-22 March 08, 2022 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Issue and regulation of share capital and securities – Primary (Urban) Co-operative Banks The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 […]

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