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Circulars

No interest on additional PPF account merged or closed

March 2, 2022 8457 Views 1 comment Print

In case any one of the PPF accounts or all the PPF accounts is/are proposed to be merged or amalgamated is / are opened on or after 12.12.2019, such account(s) shall be closed without any interest payment and no no proposal should be sent to the Postal Directorate for amalgamation of such PPF Accounts.

Guidelines for issuance of FORM GST DRC-07 in case of vehicles detained under E-way bill provisions

March 2, 2022 51828 Views 3 comments Print

In the Maharashtra Goods and Services Tax Department (MGSTD), the activity of interception of conveyances for verification of E-way bill is carried out by Enforcement officers as well as Non­-enforcement (Nodal) officers.

Clarification on Exclusion of employees of Regional Rural Banks from purview of EPF & MP Act, 1952

February 28, 2022 3849 Views 0 comment Print

Some RRB have paid EPS Contribution up to January 2020. The number of full year’s contribution period exceeds more than 24 years in respect of several employees who are in service prior to 1996.

Import of Goods at Concessional Rate of Custom Duty- Automation WEF 01.03.2022

February 27, 2022 9513 Views 0 comment Print

The process is being automated. The Rules prescribe the submission of the necessary details electronically, through the common portal. (The common portal is the one notified vide notification 33/2021 dated 29-03-2021 and accessible at the URL www.icegate.gov.in).

Data should be made available to users, ‘free of charge’: SEBI

February 25, 2022 1572 Views 0 comment Print

As far as the data provided by various data sources in Indian securities markets pursuant to regulatory mandates for reporting and disclosure in public domain are concerned, such data should be made available to users, ‘free of charge’ both for ‘viewing’ the data as also for download in the format as specified by regulatory mandate for reporting, as well as their usage for the value addition purposes

Swing pricing framework for mutual fund schemes – Extension of timeline

February 25, 2022 1023 Views 0 comment Print

SEBI had stipulated swing pricing framework for mutual fund schemes. Based on the request received from AMFI, it has been decided to extend the implementation date of the provisions of the aforesaid circular to May 1, 2022.

Guidelines for GST return scrutiny for tax periods 2017-18 & 2018-19

February 25, 2022 43902 Views 1 comment Print

The guidelines with respect to technical issues pertaining to return scrutiny have been issued vide Internal Circular referred at Sr. No. 02. However, there are certain legal issues which have arisen in the course of the work of GST return scrutiny.

Non-filer assessment orders under GST in cases of non-existent/genuine taxpayers

February 25, 2022 14979 Views 1 comment Print

Assessment of return non-filers u/s 62 is done as a measure to ensure filing of return. However, the taxpayers are’ detected as non-existent / non-genuine and the registrations are cancelled consequently, the issue of addressing the liability arising out of the UAO has cropped up which is dealt with in this circular.

Fee structure for Debenture Trustees in the IFSC

February 25, 2022 828 Views 0 comment Print

The following fee structure shall be applicable to all Debenture Trustees in the IFSC a) Application fee of USD 500; b) Registration fee of USD 2,500; For manner of payment for the above fees, refer to the circular Account Details for fee to be remitted to IFSCA dated September 08, 2021.

Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19

February 25, 2022 1518 Views 0 comment Print

Relaxation is hereby being given to intermediaries / market participants w.r.t. compliance with the prescribed timelines which has been extended to June 30, 2022 in view of the Covid-19 situation. The aforesaid relaxation shall be applicable for items No. 1-7 mentioned at para no. 2 above.

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