Few States have requested for extension of payment of GST compensation beyond transition period of five years. As per Section 18 of the Constitution (One Hundred and First Amendment) Act, 2016
Currently, crpyto assets are unregulated in India. The government does not register crypto exchanges. Crypto assets by definition are borderless and require international collaboration to prevent regulatory arbitrage.
SEBI Consultation paper on strengthening Investor Grievance Redressal Mechanism in Indian Securities Market by harnessing Online Dispute Resolution mechanisms
Comply with the mandatory CPE hours’ requirements for the Calendar Year 2022 and block period (2020-2022) till 31st December 2022 as no further extension
The figures of Direct Tax collections for the Financial Year 2022-23, as on 17.12.2022 show that net collections are at Rs. 11,35,754 crore, compared to Rs. 9,47,959 crore in the corresponding period of the preceding Financial Year i.e FY 202122, representing an increase of 19.81%.
Over the past 5 years, the GST Council through its various meetings have furthered the cause of co-operative federalism by addressing a number of GST related issues through dialogue. During this period tax related issues pertaining to Central levy and States levy were treated uniformly and resolutions were agreed upon only after extensive deliberations and discourse amongst the members.
48th Meeting of the GST Council – 17th December, 2022 Union Finance Minister Smt. Nirmala Sitharaman chairs 48th Meeting of the GST Council via virtual mode in New Delhi GST Council recommends to decriminalise certain offences u/s 132, increase in threshold of amount of tax for prosecution and reduction in amount of compounding in GST […]
Ministry of Commerce & Industry Year End Review 2022 for Department of Commerce, Ministry of Commerce and Industry India’s merchandise registers a positive growth of 12.6% from April-October, 2021-22 to April-October, 2022-23 India’s Services export registers a positive growth of 31.43% from April-October, 2021-22 to April-October, 2022-23 Centre takes several proactive policy amendments to facilitate […]
As per sec 139AA of income tax act 1961, every person who has been allotted PAN as on 01.07.2017 and who is eligible to obtain Aadhaar Number have compulsorily link their Aadhaar and pan on or before 31st March 2023 With paying late fee as per Circular No. 7/2022 dated 30/3/2022. As per Income tax […]
We would like to draw your attention to an article titled Don’t rely on Insurance Agents or CAs for financial advise published in the ‘Deccan Herald’ dated 05.12.2022. The article written by Ms. Mrin Agarwal, Director, Finsafe India
