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Notifications/Circulars

Delay in filing of e-form BEN-2 MCA imposes penalty on Company & Directors

September 18, 2024 246 Views 0 comment Print

Ferozepur Foods Energy Pvt Ltd faces penalties for failing to declare significant beneficial owners, violating Section 90(4A) of the Companies Act, 2013.

Food Safety and Standards (Contaminants, Toxins and Residues) Amendment Regulations, 2024

September 18, 2024 303 Views 0 comment Print

FSSAI seeks feedback on draft amendments to food safety regulations addressing contaminants, toxins, and residues. Comments accepted for 60 days.

Competition Commission of India (General) Regulations, 2024

September 17, 2024 873 Views 0 comment Print

The CCI General Regulations, 2024, outline procedures for filing, translations, and expert involvement in competition law cases under the Competition Act, 2002.

Final Chance to Report ITC Reversal Opening Balance

September 17, 2024 8202 Views 0 comment Print

Taxpayers have until Oct 31, 2024, to report ITC reversal opening balances in the new Electronic Credit Reversal and Re-claimed Statement before it locks. Amendments allowed till Nov 30.

SEBI (Issue and Listing of Non-Convertible Securities) (Second Amendment) Regulations, 2024

September 17, 2024 1434 Views 0 comment Print

SEBI issues Notification No. 205, amending non-convertible securities regulations, effective from September 17, 2024.

Windfall tax on crude petroleum reduced to Rs. Nil per tonne wef 18.09.2024

September 17, 2024 486 Views 0 comment Print

The Ministry of Finance reduces the excise duty to nil per tonne for an item under Notification No. 25/2024, effective 18th September 2024.

Interest Equalisation Scheme: Subvention Cap: Rs 5 Cr for MSMEs, Rs 2.5 Cr for Exporters

September 17, 2024 987 Views 0 comment Print

DGFT revises Interest Equalisation Scheme, capping subvention amounts for IEC holders until 30th Sept 2024. MSME and exporters to comply with new limits.

CBDT Revises Monetary Limits for Tax Income Tax Appeals

September 17, 2024 11496 Views 0 comment Print

CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, to reduce litigation.

Weekly newsletter from Chairman, CBIC dated 17.09.2024

September 17, 2024 615 Views 0 comment Print

CBIC weekly update covers GST Council decisions, extended export benefits, DGGI conference highlights, and IRS officer’s triathlon achievement.

Customs Automation Update for EOUs from 25th September 2024

September 17, 2024 510 Views 0 comment Print

New CBIC circular implements automation for EOUs under Customs Rules, effective September 25, 2024, addressing registration and clearance issues.

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