It is to be clarified that NEFT and RTGS are separate products. The SOP circulated for Post Offices in Annexure II of the said order is for NEFT only. RTGS functionality is currently under testing and is expected to be rolled out by 31.05.2022.
International Financial Services Centres Authority (IFSCA) has issued a circular outlining the framework for aircraft leasing in International Financial Services Centres (IFSCs). The circular, based on powers granted under the IFSCA Act, 2019, classifies aircraft leasing—including operating, financial, and hybrid leases—as financial products. It extends this classification to aircraft ground support equipment and aviation training […]
The beneficiaries must own or lease any fisheries related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, boats, nets and such other fishing gear as the case may be and possess necessary authorisation/certification as may be applicable in respective states for fish farming and fishing related activities and for any other state specific fisheries and allied activities.
A request has also been received from the High Commissioner of Bangladesh in New Delhi in which it has been informed that containers going from India to Bangladesh by rail are returning empty after delivering India’s export goods there and that Bangladesh companies have expressed interest to use such empty containers to export their products to India.
It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their Systems on or prior to 13.5.2022, such consignments may also be allowed to be exported, as provided in Para 9.12 (B) of the Handbook of Procedure, 2015-2020.
The provision of higher TDS under section 206AB is not applicable on tax to be deducted under sections 194-1A, 194-IB and 194M. This is in addition to already existing provision of its non-applicabilily on tax to be deducted under sections 192, 192A, 194B, 194BB, 194LBC and 194N.
CBIC extends due date of payment of tax for the month of April, 2022 by taxpayers under QRMP scheme in FORM GST PMT-06 till 27th May, 2022
CBIC Extends due date of filing FORM GSTR3B for the month of April 2022 till the 24th day of May, 2022
Wheat export Prohibition not applies to consignments handed over to Customs for examination & registered into their systems on or prior to 13.5.2022
Central Government hereby appoints the Twelve Non Official Member of the Agricultural and Processed Food Products Export Development Authority (APEDA ) for a period of two years. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 17th May, 2022 S.O. 2272(E).—In exercise of the powers conferred by sub-section (4) of section 4 […]
