Central Government’s Notification on Further Activities Considered as Money-Laundering under Prevention of Money-Laundering Act, 2002 The Central Government has issued a notification regarding the activities that are considered as money-laundering under sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002. The notification specifies that certain activities, […]
Notification No. 05/2023-Integrated Tax (Rate) Dated: 9th May, 2023- CBIC extends Time limit for filing Annexure -V to opt for Forward Charge Mechanism (FCM) for Transporters for the FY 2023-24 to 31st May 2023. Also Read Similar CGST Notification No. 05/2023- Central Tax (Rate) Dated: 9th May, 2023 Ministry of Finance (Department of Revenue) New […]
CBIC extends Time limit for filing Annexure -V to opt for Forward Charge Mechanism (FCM) for Transporters for the FY 2023-24 to 31st May 2023 vide Notification No. 05/2023- Central Tax (Rate) Dated: 9th May, 2023 Also Read Similar IGST Notification No. 05/2023- Integrated Tax (Rate) Dated: 9th May, 2023 Ministry of Finance (Department of Revenue) […]
DGGI detected a case involving evasion of GST on acquisition of compulsorily convertible debentures. Pursuant to detection an amount exceeding Rs. 56 Crores has been recovered.
Learn about the penalty imposed by the MCA on a CFO for violating company law by holding office in more than one company. Detailed analysis and implications provided.
Central Government hereby appoints the following officers of the Directorate of Enforcement specified in Column(2) of the Table below as the Adjudicating Authorities for holding an inquiry in the manner prescribed after giving a reasonable opportunity of being heard for the purpose of imposing any penalty
Import of Apples under ITC (HS) 08081000 is ‘Prohibited’ wherever the CIF Import Price is less than equal to Rs. 50/- per kilogram. Minimum Import Price (MIP) conditions shall not be applicable for imports from Bhutan.
A non-performing asset is a loan or an advance where: (i) Interest and / or installment of principal remain overdue1 for a period of more than 90 days in respect of a Term Loan. (ii) The account remains ‘out of order’2 , in respect of an Overdraft / Cash Credit (OD/CC) and all other loan products being offered as an overdraft facility, including those not meant for business purposes and/or which entail interest repayments as the only credits.
Technology Advisory Committee (TAC), MIIs are hereby directed to ensure the following requirements while establishing the testing framework of their IT systems/applications
IBC casts duty on IP to carefully plan his actions and not be negligent while performing his functions and duties under Code. It is the professional’s responsibility and duty to actively and consciously perform his functions, and there should be no lapses while discharging his functions.
