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Notifications/Circulars

NSE seek comment on XBRL for submission of Announcements pertaining to Corporate Debt Restructuring

January 16, 2023 855 Views 0 comment Print

Listed entities are required to submit periodical compliance filings to Stock Exchange(s) within prescribed timelines as laid down in SEBI Listing Regulations and accordingly it was mandated to report XBRL based filings for financials from year 2015 onwards.

SEBI allows meetings of unit holders of REITs through VC or OAVM

January 16, 2023 627 Views 0 comment Print

SEBI allows Investment Manager of REITs to conduct meetings of unit holders through Video Conferencing or Other Audio Visual means.

Central Motor Vehicles (First Amendment) Rules, 2023

January 16, 2023 57612 Views 4 comments Print

Government notifies that wef 01.04.2023 All Govt department owned vehicles Motor Vehicle registration certificates to be cancelled on completion of 15 years from initial registration of vehicle. Except SPV used for defence purpose in other words 15 year rule shall not apply to the special purpose vehicles (armoured and other specialised vehicles) used for operational […]

Incentive scheme for promotion of RuPay Debit Cards & low-value BHIM-UPI transactions (P2M)

January 14, 2023 1386 Views 0 comment Print

The Government is taking various initiatives to promote digital payments. Over past few years, digital payment transactions have witnessed tremendous growth across the country with the number of transactions growing from 2,071 crore in FY2017-18 to 8,840 crore in FY2021-22.

Clarifications regarding applicability of GST on certain services

January 13, 2023 3963 Views 0 comment Print

CBIC clarifies vide Circular No. 190/02/2023- GST Dated 13th January, 2023 on Applicability of GST on accommodation services supplied by Air Force Mess to its personnel and Applicability of GST on incentive paid by Ministry of Electronics and Information Technology (MeitY) to acquiring banks under Incentive scheme for promotion of RuPay Debit Cards and low […]

CBIC clarifies on GST rates and classification of certain goods

January 13, 2023 5721 Views 0 comment Print

CBIC issue Circular No. 189/01/2023-GST Dated: 13th January, 2023 and clarifies on classification of Rab, Applicability of GST on by-products of milling of Dal/ Pulses such as Chilka, Khanda and Churi/Chuni, classification of  ‘Carbonated Beverages of Fruit Drink’ or ‘Carbonated Beverages with Fruit Juice’, Applicability of GST on Snack pellets manufactured through extrusion process (such […]

IBBI suspends Insolvency Professional for Non-cooperation with Inspecting Authority

January 13, 2023 1209 Views 0 comment Print

DC notes that irrespective of numerous reminders dated 11.03.2022, 09.05.2022 and 11.05.2022 sent to Mr. Ranjeet Kumar Verma for providing documents and furnish records, he did not cooperate with IA in the conduct of inspection.

GST- Avoidance of undue harassments to taxpayers – Instructions

January 13, 2023 12579 Views 0 comment Print

It is noticed that summons, notices and letters are being issued to taxpayers in a routine and casual manner and in piecemeal calling for information/documents and in many cases, the taxpayers were also required to furnish copies of returns and records which are very well available in the portal itself. This kind of attitude is viewed by the Trade bodies as harassment and pressure tactics and thus brings disrepute to the Department.

CBIC directs offers/Officials to follow Cyber Security Guidelines

January 13, 2023 798 Views 0 comment Print

All officers/officials of Department of Revenue are required to follow the following Cyber Security Guidelines issued by the NIC to ensure Cyber Security in Department:-

Sovereign Green Bonds (SGrBs)-Categorisation and Classification

January 13, 2023 1308 Views 0 comment Print

Investment in Sovereign Green Bonds shall be treated as Investment in Infrastructure and shall be classified as Central Government Securities under Category Code CSGB

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