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Notifications/Circulars

ESOP can be granted by company to Doctors exclusively employed with subsidiary

October 19, 2022 4293 Views 0 comment Print

Q. Upon listing of the Company, will it be permissible, as per the SEBI SBEB & SE Regulations, for stock options to be granted under the ESOP Plan 2013 to the doctors who are proposed to be engaged as Eligible Employees. i. Regulation 2(1)(i)(i) of the Securities and Exchange Board of India (Share Based Employee […]

Exemption from generation of e-way bill for movement of vehicles for testing

October 18, 2022 4311 Views 0 comment Print

TNGST Act, 2017 – Tvl. Mahindra & Mahindra ­Exemption from generation of e-way bill for the movement of vehicles for the purpose of testing under rule 138 (14) (d) of TNGST Rules, 2017 ­Notification issued.

Admissibility of assurance benefits payable in lieu of EDLI Scheme,1976

October 18, 2022 1461 Views 0 comment Print

Even where an employee has died while in service, some offices are rejecting the claims saying that the contribution was not received during the previous few days and therefore the EDLI benefits are not payable on account of such NCP days.

All insurance products shall cover mental illness: IRDAI

October 18, 2022 2397 Views 0 comment Print

IT is reiterated that all insurance products shall cover mental illness and comply with provisions of MHC Act, 2017 without any deviation.

MSME benefit after upward change in investment in machinery or turnover or both?

October 18, 2022 3204 Views 0 comment Print

In case of an upward change in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category (micro or small or medium) it was in before the re-classification, for a period of three years from the date of such upward change.”

Format to announce Acquisition, Amalgamation, Merger/De-merger etc

October 18, 2022 1035 Views 0 comment Print

Comments / feedback on the XBRL being introduced for submission of Announcements pertaining to Acquisition, Amalgamation, Merger/De-merger, Sale or disposal of unit, Other Restructuring

Partial Modification of the Membership of GST Law Committee

October 17, 2022 882 Views 0 comment Print

F.No. 251Committees-1/GST Council-Part-1 GST Council Secretariat 5th Floor, Tower-II Jeevan Bharti Building, New Delhi Dated: 17-10-2022 OFFICE MEMORANDUM Subject: Partial Modification of the Membership of the Law Committee (LC) In partial modification to the Office Memorandum of even no. dated 29th May 2017, 30th November 2018, 22nd January 2019. 05th March 2019, 20th August 2019, […]

Guidelines on Establishment & Closure of Liaison Office in India by Insurance Company registered outside India

October 17, 2022 1317 Views 0 comment Print

Overseas Insurer applying for opening of LO should have a financially sound track record. A profit making track record during the immediately preceding three financial years in the home country and net worth of not less than USD 65 million shall be the minimum requirement for applying for opening a Liaison office in India.

Weekly newsletter from Chairman, CBIC dated 17/10/2022

October 17, 2022 984 Views 0 comment Print

CGST, Customs & Central Excise, Bhopal Zone reported having detected a case relating to an assesse engaged in the supply of exempted as well as taxable goods while not reversing the proportionate Input Tax Credits (ITC). It is estimated that the extent of evasion would exceed Rs. 200 Crores, Out of this an amount of Rs. 50 Crores was reversed by the assesse.

Special Additional Excise Duty on Diesel increased to Rs. 10.50 per litre

October 15, 2022 585 Views 0 comment Print

Seeks to further amend Notification No. 04/2022-Central Excise, dated the 30th June, 2022, to increase the Special Additional Excise Duty on Diesel to Rs. 10.50 per litre vide Notification No. 35/2022-Central Excise | Dated: the 15th October, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2022-Central Excise | Dated: the 15th October, […]

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