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Notifications/Circulars

IBBI warns IP to be more careful and vigilant in conducting CIRP

August 5, 2022 381 Views 0 comment Print

DC notes that Mr. Aditya Agrawal should have been more careful and vigilant in conducting the CIRP and should have updated his professional knowledge and kept up with the IBC jurisprudence advanced by the Supreme Court. The DC is also of the considered opinion that the lapse committed by Mr. Aditya Agrawal is relatively minor […]

Customs Exchange rate for Import & Export wef 5th August, 2022 

August 4, 2022 3333 Views 0 comment Print

Exchange rate Notification No. 66/2022-Cus (NT) dated 04.08.2022  notifying exchange rate with effect from 5th August, 2022 against Indian Rupees for Import and Export. Government Of India Ministry Of Finance Department Of Revenue Central Board Of Indirect Taxes And Customs New Delhi ***** Notification No. 66/2022 – Customs (N.T.) | Dated: 4th August, 2022 In exercise […]

DGFT removes requirement of BIS certification for import of ‘Hexane, Food Grade’

August 4, 2022 1629 Views 0 comment Print

The requirement for BIS certification for import of ‘Hexane, Food Grade’ is removed, with immediate effect vide Notification No. 24/2015-2020-DGFT | Dated: 4th August 2022. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Notification No. 24/2015-2020-DGFT | Dated: 4th August 2022 Subject: Amendment […]

Guidelines for Renewal/Redemption of MLTGD

August 4, 2022 630 Views 0 comment Print

The redemption of principal at maturity shall, at the option of the depositor, be either in Indian Rupee equivalent of the value of deposited gold at the time of redemption, or in gold. However, any premature redemption of MLTGD shall be only in INR.

ICAI removes name of 4 members for Professional Misconduct

August 4, 2022 1638 Views 0 comment Print

ICAI vide Notifications dated 4th August, 2022 notified removal of name of 4 Chartered Accountants from the Register of Members for a period ranging from 15 days to 5 years. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) NOTIFICATION New Delhi, the 4th August, 2022 (CHARTERED ACCOUNTANTS) F. No. […]

SEBI guidelines on security creation and initial due diligence

August 4, 2022 1620 Views 0 comment Print

SEBI issues Enhanced guidelines for debenture trustees and listed issuer companies on security creation and initial due diligence

IBBI directs IP to work as an intern with a senior IP for 3 Months

August 4, 2022 477 Views 0 comment Print

DC notes that there were practical challenges particularly with regard to non-availability of documents and non-cooperation of the CD in the CIRP of the CD. At the same time, the DC also finds that the conduct of Mr. Rohit Aggarwal depicts that he has failed to understand the Code/Regulations in letter and spirit as statutory […]

Clarification on GST rates & classification (goods) – 47th GST Council meeting

August 3, 2022 12531 Views 0 comment Print

F. No. CBIC-190354/172/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) North Block, New Delhi Circular No. 179/11/2022-GST | Dated: 3rd August, 2022 To, Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/ Commissioners of Central Excise & Central Tax Madam/ Sir, Subject: Clarification regarding GST rates & […]

GST on liquidated damages, compensation & penalty out of breach of contract

August 3, 2022 38997 Views 0 comment Print

GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law

CBIC clarifies GST rates & exemptions on 16 services

August 3, 2022 27051 Views 1 comment Print

Rate of GST applicable on supply of ice-cream by ice-cream parlors during the period from 01.07.2017 to 05.10.2021; Applicability of GST on application fee charged for entrance or the fee charged for issuance of eligibility certificate for admission or for issuance of migration certificate by educational institutions;

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