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Notifications/Circulars

Draft Aircraft (Amendment) Rules, 2022

July 6, 2022 1113 Views 0 comment Print

The following draft of certain rules further to amend the Aircraft Rules, 1937, which the Central Government proposes to make in exercise of the powers conferred by section 5 of the Aircraft Act, 1934 (22 of 1934),

IBBI warns IP & advised to be careful & ensure full compliance of IBC, 2016

July 5, 2022 657 Views 0 comment Print

It is observed that in accordance with the regulation 36 of the CIRP Regulations, Mr. Gupta has not mentioned the amount of claims, voting share, details of security interest, date of acquisition, cost of acquisition, remaining useful life, identification number, depreciation charged, book value, and any other relevant details related to assets, as on the […]

Rs.10 lakh penalty imposed for failure to co-opt MD as Additional Director

July 5, 2022 2406 Views 1 comment Print

(a) The company had appointed Mr. Sachin Barisal as the Managing Director and CEO of the Company (KMP) vide its Board Resolution dated 27.2.2020 for a period of five years from March 6 2020. (b) However, by inadvertence, the Board had omitted to co-opt him as Additional Director before appointing him as Managing Director.

Central Goods and Services Tax (Amendment) Rules, 2022

July 5, 2022 142698 Views 1 comment Print

CBIC notifies Central Goods and Services Tax (Amendment) Rules, 2022 vide Notification No. 14/2022-Central Tax | Dated: 5th July, 2022. 1. Notifications amends Following CGST Rules- Rule 21A– Suspension of registration, Rule 43 – Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases, Rule 46 – Tax […]

SEBI modifies Cyber Security/resilience framework of KYC Registration Agencies

July 5, 2022 477 Views 0 comment Print

All Cyber-attacks, threats, cyber-incidents and breaches experienced by KRAs shall be reported to SEBI within 6 hours of noticing / detecting such incidents or being brought to notice about such incidents.

CBIC extends compliance dates related to tax recovery & GST Refund

July 5, 2022 46257 Views 0 comment Print

CBIC extend dates of specified compliances related to recovery of tax not paid or short paid or of input tax credit wrongly availed or utilized, recovery of erroneous refund and computation of period of limitation for filing refund application in exercise of powers under section 168A of CGST Act vide Notification No. 13/2022-Central Tax | Dated: 5th […]

CBIC extends waiver of late fee for delay in filing FORM GSTR-4

July 5, 2022 7773 Views 0 comment Print

CBIC extend the waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22 till 28th day of July, 202 vide Notification No. 12/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 12/2022–Central Tax | Dated: 5th July, […]

CBIC extends due date of furnishing FORM GST CMP-08 for June 2022

July 5, 2022 11697 Views 0 comment Print

Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022 – Notification No. 11/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 11/2022–Central Tax | Dated: 5th July, 2022 G.S.R. 514(E). In […]

Taxpayers having AATO upto Rs. 2 crores exempted from annual GST return

July 5, 2022 14607 Views 0 comment Print

CBIC exempts taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual GST return (GSTR-9) for FY 2021-22 vide Notification No. 10/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 10/2022–Central Tax | Dated: 5th July, 2022 […]

CBIC notifies amendment to section 49 & 50 of CGST Act wef 05.07.2022

July 5, 2022 73608 Views 1 comment Print

CBIC notifies the provisions of clause (c) of section 110 and section 111 of the Finance Act, 2022.  Section 110 of Finance Act, 2022 related to amendment in Section 49 of of CGST Act, 2017 and section 111 of the Finance Act, 2022 relates to amendment in section 50 of the Central Goods and Services […]

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