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Notifications/Circulars

GST Refund sanction in FORM GST RFD-06 should be speaking order: CBIC

June 14, 2022 23205 Views 0 comment Print

CBIC vide Instruction No. 03/2022-GST instructs GST officials to upload Speaking Order along with GST Refund sanction order in FORM GST RFD-06 and also specified that Post-Audit may be conducted within 3 months from issue of FORM GST RFD-06 order for GST Refund claims exceeding Rs. 1 Lakh. F. No. CBEC-20/16/35/2019-GST Government of India Ministry […]

Cost Inflation Index for Financial Year 2022-23

June 14, 2022 20109 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022.

Changes in ITBA functionalities for Faceless Assessment

June 14, 2022 6774 Views 0 comment Print

Roll out of first phase of changes in ITBA functionalities for Faceless Assessment due to amendments in Section 144B by Finance Act, 2022. National Faceless Assessment Centre, Delhi 4th Floor, Mayur Bhawan, Connaught Lane, Connaught Place, New Delhi 110001 NaFAC/Delhi/CIT-I/2021-22/105 /49 | Dated: 14/06/2022 To, All PCCIT (CCA) Sub: Roll out of first phase of […]

IBBI taken no action against 70 year old IP who surrendered application

June 14, 2022 507 Views 0 comment Print

DC finds that Mr. Venkata Nagulapati has contravened the section 208(2)(a) and 208(2)(e) of the Code read with regulation 7(2) of GCHP Regulation and regulation 7(2)(a) and 7(2)(h) of IP Regulations, clause 19 of the Code of Conduct. However, considering the facts that Venkata Nagulapati has attained the age of more than 70 years and […]

Additional conditions for TRQ allocation of Crude Soya bean/ Sunflower oil

June 14, 2022 846 Views 0 comment Print

Changes are made in Public Notice 10/2015-20 dated 24.05.2022 for notifying additional provisions for allocation of Tariff Rate Quota (TRQ) for 20 Lakh MT of Crude Soya bean oil and 20 Lakh MTs of Crude Sunflower oil for FY 2022-23 and 2023-24. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General […]

Bank finance to Government owned entities

June 14, 2022 1248 Views 0 comment Print

We have come across instances where banks have not been strictly complying with our extant instructions on assessment of commercial viability, ascertainment of revenue streams for debt servicing obligations and monitoring of end use of funds in respect of their financing of infrastructure/ housing projects of government owned entities.

Upgradation of MahaRERA IT System

June 13, 2022 459 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRERA/Secy/143/2022 Dated: 13/06/2022 Notification-cum-Advisory Sub: – Upgradation of MahaRERA IT System Promoters and Real Estate Agents are hereby informed that MahaRERA is upgrading its IT System in the matter of application registration process relating to applications submitted for registration of real estate projects as well as for real estate […]

Solvency Margin requirement for crop insurance relaxed by IRDAI

June 13, 2022 1086 Views 0 comment Print

remium receivables related to State / Central Government sponsored schemes for all quarters of the FY 2022-23 and onward to the extent that they are not realized within a period of 365 days shall be placed with value zero.

Advisory on Advertisements of Online Betting Platforms

June 13, 2022 594 Views 0 comment Print

No. DM/15/2022-DM Government of India Ministry of Information & Broadcasting A Wing, Shastri Bhawan New Delhi-110001 Dated 13th June, 2022 ADVISORY To i. Newspapers registered under Press and Registration of Books Act, 1867 ii. Private Satellite Television Channels iii. Publishers of news and current affairs content on digital media Subject: Advisory on Advertisements of Online […]

DGFT amends procedure for issue of GAICT of SCOMET items

June 13, 2022 2487 Views 0 comment Print

Existing entry at Paragraph 2.79F has been substituted in the Handbook of Procedures (HBP) of the Foreign Trade Policy (FTP) 2015-20 to amend the procedure for issue of Global Authorisation for Intra-Company Transfer (GAICT) of SCOMET items including software and technology. Henceforth, GAICT policy would be applicable only for export / re-export of items, including […]

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