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Notifications/Circulars

GST: Guidelines for recovery proceedings under section 79

March 15, 2022 5322 Views 0 comment Print

Guidelines for recovery proceedings under the provisions of section 79 of the HGST Act, 2017 in cases covered under explanation to sub-section (12) of section 75 of the HGST Act, 2017

Operationalisation of new online IT Module for Interest Equalisation Scheme w.e.f. 01.04.2022.

March 15, 2022 1857 Views 0 comment Print

As a first step, any exporter seeking to apply under IES, need to register on the DGFT Website (if not already registered). It may be ensured that applicant’s IEC is linked to its online account, the IEC (ANF-2A) and the Exporter-Importer Profile(ANF-1) is updated to reflect correct and up-to-date details.

Discontinuation of usage of pool accounts for transactions in units of Mutual  Funds

March 15, 2022 2391 Views 0 comment Print

circular no. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2021/635 dated October 4, 2021,, inter alia, required that stock brokers / clearing members facilitating mutual fund transactions shall not accept payment through one-time mandate or issuance of mandates/ instruments in their name for mutual fund transactions. However, one-time mandates in favour of SEBI recognized Clearing Corporations may be accepted.

Tariff Notification No. 17/2022-Customs (N.T.) Dated: 15.03.2022

March 15, 2022 870 Views 0 comment Print

Tariff Notification No. 17/2022-Customs (N.T.) Dated: 15.03.2022 – Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 17/2022-CUSTOMS (N.T.) | Dated: 15th March, 2022 S.O. 1166(E).—In exercise of the powers conferred by […]

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

March 15, 2022 97011 Views 1 comment Print

CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source (TDS) on Salary or Income Tax Payable on Salary for the Financial Year 2021-22 / Assessment Year 2022-23.  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION […]

Master Direction – RBI (Regulatory Framework for Microfinance Loans) Directions, 2022

March 14, 2022 4983 Views 0 comment Print

A microfinance loan is defined as a collateral-free loan given to a household having annual household income up to ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children.

IP cannot withdraw fee without the approval of the CoC: IBBI

March 14, 2022 1917 Views 0 comment Print

The DC notes that an amount of Rs. 1,51,928/- was paid to Ms. Gupta in terms of the direction of the Hon’ble NCLAT vide order dated 01.08.2017. Subsequently, Ms. Rita Gupta withdrew an amount of Rs.19,28,340/- on 26.03.2018 without the approval of the CoC. The total fee payable to Ms. Rita Gupta, as approved by […]

Mewar Chamber of Commerce & Industry, Rajasthan is enlisted under Appendix 2E of FTP, 2015-2020

March 14, 2022 1074 Views 0 comment Print

Mewar Chamber of Commerce & Industry, Rajasthan is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non Preferential).

RBI notifies non-applicability of Sections 45IA, 45IB & 45IC to NBFCs

March 14, 2022 4047 Views 0 comment Print

Sections 45IA, 45IB and 45IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company (i) which is (a) providing only microfinance loans as defined under the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022, provided the monthly loan obligations of a household does not exceed 50 per cent of the monthly household income

Reducing Delays In Litigation Management – Reg.

March 14, 2022 2265 Views 0 comment Print

Field formations under your jurisdiction may be suitably sensitized to forward SLP/Civil Appeal proposals through LIMBS as well as through e-office mode, till the LIMBS application is stabilized and the same is used efficiently by the field formations.

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