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Notifications/Circulars

FDI Policy amended to permit foreign investment in LIC to 20%

March 14, 2022 1200 Views 0 comment Print

Review of FDI Policy for permitting foreign investment in Life Insurance Corporation of India (LIC) and other modifications for further clarity of the existing FDI Policy.

Exemption from SGST allowed to movie ‘Kashmir Files’ in Karnataka

March 14, 2022 1863 Views 0 comment Print

Government of Karnataka has directed to allow for State GST (SGST) benefit to the cinematographic shows of the movie The Kashmir Files.

Weekly newsletter from Chairman, CBIC dated 14/03/2022

March 14, 2022 600 Views 0 comment Print

This was amply borne out last week when Hon’ble Union Minister for Finance and Corporate Affairs and the Ministers of State for Finance graced the Investiture Ceremony for honoring 53 officers awarded the President’s Award for Specially Distinguished Record of Service and Exceptionally Meritorious Service at the Risk to Life.

Proper officer for adjudication of SCN issued by officers of DGGI

March 12, 2022 18495 Views 0 comment Print

Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on ‘Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017’–reg. F.No. CBI C-20016/2/2022-GST Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes& Customs, GST […]

RBI directs Paytm to not to onboard new customers

March 11, 2022 1083 Views 0 comment Print

Reserve Bank of India directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of new customers. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system.

Haryana govt allows reimbursement of SGST on film titled ‘The Kashmir Files’

March 11, 2022 2472 Views 0 comment Print

Government of Haryana has allowed for reimbursement of State GST on entry to exhibition of film ‘The Kashmir Files’ in cinemas theaters of the State from the date of this order subject to the following conditions: –

CBIC Notifies Rate of Exchange of Turkish Lira wef 12.03.2022

March 11, 2022 726 Views 0 comment Print

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 4th January, 2022 vide Notification No. 16/2022 – Customs (N.T.) | Dated: 11th March, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS New Delhi ***** Notification No. 16/2022 – Customs (N.T.) | Dated […]

Negotiated Large Trade facility on Stock Exchanges

March 11, 2022 372 Views 0 comment Print

In order to facilitate connects of recognised stock exchanges in IFSC with international exchanges, the price limits on NLT facility mentioned at clause 2(b) of circular dated June 22, 2021 may be aligned with the international exchange for such derivatives products that are having connect with any international exchange;

Guidelines for Scheme for Strengthening of Pharmaceuticals Industry (SPI)

March 11, 2022 1500 Views 1 comment Print

The Pharmaceuticals industry a key sector for achieving wellness for all Indians. It is also an important sector in terms of providing employment to trained personnel. Atmanirbhar Bharat envisages self-reliance in terms of healthcare products, among other things, for people of India.

Appointment of Common Adjudicating authority for adjudicating SCNs issued by DGGI

March 11, 2022 7032 Views 0 comment Print

Notification No. 02/2022-Central Tax dated 11th March, 2022 empowers Additional Commissioners of Central Tax/ Joint Commissioners of Central Tax of some of the specified Central Tax Commissionerates, with All India Jurisdiction for the purpose of adjudication of the show cause notices issued by the officers of the Directorate General of Goods and Services Tax Intelligence. […]

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