Explore the guidelines for issuing summons under Section 70 of the Karnataka Goods and Services Tax Act. Understand obligations rights, and key provisions.
Discover the 2023 search and seizure procedure under the Karnataka Goods and Services Tax Act. Learn about the SOP, conditions, and post-search steps
Read the International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2023 issued by the IFSCA. Stay updated on the latest amendments and provisions for banking units in IFSCs.
ead the Order by the Insolvency and Bankruptcy Board of India (Disciplinary Committee) cautioning an Insolvency Professional regarding liquidation value discrepancies and the need to be careful in representing matters before AA and NCLAT. Disciplinary Committee concludes that if there were factual discrepancies affecting the distribution of the resolution plan, Mr. Pramod Kumar Sharma should have filed an application before the Hon’ble NCLAT for rectification. The Committee advises Mr. Sharma to exercise caution when representing matters before AA and Hon’ble NCLAT.
CBIC released latest notification (No. 50/2023 -Customs) announcing the updated exchange rates for foreign currencies concerning imported and exported goods. This article provides the revised exchange rates for various currencies and their equivalent values in Indian rupees. Stay informed about the current exchange rates to ensure accurate financial transactions and compliance with customs regulations.
Read the CBIC’s standard operating procedure (SOP) to prevent the flow of suspicious cash, illicit liquor, drugs/narcotics, freebies, and smuggled goods during elections. Learn how coordination among law enforcement agencies ensures fair elections.
Circular No. 11 of 2023 issued by the Government of India Ministry of Finance provides corrigenda to Circular No. 10 of 2023. The corrigenda rectify certain references in the circular related to section 206C of the Income Tax Act.
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued Notification No. 47/2023, bringing further amendments to the Income Tax Act 1961. These amendments have been made in exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act. The notification replaces a specific row […]
MCA recently imposed a penalty of ₹19.92 Lakh on R.R. Lifesciences Pvt. Ltd. for failing to appoint a Company Secretary, in violation of Section 203 of Companies Act, 2013.
The Institute of Chartered Accountants of India (ICAI) has issued several significant notifications in July 2023. These notifications pertain to the removal, restoration, and cancellation of membership, as well as the cancellation of the Certificate of Practice for some members. This article provides a summary of the key announcements for the benefit of the Chartered […]
