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Notifications/Circulars

Levy of charges on forex prepaid cards/store value cards/travel cards

May 9, 2023 1299 Views 0 comment Print

Few Authroised Persons are levying certain fees/charges, which are payable in India on such instruments, in foreign currency. It is advised that fees/charges payable in India have to be denominated and settled in Rupees only.

Formalisation of Informal Micro Enterprises on Udyam Assist Platform

May 9, 2023 2187 Views 0 comment Print

Government of India, vide Gazette Notification S.O. 1296(E) dated March 20, 2023, has specified that the certificate issued on the UAP to IMEs shall be treated at par with Udyam Registration Certificate for the purpose of availing Priority Sector Lending (PSL) benefits.

Appointment of CAA in respect of SCNs issued to M/s Shell India Markets Pvt. Ltd.

May 9, 2023 2004 Views 0 comment Print

Appointment of Common Adjudicating Authority in respect of SCNs issued to M/s Shell India Markets Pvt. Ltd. vide Order No. 08/2023-Services Tax Dated: 9th May, 2023. F.No. CBIC-110267/42/2023-CX-VIII SECTION-CBEC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs CX & ST wing New Delhi Order No. 08/2023-Services Tax | […]

SEBI registered debenture trustees to register/ re-register in FINNET 2.0

May 9, 2023 945 Views 0 comment Print

SEBI registered debenture trustees are advised to register/ re-register themselves in FINNET 2.0 system of FIU-India as soon as possible.

RV to mention nature & sources of information relied during valuation: IBBI

May 9, 2023 537 Views 0 comment Print

IBBI notes that rule 8(3)(g) mandates an RV to mention the nature and sources of information relied upon during the valuation. Further, rule 8(3)(j) mandates the RV to mention major factors that were taken into account during the valuation. Therefore, the Authority finds that the factors considered by the RV during the valuation, and as […]

Status of operations at DR Site of Broker Dealers & Clearing Members registered with IFSCA

May 9, 2023 867 Views 0 comment Print

Operations carried out by the Broker Dealers and Clearing Members, from their respective DR sites located outside GIFT-IFSC and within India, shall be deemed to have been carried out at GIFT-IFSC.

Date extended for exercise of option by GTA to pay GST under forward charge

May 9, 2023 2847 Views 0 comment Print

CBIC amends notification No. 11/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to to extend last date for exercise of option by GTA to pay GST under forward charge vide Notification No. 05/2023-Union Territory Tax (Rate) Dated: 09th May, 2023 Central Board of Indirect Taxes & Customs Government of India Ministry of Finance (Department […]

MCA imposes penalty for attaching wrong attachments with Form AoC-4

May 9, 2023 12033 Views 0 comment Print

On the examination of document submitted to ROC, it is observed that certifying professional had filed e form AOC-4 with wrong attachment

PMLA to include formation agents, arrangements, providing address, agents, nominee shareholder

May 9, 2023 20766 Views 0 comment Print

Central Government’s Notification on Further Activities Considered as Money-Laundering under Prevention of Money-Laundering Act, 2002 The Central Government has issued a notification regarding the activities that are considered as money-laundering under sub-clause (vi) of clause (sa) of sub-section (1) of section 2 of the Prevention of Money-laundering Act, 2002. The notification specifies that certain activities, […]

Time limit to opt for FCM for Transporters extended till 31.05.2023

May 9, 2023 5007 Views 0 comment Print

Notification No. 05/2023-Integrated Tax (Rate) Dated: 9th May, 2023- CBIC extends Time limit for filing Annexure -V to opt for Forward Charge Mechanism (FCM) for Transporters for the FY 2023-24  to 31st May 2023. Also Read Similar CGST Notification No. 05/2023- Central Tax (Rate) Dated: 9th May, 2023  Ministry of Finance (Department of Revenue) New […]

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