Guidelines on Remuneration of Non-Executive Directors and Key Managerial Persons of Private Sector Insurers give more clarity to the extent of variable pay with respect to the total remuneration of Directors and KMPs, Variable Pay Deferral, Malus and Clawback provisions, Accounting, Disclosures, etc. and
The whole process of scrutiny of return u/s 61 and rule 99 of DGST Act takes around 5 to 6 months, hence, all Ward Incharges/Proper Officers are hereby advised to ensure timely issuance of order u/s 73(9) for the scrutiny of returns for periods as mentioned in the CBIC vide Notification No. 9/2023 Central Tax dated 31.03.2023.
Directorate of Systems and Data Management has come up with a new suite of functionalities in ADVAIT (Advanced Analytics in Indirect Taxation). The new functionalities are intended to enable a deeper and richer analysis of revenue and of trends in both import and export.
The complainants in their complaint have inter-alia alleged that the Company and its officers in default have accepted money on private placement basis in contravention of provisions of section 42 of the Companies Act, 2013 and Rules made there under.
Disciplinary Committee (DC) of IBBI notes that Mr. Dushyant C Dave had not excluded the liquidation cost while arriving at fee based on the amount of realisation. However, Mr. Dushyant C Dave has proactively credited this difference to the account of the CD already. The DC takes a sympathetic view in this matter. Further, with […]
In view of the foregoing, the DC finds that Mr. Ravinder Kumar Goel has over-charged his fee by not deducting the liquidation cost from his fees computed as per regulation 4(2)(b) of Liquidation Regulations. Mr. Ravinder Kumar Goel should not have taken the fees on the amount payable to suppliers even though this was pending […]
Govt reduces Special Additional Excise Duty (SAED) on production of Petroleum Crude from Rs. 6400 per tonne to Rs. Rs. 4100 per tonne w.e.f. 02nd May, 2023 Vide Notification No. 21/2023-Central Excise | Dated: 1st May, 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 21/2023 – Central Excise | Dated : 1st May, […]
Consequent to enactment of Finance Bill, 2023, certain changes in RoDTEP Schedule (Appendix 4R) are being made w.e.f 01.05.2023 to align it with First Schedule of Custom Tariff Act.
Finance Act, 2023 vide which 146 new tariff lines have been introduced in the Customs Tariff Act and 54 existing tariff lines have been replaced or omitted. The said changes in the Tariff had come into effect from 01.05.2023 as laid down in the Finance Act 2023.
CBIC amend 17 Customs Tariff notifications in order to align the HS Codes of the said notifications with the Finance Act, 2023, w.e.f. 01.05.2023 vide Notification No. 36/2023-Customs Dated: 29th April, 2023 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 36/2023-Customs | Dated: 29th April, 2023 G.S.R. 333(E).—In exercise of the powers conferred […]
