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Notifications/Circulars

Inclusion of transportation cost of inventory while calculating Liquidation value

March 22, 2023 903 Views 0 comment Print

The Authority finds that since valuation is more of a subjective exercise, a valuation report must be transparent and set out all the necessary information and assumptions behind the valuation estimate provided by a valuer so as to enable the stakeholders to form a judicious economic opinion on the report. The RV acknowledged that since […]

Path of filing of disclosures related to Corporate Action on NEAPS Portal

March 21, 2023 3477 Views 0 comment Print

It is observed that certain listed entities are uploading the disclosure of corporate action (e.g., Record Date or Book Closure dates for Dividend, Annual General Meeting, etc.) in announcements under subjects like Outcome of the Board /Shareholder Meeting, etc.

Amendments to scheme of Credit Guarantee Fund for Micro Units

March 21, 2023 1143 Views 0 comment Print

Guarantee fee shall be paid on the sanctioned amount corresponding to the outstanding balance of the quarterly built up balance of the portfolio of micro loans, including micro unit/enterprise set up under Joint Liability Group (JLG) framework, individually or jointly

Advisory for the taxpayer wishing to register as “One Person Company” in GST

March 21, 2023 8841 Views 0 comment Print

21/03/2023 As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is defined as a company which has only one person as member. Some issues have been raised by the persons registering as ‘One Person Company’ while they take GST registration. Upon analysis, it has been noticed that the option of […]

Appointment of Common Adjudicating Authority in respect of M/s Lawson Tours and Travels (India) Pvt. Ltd

March 21, 2023 900 Views 0 comment Print

Central Board of Indirect Taxes and Customs in supersession of the Order No. 01/2015 dated 09.01.2015, hereby appoints the Principal Commissioner/Commissioner of Central Excise and Service Tax, Mumbai South Commissionerate as the Central Excise Officer to exercise the powers of Chapter V of the Finance Act, 1994

Payment of Service Tax by department of Posts & Ministry of Railways by way of book adjustment

March 21, 2023 2172 Views 0 comment Print

CBIC earlier noted that the practice of payment of Service tax by way of book adjustment adopted by the Department of Posts and the Ministry of Railways was leading to incorrect accounting and reporting as the tax payments could not be reconciled by the field units of CBIC.

Govt extends deadline for linking of Aadhaar to Voter ID

March 21, 2023 44868 Views 0 comment Print

Extension of last date for electors to intimate Aadhaar Number – Govt extends deadline for linking of Aadhaar to Voter ID to March 31 2024

Exercise of power by PCCIT for performance of functions by CIT(A)

March 21, 2023 2268 Views 0 comment Print

PCCIT having their Headquarters at places specified below, to issue orders for exercise of powers & performance of functions by CIT (Appeals)

Closing of Govt Accounts – Measures for Financial Year 2022-23

March 21, 2023 6069 Views 0 comment Print

All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2023.

Politically Exposed Persons under IRDAI shall have same meaning as under PML Rules

March 20, 2023 2808 Views 0 comment Print

Politically Exposed Persons (PEPs)” shall have the meaning assigned to it under sub clause (db) of clause (1) of Rule 2 of the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005.

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