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1.16% increased contribution from employer’s share into Pension Fund

May 3, 2023 3387 Views 1 comment Print

Increased contribution shall he applicable to basic wages, dearness allowance and retaining allowance to the extent such basic wages, dearness allowance and retaining allowance exceed fifteen thousand rupees per month.

CA, CS & CMA brought under PMLA net if they manage client assets

May 3, 2023 40062 Views 3 comments Print

Government notifies that following transactions done by CA, CS & CMA on behalf of their client will be covered under Prevention of Money-laundering Act, 2002. This notification is issued by the Ministry of Finance, Department of Revenue in India, and it pertains to the Prevention of Money Laundering Act, 2002. The notification outlines that certain […]

Govt reduces SAED on production of Petroleum Crude to Rs. 4100 per tonne

May 1, 2023 711 Views 0 comment Print

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, […]

Realignment of RoDTEP Schedule w.e.f 01.05.2023

May 1, 2023 2574 Views 0 comment Print

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.

CBIC amends 17 Custom notifications to align HS Codes w.e.f. 01.05.2023

April 29, 2023 3954 Views 0 comment Print

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 […]

CBIC amends notification No. 50/2017-Customs to align HS Codes w.e.f. 01.05.2023

April 29, 2023 23247 Views 0 comment Print

Seeks to amend notification No. 50/2017-Customs 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. 35/2023-Customs, Dated: 29.04.2023 MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 35/2023-Customs | Dated: 29th April, 2023 G.S.R. 332(E).—In exercise of the powers conferred by sub-section […]

CBIC amends 3 Custom notifications to align HS Codes w.e.f. 01.05.2023

April 29, 2023 2163 Views 0 comment Print

CBIC amends 3 electronics related 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. 34/2023-Customs Dated: 29th April, 2023. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 34/2023-Customs | Dated: 29th April, 2023 G.S.R. 331(E).—In exercise of the powers conferred […]

ICAI imposes fine on 4 Chartered Accountants for Professional Misconduct

April 28, 2023 7683 Views 0 comment Print

Ordered for removal of name of CA. Pradeep Kumar Manglik from Register of Members for a period of 3 (Three) months and also imposed a fine of Rs. 1,00,000

NFRA penalises & debarred CA for Audit failures in violation of law & SA

April 28, 2023 3288 Views 0 comment Print

NFRA imposes penalty of Two Lakhs on CA Hemant Khator Swami who was  Engagement Partner for the statutory audit of Women Next Loungeries Ltd for Financial Year 2016-17 for Audit failures and also debarred him for two years from being appointed as an auditor or internal auditor or from undertaking any audit in respect of […]

Special Economic Zones (Second Amendment) Rules, 2023

April 27, 2023 2802 Views 0 comment Print

These rules may be called the Special Economic Zones (Second Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.

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