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₹2000 Denomination Banknotes – Withdrawal from Circulation by RBI

May 19, 2023 10092 Views 0 comment Print

RBI decided to withdraw ₹2000 denomination banknotes from circulation. Banknotes in ₹2000 denomination will continue to be legal tender.

GSTN advises to avoid filing GST Returns on last date

May 4, 2023 6336 Views 0 comment Print

Advisory for Timely Filing of GST Returns 1. It has been observed that some taxpayers faced difficulty in filing GSTR-3B of March 23’ period on 20th April 2023’. On analysing the reasons, it was noted that large number of tax payers attempted to file GSTR-3B returns in the afternoon of the last day (20.05 lakhs […]

GST: New facility to verify document Reference Number (RFN)

April 28, 2023 16167 Views 0 comment Print

New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities 1. The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents have a system-generated unique identifier DIN (Document Identification Number)/ RFN (Reference Number). These documents, by virtue […]

GSTN Advisory on Bank Account Validation

April 24, 2023 18672 Views 1 comment Print

GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct.

Revised Advisory on Time limit for Reporting Invoices on IRP Portal

April 13, 2023 56973 Views 2 comments Print

It is to inform you that it has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores.

SEBI unveiled New Logo

April 12, 2023 2937 Views 0 comment Print

Securities and Exchange Board of India PR No.8/2023 New Logo of SEBI unveiled on the occasion of SEBI Foundation Day Securities Market regulator, SEBI has a new logo from today. The new logo was unveiled at a function held at SEBI Head Office, Mumbai on the occasion of SEBI Foundation Day in the presence of […]

Draft Circular on Fair Lending Practice – Penal Charges in Loan Accounts

April 12, 2023 1686 Views 0 comment Print

Supervisory reviews have indicated divergent practices amongst REs with regard to levy of penal interest/charges leading to customer grievances and disputes.

RBI simplifies application process for registration of Core Investment Companies

April 10, 2023 1701 Views 0 comment Print

Reserve Bank of India Date : Apr 10, 2023 RBI simplifies the application process for registration of Core Investment Companies The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free. Accordingly, the application form has […]

L&T Mutual Fund ceases to exist as a mutual fund w.e.f. April 06, 2023

April 10, 2023 1560 Views 0 comment Print

L&T Mutual Fund Trustee Limited had requested SEBI regarding surrendering the registration granted to L&T Mutual Fund by SEBI to operate as a mutual fund.

RBI kept policy repo rate unchanged at 6.50 per cent

April 6, 2023 735 Views 0 comment Print

RBI decided unanimously to keep policy repo rate unchanged at 6.50 per cent in this meeting with readiness to act, should situation so warrant.

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