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CCPA Issues Notice to Amazon Over Misleading ‘Sri Ram Mandir Ayodhya Prasad’ Sweets
Introduction: The Central Consumer Protection Authority (CCPA) has recently issued a notice to Amazon Seller Services Pvt. Ltd. regarding the sale of sweets under the name ‘Shri Ram Mandir Ayodhya Pra...
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SEBI’s Proposal to Boost Trust in AIF Ecosystem: Consultation Paper
The Securities and Exchange Board of India (SEBI) has released a consultation paper aimed at enhancing trust in the Alternative Investment Funds (AIF) ecosystem. Despite robust growth, concerns have a...
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Constitution of an Expert Committee on REITs and InvITs in IFSC
India’s commitment to developing world-class infrastructure is evident through initiatives like the National Infrastructure Pipeline and “Gati Shakti.” To achieve the goal of a developed nation by 204...
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GSTN Advisory on payment through Credit/Debit cards and UPI
In a move to enhance the convenience for taxpayers registered under the Goods and Services Tax (GST), the GSTN (Goods and Services Tax Network) has introduced two new methods of payment under e-paymen...
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High-Risk Transaction Alert: New Guidelines for IT Assessments 2023-24
The Directorate of Income Tax (Systems) has issued a crucial directive dated 19.01.2024 (F. No. DGIT(S)-ADG(S)-21/High Risk Transaction cases/2023-24) to all key stakeholders in the income tax domain....
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Insight Portal: High-Risk CRIU/VRU Cases and Non-PAN Cases
Introduction: The Directorate of Income Tax (Systems) has issued a communication regarding the dissemination of high-risk CRIU/VRU PAN cases and non-PAN cases through the ‘Verification’ module of the...
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Insight Portal’s Risk Management Strategy for High-Risk Tax Cases
The Directorate of Income Tax (Systems) has issued Insight Instruction No. 72 on January 18, 2024, addressing Principal Chief Commissioners, Principal Directors General, Principal Commissioners, and P...
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Indian Stamp Bill, 2023: Ministry of Finance Seeks Public Input
The Department of Revenue, Ministry of Finance, Government of India, has opened its doors to public engagement in shaping the future of India’s fiscal landscape. The recently crafted ‘Indian Stamp Bil...
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Urgent Notice on Bar Council of India Certificate Verification Rules, 2015
Introduction: The Bar Council of India, a statutory body under the Advocates Act, 1961, has issued an urgent notice (BCI:D:205/2024) to all State Bar Councils regarding Advocates’ Declaration of Exist...
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Representation on Updated Return Processing under Income Tax Section 139(8A)
Karnataka State Chartered Accountants Association (R) presents a crucial matter to the Commissioner of Income Tax, highlighting challenges in processing updated returns under Section 139(8A) of the In...
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Google Pay India signs MoU with NPCI International for Global Expansion of UPI
Introduction: In a groundbreaking move, Google India Digital Services (P) Limited has signed a Memorandum of Understanding (MoU) with NPCI International Payments Ltd (NIPL), a subsidiary of the Nation...
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FAQs: Registration & Authorization under IFSCA (Fund Management) Regulations, 2022
Explore frequently asked questions (FAQs) on the registration of a Fund Management Entity (FME) and authorization of a scheme or fund under IFSCA (Fund Management) Regulations, 2022. Understanding the...
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Important Announcement related to completion of one-month EDP by ICSI
Introduction: The Institute of Company Secretaries of India (ICSI) is committed to fostering professional excellence among its students. In alignment with this pursuit, a crucial announcement has been...
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MCA Unveils Draft Policy for Transparent Rule & Regulation Making
Introduction: The Ministry of Corporate Affairs (MCA) plays a pivotal role in administering key legislations such as the Companies Act, 2013, LLP Act, 2008, IBC-2016, and more. Recognizing the need fo...
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Major UPI Apps Enabled to Receive Remittances from Singapore via UPI-Pay Now Linkage
Introduction: In a significant development, the integration between the Unified Payments Interface (UPI) and Singapore’s Pay Now is paving the way for Indians to receive rapid, secure, and cost-effect...
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SEBI’s Proposal for Flexibility in AIFs and VCFs to Manage Unliquidated Investments
Securities and Exchange Board of India (SEBI) has released a consultation paper addressing the need for flexibility in dealing with unliquidated investments for Alternative Investment Funds (AIFs) and...
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GSTN Advisory on introduction of new Tables 14 & 15 in GSTR-1
As per Notification No. 26/2022 – Central Tax dated 26th December 2022 two new tables Table 14 and Table 15 were added in GSTR-1 to capture the details of the supplies made through e-commerce operator...
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GST Council Newsletter for the month of December 2023
Welcome to the latest edition of the GST Council Newsletter, providing a comprehensive overview of key developments in the Goods and Services Tax (GST) landscape for December 2023. This issue highligh...
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In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore
Introduction: The Directorate General of GST Intelligence (DGGI) played a pivotal role in combating GST evasion in the year 2023. This article delves into the agency’s remarkable performance, highligh...
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Advisory for Electronic Cash Ledger (ECL 2.0) on ICEGATE
On January 13, 2024, the Directorate General of Systems and Data Management, under the Central Board of Indirect Taxes & Customs, issued a crucial advisory through ICEGATE. This advisory addresses the...