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RBI allowed invoicing & payments for international trade in Indian Rupee
The Reserve Bank of India (RBI) has allowed invoicing and payments for international trade in Indian Rupee vide A.P (DIR Series) Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on “International Tra...
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Govt not planning to legalize and tax cannabis
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO. 2305 TO BE ANSWERED ON MONDAY, 01st AUGUST 2022 SRÃVANA 10, 1944 (SAKA) Tax on Cannabis 2305. SHRI K. MUR...
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GST Rates apply uniformly to all states
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 2326 TO BE ANSWERED ON MONDAY, AUGUST 01, 2022/ SRAVANA 10, 1944(SAKA) REVIEW OF GST †2326. SHRI KUNWAR P...
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Suggestions For Inclusion of Petroluem Products Under GST
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO.2336 TO BE ANSWERED ON MONDAY, AUGUST 1 , 2022/SRAVANA 10, 1944 (SAKA) SUGGESTIONS FOR INCLUSION OF PETROL...
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One arrested for fraudulently availing ITC of more than Rs 8 crore
CGST Delhi West officials arrest one for fraudulently availing ITC of more than Rs 8 crore On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West C...
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DRI busts factory manufacturing illicit psychotropic substances
; seizes drugs worth Rs 245 crore Continuing its crackdown on drug syndicates involved in the manufacture, sale and distribution of drugs in the country, the Directorate of Revenue Intelligence (DRI)...
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No provision of social audit of CSR expenditure: Govt
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 102 ANSWERED ON MONDAY, JULY 18, 2022/ ASHADHA 27, 1944 (SAKA) SOCIAL AUDIT OF CSR SPENDING QUESTION 102. SHRI CHANDR...
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No structured study regarding impact of enforcement of CSR provisions- Govt
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA STARRED QUESTION NO. 2 ANSWERED ON MONDAY, JULY 18, 2022/ ASHADHA 27, 1944 (SAKA) STUDY ON IMPACT OF CSR QUESTION *2. DR. KRISHNA PAL SINGH...
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Monitoring Mechanism For CSR
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA STARRED QUESTION NO. 6 ANSWERED ON MONDAY, JULY 18, 2022/ ASHADHA 27, 1944 (SAKA) MONITORING MECHANISM FOR CSR QUESTION *6. SHRI VIVEK NARAY...
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SFIO investigating affairs of Sahara India Group companies: Govt
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 1282 ANSWERED ON MONDAY, JULY 25, 2022/ SRAVANA 3, 1944 (SAKA) FRAUD BY SAHARA INDIA GROUP QUESTION 1282: SHRI RAJA...
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Disciplinary mechanism under CA, CMA & CS (Amendment) Act not yet brought into force
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 2432 ANSWERED ON MONDAY, August 1, 2022/ Sravana 10, 1944 (SAKA) DISCIPLINARY ACTION AGAINST CAs/CSs QUESTION 2432....
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CBDT notifies ‘Bullion Depository Receipt with underlying bullion’ for section 47(viiab)(d)
of Income Tax Act, 1961 vide Notification No. 89/2022- Income Tax Dated: 3rd August, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi Notificatio...
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Steps taken for increasing exports through e-Commerce
Government has implemented several legislative and policy measures for e-commerce keeping in mind the retailers. Some of these measures are FDI Policy; Foreign Exchange Management Act, 1999; Consumer...
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Initiatives taken by Govt to create a conducive business environment
Department for Promotion of Industry and Internal Trade (DPIIT) is spearheading the initiatives under Ease of Doing Business and Reducing Compliance Burden which are aimed at creating a conducive busi...
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India achieves landmark milestone, over 75000 startups recognised so far
These numbers tell the power of a vision to see innovation and drive growth, says Piyush Goyal Latest 10000 startups recognised in 156 days compared to initial ten thousand startups in 808 days 7.46 l...
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Exposure Draft – IRDAI (Expenses of Management of Insurers Transacting Life Insurance Business) Regulations, 2022
Insurance Regulatory and Development Authority of India Ref. No: Date:_________ EXPOSURE DRAFT – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (EXPENSES OF MANAGEMENT OF INSURERS TRANSACTING...
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Exposure Draft – IRDAI (Other Forms of Capital) Regulations, 2022
Insurance Regulatory and Development Authority of India Ref. No: Date: _________ EXPOSURE DRAFT – INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (OTHER FORMS OF CAPITAL) REGULATIONS, 2022 1....
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Irregularities in cooperative credit societies & Amount duped by them
Irregularities in cooperative credit societies Co-operative societies registered under the provisions of the Multi State Cooperative Societies (MSCS) Act, 2002 are functioning as autonomous cooperativ...
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Request to Withdraw GST on Pre-packaged Labeled Food Items
All Gujarat Federation of Tax Consultants has made a representation related to Withdrawal of GST on Pre-Packaged Labeled food items on 02nd August, 2022. Please find attached herewith the copy of the...
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Customs duty evasion of Rs. 2217 crore by Vivo Mobile
DRI detects Customs duty evasion of Rs. 2,217 crore by M/s. Vivo Mobile India Pvt. Ltd. During an investigation pertaining to M/s Vivo Mobile India Private Limited (hereinafter referred to as ‘M/s Viv...