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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...
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NFAR Annual Report 2022-23
The NFAR Annual Report for 2022-23 reflects a pivotal year marked by significant achievements and milestones. This comprehensive report, offers stakeholders a holistic view of NFAR operations and acti...
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Electricity (Amendment) Rules, 2024
Introduction: The Ministry of Power, New Delhi, has issued a crucial notification on January 10, 2024 – G.S.R. 36 (E). The Electricity (Amendment) Rules, 2024, are introduced under the authority of Se...
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Consultation Paper on Interim Recommendations for Harmonizing ICDR & LODR Regulations
The Securities and Exchange Board of India (SEBI) has released a consultation paper outlining the interim recommendations of the Expert Committee appointed to enhance ease of doing business and harmon...
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Additional proposals for issuance of subordinate units by REITs & InvITs
The Securities and Exchange Board of India (SEBI) has released a consultation paper seeking public input on additional proposals for the issuance of subordinate units by Real Estate Investment Trusts...
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ICEGATE Advisory for E-scrip to avail Export Incentive Schemes (RoSCTL, RoDTEP)
Unlocking export incentives has never been more accessible with the Directorate General of Systems and Data Management’s latest advisory. Dated January 5th, 2024, Advisory No: 06/2021 introduces expor...
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Draft Trade Marks (1st Amendment) Rules, 2024
The Ministry of Commerce and Industry has proposed significant amendments to the Trade Marks Rules, 2017. The draft rules, titled “Trade Marks (1st Amendment) Rules, 2024,” aim to enhance the adjudica...
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Direct Tax Collections Surpass 80% of Budget Estimates for F.Y. 2023-24
Introduction: The Ministry of Finance has released the provisional figures for Direct Tax collections up to January 10, 2024, showcasing a robust performance and surpassing 80% of the total Budget Est...
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Income Tax Raids: Unearthing a Rs. 1,000 Crore Scam in Mumbai’s Electrical Industry
Introduction: The Ministry of Finance recently announced a significant development in the financial landscape, with the Income Tax Department conducting a thorough search operation in Mumbai. The oper...
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E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn
Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn. 5th January 2024: Blocking the generation of E-Way Bill without e-Invoi...
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GST Scrutiny & Assessment: Live Course with complete Practical Filing
Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking exp...
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GST Crackdown: 29,273 Bogus Firms Exposed, Evading Rs. 44,015 Cr; 121 Arrests Made
Introduction: In an intensified effort against tax evasion, the Goods and Services Tax (GST) formations, led by the Central Board of Indirect Taxes and Customs (CBIC) and State/UT Governments, have un...
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Discussion about Table 14 & Table 15 in GSTR-1: E-Commerce Reporting Simplified
Introduction: The introduction of GSTR-1 Tables 14 and 15 in January 2024 marks a transformative juncture in the Goods and Services Tax (GST) landscape. These tables, focusing on reporting e-commerce...
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Punjab State Faculty of Ayurvedic & Unani Systems: Income Tax Notification 11/2024
The Ministry of Finance, through the Central Board of Direct Taxes, has issued Notification No.11/2024 – Income Tax on 8th January, 2024. This notification pertains to the tax treatment of the ‘Punjab...