Judicial Corner : 23.09.2022
Corporate Law: Writ Not Maintainable if 75% deposit as pre-condition for admission of appeal under MSMED Act is not complied
DGFT: Extension for the period of exports of broken rice (HS code 1006 40 00) from 15.09.2022 till 30.09.2022 as mentioned in Notification No. 31 dated 08.09.2022. (22.09.2022)
DGFT: Extension for the period of exports of broken rice (HS code 1006 40 00) from 15.09.2022 till 30.09.2022 as mentioned in Notification No. 31 dated 08.09.2022. [Notification 34/2015-20 dated 20.09.2022]
MCA: Corporate Social Responsibility Policy Rules 2014 (CSR) has been amended (22.09.2022)
MCA: Corporate Social Responsibility Policy Rules 2014 (CSR) has been amended: Rule 3 (1): A company having any amount in its Unspent Corporate Social Responsibility Account as per sub-section (6) of section 135 shall constitute a CSR Committee and comply with the provisions contained in sub-sections (2) to (6) of the said section. Rule (4) …
Income Tax: CBDT notifies new Income Tax Rule 12AD modified return of income under section 170A to be furnished by a successor entity to a business re-organisation and relevant Form ITR-A. (22.09.2022)
Income Tax: CBDT notifies new Income Tax Rule 12AD modified return of income under section 170A to be furnished by a successor entity to a business re-organisation and relevant Form ITR-A. [Notification No. 110/2022-Income Tax dated 19.09.2022]
Central Excise: Special Additional Excise Duty on Diesel has been reduced to Rs. 8.50 per litre. (22.09.2022)
Central Excise: Special Additional Excise Duty on Diesel has been reduced to Rs. 8.50 per litre. [Notification No. 30/2022-Central Excise dated 16.09.2022]
Central Excise: Special Additional Excise Duty on production of Petroleum Crude has been reduced to Rs. 10,500 per tonne and on export of Aviation Turbine Fuel same has been reduced to Rs. 9 per liter (22.09.2022)
Central Excise: Special Additional Excise Duty on production of Petroleum Crude has been reduced to Rs. 10,500 per tonne and on export of Aviation Turbine Fuel same has been reduced to Rs. 9 per litre. [Notification No. 29/2022-Central Excise dated 16.09.2022]
Customs: Anti-Dumping duty imposed on “Toluene Di-Isocyanate (TDI)” originating in or exported from China PR, Japan and Korea RP, for a period of 5 years. (22.09.2022)
Customs: Anti-Dumping duty imposed on “Toluene Di-Isocyanate (TDI)” originating in or exported from China PR, Japan and Korea RP, for a period of 5 years. [Notification No. 28/2022-Customs (ADD) dated 21.09.2022]
DGFT: Partial modification has been made in Public Notice No 11/2015-20 issued on 07.06.2022 regarding “Guideline for Applicants” under ANF-4F in case of deemed Export.( 13.09.2022)
DGFT: Partial modification has been made in Public Notice No 11/2015-20 issued on 07.06.2022 regarding “Guideline for Applicants” under ANF-4F in case of deemed Export. Accordingly, copy of Form A along with the copy of Tax invoice duly endorsed by the recipient shall be considered as proof of deemed export supplies. [Corrigendum to Public Notice …
DGFT: The provisions for the treatment of un-utilized quantities allocated under Tariff Rate Quota (TRQ) for import of crude soya bean and crude sunflower oil have been elaborated in detail with inserting some additional provisions. (13.09.2022)
DGFT: The provisions for the treatment of un-utilized quantities allocated under Tariff Rate Quota (TRQ) for import of crude soya bean and crude sunflower oil have been elaborated in detail with inserting some additional provisions. [Public Notice No.24/2015-20 dated 12/09/2022]
Customs: As the export policy for broken rice against HSN 10064000 has been amended from “Free” to “Prohibited” w.e.f. 09/09/2022 (13.09.2022)
Customs: As the export policy for broken rice against HSN 10064000 has been amended from “Free” to “Prohibited” w.e.f. 09/09/2022, the following shipments will be allowed to be exported between 09/09/2022 to 15/09/2022 Where loading of broken rice on ships has commenced before notification Where shipping bill is filed and vessels have already berthed or …
GST: Guidelines for filing/revising TRAN-1 / TRAN-2 has been issued by the department. (13.09.2022)
GST: Guidelines for filing/revising TRAN-1 / TRAN-2 has been issued by the department. Accordingly once filed or revised TRAN 1 / TRAN 2 between 01.10.2022 to 30.11.2022, the assessee has to submit the physical copy of same along with the declaration in specified format and TRAN 3 (wherever applicable) to the jurisdictional officer within 7 …
Article on ‘GTA Services forward Charge & RCM’ by Adv. Kiran Sawale, Bizsolindia Services Pvt. Ltd.(September 2022)
CBIC through recent Notification dated 13th July 2022 has brought more clarity on applicability of GST under forward charge or Reverse Charge Mechanism (RCM) to avoid confusion in the mind of recipient when he should pay GST under RCM. Let us first understand the concept of GTA. Good Transport Agency (GTA) means any person who …
Article on ‘Applicability Of Clause 44 Of Tax Audit’ by CA Preeti Kulkarni, Sr. Principal Advisor, Bizsolindia Services Pvt. Ltd.(September 2022)
In Tax Audit Report, Clause 44 of Form 3CD requires to report Break-up of Total Expenditure of entities registered or not registered under GST in the following format. Sl. No Total amount of Expenditure incurred during the year Expenditure in respect of entities registered under GST Expenditure relating to entities not registered under …
Bizsol Update ( September 2022)
Bizsol Update for the month September 2022: Article on “Applicability of Clause 44 of Tax Audit” by CA Preeti Kulkarni, Sr. Principal Advisor, Bizsolindia Services Pvt. Ltd. Article on “Applicability of GST under forward charge or reverse charge mechanism for Goods Transport Agency ” by Adv. Kiran Sawale, Bizsolindia Services Pvt. Ltd. Changes …
Webinar on ‘Preparedness to face New Labour Code’ @ 4 PM on 16th September 2022
Bizsolindia invites you for webinar on “Preparedness to face New Labour Code” on 16th September 2022 @ 4PM Click here for Register
Excise: The Special Additional Excise Duty (SAED) on production of Petroleum Crude has been decreased from Rs.17,000 per tonne to Rs. 13,300 per tonne and Special Additional Excise Duty on export of Aviation Turbine Fuel has been increased from Rs. 4 per litre to Rs. 9 per litre (02.09.2022)
Excise: The Special Additional Excise Duty (SAED) on production of Petroleum Crude has been decreased from Rs.17,000 per tonne to Rs. 13,300 per tonne and Special Additional Excise Duty on export of Aviation Turbine Fuel has been increased from Rs. 4 per litre to Rs. 9 per litre [Notification No. 26/2022-Central Excise dated 31st August, …
Excise: The special additional excise duty on export of diesel has been increased to Rs 12 / litre w.e.f 01/09/2022 (02.09.2022)
Excise: The special additional excise duty on export of diesel has been increased to Rs 12 / litre w.e.f 01/09/2022 [Notification No. 27/2022-Central Excise dated 31st August, 2022 ]
Excise: The Road and Infrastructure cess on export of Diesel has been increased from Rs.1 / litre to Rs.1.50/ litre w.e.f 01/09/2022 (02.09.2022)
Excise: The Road and Infrastructure cess on export of Diesel has been increased from Rs.1 / litre to Rs.1.50/ litre w.e.f 01/09/2022 [Notification No. 28/2022-Central Excise dated 31st August, 2022 ]
GST: The GST investigation Wing has issued guidelines for launching of prosecution under the Central Goods and Services Tax Act, 2017 specifying the Sanctioning authority, threshold limit and procedures. (02.09.2022)
GST: The GST investigation Wing has issued guidelines for launching of prosecution under the Central Goods and Services Tax Act, 2017 specifying the Sanctioning authority, threshold limit and procedures. [Instructions No. 4/2022-23 dated 1st Sept 2022]
Customs: Anti-Dumping Duty on import of “Jute Products” namely, Jute Yarn/Twine, Hessian Fabric and Jute sacking Bags falling under HSN 5307, 5310, 5607 & 6305, originating or exported from Bangladesh and Nepal has been extended till 31/12/2022 unless revoked, superseded or amended earlier.(02.09.2022)
Customs: Anti-Dumping Duty on import of “Jute Products” namely, Jute Yarn/Twine, Hessian Fabric and Jute sacking Bags falling under HSN 5307, 5310, 5607 & 6305, originating or exported from Bangladesh and Nepal has been extended till 31/12/2022 unless revoked, superseded or amended earlier. [Notification No. 26/2022 – Customs (ADD) dated 31st August 2022]
