Others: No violation if IRP allowed higher interest rate as per RERA Court order (08.04.2022)
Others: No violation if IRP allowed higher interest rate as per RERA Court order [Order No. IBBI/DC/87/2022 Dated: 6th April, 2022]
Others: No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity (08.04.2022)
Others: No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity [IBBI Order No. IBBI/DC/88/2022 | Dated: 7th April, 2022]
Income Tax: Dispute Resolution Committee – CBDT notifies New Rules & Forms (08.04.2022)
Income Tax: Dispute Resolution Committee – CBDT notifies New Rules & Forms [Notification No. 26/2022 – (Income Tax) | dtd 5th April, 2022]
Income Tax: CBDT Notifies e-dispute Resolution Scheme for dispute resolution under Chapter XIX-AA of the Act in respect of dispute arising from any variation in the specified order by such persons or class of persons as specified by Board. (08.04.2022)
Income Tax: CBDT Notifies e-dispute Resolution Scheme for dispute resolution under Chapter XIX-AA of the Act in respect of dispute arising from any variation in the specified order by such persons or class of persons as specified by Board. [Notification No. 27/2022 – Income Tax dtd 5th April, 2022 ]
Income Tax: CBDT amends Income Tax rule 2F & rule 8B & release new Form No. 5B & 5BA (08.04.2022)
Income Tax: CBDT amends Income Tax rule 2F & rule 8B & release new Form No. 5B & 5BA [Notification No. 28/2022-Income-Tax dtd 6th April 2022]
DGFT: Amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020 (08.04.2022)
DGFT: Amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020 [Public Notice No. 02/2015-2020-DGFT dtd 7th April 202]
GST: No detention of Goods in the course of transport on the ground of undervaluation (08.04.2022)
GST: No detention of Goods in the course of transport on the ground of undervaluation [Circular No. 6/2022 dtd 6th April 2022]
Customs : CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.04.2022 (08.04.2022)
Customs: CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.04.2022 [Notification No. 32/2022 – Customs (N.T.) dtd 7th April, 2022]
Bizsol Update ( April 2022)
Bizsol Update for the month April 2022: Article on “Competitiveness in “International Trade through Foreign Trade Policy” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ RBI , SEZ. Important due dates for the statutory payments for the month. Important …
IBBI : Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022 is notified making important changes in regulations 2(1)(c), 5(2), 10(2), 30(2) . 35(1), 37(1), 38(3), 39(7), etc. (07.04.2022)
IBBI: Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022 is notified making important changes in regulations 2(1)(c), 5(2), 10(2), 30(2) . 35(1), 37(1), 38(3), 39(7), etc. [Notification No. F. No. IBBI/2022-23/GN/REG.081 dtd 5th April 2022]
GST:Now each taxpayer will have to be furnished details of ineligible ITC and reversal of ineligible ITC in GSTR-3B and for earlier months they should report the same in the Annual Return of 2021-22, if not reported in 2021-22. (07.04.2022)
GST: Now each taxpayer will have to be furnished details of ineligible ITC and reversal of ineligible ITC in GSTR-3B and for earlier months they should report the same in the Annual Return of 2021-22, if not reported in 2021-22. [GST Circular No. 1/2022dtd 5th April 2022]
SEBI: KRAs shall continue to act as repository of KYC data in the securities market and shall be responsible for storing, safeguarding and retrieving the KYC documents and submit to the Board or any other statutory authority as and when required in accordance with the SEBI Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/46 dtd April 06, 2022 (07.04.2022)
SEBI: KRAs shall continue to act as repository of KYC data in the securities market and shall be responsible for storing, safeguarding and retrieving the KYC documents and submit to the Board or any other statutory authority as and when required in accordance with the [Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/46 dtd April 06, 2022]
Article on “Competitiveness in International Trade through Foreign Trade Policy” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. ( April 2022)
Foreign Trade Policy is announced by Ministry of Commerce and Industry which promotes, monitors and grow the trade in the international market, which also impact balance of payment. Foreign Trade Policy was notified for the year 2015-20 and it was further extended upto March’21 and thereafter, once again extended and it has been further extended …
Others: Implementation of amendment of Legal Metrology Rules 2011 is extended from 1st April 2022 to 1st October 2022. (04.04.2022)
Others: Implementation of amendment of Legal Metrology Rules 2011 is extended from 1st April 2022 to 1st October 2022. [Notification GSR 226(E) dtd 28th March 2022]
DGFT: DGFT extends Foreign Trade Policy and HandBook of Procedures 2015-2020 from 31.3.22 to 30th September, 22 (31.03.2022)
DGFT: DGFT extends Foreign Trade Policy and HandBook of Procedures 2015-2020 from 31.3.22 to 30th September, 22 (Notification 64/2015-2020 dated 31st March 22)
Income Tax:
Income Tax: CBDT extends date for application for registration or approval of trust in Form 10AB to 30th September, 22 (Income tax Circular 8/2022 dated 31.3.22)
ROC: MCA extends audit trail dated to 1st April 2023 and CSR-2 to 31st May 2022 (31.03.2022)
ROC: MCA extends audit trail dated to 1st April 2023 and CSR-2 to 31st May 2022 (Not. Dated 31.3.22)
Income Tax: President gives assent to Finance Act, 2022 on 30th March 2022 (31.03.2022)
Income Tax: President gives assent to Finance Act, 2022 on 30th March 2022
DGFT: Office address of the Export Promotion Council for EOU and SEZ (EPCES), New Delhi has been updated Under Appendix 2T of FTP, 2015-2020 with immediate effect. Public Notice No. 52/2015-2020-DGFT dated 24th March 2022 (29.03.2022)
DGFT: Office address of the Export Promotion Council for EOU and SEZ (EPCES), New Delhi has been updated Under Appendix 2T of FTP, 2015-2020 with immediate effect. Public Notice No. 52/2015-2020-DGFT dated 24th March 2022
DGFT: DGFT decides to foreclose Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to revamp, redesign and refocus it better for better outcomes and notification dated 9th September 2021 has been withdrawn (29.03.2022)
DGFT: DGFT decides to foreclose Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to revamp, redesign and refocus it better for better outcomes and notification dated 9th September 2021 has been withdrawn.
