Appointment of Nodal Officer by dealers in Precious Metals & Precious Stones becomes mandatory
Directorate General of Audit Indirect Taxes and Customs issued Anti-Money Laundering (‘AML’) Standards and Combating the Financing of…
-
-
Declaration for deduction of TDS on salary for F.Y. 2023-24
A new scheme of taxation has been introduced by the Finance Act, 2023, by insertion of a new…
-
Rule Restricting The Value Of Exports Supply Upto 1.5 Times The Domestic Supply In Course Of Making A Zero-Rated Supply Is Ultra Vires: Karnataka High Court
Name of the case – Tonbo Imaging India Pvt Ltd Vs Union Of India (Karnataka High Court [Writ…
-
Summary of the important notifications issued by CBIC on 31st March 2023
CBIC has on 31st March 2023 issued certain notifications to implement the decisions taken by the GST Council…
-
For claiming ITC, genuineness of the transaction and actual physical movement of the goods is necessary – Supreme Court [pronounced under Karnataka VAT Law]
Name of the case – State of Karnataka v. M/s. Ecom Gill Coffee Trading Pvt. Ltd. [Civil Appeal…
-
FAQ on applicability of 6 digits HUID on gold Jewellery from 1st April 2023
Is it applicable only on gold Jewellery or all precious metal Jewellery? Ans: At present, only the Jewellery…
-
DGFT notified under FTP to permit Invoicing, payment and settlement of exports/imports in INR in sync with RBI’s circular
The DGFT vide Notification No. 33/2015-2020 dated September 16, 2022 notified Para 2.54(d) under the Foreign Trade Policy, 2015-2022 (“FTP”)…
-
Govt. notifies Regulations specific to overseas investment and transfer/acquisition of immovable property outside India
RBI vide Notification No. No. FEMA 400/2022-RB, Dated 22.08.2022 has notified the Foreign Exchange Management (Overseas Investment) Regulations, 2022…
-
C&AG of India directed CBDT to scrutinize tax deductions by Gems & Jewellery SEZ units
CAG observed major irregularities in claiming Income Tax Deductions by Gems & Jewellery Units under SEZ scheme The…
