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WHAT'S NEW

03-09-2022

Comply with digital lending norms for existing loans by Nov 30: RBI

GST officers can launch prosecution in cases of over Rs 5 cr tax evasion

Q1 GDP, Fed posturing may put brakes on RBI rate hikes

01-09-2022

ICAI Announces the formation of SRO for Social Stock Exchange

Income Tax Department searches Ceramic Tiles Group in Gujarat

Overseas investment rules and regulations notified

ICAI relaxation for provisionally registered students in Intermediate Course

25-08-2022

Must improve trade data integrity in corporate bonds: RBI Deputy Governor

After 15 months, RBI allows AmEx to acquire new credit card customers

RBI lifts curbs on Amex, allows onboarding of new customers

22-08-2022

CGST Navi Mumbai arrests one for availing & passing on fake ITC

RBI's net forward book shrinks $34.94 bn in first 3 months of FY23

10-08-2022

No recommendation by GST Council for change in existing GST rate slabs

Income Tax Exemptions to District Mineral Foundations

Functionality to search and view Advance Ruling Orders under GST

Mswipe Technologies gets RBI approval for payment aggregator's licence

08-08-2022

ICICI Bank, PNB, Bank of Baroda lift loan rates post RBI rate hike

New Sebi rules may pull the rug out from India's bid to boost bond market

PM pushes states to boost GST collection at NITI governing council meet

States seek a raise in central taxes, call for extending GST compensation

05-08-2022

Will RBI catch up with rest of the world on Friday in terms of rate hike?

Premature redemption under gold monetisation payable only in rupees: RBI

Sebi amends the rules for mutual funds, defines 'associate'

Lack of clarity on GST paid on liquidated damages may lead to litigation

CBIC clarifies on GST to be levied on EVs, mangoes, cattle feed

Supreme Court wants states to make DIN mandatory for GST officers

01-08-2022

SMS for Week ended 01-08-2022

RBI may raise key policy rate by 25-35 bps to check inflation: Experts

Income tax return: Missed ITR 2021-22 deadline? Here's what to do next

27-07-2022

RBI launches public awareness drive as unclaimed deposits increase

Why govt not allowing debate on price rise, GST in Parliament: Congress

ICAI not in favor of making Representation for ITR Due Date Extension

SEBI cautions Intending Buyers Against Dealing with Properties of PACL

26-07-2022

RBI 'correct' to use FX reserves to tackle rupee volatility: Econ adviser

Banks flag concerns on rupee, floating rate bonds ahead of RBI policy

Sebi warns public against dealing in properties of PACL Group, subsidiaries

Ex-Finance Minister Chidambaram slams govt's GST hike on scientific devices

Unkind act': Chidambaram slams govt for GST hike on scientific equipment

22-07-2022

Farmers, apple growers hold demonstrations in Himachal seeking GST rate cut

ITR 2021-22: Everything you need to know about updated income tax return

Amid rising investor interest, Sebi mulls regulating online bond platforms

GST: Understanding how the rules around tax on rent will apply to tenants

19-07-2022

Few states have sought extension of GST compensation for 5 years: FM

Bourses, people dealing in securities market to pay 18% GST on Sebi's fee

NSE colo case: CBI books Sebi, NSE officials for defrauding exchange

Opposition targets Centre over imposing GST on pre-packaged food items

Tax changes, higher nominal GDP to improve FY23 fiscal outcome: India Ratings

ICAI Extends time period for registration in Foundation Course

18-07-2022

SMS for Week ended 18-07-2022

FAQs on Audit, Nomination & Remuneration & Stakeholders Relationship Committee

15-07-2022

News on RBI nod for ARC stake speculative, lacks bonafide sources: YES Bank

GST: GoM to finalise report on casinos, online gaming by Aug 10

GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala

14-07-2022

Nomination of 29 Non-Official Members for Board of Trade

Additions to Conduct of Business (COB) directions of IFSCA Banking Handbook

Amendment of Proper Officer Notification No. 26/2022-Customs (NT)

12-07-2022

Amendment in Export Policy of Wheat Flour (atta)- reg

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

International Trade Settlement in Indian Rupees (INR)

11-07-2022

CBDT amends Notification No. 60/2014 vide Notification No. 82/2022-Income Tax

HDFC set to upsize offshore loan to $1 billion as ECB rules eased

ED imposes penalty on Amnesty India & its CEO Aakar Patel

Section 10(46) exemption to Bihar Electricity Regulatory Commission

Exemption from GST on final cost of Indian National Flag Tiranga

Guidelines for priority/out of turn disposal of appeals by CsIT (AU) and CsIT (Appeals)

RBI governor to meet FPIs, senior fund officials

CBIC to issue SOP for GST summons, notices

ED searches 48 locations belonging to VIVO Mobiles

Income Tax dept searches Pharma Manufacturers & Distributors

SMS for Week ended 11-07-2022

08-07-2022

Delhi Labour Welfare Board introduces online portal for compliances

GST 2.0 may be free of jurisdiction: Vivek Johri, chairman, CBIC

Excisability of waste/residue – CBIC withdrawn Circular No. 1027/15/2016-CX

AI-based software to detect illegal constructions on defence land

Govt advisory to public on proper use of wireless jammer, booster

Listed companies to file quarterly Investor Complaints Report with SEBI

SEBI Cautions against fraudulent calls/e-mails/messages about refund of money

Razorpay, Pine Labs get nod from RBI for payment aggregator licence

Impossible trinity returns to test RBI

Amendment in registration time period of Steel Import Monitoring System

RBI Governor Shaktikanta Das asks states to find out effective ways to address debt issues

Reconsider Cairn UK's complaint against Vedanta: SAT to Sebi

07-07-2022

SEBI modifies Cyber Security/resilience framework of KYC Registration Agencies

RBI eases forex rules to defend currency

Dolo-650 tablet manufacturer sees Income Tax raids

CBIC Withdraws Circular No. 106/25/2019-GST dated 29.06.2019

RBI measures a step in right direction but forex inflows still seen limited

Clarification on issue of claiming refund under inverted duty structure

Reassessment of Bills of Entry involving Refund Claim of Excess Duty paid

Applicability of PIMS at the time of import at SEZ/FTWZ/EOU/DTA

IRDAI permits three new add-ons in Motor Insurance

GST lens on bank arms using parent's brand name, log or tagline

5 years of GST: Why the indirect tax regime may not see big-bang reforms

06-07-2022

CBIC extends compliance dates related to tax recovery & GST Refund

CBIC extends waiver of late fee for delay in filing FORM GSTR-4

CBIC extends due date of furnishing FORM GST CMP-08 for June 2022

CBI Arrests two Senior Tax Assistants of Income Tax Department

Taxpayers having AATO upto Rs. 2 crores exempted from annual GST return

CBIC notifies amendment to section 49 & 50 of CGST Act wef 05.07.2022

05-07-2022

Import of Potatoes without Import License allowed from Bhutan

Your mutilated banknote is money still: RBI rules for currency exchange

Income Tax Department conducts searches in Chhattisgarh

GST Council decides not to change 28% taxation on all forms of gambling

RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank

Industry body voices concern over 5% GST on hospital room tariffs

Tata Steel Long Products Limited takes over Neelachal Ispat

Advisory under Regulation 46 & 62 of SEBI (LODR) Regulation, 2015

FCRA: Disclosure not required for Receipts From Relatives abroad Upto Rs 10 Lakhs Per Year

Hospitals in a fix over GST on room rent

04-07-2022

Centre: Robust GST will help states give up compensation

SMS for Week ended 04-07-2022

Exemption of IGST and Compensation Cess under Advance Authorisation, EPCG & EOU scheme

02-07-2022

GST collection at Rs 1.45 trillion in June, the second highest ever

RBI pegs state govt market borrowing for July-Sept at Rs 2.1 trillion

FAQ’s- Disclosure of holding of specified securities and Holding of specified securities in dematerialized form

Trust between Centre and states intact in GST Council: FM Sitharaman

ICAI Suggestions regarding Removal of Difficulties Order, 2022

?Investors accuse Zomato of late Blinkit disclosure in letter to Sebi

01-07-2022

Sebi levies Rs 11-crore fine on eight entities in algo software case

Migration of e-BRC Portal/Website to new IT platform – reg.

Modification in Cyber Security/resilience framework for Stock Brokers / Depository Participants

Sebi fines Kotak AMC, its MD Nilesh Shah and 5 other officials for violation of rules

GST changes to lift prices, hit household spending

ICSI Request for providing extension of timelines for filing of Form CSR-2

Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das

Sebi penalises Kotak AMC's Nilesh Shah, 5 others

30-06-2022

Income tax rules: Three changes from July 1 explained

Central banks need stronger communication in turbulent times: RBI governor

Sebi permits FPIs to deal in exchange-traded commodity derivatives

Last date for filing of LLP Form 11 without additional fee extended

Refund of security deposit to Broker Dealers on surrender of membership

Adjustment in derivative contracts for dividend announcements

Small traders to gain in GST relief for e-commerce sellers, transport

Provisioning Requirement for Investment in Security Receipts (SRs)

Tolerance Band for AY 2022-23 in case of wholesale trading & others

Centre, RBI brace for more rupee volatility

29-06-2022

New GST rule: Packaged food to unbranded rice & floor, what will get costlier?

GST exemptions on some items set to be removed

GST council meeting to decide on Online gaming compensation today

GST Council: Stormy discussion around states' compensation likely today

28-06-2022

GST council likely to consider e-way bill mandatory for gold, precious stones

IRS officer Nitin Gupta appointed as New CBDT Chairman

Online gaming may become expensive: 47th GST Council Meet

47th GST Council Meeting Expected Agenda

GST Council meet begins today: Here's what's on the agenda in Chandigarh

15-yr record in IPO filing with Sebi belies market volatility, shows data

27-06-2022

Extension of the validity of FCRA registration certificates till 30.09.2022

Customs Brokers Licensing (Amendment) Regulations, 2022

SMS for Week ended 27-06-2022

RERA cancelled registration of 3 Projects

WhatsApp & e-mail can be used for speedy consumer complaint redressal

Tweaks may raise GST on water pumps, room rents in hospitals

24-06-2022

Officers committee suggests deferment of decision on levying GST on crypto

ITR 2022-23: How to fill your income tax return for this assessment year?

GST council to approve 6th e-invoice generation portal

States to push for continuing GST compensation beyond June

PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal

Debris on Call service by Brihanmumbai Municipal Corporation

23-06-2022

Sebi asks Future Enterprises to pay Rs 5 lakh fine

Sebi can't initiate proceedings against companies under IBC, says panel

RBI may have boosted forwards intervention to slow rupee fall, save reserve

High inflation weighed on MPC members as RBI raised rate: Minutes

Fintechs to ping government, RBI on central bank note

MPC raised rates to prevent inflation from corroding Economic Recovery: Minutes

Govt panel may reject demand to reduce GST rate on over 200 items: Report

7 special income tax benefits for senior citizens

RBI taps top banks including HDFC, ICICI, SBI for blockchain-based trade financing project

RBI stance on fintech has government backing

Sebi can't initiate proceedings against companies under IBC, says panel

22-06-2022

Fintechs behaving like banks may have triggered RBI order on credit lines

PVR, Inox get SEBI nod for merger to create India's largest multiplex chain

SEBI to facilitate faster confirmation of remittances by intermediaries

RBI extends timeline for Master direction on Credit and Debit Card

RBI extends deadline to implement card rules

21-06-2022

Non-banks can't load credit lines on prepaid payment instruments, says RBI

From July 1, you can't load payment wallets with your credit card, says RBI

20-06-2022

Application under Rule 4, 6 or 7 of Insolvency & Bankruptcy (Application to Adjudication Authority) Rules, 2016

Extension of time granted to undergo MCBT upto 31st December, 2022

Income Tax Department aims to spread tax literacy among children through games, puzzles and comics

Income Tax Department conducts searches in J&K and Delhi

CCI approves acquisition of entire shareholding in Air Asia India by Air India

Revision of pension/family pension

NCDRC Order Builder have to refund with interest to Homebuyer

Safe Harbour rules for AY 2022-2023 – Income tax Act, 1961

National Financial Reporting Authority Amendment Rules, 2022

SEBI: Govt designates Special Courts at Leh & Kargil

18-06-2022

Net Direct Tax collections for the Financial Year 2022-23 grown at over 45%

GST Registration cancellation drive by Government of Haryan

Sovereign Gold Bond Scheme 2022-23

Bank credit growth hits three-year high of 13.1%, shows RBI data

Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services

Ministers meet on GST rationalisation fails to reach consensus

Group of Ministers fails to reach consensus on GST rate rationalisation

Rising CAD, outflows may force RBI to rethink currency plans

17-06-2022

RBI lifts restrictions on Mastercard over onboarding new customers

India better placed to avoid stagflation risk, says RBI report

Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others

RBI sells $10 billion in two weeks to keep its inflation forecast bearable

e-mandates for recurring transactions – RBI increase limit to Rs. 1500

RBI allows Mastercard to issue new cards after 11-month gap

Changes in System with respect of AD Code Registration in exports

Big Fed serve may push RBI to step up its game

India better placed to avoid stagflation risk, says RBI report

High-pitched Scrutiny Assessment- Revised Instruction – Local Committees

16-06-2022

Shriram Group receives RBI nod for merger of financial services business

Bank finance to Government owned entities

Accounting of Premium, claims & related expenses on estimation basis

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2022

IBBI (Grievance and Complaint Handling Procedure) (Amendment) Regulations, 2022

15-06-2022

'Not fit & proper': SAT scraps Sebi order against 5 brokers in NSEL case

After 74 days CBDT Releases Excel offline Utility of ITR-5

Changes in ITBA functionalities for Faceless Assessment

Cost Inflation Index for Financial Year 2022-23

IBBI taken no action against 70 year old IP who surrendered application

Additional conditions for TRQ allocation of Crude Soya bean/ Sunflower oil

BBI invites suggestions for expeditious resolution of Real Estate Projects

Weekly newsletter from Chairman, CBIC dated 13/06/2022

14-06-2022

SOP for Export of Sugar in view of restriction vide N/N. 10/2015-2

How RBI stepped in when rupee hit lifetime low

Upgradation of MahaRERA IT System

Insurance Companies to follow-up with Govts to recover Crop Insurance Premium

State Goods & Services Tax Department Government of Kerala Amnesty Scheme – 2022

CBI Arrests Three Accused Including Superintendents of GST, Customs In Separate Cases of Bribery

Investment Manager of SEBI registered AIF can provide investment management services to offshore fund

13-06-2022

SMS for Week ended 13-06-2022

Notaries (Amendment) Rules, 2022

Setting up of NaFAC under section 144B(3) of Income-tax Act- Reg.

Companies (Appointment and Qualification of Directors) Second Amendment, Rules, 2022

IRDAI: Rationalization of regulatory returns & other compliance requirements

Reg. Order under Para 4 of Faceless Penalty Scheme, 2021

Extension of Ban on usage of Single Use Plastic from 1st July

CBI Arrests 3 Accused Including Superintendents of GST, Customs

10-06-2022

Banks take a cue from RBI, hike lending rates

CAs authorised to Appear before GST Authorities- Gorakhpur Commissioner clarifies

Govt rescinds notification Anti-dumping duty on imports of Hydrogen Peroxide

Payments Infrastructure Development Fund corpus touches Rs 811 crore

SEBI directs Brokers & DPs to identify & classify critical assets based on their sensitivity & criticality

GST to help revenue boost beyond budget estimates: Revenue Secretary Bajaj

CBIC extends time period for furnishing final Mega power project certificate

09-06-2022

Latest GST Ready Reckoner – 2022 by CA Raman Singla

MCA to launch of National CSR Exchange Portal

Most e-lending apps not registered with RBI: Governor Shaktikanta Das

RBI enhances limit for e-mandates on credit/debit cards to Rs 15,000

RBI ups limits on housing loans from co-op banks, backs affordable housing

GST Council may bring rate on? li-ion?cells? on par? with ?EVs

08-06-2022

RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

RBI LIVE: Recurring payment limit increased to Rs 15,000 per transaction

Ahead of policy decision, RBI steps in to save rupee from hitting a new low

MARKET LIVE: Sensex rises 300 pts as RBI retains FY23 GDP growth at 7.2%

RBI Monetary Policy meet: Here's what transpired in the last 8 meetings

RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SMERBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME

Resolve GST disputes quickly and smartly

Income from property rented out: GST AAR makes an important ruling

New Functionalities for Taxpayers on GST Portal (May, 2022)

IBBI improves scheme of examinations – frequency of attempts

Amendments and additions to IFSCA Banking Handbook

Launching of self-deactivation facility over IIB’s ENVOY portal

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

RBI proposes linking credit cards to UPI payments

RBI raises co-operative banks' housing loan limits by 100%

07-06-2022

Centre working on mechanism to resolve GST disputes with states: Report

RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME

No plan to replace Mahatma Gandhi on Indian currency notes, clarifies RBI

Centre working on GST dispute resolution system

06-06-2022

RBI could go for up to 50 bps hike in repo rate

e-Invoice services not available for GST taxpayers of Few States today

GST E-Invoice System User Manual for Tax Payer

SMS for Week ended 06-06-2022

04-06-2022

Income tax: Why you can't miss NPS during tax planning. Top 5 reasons

Insider Trading: Sebi gives clean chit to Poonawalla Fincorp's Bhutada

3.26 lakh Tamil Nadu dealers not paid any GST during year 2021-22

SEBI amends Investor Grievance Redressal Mechanism Circular

IRDAI eases capital requirement under PMJJBY

RBI had questions about home loan agreement between HDFC and HDFC Bank

Annual & other meetings of unitholders of REITs and InvITs – Extension

IRDAI exempts ‘ABHICL’ from complying with limits of expenses of management

Awareness on Upgradation of Registered users in V2 to Business User in V3 MCA 21

New Guidelines for Promotion of MSMEs in North East and Sikkim

RBI to begin three-day monetary policy meet from today, to decide on key rates

03-06-2022

Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

Principal Mutual Fund ceases to exist as mutual fund: Sebi

RBI launches annual survey on foreign liabilities, assets of mutual funds, AMCs

Procedure for seeking prior approval for change in control of Portfolio Managers

Module developed for Revocation of cancelled GSTIN beyond 90 days

Section 8 companies cannot change objects to include Micro Finance/Credit

Surrender of certificate of registration of Principal Mutual Fund (PMF)

02-06-2022

GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increaseGST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

Active trading saved RBI from seeking additional capital

GST Revenue collection for May 2022 increases 44% year-on-year

Addition of 6% tax rate in GSTR-1 online

Shri Ashwani Bhatia takes charge as Whole Time Member, SEBI

Tumkur Pattana Sahakara Bank Niyamitha ceased to be a co-op bank

CBDT notifies National Biodiversity Authority U/s. 10(46)

01-06-2022

Housing price index records slower annual growth in Q4, says RBI

MCA allows LLPs to file event based e-forms without additional fees

Credit offtake remains robust in April across sectors, shows RBI data

Weekly newsletter from Chairman, CBIC dated 31/05/2022

Govt increases premium rates for PMJJBY and PMSBY

Extension -Interest Equalization Scheme on Pre & Post Shipment Rupee Export Credit

Solvency margin for Pradhan Mantri Jeevan Jyoti Bima Yojana

Centre Clears Entire GST Compensation Due Till Date (31ST MAY, 2022)

31-05-2022

Upload e-BRC by 15.07.2022 for shipping bills on which RoSCTL scrip been availed

Export of Wheat- RAs will do physical verification of all LCs

CBDT notifies Income-tax Authority for section 143(2) notice

Processing of ASBA applications in Public Issue of Equity Shares & Convertibles

Modification in Cyber Security & Cyber resilience framework of KRAs

We are pleased to introduce a short, crisp and problem-solving addition of our GST Book titled ‘GST Ready Reckoner – 2022’. This new version would not only facilitate the apparent needs but also addre

Provision for Online Mutation in Property Tax Registers in Cantonments

DRI seizes Red Sanders worth Rs. 11.70 crore under “Operation Rakth Chandan”

Fake reviews on E-Commerce platforms under Centre’s radar Department of Consumer Affairs to hold meeting with E-Commerce entities and stakeholders to discuss magnitude of fake reviews and prepare a ro

Need to develop Jewelary Park in different States: CAIT

IPO subscriptions: Process only money-backed ASBA applications, says Sebi

Premature redemption under Sovereign Gold Bond (SGB) Scheme

30-05-2022

SMS for Week ended 30-05-2022

Premature redemption under Sovereign Gold Bond (SGB) Scheme

Rs 500 fake currency notes surge 102% in FY22, says RBI annual report

Standard Operating Procedure for Export of Wheat

27-05-2022

RBI reduces net-worth requirement for non-bank Bharat Bill Payment units

Clandestine procurement & supply of Goods: Gurugram Court grants transit remand of accused

Handbook on Statement of Donations Received

Late fees for GSTR 4 waived till from 1.5.2022 to 30.06.2022

RBI reduces net-worth requirement for non-bank Bharat Bill Payment units

Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022

Bharat Bill Payment System – Amendment to guidelines

RBI to contain inflation without shocking market