CBIC Clarifications on Taxability of Personal and Corporate Guarantees under GST: Circular 204/16/2023
CBIC clarifications on taxability of personal and corporate guarantees provided to banks/financial institutions vide GST Circular 204/16/2023.
Author: Kewal Garg
INR Receipts Permitted by RBI, Qualify as Export Proceeds under GST: CBIC Circular 202/14/2023
CBIC Clarification circular 202/14/2023 on conditions for export of services under GST when payment is received in INR through special vostro accounts as per RBI circular.
Proposed ICAI Accounting Standards for LLPs: Share Your Views!
ICAI has released an exposure draft on accounting standards for LLPs. Provide your comments to help formulate effective standards applicable to LLPs.
MCA Amends LLP Rules for Disclosure of Beneficial Interest
The MCA has notified amended rules requiring LLPs to maintain a register of partners and declare beneficial ownership, enhancing transparency in LLP operations.
ICAI Implements Archiving of UDINs: Announcement & Guidelines
UDIN Directorate of ICAI has decided to archive UDINs after one year of their generation to ease off the load on the servers.
IGST Refund Route Restricted for Tobacco, Pan Masala, Mentha Oil Products Exports
CBIC imposes restriction on the IGST refund route for exports of Tobacco, Pan Masala, Mentha Oil and similar products.
CBDT Condones Delay in Filing Form 10-IC (AY 2021-22)
CBDT condones delay in filing Form 10-IC for AY 2021-22 to provide relief to domestic companies from delay, subject to conditions like filing ITR on time.
MCA Eases Company RO Shifting Rules: Additional Cost Revoked
The MCA has eased rules for companies to shift their registered office address between states, removing additional costs and smoothing the process for companies acquired under IBC resolution.
CBDT Notifies New IT Rule 16D/ Form 56F for Claiming Section 10AA Deduction
CBDT amends IT rules retrospectively from July 2021, inserts Rule 16D and Form 56F for claiming deduction under Section 10AA, to streamline process of availing SEZ deduction.
Significant Beneficial Ownership: ICAI Enhancing Corporate Awareness on Section 90 of CA 2013
Explore ICAI Advisory for Members to strictly comply with Section 90 of the Companies Act, 2013 and Rules on Significant Beneficial Ownership, in line with MCA's efforts to promote …