New Rules for Dematerialization of Securities in Companies: MCA Notification
MCA has notified new rules mandating public companies and larger private companies to dematerialize their securities to improve governance.
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.
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.
CBIC Clarifications on Place of Supply for Certain Services: GST Circular 203/15/2023
CBIC GST circular 203/15/2023 for clarifying place of supply rules for transportation, advertising, co-location services. Understand the changes and impact on GST compliance.
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.