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Custom Duty Exemptions (Ind-Aus ECTA): CBIC Notification

The Central Government has notified exemptions from customs duty in respect of the following imports under the India-Australia Economic Co-operation and Trade Agreement (Ind-Aus ECTA), in exercise of the …
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MCA to Roll out 56 Company Forms on MCA21 V3 Portal in January 2023

The Ministry of Corporate Affairs (MCA) is going to release the Second Set of Company Forms on the MCA21 V3 portal, in January 2023, comprising of total 56 forms. …
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Customs Rules 2022 on Origin of Goods (Ind-Aus ECTA): CBIC Notification

CBIC notifies the Customs Tariff Rules 2022 for the determination of Origin of Goods of ExIM trade under the India–Australia Economic and Trade Agreement (Ind-Aus ECTA), which will become …
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Procedure for Preferential CoO (Exports to Australia): DGFT

The DGFT has announced the procedure for issuance of Preferential Certificates of Origin (CoO) regarding exports to Australia under the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) at …
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SA-230 Audit Documentation: Implementation Guide by ICAI (2022)

The “Implementation Guide to Standard on Auditing (SA) 230: Audit Documentation (Revised 2022 Edition)” has been released by the ICAI. It’s worth noting that auditors must adhere to the …
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CBIC extends GSTR-1 due date (Nov. 2022 TN Cyclone): CGST Notification 25/2022

CBIC further amends Central Tax Notification 83/2020 to extend the due date for monthly GSTR-1 return of November 2022, in the case of taxpayers from certain cyclone affected districts …
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Government Schemes and Initiatives to boost Manufacturing Sector in India

Government of India has implemented a number schemes/initiatives to promote/boost the manufacturing sector in India, according to the information given by Shri Som Parkash, Minister of State for Commerce …
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CBDT Instructions Circular 24/2022 on Salary TDS u/s 192 (FY 2022-23)

The CBDT has issued instructions/circular compiling the provisions/rates applicable u/s 192 for TDS on Salary payments to employees during FY 2022-23 (AY 2023-24), for the guidance of concerned employers/employees. …
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Govt. expands Scope of RoDTEP Scheme from Dec. 15, 2022

The government has announced that the scope of the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme will be expanded to include Chemicals, Pharmaceuticals, and Iron and …
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If PAN is not linked to Aadhaar, it will become inactive: CBDT

The CBDT has advised all PAN holders to link their PANs with Aadhaar immediately, unless specifically exempted by Notification 37/2017. Otherwise, the unlinked PAN will become inoperative/inactive with effect …
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