Applicability of Service Tax / GST on services provided by IRDAI to Insurance intermediaries
11/08/2022 As per the Order passed by the Commissioner (Appeals – I) in appeal no. HYD/SVTAXHYC/APP-025-022-23 (APP1) dated 22/06/2022, it is stated that the services provided by the Authority to…
Outsourcing of Financial Services – Responsibilities of regulated entities employing Recovery Agents
August 12, 2022 Madam/ Sir, The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them…
Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.
New Delhi, the 1st August, 2022 G.S.R…..(E).– In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, the Government,…
Master Circular on Credit Facilities to Minority Communities
August 2, 2022 The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks (excluding RRBs and Foreign Banks with less than 20 branches) Madam/ Dear Sir, The Reserve Bank of India has…
External Commercial Borrowings (ECB) Policy – Liberalisation Measures
Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time),…
Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
August 1, 2022 The Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks) Madam/ Dear Sir, The Reserve Bank of India has, from time…
Income-tax (Twenty Third Amendment) Rules, 2022.
G.S.R. 610(E).— In exercise of the powers conferred by clause (4E) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of…
Getting a grip on how to manage costs effectively
Standard costing methods help manage overheads, formulate estimations, and forecast future In a business environment driven by extreme volatility and uncertainty, it is important to monitor the costs of products…