Statutory updates

Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024

The Reserve Bank of India issues the Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024, to govern direct and indirect access to the Negotiated Dealing…

Electronic Submission of Appendix 4H Certificates -reg

Listing of Commercial Paper and Certificates of Deposit on the recognised stock exchanges in the IFSC

notification no. 114/2024 f. no. 370142/21/2024 tpl / gsr 645 e income tax ninth amendment rules 2024

Tax Collection Exemption for Payments Received from Reserve Bank of India

The Central Government specifies that no collection of tax occurs under sub-section (1F) of section 206C of the Income-tax Act on any payment received from the Reserve Bank of…

237/31/2024-GST : Clarifying the issues regarding implementation of provisions of sub-section (5) and sub-section (6) in section 16 of CGST Act,2017.

238/32/2024-GST : Clarification of various doubts related to Section 128A of the CGST Act, 2017.

66/2024-Customs (NT) : Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Central Bank of India

Guidance Note on Direct Tax Vivad se Vishwas Scheme 2024

The Central Board of Direct Taxes issues a guidance note in the form of frequently asked questions to clarify provisions of the Direct Tax Vivad se Vishwas Scheme 2024.

Income-tax (Seventh Amendment) Rules, 2024

The Central Board of Direct Taxes amends the Income-tax Rules, 1962, to revise Form No. 10A and Form No. 10AB.

Income-tax Eighth Amendment Rules 2024

The Central Board of Direct Taxes amends the Income-tax Rules 1962 to introduce Form No. 12BAA for reporting income and tax details under section 192(2B).

Import Policy Amendment for Lighter Parts Under CTH 9613

The Central Government amends the import policy for parts of pocket lighters under HS code 96139000.

Clarifications on GST Applicability for Various Services

This circular clarifies the Goods and Services Tax applicability for several services based on the recommendations of the Goods and Services Tax Council.

235/29/2024-GST : Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 54th meeting held on 9 th September 2024 at New Delhi

Clarification on As Is Where Is Basis for GST Regularization

This circular clarifies the scope of regularization on an as is or as is, where is basis under Goods and Services Tax circulars.

Applicability of Para 4.08 (ii) of HBP in case of inputs being procured by Advance Authorisation Holders from Units located in SEZ

Income Tax Exemption for State Load Despatch Centre Unscheduled Interchange Fund West Bengal

The Central Government notifies the State Load Despatch Centre Unscheduled Interchange Fund- West Bengal State Electricity Transmission Company Limited for income tax exemption…