Statutory updates

Clarification on Place of Supply for Goods Transport, Advertising, and Co-Location Services

This circular clarifies the determination of the place of supply for goods transportation services, advertising sector arrangements, and co-location data center services under the…

204/16/2023-GST : Clarification on issues pertaining to taxability of personal guarantee and corporate guarantee in GST

Amendment of Arbitration Clause in General Insurance Policies

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated revisions to arbitration clauses in general insurance policies.

Facility of Systematic Lump sum Withdrawal for NPS Subscribers

The Pension Fund Regulatory and Development Authority has introduced the Systematic Lump Sum Withdrawal (SLW) facility for National Pension System (NPS) subscribers.

Companies (Management and Administration) Second Amendment Rules, 2023

Every company designates a person who is responsible for providing information about beneficial interest in shares to the Registrar or any authorised officer.

Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023

The Central Government amends the Companies (Prospectus and Allotment of Securities) Rules, 2014 to regulate share warrants and dematerialisation of securities for private…

Limited Liability Partnership Third Amendment Rules 2023

Every limited liability partnership must maintain a register of its partners in Form 4A at its registered office from the date of incorporation.

Streamlining of Halal Certification Process for Meat and Meat Products

05/2023- Integrated Tax : Seeks to notify supplies and class of registered person eligible for refund under IGST Route

Acquisition of Minority Shareholding in BusyBees Logistics Solutions

1000632564 Ontario Limited acquires a minority shareholding in BusyBees Logistics Solutions Private Limited under the Green Channel route.

26/2023 : Revised All Industry Rates of Duty Drawback.

CGST Fourth Amendment Rules 2023

The Central Government amends the Central Goods and Services Tax Rules, 2017.

Amendment in Policy Condition 1 of Chapter 15 of ITC (HS), 2022, Schedule – I (Import Policy).

Modifications to AML, CFT and KYC Guidelines for IFSC Regulated Entities

The International Financial Services Centres Authority directs all regulated entities in the International Financial Service Centre to apply specific modifications to the Anti…

Modifications to AML, CFT, and KYC Guidelines for IFSC Regulated Entities

The International Financial Services Centres Authority issues modifications to the Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer Guidelines, 2022…

Renault and Nissan Cross-Shareholding Rebalancing

The Competition Commission of India approves the combination involving the rebalancing of cross-shareholdings between Nissan Finance Co.

Income Tax Exemption for West Bengal Pollution Control Board

The Central Government notifies specified income of the West Bengal Pollution Control Board for tax exemption under section 10 clause 46 of the Income-tax Act, 1961.

Exemption for Telangana Building and Other Construction Workers Welfare Board

The Central Government notifies the Telangana Building and Other Construction Workers Welfare Board under clause (46) of section 10 of the Income-tax Act, 1961.