Statutory updates

CGST Third Amendment Rules 2023 for Online Gaming and Casinos

The Central Board of Indirect Taxes and Customs issues the Central Goods and Services Tax (Third Amendment) Rules, 2023 to amend the Central Goods and Services Tax Rules, 2017.

Export Duty Exemption on Bangalore Rose Onion

The Central Government amends notification No. 55/2022-Customs to provide an export duty exemption on Bangalore Rose Onion exports.

71/2023-Customs (NT) : Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Income-Tax (Twenty-Third Amendment) Rules, 2023

Resident co-operative societies in India exercise the tax option under section 115BAE by submitting Form No. 10-IFA electronically.

Exemption for Punjab Nurses Registration Council

The Central Government notifies specified income of the Punjab Nurses Registration Council under section 10 of the Income-tax Act, 1961.

Income Tax Exemption for National Farmers Welfare Program Implementation Society

The Central Government notifies the National Farmers Welfare Program Implementation Society for income tax exemption under section 10 clause 46 of the Income-tax Act 1961.

Clarification on Liquidators Fee Under IBBI Liquidation Regulations

The Insolvency and Bankruptcy Board of India clarifies the computation method for liquidators fees under Regulation 4 of the IBBI Liquidation Process Regulations 2016.

Exempt Deposits into Electronic Cash Ledger Till 30th November 2023

The Central Board of Indirect Taxes and Customs amends notification No. 18/2023-Customs (N.T.).

70/2023-Customs (NT) : Exemption of deposits from the provisions of Section 51 of Customs Act, 1962-reg.

notification no. 02 /2023 procedure format and standards for filling an application for grant of certificate under sub rule 4 and its proviso of rule 28aa of income tax rules 1962 for deduction of income tax at any lower rate or no deduction of income tax

Income-tax (Twenty Second Amendment) Rules, 2023

The Central Board of Direct Taxes amends the Income-tax Rules, 1962 to update forms and expense rules for audits and inventory valuations under section 142(2A).

11/2023- Integrated Tax (Rate) : Seeks to amend notification No. 8/2017- Integrated Tax (Rate) dated 28.06.2017 to implement decisions of the 50th GST Council.

Amendment to Integrated Tax Rate Notification 09/2017

The Central Government amends the tax exemption criteria for online information and database access or retrieval services.

13/2023- Integrated Tax (Rate) : Seeks to amend notification No. 10/2017- Integrated Tax (Rate) dated 28.06.2017 to implement decisions of the 50th GST Council.

Carlsberg Breweries A/S Acquisition of Equity in Carlsberg South Asia

Carlsberg Breweries A/S files a notice for the proposed acquisition of an additional 33.33% equity share capital in Carlsberg South Asia Pte.

Extension of RoDTEP Scheme for Exports to June 2024

The Central Government extends the RoDTEP scheme for exports made from 01.10.2023.

VDA Order October, 2023

Amendment to Notification No. 30/2023-Central Tax

The Central Board of Indirect Taxes and Customs amends Notification No. 30/2023-Central Tax to insert specific words into the principal notification.