In this edition we have tried to bring you notice the latest amendmentCirculars that followed in the month of December, 2022 issued by MCA, RBI, SEBI, DIPP and others. Introduction of Investor Risk Reduction Access (IRRA) platform in case of disruption of trading services provided by the Trading Member (TM) . Capital markets regulator has introduced an Investor Risk Reduction Access (IRRA) platform in respect of disruption of trading services provided by the Trading Member (TM) with effect from
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Direct Tax – December 2022
CBDT exempts Non-Residents (NR) not having PAN from mandatory e-filing of Form 10F till 31-03-2023. Partial Relaxation With Respect To Electronic Submission of Form 10F by Select Category of Taxpayers In Accordance With DGIT (Systems) Clarification for the purpose of clause (c) of Section 269ST of Income Tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies- Section 269ST inter alia prohibits receipt of an amount of two lakh rupees or more by a person, in circumstances
Indirect Tax – December 2022
GST Calendar –Compliances for the month of December’2022. Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) January 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) January 10, 2022 GSTR-1 January 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) January 13, 2022 GSTR-6 Input Service Distributor January 13, 2022 GSTR-2B (Auto Generated Statement) January 14, 2022 GSTR-3B January 20, 2022 GSTR-5 (Non-Resident Taxable Person) January 20, 2022 GSTR-5A (OIDAR Service Provider) January 20, 2022 PMT-06 (who have opted
Statutory Audit – December 2022
Environmental, Social and Governance (ESG) As Sustainable development and Climate change movements are getting momentum along with the push from investors. It is imperative for companies to report their sustainability performance in order to maintain transparency with stakeholders. Global sustainable investments are growing rapidly and reached $35 trillion or 36% of the total assets under management in 2020. In India, almost all sustainable investment products have been launched in the last two years, reflecting increasing interest and potential. Evolution of
Internal Audit – December 2022
Special Economic Zone and Export Oriented Units Introduction Special Economic Zone A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to—and attract foreign direct investment (FDI). Special Economic Zones are typically created in order to facilitate rapid economic growth by deploying investment and creating employment. This economic growth is accomplished by providing various economic advantages such as tax incentives. Exported Oriented Zone