GST ON CRYPTOCURRENCY TRANSACTIONS
GST on CryptoCurrency – subject matter of dispute from the taxability Cryptocurrency is made up of two different words, “crypto” and “currency”. Hence, it can be said that cryptocurrencies are currencies that use the science of cryptography. This is because these currencies widely use encryption techniques. This means that encryption techniques are used for two […]
Maintenance work being scheduled on the e-Invoice System on 5th June 2022 between 9pm and 10pm
There is a maintenance work being scheduled on the e-Invoice System on 5th June 2022 between 9pm and 10pm. During this interval, the e-Invoice services will not be available for the GST taxpayers of the following states ONLY. Also please note that e-waybill portal and e-waybill APIs will function as usual without any problem for all […]
₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year
GST collection crosses ₹1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March 2022 Posted On: 01 JUN 2022 1:28PM by PIB Delhi The gross GST revenue collected in the month of May 2022 is ₹1,40,885 crore of which CGST is ₹25,036 crore, SGST is ₹32,001 crore, IGST is ₹73,345 crore (including ₹ 37469 crore collected on import of […]
Upcoming Important dates in June 2022 for compliance under Goods and Services Tax (GST).
GST Return Due date Description GSTR-1 (May, 2022) 11-06-2022 Turnover more than 5 crore or opted to file monthly return IFF(Optional) – May 2022 13-06-2022 Opted for Quarterly filing as per QRMP scheme GSTR-3B (May 2022) 20-06-2022 Turnover more than 5 crore or opted to file monthly return PMT-06 25-06-2022 Who has opted to file […]
AUTOMATION OF CONTINUAL DISCLOSURES UNDER REGULATION 7(2) OF SEBI (PROHIBITION OF INSIDER TRADING) REGULATIONS, 2015
SEBI has notified a circular ref no SEBI/HO/ISD/ISD/CIR/P/2021/578 dated June 16, 2021 for automation of continual disclosures under regulation 7(2) of Sebi (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – system driven disclosures for inclusion of listed debt securities. The system driven disclosures have already been implemented for entities of a listed company under […]
MCA GENERAL CIRCULAR FOR HOLDING OF AGM THROUGH VC OR OAVM UP TO DECEMBER 31, 2022
MCA GENERAL CIRCULAR NO. 02/2022 DATED 05TH MAY, 2022 FOR HOLDING OF AGM THROUGH VC OR OAVM UP TO DECEMBER 31, 2022 The MCA in continuation to its previous General Circulars (last being General Circular No. 21/2021 dated 14th December, 2021), issued in respect to allowing Companies to hold AGM through video conferencing (VC) or […]
CLARIFICATION ON VALIDITY OF OMNIBUS APPROVAL GRANTED BY THE SHAREHOLDERS IN RELATION TO RELATED PARTY TRANSACTIONS
The Securities and Exchange Board of India (“hereinafter referred to as SEBI”), on April 8, 2022 has issued Clarification (ref no SEBI/HO/CFD/CMD1/CIR/P/2022/47 on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(“hereinafter referred to as SEBI LODR”) in relation to Related Party Transactions (“hereinafter referred to […]
LIMITED LIABILITY PARTNERSHIP (SECOND AMENDMENT) RULES, 2022
The Ministry of Corporate Affairs (MCA) vide Notification dated March 4, 2022, has issued ‘Limited Liability Partnership (Second Amendment) Rules, 2022, to further amend the existing Limited Liability Partnership Rules, 2009, which shall come into force on the date of its publication in the Official Gazette. Following are the major amendments: Rule 11(1) – Application FiLLip for […]
EMPLOYEE STOCK OPTIONS PLAN OR EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)
Meaning: Employee Stock option plan or Employee Stock Ownership Plan (ESOP) is an employee benefit scheme that enables employees to own shares in the company. ESOP motivates the employee to be committed towards the company for a long term and also take ownership of the company making the employee more committed towards the Company. Employee […]
SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) (SIXTH AMENDMENT) REGULATIONS, 2021
The SEBI notified SEBI (Listing Obligations And Disclosure Requirements) (Sixth Amendment) Regulations, 2021 (hereinafter referred to as “Amended Regulations”) vide Notification No. SEBI/L AD-N RO/GN/2021/55 Dated: November 9, 2021 to amend the existing Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations shall come into force w.e.f. 01st April, 2022 unless otherwise specified in the respective […]