Ministry of Finance notifies general conditions for grant of license for cultivation of opium poppy for production of Poppy Straw.
Cultivators who had cultivated opium poppy for production of Poppy Straw from which no juice is extracted through lancing during the crop year 2021-22 and tendered poppy straw at weighment centre.
The Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022.
As per the amendment, No insolvency professional entity, recognised by the Board, shall be eligible to be registered as an insolvency professional, if the entity and/or any of its partner or director, as the case may be, is not fit and proper person.
DGFT notifies revised import policy condition of Areca nut.
However, it has been now revised that the import is free if CIF value is Rs. 251/- and above per Kilogram and the Import of 17,000 Metric Tonnes of Fresh (green) Areca Nut without Minimum Import Price (MIP) condition shall be allowed from Bhutan every year.
The Central Goods and Services Tax (Second Amendment) Rules, 2022.
Through this amendment, It has been notified that a registered person, who has availed of input tax credit on any inward supply of goods or services or both, other than the supplies on which tax is payable on reverse charge basis, but fails to pay to the supplier thereof, the amount towards the value of such supply along with the tax payable thereon, within the specified time limit, shall pay an amount equal to the input tax credit availed in respect of such supply along with interest payable thereon under section 50, while furnishing the return in FORM GSTR-3B for the tax period immediately following the period of one hundred and eighty days from the date of the issue of the invoice
The Income-tax (32nd Amendment) Rules, 2022.
Form No. 69 shall be furnished electronically to the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or the person authorized by the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems).
Extended Due Date for filing DIR 3 KYC of Directors
The previous due date for filing of Form DIR-3 KYC (including DIR 3 KYC Web) without payment of fee was September 30, 2022.
FAQ’s for Form 3CA-3CD/3CB-3CD
Taxpayer is requested to navigate to e-File → Income Tax Forms → File Income Tax Forms and select Form 3CA3CD/3CB-3CD to assign them, as applicable under category “Persons with Business / Professional Income”. Form can be assigned to CA by selecting CA Name, AY and Filing Type. If CA is not added, you can navigate to Authorized Partners → My Chartered Accountant to add CA.
CBDT clarification regarding ITR-A
Successor companies in cases where the order of business reorganization of the competent authority was issued between the period 01/04/2022 and 30/09/2022, the time available to furnish modified returns under section 170A of the Act shall stand extended to 31/03/2023.
