National Investment and Infrastructure Fund (NIIF) launches $600 million India – Japan Fund (IJF) with Govt. of India and Japan Bank of International Cooperation (JBIC) as anchor investors.
SEBI introduces a centralised mechanism for reporting the demise of investors through KYC Registration Agency.
Circular No. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/0000000163, dated 3-9-2023.
‘Indoor management’ will not rescue a CA who fails to verify validity of appointment as statutory auditor of a company before accepting the audit.
Mangesh v. Kekre & Associates, In re – [2023] 155 taxmann.com 10 (NFRA).
Where corporate debtor was declared a sick industrial unit and entered into a MOU with respondent, on basis of which, implementation of a rehabilitation scheme was approved, NCLAT rightly held that the said rehabilitation scheme could not be treated as a resolution plan within the meaning of IBC.
Pramod Kumar Pathak v. Arfat Petrochemicals (P.) Ltd. – [2023] 154 taxmann.com 635 (SC).
Provisions of Integrated Goods and Services Tax (Amendment) Act, 2023 shall be effective from 1-10-2023.
Notification No. 02/2023 – Integrated Tax, dated 29-9-2023.
28% GST shall be levied on online gaming and Casinos with effect from 1-10-2023.
Notification No. 11/2023 – Central Tax (Rate), dated 29-9-2023.
CBIC notifies Central Goods and Services Tax (Third Amendment) Rules, 2023 with effect from 1-10-2023.
Notification No. 51/2023 – Central Tax, dated 29-9-2023.
Time of supply for online gaming etc. would be earlier of date of invoice or date of payment.
Notification No. 50/2023 – Central Tax, dated 29-9-2023.
Govt. notifies 1-10-2023 as effective date of applicability of CGST (Amendment) Act, 2023.
Notification No. 48/2023 – Central Tax, dated 29-9-2023.
Sec. 7 – Supply – Canteen services provided by employer in factory premises and Transportation services provided by employer on non-AC bus, does not amount to supply u/s 7 of CGST Act, ITC available to the extent of such cost borne by employer. GST is not applicable on deduction from salary towards notice pay.
Tata Autocomp Systems Ltd., In re – [2023] 154 taxmann.com 575 (AAR – GUJARAT).