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Updates For the Day: September 6, 2023

CBDT instructions for speedy processing of Income Tax Returns

There are several cases in which the ITRs have been processed and refunds have also...

DGFT clarification regarding Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency for E-Commerce Exports

It is clarified that “Master Circular Rupee/Foreign Currency Export Credit and Customer Service to Exporters”...

CBDT releases fifth annual Advance Pricing Agreement report

The BAPAs were signed as a consequence of entering into Mutual Agreements with India’s treaty...

Clarifications regarding applicability of GST on certain services

It is clarified that services supplied by a director of a company or body corporate...

CBIC Instructions for streamlining of Customs Post Clearance Audit (PCA)

It must be ensured that every entity selected should be subjected to the full audit...

Fake/Forged Letter of Permission to GSL Medical College

The Medical Assessment and Rating Board (MARB) of the National Medical Commission (NMC) has recently...

Celebration of Pharmacists Day on 25th September, 2023

The celebration of pharmacists day is a valuable tool to promote the profession and honour...

Electricity (Third Amendment) Rules, 2023

The Ministry of Power (MoP) has introduced amendments to the Electricity Rules of 2005, in...

GENCOs directed to Import Coal in Timely Manner

The Ministry of Power (MoP) has directed all GENCOs, including Independent Power Producers, to Import...

Draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosure) Rules, 2023

The Ministry of Power (MoP) has issued the draft Electricity Distribution (Accounting aspects of Specified...