Punjab Liquor License (Second Amendment) Rules, 2023

The rules revise the amount of fixed annual license fee and security in respect of different kinds of licenses. They also introduce a special license fee on Punjab Medium Liquor, Indian Made Foreign Liquor and Imported Foreign Liquor.

Companies (Indian Accounting Standards) Amendment Rules, 2023

The amendment rules have introduced a provision for ‘deferred tax related to assets and liabilities arising from a single transaction’. Entities shall apply this provision for annual reporting periods beginning on or after 1st April, 2023.

Rajasthan extends Time Limit for Tax Recovery

The Govt. of Rajasthan has issued a notification for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilised. This notification was issued on 1st April, 2023.

Rajasthan Goods and Services Tax (Amendment) Rules, 2023

The amendment provides that where an applicant opts for authentication of Aadhaar number, he shall, while submitting the application, undergo authentication of Aadhaar number and the date of submission of the application in such cases shall be the date of authentication of the Aadhaar number, or fifteen days from the submission of the application in Part B of FORM GST REG-01.