Introduction After a long wait, Corporate Transparency Act has finally came into force w.e.f. 1st Jan, 2024. This is a law to ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting […]
Read More →China Compliance Updates Extended deadline for filing and paying withholding tax for 2024 Period Taxpayer Original Extended For the month of January Every person withholding tax from the wages, royalties, interest etc. 15-Feb-2024 23-Feb-2024 For the month of March Every person withholding tax from the wages, royalties, interest etc. 15-Apr-2024 18-Apr-2024 For the […]
Read More →China Compliance Updates Extended deadline for filing and paying value-added tax (VAT) for 2024. Period Periodicity Original Extended For the month of January Monthly 15-Feb-2024 23-Feb-2024 For the month of March Monthly 15-Apr-2024 18-Apr-2024 For the month of April Monthly 15-May-2024 22-May-2024 For the month of May Monthly 15-Jun-2024 19-Jun-2024 For the month […]
Read More →Ministry of Law and Justice notified The Repealing and Amendment Act, 2023 on 17th December, 2023 have repealed/amended certain enactments as mentioned in Schedule I and Schedule II to such notification . Click here for copy of notification. Some of the key enactments repealed by the The Repealing and Amendment Act, 2023 which will […]
Read More →In Case of Suncraft Energy Private Limited, Calcutta High Court had held that the reason for denying the input tax credit is on the ground that the detail of the supplier is not reflecting in GSTR 1 of the supplier. The Appellant are in possession of a valid tax invoice and payment details to the […]
Read More →Central Consumer Protection Authority have notified guidelines for Prevention and Regulation of Dark Patterns, 2023 to discourage use of Dark Patters by online sellers, marketplaces, ecommerce entities and advertisers while promoting or offering any goods or services to online users. Dark patterns has been defined as such practices of selling goods or services wherein […]
Read More →The Drugs and Cosmetics Act, 1940 and rules 1945 have entrusted various responsibilities to Central and State Government regulators for regulation of drugs and cosmetics. It envisages uniform implementation of the provisions of the Act and Rules made there under for ensuring the safety, rights, and well-being of the patients by regulating the drugs and […]
Read More →CBDT (Central Board of Direct Taxes) vide its notification S.O. 2276(E) dated the 24th May, 2023 has increased the maximum amount receivable by its employees as cash equivalent of leave salary (leave encashment) in respect of the period of earned leave at their credit at the time of their retirement, whether superannuation or otherwise to […]
Read More →CBDT has introduced another compliance for Corporates wherein they have to deduct TDS at higher rate if a person does not have her Aadhaar-PAN linked by 31st March 2023. Initially the CBDT had prescribed the date for linking Pan and Aadhaar as 30th June, 2022 but have extended this date till 31st March, 2023. Consequences […]
Read More →FSSAI has introduced addition compliance by amending Regulation 10(4) of Food Safety and Standards (Labelling and Display) Regulations, 2020 vide Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022 to mandate the use of words “NON-RETAIL CONTAINER – NOT FOR DIRECT SALE TO CONSUMER” or such other statement/mark to clearly identify those packages that […]
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