RBI’s twin meetings with banks usher in new era of governance, compliance

https://www.business-standard.com/markets/news/mint-road-s-twin-meetings-with-banks-initiative-to-improve-governance-123121800002_1.html Clipped from: https://www.business-standard.com/markets/news/mint-road-s-twin-meetings-with-banks-initiative-to-improve-governance-123121800002_1.html Governance and business models of regulated entities came in for special attention of the central bank this year, reports Raghu Mohan RBI

Five out of top 10 destinations see a rise in April-November exports

https://www.business-standard.com/economy/news/five-out-of-top-10-destinations-see-a-rise-in-april-november-exports-123121800689_1.html Clipped from: https://www.business-standard.com/economy/news/five-out-of-top-10-destinations-see-a-rise-in-april-november-exports-123121800689_1.html This comes even as overall exports from India contracted during the period WTO said risks to the forecast include a sharper than

Transactions and seller base steadily growing on ONDC, says CBO Shireesh Joshi – The Hindu BusinessLine

https://www.thehindubusinessline.com/info-tech/transactions-and-seller-base-steadily-growing-on-ondc-says-cbo-shireesh-joshi/article67650784.ece Clipped from: https://www.thehindubusinessline.com/info-tech/transactions-and-seller-base-steadily-growing-on-ondc-says-cbo-shireesh-joshi/article67650784.ece Recently, ONDC crossed 2 lakh transactions per day-mark The Open Network for Digital Commerce (ONDC), which has been steadily witnessing adoption from

Navigating risks: Red Sea attacks’ potential impact on oil and gas shipping – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/logistics/navigating-risks-red-sea-attacks-potential-impact-on-oil-and-gas-shipping/article67656817.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/navigating-risks-red-sea-attacks-potential-impact-on-oil-and-gas-shipping/article67656817.ece Shipping firms and LNG tankers alter routes due to Houthi attacks in the Red Sea, raising post-Covid trade disruption concerns. A U.S.-led

IMF reclassified India’s de facto exchange rate regime to stabilised arrangement from floating – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/imf-affirms-indias-strong-economic-growth-recommends-swift-reforms/article67653321.ece Clipped from: https://www.thehindubusinessline.com/economy/imf-affirms-indias-strong-economic-growth-recommends-swift-reforms/article67653321.ece Forecasts 6.3% real GDP growth for FY23/24 and FY24/25 in anticipation of solid economic trajectory The International Monetary Fund (IMF) has reclassified

GST Annual Returns (GSTR-9) and Reconciliation Statement (GSTR-9C): A Complete Checklist

https://www.taxscan.in/gst-annual-returns-gstr-9-and-reconciliation-statement-gstr-9c-a-complete-checklist/353942/ Clipped from: https://www.taxscan.in/gst-annual-returns-gstr-9-and-reconciliation-statement-gstr-9c-a-complete-checklist/353942/ This article provides an extensive checklist tailored for business firms, specifically focusing on outward supplies concerning the annual return filing (GSTR-9) and

Inspection under GST Act as Per Order of Special Judge without Conducting any Prior Investigation: Delhi HC Quashes Proceedings

https://www.taxscan.in/inspection-under-gst-act-as-per-order-of-special-judge-without-conducting-any-prior-investigation-delhi-hc-quashes-proceedings-read-order/354080/ Clipped from: https://www.taxscan.in/inspection-under-gst-act-as-per-order-of-special-judge-without-conducting-any-prior-investigation-delhi-hc-quashes-proceedings-read-order/354080/ The Delhi High Court quashed the proceedings against the petitioner assessee, as the inspection under the Goods and Service Tax Act, 2017

Interim Relief to Exporter: Kerala HC stays Recovery of Refunded IGST paid on Zero Rated Supplies

Read More: https://www.taxscan.in/interim-relief-to-exporter-kerala-hc-stays-recovery-of-refunded-igst-paid-on-zero-rated-supplies/353935/ https://www.taxscan.in/interim-relief-to-exporter-kerala-hc-stays-recovery-of-refunded-igst-paid-on-zero-rated-supplies/353935/ Clipped from: https://www.taxscan.in/interim-relief-to-exporter-kerala-hc-stays-recovery-of-refunded-igst-paid-on-zero-rated-supplies/353935/ The Kerala High Court, granting an interim relief to petitioner-exporter, stayed the recovery of refunded Integrated Goods and Services Tax

Personal Hearing Mandatory u/s 75(4) of GST Act, even if otherwise opted for: Madras HC

Clipped from: https://www.taxscan.in/personal-hearing-mandatory-u-s-754-of-gst-act-even-if-otherwise-opted-for-madras-hc-read-order/354319/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Personal%20Hearing%20Mandatory%20u/s%2075(4)%20of%20GST%20Act,%20even%20if%20otherwise%20opted%20for:%20Madras%20HC The Madras High Court observed that personal hearing is mandatory under Section 75 (4) of the Goods and Services Tax (GST) Act, even

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