Month: February 2023

Budget 2023 : CBIC Amend notification No. 57/2000-Customs which exempts gold, silver and platinum imported under specified schemes

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 09/2023-Customs New Delhi, dated the 1st February, 2023 G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the …

Budget 2023 : CBIC Amend notification No. 57/2000-Customs which exempts gold, silver and platinum imported under specified schemes Read More »

Lendingkart will remain cautious on travel, Auto components and other non-essential services until lockdown, says CFO, CFO News, ETCFO

Sudeep Bhatia, Group CFO, Lendingkart Technologies Pvt Ltd In an interview with ETCFO’s Shivani Phaugat, Sudeep Bhatia, Group CFO, Lendingkart Technologies Private Limited talked about the coronavirus’ impact on its lending segments, Reserve Bank of India’s relief measures and policy reforms for the industry. Lendingkart Technologies Private Limited is a fintech startup in the working …

Lendingkart will remain cautious on travel, Auto components and other non-essential services until lockdown, says CFO, CFO News, ETCFO Read More »

Budget 2023 : CBIC Extend the exemption benefit to Warm blood horse for equestrian sports

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/2023-Customs New Delhi, the 1st February, 2023 G.S.R. …..(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in …

Budget 2023 : CBIC Extend the exemption benefit to Warm blood horse for equestrian sports Read More »

India will benefit from growing tax revenue in FY2018: DBS, CFO News, ETCFO

SINGAPORE: India’s tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018, the Development Bank of Singapore said today. The routine sources of support are likely to wane this year – dividends from the central bank and other public sector banks/entities, divestment receipts …

India will benefit from growing tax revenue in FY2018: DBS, CFO News, ETCFO Read More »

Budget 2023 : CBIC Extend the validity of 3 notifications up to the 31st March, 2028.

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11/2023-Customs Dated: 1st February, 2023 G.S.R. ……. (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of …

Budget 2023 : CBIC Extend the validity of 3 notifications up to the 31st March, 2028. Read More »

GST Council may clarify on GST implications on ice cream parlors, CFO News, ETCFO

The GST Council is likely to consider issues related to levy of GST on ice cream parlors in the next Council meeting, expected later this month. The Council may clarify on confusions related to applicability of GST and date of its imposition at 18 percent, earlier ice cream parlor owners had sent a petition to …

GST Council may clarify on GST implications on ice cream parlors, CFO News, ETCFO Read More »

Budget 2023 : CBIC Amend 32 notifications in order to provide a specific end date for these notifications

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12/2023-Customs Dated: 1st February, 2023 G.S.R. ……… (E). – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that …

Budget 2023 : CBIC Amend 32 notifications in order to provide a specific end date for these notifications Read More »

Angel tax change likely to impact investment, say start-up CFOs, CFO News, ETCFO

In the Union Budget 2023-24, the government proposed to include foreign investors under the ambit of the angel tax that till now applied to Indian residents. According to the proposal, the excess premium received on sale of shares by an Indian unlisted company (Startup) will be construed as “income from other sources” and subject to …

Angel tax change likely to impact investment, say start-up CFOs, CFO News, ETCFO Read More »

Budget 2023 : CBIC exempt CNG from the duty of excise leviable on amount of GST

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 05/2023-Central Excise Dated : 1st February, 2023 G.S.R. ……… (E). – In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as …

Budget 2023 : CBIC exempt CNG from the duty of excise leviable on amount of GST Read More »