HomeNewsletterJune, 2022 – Issue No. I

June, 2022 – Issue No. I

GST
Provisional Attachment Order to indicate formation of opinions on the basis of tangible material – Madras High Court.
INCOME TAX
CBDT issues clarification regarding Form No 10AC.
CUSTOMS

Provisional assessment on all imports of the “Saccharin”, imported from Thailand, till the completion of anti-circumvention investigation.

ADD on Jute products imported from Nepal and Bangladesh extended till 30.11.2022.

 DGFT
A new RoDTEP schedule has been notified for implementation with effect from 01.05.2022.
COMPANIES LAWS

Form No. CAA-16 introduced for a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India.

Necessary Security Clearance from Home Ministry is required for Persons seeking appointment as a director from a country which shares land border with India.

For the preceding financial year (2020-2021), Form CSR-2 shall be filed separately on or before 30th June, 2022, after filing Form AOC-4 or AOC-4 XBRL or AOC-4 NBFC (Ind AS), as the case may be.

The Indian Tax Advisors