NPCI revises Retrieval Reference Number in UPI to avoid duplicates; PSPs and Banks to implement revised RRN and remove validation of ‘YDDD’ by 31st May, 2024. by Anum Ahmed | Apr 24, 2024 | Central, OPS, UPIThe National Payments Corporation of India (“NPCI”) has issued an addendum to a previously issued... Read More
NPCI fixes maximum UPI inward credit limit for P2PM merchants; Acquiring Banks and Payment Service Providers to comply with directions before 30th April, 2024 by Lexplosion | Apr 15, 2024 | Central, UPINational Payments Corporation of India (“NPCI”) has fixed the maximum United Payment Interface... Read More
CBIC issued clarification regarding applicability of GST on job work services, reimbursement of electricity charges by Lexplosion | Nov 15, 2023 | Central, GST, IndustriesCentral Board of Indirect Taxes and Customs (CBIC) via Circular No 206/18/2023-GST has issued... Read More
CCI introduces the Draft CCI (Lesser Penalty) Regulations 2023 to include the provisions of ‘lesser penalty plus’ and withdrawal of’ lesser penalty’ / ‘lesser penalty plus’ applications by Anum Ahmed | Nov 1, 2023 | All module, Central, IndustriesThe Competition Commission of India (“CCI”) has issued the Draft CCI (Lesser Penalty) Regulations... Read More
Central Board of Indirect Taxes and Customs (CBIC) notified valuation of supply of services by a supplier wherein the recipient is a related person by Anum Ahmed | Nov 1, 2023 | Central, GST, IndustriesCentral Board of Indirect Taxes and Customs (CBIC) via Notification no. 52/2023-Central Tax has... Read More
Central Board of Indirect Taxes and Customs (CBIC) notifies claim of tax refund in cases of SEZ supplies by Anum Ahmed | Nov 1, 2023 | Central, GST, IndustriesCentral Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 05/2023- Integrated... Read More