AKGVG Weekly Insight
Dear Reader,
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 1st Mar, 2022 which includes:
Date: 01.03.2022
S.no Description Relevant links
Section I: Income Tax
1. Clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India's DTAAs with certain countries circulated by CBDT. Circular no. 3/2022
dtd 03.02.2022
2. CBDT circulates guidelines under clause (10D) section 10 of the Income-tax Act, 1961 Circular no. 2/2022
dtd 19.01.2022
Section II: GST
1. CBIC seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 20 Cr from 01st April 2022. Notification no. 01/2022
dtd 24.02.2022
Section III: MCA
1. Relaxation on levy of additional fees in filling of e-forms AOC-4, AOC-4 Non-XBRL and MGT-7/MGT-7A for the financial year ended on 31.03.2021 under the Companies Act, 2013 notified by MCA. Circular no. 01/2022
dtd 14.02.2022
2. Notification under section 67 of LLP Act 2008 Notification dtd 11.02.2022
3. Notification for Commencement of sections 1 to 29 of LLP (Amendment) Act 2021.final (1). Notification dtd 11.02.2022
Section IV: RBI
1. Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs) notified by RBI. Notification
dtd 23.02.2022
2. RBI notifies new definition of Micro, Small and Medium Enterprises – Clarification. Notification
dtd 18.02.2022
3. Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications notified by RBI. Notification
dtd 15.02.2022
We trust you will find this Journal informative as well as useful.
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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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