Govt amends notification No. 11/2018 Customs dated 2nd February, 2018 to align & substitute the HS Codes 6204 44 00 with 6204 44 10, 6204 44 90 and 6211 43 00 with 6211 43 10, 6211 43 90 with Finance Act, 2022

Govt notifies Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates) Rules, 2022

The functionality of Annual Aggregate Turnover ( AATO) has now been made live on taxpayers’ dashboards for the FY 2021-22 and can be amended twice within the month of May, 2022 in case it varies from the turnover as per their records.

DGFT revises Para 2.107 of Handbook of Procedure 2015-2020 and Appendix 2A of FTP, 2015-20 to incorporate the items mentioned under Tariff Rate Quota (TRQ) under India – UAE Comprehensive Economic Partnership Agreement (CEPA)

DGFT extends relaxation for import of crushed & de-oiled GM soya cake to allow import of remaining quantity of 5.50 Lakh MT up to 30.9.2022

RBI has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB–’ from any of the SEBI-registered Credit Rating Agencies

Guidelines introduced for fixing the compensation policy of Key Managerial Personnel and members of senior management of all NBFCs under SBR framework. W.e.f.1st April 2023

Regulations Review Authority (RRA 2.0) set up by RBI has recommended withdrawal of additional 225 circulars which has become redundant and duplicate in the third tranche of recommendations and to reduce the compliance burden on Regulated Entities (REs).

CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide

CBIC directs Implementation of IGCRD Rules w.r.t. COVID-19 Custom Duty Exemption on import of oxygen, oxygen related equipment and COVID-19 vaccines

Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22.

SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2022

GSTR-1/IFF enhancements deployed on GST Portal

Guidelines for constitution & functioning of Local Committees to deal with Taxpayers Grievances from High-Pitched Scrutiny Assessment.

Extension of Date for Mandatory electronic filing of Non-Preferential CoO till 01.08.2022

Master Circular for Real Estate Investment Trusts (REITs)

Master Circular for Infrastructure Investment Trusts (InvITs)

Process flow for opening Atal Pension Yojana (APY) account through online & Offline Aadhaar for a pension inclusive society, wherein every Indian Citizen who belong to the unorganized sector can secure their old age Income

SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2022

SEBI (Custodian) (Amendment) Regulations, 2022

Recognition as Pre-Shipment Inspection Agency (PSIA) & issuance and Electronic Verification of Pre-Shipment Inspection Certificate (PSIC)

CGST Delhi detected a case of excess availment of ITC of Rs. 94 Crores

Standard Operating Procedure for filing cases arising from Regulatory functions of MahaRERA

Scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity.

SOP for processing Reimbursement of SGST on films by the Excise and Taxation Department

CBIC Notifies Rate of Exchange of Foreign Currencies w.e.f. 22.04.2022

CBDT amends Income Tax Rule 17C to Forms or modes of investment or deposits by a charitable or religious trust or institution

Minutes of Monetary Policy Committee Meeting, April 6 to 8, 2022

DGFT Helpdesk support now available on a 24×7 basis

SEBI Streamlines Process of Public Issues & redressal of Investor grievances

Applications for allocation of TRQ under India-Mauritius CECPA for FY 2022-23

Salient features of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2022

Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public.

CA, CMA and CS (Amendment) Act, 2022 assented by President

Constitution (Scheduled Tribes) Order (Amendment) Act, 2022 amends the Constitution (Scheduled Tribes) Order, 1950 for inclusion of certain community in the list of Scheduled Tribes in relation to the State of Tripura.

CBDT notifies NBFID under section 10(48D) of Income Tax Act, 1961

SEBI issues operational guidelines for “Security & Covenant Monitoring using Distributed Ledger Technology (DLT).

Important amendments in Chapter 5 of Handbook of Procedure 2015-20 related to Export promotion Capital Goods Scheme to reduce “Compliance Burden” and enhance “Ease of doing business”

Tariff value of specified goods has been notified.

CBIC exempts BCD and AIDC on import of Raw Cotton for a specified period

As part of the overall structure for Corporate Governance, Compliance Function serves a critical role. Accordingly, it has been decided to introduce certain principles, standards and procedures for Compliance Function in NBFC-UL and NBFC-ML, keeping in view the principles of proportionality

Filings of statement of redressal of investor grievance under (Regulation 13 (3)) should be done by all listed companies, in XBRL mode only

CBDT notifies Somnath Temple as place of historic importance and a place of public worship of renown under section 80G of Income-tax Act, 1961

CBDT notifies Rajasthan Electricity Regulatory Commission

Scrip Transfer Recording Module has been amended incorporating additional feature of time-lag of transfer of scrip from one person to another to avoid fraudulent activity

Nomination by pensioners under Payment of Arrears of Pension (Nomination) Rules, 1983

IBBI bars IP for 2 years for not conducting CIRP as per IBC 2016 provisions

Companies (Incorporation) Amendment Rules, 2022 w.r.t. incorporation of Nidhi Company inserting proviso to Rule 12 and substituting New Form FORM No. INC.20A, FORM No.INC-32 (SPICe+), in Part-B

SEZ Rules 2006 have been amended for incorporating some amendments w.r.t. gems and jewellery

No violation if IRP allowed higher interest rate as per RERA Court order

No contravention of IBC Code of Conduct by RP if he takes Insurance cover for himself & insolvency professional entity

Dispute Resolution Committee – CBDT notifies New Rules & Forms

CBDT Notifies e-dispute Resolution Scheme for dispute resolution under Chapter XIX-AA of the Act in respect of dispute arising from any variation in the specified order by such persons or class of persons as specified by Board.

CBDT amends Income Tax rule 2F & rule 8B & release new Form No. 5B & 5BA

Amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020

No detention of Goods in the course of transport on the ground of undervaluation

CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.04.2022

Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022 is notified making important changes in regulations 2(1)(c), 5(2), 10(2), 30(2) . 35(1), 37(1), 38(3), 39(7), etc.

Now each taxpayer will have to be furnished details of ineligible ITC and reversal of ineligible ITC in GSTR-3B and for earlier months they should report the same in the Annual Return of 2021-22, if not reported in 2021-22.

KRAs shall continue to act as repository of KYC data in the securities market and shall be responsible for storing, safeguarding and retrieving the KYC documents and submit to the Board or any other statutory authority as and when required in accordance with the SEBI Circular No. SEBI/HO/MIRSD/DoP/P/CIR/2022/46 dtd April 06, 2022

Implementation of amendment of Legal Metrology Rules 2011 is extended from 1st April 2022 to 1st October 2022

DGFT extends Foreign Trade Policy and HandBook of Procedures 2015-2020 from 31.3.22 to 30th September, 22

CBDT extends date for application for registration or approval of trust in Form 10AB to 30th September, 22

MCA extends audit trail dated to 1st April 2023 and CSR-2 to 31st May 2022

President gives assent to Finance Act, 2022 on 30th March 2022

MahaRERA implements a new modified version for filing online complaints w.e.f 30-3-22

THE CRIMINAL PROCEDURE (IDENTIFICATION) BILL, 2022 to authorise for taking measurements of convicts and other persons for the purposes of identification and investigation in criminal matters and to preserve records and for matters connected therewith and incidental thereto has been introduced in Loksabha

THE CONSTITUTION (SCHEDULED CASTES AND SCHEDULED TRIBES) ORDERS (SECOND AMENDMENT) BILL, 2022 to amend the Constitution (Scheduled Castes) Order, 1950 and the Constitution (Scheduled Tribes) (Uttar Pradesh) Order, 1967 has been introduced

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY (PERFORMANCE REVIEW COMMITTEE) REGULATIONS, 2022 makes regulations for constitution, governing the information to be provided, provision of adequate resources and discharge of functions by the Performance Review Committee

Rajasthan SGST extends E-Way Bill limit to Rs. 2 Lakh w.e.f 1st April 2022, where the Goods movement commence and terminates within the area of same city without crossing the area of the city.

DGFT decides to foreclose Revised Transport and Marketing Assistance (TMA) for Specified Agriculture Products Scheme to revamp, redesign and refocus it better for better outcomes and notification dated 9th September 2021 has been withdrawn

Office address of the Export Promotion Council for EOU and SEZ (EPCES), New Delhi has been updated Under Appendix 2T of FTP, 2015-2020 with immediate effect. Public Notice No. 52/2015-2020-DGFT dated 24th March 2022

Rajasthan VAT exempts the retail outlets of petrol and diesel from requirement of filing returns under the said Act, subject to the condition that they purchase hundred percent of the said goods sold by them from the registered dealers of Rajasthan

Karnataka (GST) has directed to allow reimbursement for State GST (SGST) benefit to the cinematographic shows of the movie “The Kashmir Files” for six months.

Export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely United Kingdom, Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC.

DGFT extends the deadline from 31.03.2022 to 30.09.2022 to install and operationalise Radiation Portal Monitors and Container Scanners in designated sea ports.

Export Policy of Hydrofluorocarbons (HFCs) has been revised from ‘Free’ to `Restricted’ category with immediate effect and export Authorisations would be issued based on NOC from MoEF&CC.

Tribunal has been established consisting 3 members to decide disputes in the matter of election to the Council of the ICAI held in December, 2021

2 Govt Nominees are being appointed by MCA in Appellate Authority under Chartered Accountants Act, 1949, Cost and Works Accountants Act, 1959 and Company Secretaries Act, 1980

DGFT issues guidelines to amend Form ANF-4F of Handbook of Procedures, 2015-2020

DG (Hydrocarbon) has created a web page https://online.dghindia.org/upstreamindia/oil_gasblockdetails/info to provide the details of the Contractors/ License /Operator for the Blocks currently under Petroleum Operations

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 18th March, 2022

No request for Form 15E for certificates under section 195(2) & 195(7) w.r.t. TDS on other sums payable to non resident / non-resident, not being a company, or to a foreign company

CBDT condones the default in filing Form 10-IC to avail lower tax rate of 22% under section 115BAA for AY 2020-21 till 30 June 2022, if ITR was originally filed within due date and the option to avail lower rate was opted in ITR 6. Circular 06/2022 Dated: 17th March, 2022

Considering the difficulties in electronic filing, CBDT relaxes requirement of electronic filing of application in Form No. 3CF (Form for Approval for Scientific Research) till 30th Sept.22 or availability of electronic filing facility.

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

The Government of India has reviewed the FDI policy for permitting foreign investment in Life Insurance Corporation of India (LIC)

All provisions related to deduction of Tax At Source (TDS) on Salary or Income Tax Payable on Salary for the Financial Year 2021-22 / Assessment Year 2022-23.

Department of Pharmaceutical Industries (DOP is combining the existing 3 schemes – Assistance to Pharmaceutical Industry for Common Facilities (APICF), Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS)

Operationalization of new online for module filing of electronic registration for Interest Equalisation Scheme w.e.f. 01.04.2022

Mewar Chamber of Commerce & Industry, Rajasthan is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non Preferential).

RBI has directed Paytm Payments Bank Ltd to stop, with immediate effect onboarding of new customers

Maharashtra Vat Amnesty Scheme 2022 w.e.f. April 2022

SOP for implementation of the provision Of extension of time limit to apply for revocation of cancellation of GST registration have been laid down by Delhi GST

Amendments are made in maintain GPF Accounts since not Income Tax would be payable on the contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f financial year 2021-22.

Export of Rice (Basmati and Non-Basmati) to EU member states and other European Countries namely Iceland, Liechtenstein, Norway and Switzerland only will require Certificate of Inspection from EIA/EIC.

Import policy of Hydro fluorocarbons (HFCs) has been revised from ‘Free’ to `Restricted’ subject to NOC from MoEF&CC.

Amnesty Scheme-2022 for goods not subsumed in GST has been notified by Rajasthan VAN for disposal of outstanding demand(s) or disputed amount.

UAE economy, has announced a New Transaction Law

E-invoicing made mandatory for taxpayers whose aggregate turnover exceeds Rs 20 Cr from April 1

Anti-dumping duty on porcelain or vitrified tiles originating in, or exported from, the People’s Republic of China imposed for five years

Anti-dumping duty to remain in force for jute products originating in or exported from Bangladesh and Nepal till June 2022

Prohibition on export of Remdesivir & its API, Amphotericin-B Injections, Enoxaparin (Formulation and API), Intra-Venous Immunoglobulin (IVIG) (Formulation and API) which were used in COVID treatment has been lifted.

New customs regulations for conversion of Shipping bill has been notified

The office of Pr. CCA, CBIC has setup a ‘GST Refund Help Desk’ for addressing payment related problems faced by the taxpayers

Chennai customs introduced online portal for submission of intimations and returns for EOUs, / EHTP / STPIs. A welcome to be implemented across the country.

The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall remain valid till March 31, 2022

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 18th February, 2022

Tariff value to be computed for payment of custom duties on edible oils, gold & silver has been revised.

DGFT has introduced a new online module for filing of electronic, paperless applications for Issuance of Replenishment Authorisation

Ministry of Textiles has further extended the timeline for submission of applications under the PLI Scheme for Textiles till 28.02.2022 from 31.01.2022

Anti-dumping duty on imports of ‘Aluminium Foil’, falling under heading 7607, originating in or exported from China PRA has been extended upto 15th June, 2022

AIDC rate reduced to 5% for crude palm oil

Reduced BCD on crude & refined soya, sunflower crude & refined has been extended till Sept 30, 2022

Import policy for Moong is revised from “Free” to “Restricted” with immediate effect

The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022-2023 is notified.

Import policy of drones in CBU/CKD/SKD form under HS Code 8806 is `Prohibited’ with exceptions provided for R&D, Defence and Security purposes.

Import policy for import of various goods has been amended. Schedule I to import policy has been replaced.

The due dates has been extended up to 28th Feb 2022

The export policy of all kinds of syringes falling under HS code 90183100 or falling under any other HS code has been made ‘Free’ with immediate effect.

SEBI notifies Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} (Amendment) Regulations, 2022

SEBI issued a circular for Introduction of Special Situation Funds as a sub-category under Category I Alternative Investment Funds (AIFs)

DGFT released procedures for applying for Tariff Rate Quota (“TRQ”) under the Free Trade Agreement (“FTA”)/ Comprehensive Economic Cooperation Agreement (“CECA”) for FY 2022-23

Office of Principal Commissioner of Customs, JNCH has issued Public Notice for Setting up of Central Receipt Unit (CRU) at central location, and CRU Email address for each Commissionerate of Mumbai Customs Zone-II

A new set of regulations to amend the existing SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 has been notified,

Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 has been notified.

The new functionality of interest calculator in GSTR-3B is now live on the GST Portal

Anti-dumping Duty is imposed on Imports of ‘Axles for Trailers’ from China

The export policy of human hair, unworked, whether or not washed or scoured; waste of human hair or any other form of raw human hair under ITC (HS) Code 0501 has been put under restricted category, with immediate effect

Introduction of online PAN verification functionality in Finacle CBS System

Issuance of Securities in dematerialized form in case of Investor Service Requests

CBIC has rescinded the Notification levying Anti-Dumping Duty on PVC Flex Films

DGFT has notified the Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st March 2022

SEBI has notified “Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2022”

CBDT has notified Tax Exemption to National Skill Development Corporation, a body constituted by Central Government, in respect of the specified income under section 10(46) of Income Tax Act, 1961

CBIC has issued a circular regarding Alignment of AEO Circular No. 33/2016 dated 22.07.2016 and 54/2020 dated 15.12.2020 with CAROTAR, 2020

CBIC has issued Master Circular on Recovery and Write-off of Arrears of Revenue

CBIC has notified Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st January, 2022

Central Govt. has extended the validity of Udyog Aadhaar Memorandum (UAM) up to March 31, 2022

CBDT has issued clarifications on applicability of Sec. 10(10D) exemption on sum received from ULIPs

CBDT notifies e-Advance Rulings Scheme, 2022; applicable w.e.f. 18-01-2022

CBDT notifies Rule 8AD Computation of capital gains for the purposes of sub-section (1B) of section 45

CBIC has issued circular to allow extension of time period till 30.09.2022 for re-exports of ISO containers meant for transportation

CBIC exempts BCD and IGST on goods imported for the purpose of AFC Women’s Asian Cup India, 2022

Re-import of steel for packaging will not be covered under Steel Import Monitoring System (SIMS) (Policy)

SEBI launched ‘Saa₹thi’ – SEBI’s Mobile App on Investor Education

United States of America has been included as area of operation of M/s Hamilton Steel Logistics Inc, a Pre-Shipment Inspection Agencies (PSIA)

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

SEBI has notified Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2022

SEBI Empowering Investors through Investor Charters

All IECs which have not been updated after 01.07.2020 shall be de-activated with effect from 01.02.2022

Import consignments of metallic waste and scrap (both shredded and unshredded) imported from safe countries / region

Anti Dumping Duty on Colour coated / pre-painted flat products of alloy or non-alloy steel removed

CDSL Ventures Limited (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL) has been granted recognition as an Accreditation Agency

Guidelines are issued for submission of online application for One time registration for SCOMET license

Inclusion of Paragraph 2.79G in the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20 to notify the procedure for General Authorisation for Export of Chemicals and related equipment (GAEC)

The Ministry of Corporate Affairs has increased the Additional Fees on the form from existing 12 times to 18 times of normal fees with effect from July 1, 2022

MCA has notified Section 80 of Companies (Amendment) Act, 2017 w.e.f. 1st July, 2022

Insolvency and Bankruptcy Board of India bars Indian Institute of Valuers , Registered Valuers Foundation-IIV RVF from enrolling any new member for a period of Six months.

CBDT has extended the due dates for filing of Income Tax Returns and various audit reports for the Assessment Year 2021-22

A revamped & enhanced version of search HSN functionality has been launched on the GST portal.

Guidelines are issued for recovery proceedings under the provisions of section 79 of the CGST Act, 2017

As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B

Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th January, 2022 are notified by CBIC

Notification No. 30/2016 Customs (ADD) dated 11..07.2016 imposing Anti-dumping Duty on Imports of 1,1,1,2-Tetrafluoroethane or R-134a has been rescinded

Amendment in Export Policy of Enoxaparin (formulation and API)

In view of surge of Covid-19, DGFT has operationalised a ‘COVID-19 Helpdesk for International Trade related issues

Disclosure obligations of high value debt listed entities for Related Party Transactions

DGFT permits Gold Import by qualified jewellers notified by International Financial Services Centres Authority( IFSCA)

Para 9.08 of HBoP 2015-20 has been amended to revise the composition of Standing Grievance Committee

Investors are encouraged to lodge their complaints through online mechanisms specifically through SCORES portal and SCORES mobile application for effective redressal of grievances

Govt notifies that Rule 9(1A) of Prevention of Money-laundering (PML) (Maintenance of Records) Rules, 2005 shall not be applicable to Foreign Portfolio Investor (FPI)

CBIC has notified the Rate of Exchange of Turkish Lira against Indian Rupees with effect from 4th January, 2022

National Faceless Assessment Centre has analysed the writ petition filed between 01-04-2021 to 21-12-2021

Release of a framework for facilitating small value digital payments in offline mode using cards, wallets, mobile devices, etc.

Reporting of supplies notified under section 9(5) / 5(5) by E-commerce Operator in GSTR-3B

Implementation of Rule-59(6), as amended on GST Portal.

CGST Rate on Footwear Increased to 12% w.e.f. 01.01.2022 for Footwear of sale value not exceeding Rs. 1,000/- per pair to 12% (6%SGST +6% CGST)

IGST Rate on Footwear Increased to 12% w.e.f. 01.01.2022 for Footwear of sale value not exceeding Rs. 1,000/- per pair to IGST 12

UTGST Rate on Footwear Increased to 12% w.e.f. 01.01.2022 for Footwear of sale value not exceeding Rs. 1,000/- per pair to 12% (6%UTGST +6% CGST)

CBIC has amended the Notifications

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.

Schedule for Drawback on exports of goods has been amended w.e.f. 01.01.2022

CBIC has notified Sea Cargo Manifest and Transhipment (Ninth Amendment) Regulations, 2021

CBIC has extended the Custom Duty Exemption given earlier on Import of COVID-19 Vaccine up to December 31, 2021 has now been extended till 30th June, 2022

Centre notifies rules for Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021

RBI has extended the relaxation for Periodic Updation of KYC till 31.03.2022

CBDT has amended the guidelines on power of survey under section 133A of Income Tax Act, 1961

CBIC has amended the FTA/PTA notification to align with HSN 2022 w.e.f. 1.1.2022

Option is given to file manual/physical EODC applications for all such Advance Authorization’s, which have been issued prior to December 1, 2020

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.12.2021 has been extended till 31.01.2022.

Exemption/ Concessional rate given to few COVID-19 relief items

GST Council meeting held on 31st December 2021 has recommended to defer the decision of change in rates on Textile. Existing GST rates in textile sector to continue beyond 1st January, 2022

Extension in due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 from 31.12.2021 to 28.02.2022

Amendment in Rates of GST compensation cess under GST (Compensation to States) Act, 2017

Govt notifies CORRIGENDA to Finance Act, 2021 for rectifying 9 mistakes

CBDT has introduced New Form No. 56FF in Rule 16DD

Notification no. 03/2019-CE has been amended to incorporate HSN 2404 11 00 2404 19 00

Submission of certificates to schedule bank operating separate account by promotors irrespective whether such real estate project is a new project or an ongoing project till the occupancy certificate/completion certificate

Clarification that no RBI approval required for acquisition & transfer of immovable property by NRIs & Overseas Citizen of India (OCIs)

No additional fees for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL up to 15.02.2022 & for filing of e-forms MGT-7/MGT-7A upto 28.02.2022 for FY ended on 31.3.2021

CBDT notifies Faceless Appeal Scheme, 2021

CBDT notifies Income-tax (34th Amendment) Rules, 2021 wherein Rule 2DD has been inserted

One-time relaxation for verification of all income tax-returns e-filed for the Assessment Year 2020-21 up to 28.02.2022

Operational Guidelines for Production Linked Incentive (PLI) Scheme for Textiles for Promoting MMF and Technical Textiles segments has been introduced

Soya Meal has been included in the list of Essential Commodities Act, 1955 to regulate the production, stocking and distribution.

Period has been extended up to 30th June 2022 for storing card data by authorised non-bank payment aggregators and merchants on-board after that it will be prohibited

Electronic Gold Receipt notified as security under Securities Contracts (Regulation) Act, 1956

Bullion spot delivery contract and Bullion depository receipt notified as securities for issuance & Trading in International Financial Services Centres Authority Act (IFSCA)

In order to promote primary listing of debt securities on the recognised stock exchanges in the IFSC, it has been decided to defer the levy of regulatory fee of USD 1,000/ – in respect of listing of privately placed debt securities, till March 31, 2023.

NPS/APY Functionalities released by CRAs during Quarter II (FY 2021-22)

Restoration of relaxed timelines w.r.t. validity of observation letter pertaining to Mutual Funds

Mandatory Aadhaar authentication for registered person under GST

CBEC notifies provisions of sections 108, 109 and 113 to 122 of Finance Act, 2021 (FA, 2021) wef 1st day of January, 2022

CBIC notifies Rate of Exchange of Turkish Lira against Indian Rupees with effect from 23rd December, 2021

CBEC has introduced anti-dumping duty on imports of ‘Hydrofluorocarbon Blends’ originating in or exported from China PR for a period of five years

Important Changes in GST made effective w.e.f. 1st January 2022

In order to align the first schedule of Customs Tariff Act, 1975 with the Harmonized System (HS) 2022, the same will be come in to force from January 2022.

SEBI has constituted ‘Advisory Committee for Leveraging Regulatory & Technology Solutions

CBDT notifies e-Verification Scheme, 2021

Anti-Dumping duty on the imports of Axle

JNCH has amended the procedure for re-sealing of containers

Transaction in Corporate Bonds through Request for Quote platform i.e. one-to-one (OTO) or one-to-many (OTM) mode by Portfolio Management Services (PMS)

All imported consignments of cinnamon will get tested for coumarin content (on dry basis) ensuring it is not be more than 0.3 percent by weight.

RBI kept repo and reverse repo rate unchanged at 4 & 3.35 per cent

External Commercial Borrowing (ECB)/Trade Credit (TC) – Transition from LIBOR to Alternative Reference Rate (ARR)

Outsourcing of work by An IRP/RP is violation of Insolvency & Bankruptcy Board of India (IBC), 2016

MCA extends timeline up to 30th June 2022 for companies to conduct their EGMs through Video Conference (VC) or Other Audio Visual Means (OAVM) or transact items through postal ballot in accordance with framework.

SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021

Applications are invited by DGFT for import authorisation for Water Melon Seeds–Other (ITC(HS) 12077090) for the period of 01.01.2022 to 31.03.2022

Imposes ADD on import from China of Certain Flat rolled Products of Aluminium

Revised user charges for SEZ-Online services are notified & to be effective from 15.11.2021

SEBI has issued a circular Publishing Investor Charter & disclosure of Investor Complaints by Stock Brokers on their websites

SIONs for export product Sodium Salicylate and Methyl Cobalamin JP (Mecobalamin) under Chemical & Allied Product Group have been notified

Seized/confiscated gold will be sold (other than gold ornaments/jewellery/articles) to Reserve Bank of India (RBI) only instead of public sector banks approved by RBI to import and sell gold), MMTC Ltd. and STC Ltd.

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 3rd December, 2021

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Publishing of Investor Charter and disclosure of complaints by Debenture Trustees (DTs) on their Websites

SEBI Master Circular for Real Estate Investment Trusts (REITs)

DGFT to issue RCMC/ Registration Certificate online

Export policy of Agar Oil and Agarwood (Aquilaria Malaccensis) Chips and Powder has been amended from Free to Restricted with immediate effect

Loksabha passes Farm Laws Repeal Bill, 2021

Due date for online Filing of Audited Accounts with the Office of the Charity Commissioner, Maharashtra stands extended till December 31, 2021

RBI Caution against various Co-operative societies using the word “Bank” in their names

Domestic travellers coming to Maharashtra shall either be fully vaccinated or carry RT-PCR test valid for 72 hrs.

Guideline on TDS/TCS under Section 194O, section 194Q & Section 206C

CBIC Notifies Rate of Exchange of Foreign Currencies w.e.f. 25.11.2021

CBIC instruction on Import of teas from Nepal as Darjeeling Tea

Imported consignments of Alcoholic Beverages Bottled in Origin & in Bulk containing more than 10 percent alcohol, which does not have an expiry date, shall have a validity of 300 days.

Import of wireless equipment by Telecom Service Providers based on self-declaration

Strategic Consulting and Advisory

Feasibility, Exploration of Alternatives, profit optimisation,
Setting up Systems, Joint Venture and Collaboration

Ease of Doing Business in India

Formation of Company / LLP/ Firms, Various Registrations,
Operation, 100% Regulatory Compliances

Audit and Assurance

Management Audit, Proprietary Audit, Internal Audit,
Statutory Audits, Compliance Audit, Due Diligence

Foreign Trade Policy

Export Promotion Scheme, Export Promotion Capital
Goods (EPCG), Duty Exemption, EOU, SEZ & STPI

Outsourcing

Accounting Services, Fixed Assets & Inventory Count,
Support Functions, Compilation

Indirect Tax and Direct Tax

Direct Taxes, Indirect Taxes, Transfer Pricing, FEMA,
Corporate Affairs, Customs Act & Regulations

Training & Other Services

FEMA, Corporate Affairs, Labour Law Related Services,
Customs, Corporate Training on Goods and
Service Tax (GST)

Legal Services

Legal Services & Adjudications, Business Laws , Fiscal Laws,
Corporate Law/ Company Law, Labour Laws & Compliance

July 2024

June 2024

Februrary 2024

January 2024

November 2023

Bizsol is elated to announce that we have been awarded the 1st Runner-Up for the Best Employer for Persons with Disabilities for the third time this year at ASSOCHAM's 4th Diversity & Inclusion Excellence Awards and Conclave 2023

November 2023

Bizsol is delighted to announce that we have been awarded the 1st Runner-Up for the Best Employer for Women for the third time, this year at ASSOCHAM's 4th Diversity & Inclusion Excellence Awards and Conclave 2023

Feb 2023

CMA Ashok Nawal addressing CMA Practitioners on “Avenues for CMAs in the Era of
Changing Business Landscape” organised by Chapter of ICMAI Vishakhapatnam

March 2023

Detailed Analysis of Union Budget 2023 by CMA Ashok Nawal at Karad on 7th February 2023 organised by BJP, Satara District

March 2023

Program of Startup’s Ki Pathshala was arranged by CFO CLUB Pune Chapter addressing on Basic of Startup, Govt Schemes & Support and role of Professional

October 2023

Bizsol Work Culture!!

October 2023

Yet another milestone for Bizsolindia! We have inaugurated our new sprawling and state of art premises at Ch. Sambhaji Nagar (Aurangabad), Maharashtra. It was our honour to host Hon’ble Dr Bhagwat Ji Karad (Union Minister of Finance – State), Shri Rishikumar Ji Bagal (Chairman Bagla Group of Companies), Retire Justice Hon’ble K U Chandiwal Ji during the opening ceremony. As always, Bizsolindia is committed to serve our clients from this new location.

November 2023

January 2023

Our “Founder of Bizsolindia CMA Ashok B Nawal has been awarded “Doctorate in Finance Costing & Taxation (Honoris Causa) by Institute of Entrepreneurship and Management Studies approved by Americal Council of Training and Development NJ, USA in the hands of Dr Aditi Govitrikar on 29th January 2023 at Mumbai

January 2023

October 2022

July 2022

September 2023

Bizsolindia Services Pvt. Ltd. has been awarded as Winner in the category of "Best Employer for Persons with Disabilities" in Small Categories having 250-1000 employees by ASSOCHAM

December 2021

December 2021
Bizsolindia has been awarded as ‘Best Business Partner in Financial Services by General Electric(G.E)’

February 2021