RBI kept interest rate unchanged and given booster shot to COVID-19 affected Services like hotel and restaurants, tourism and travels, tour operators and adventure / heritage facilities, aviation ancillary services , bus operators, car repair services, rent a car service providers , event organiser , SPA clinics and beauty parlour. Therefore, borrowers upto loan of …
Operational Guidelines for the Production Linked Incentive Scheme for Pharmaceuticals have been notified. [File No. 31026/60/2020 Policy dtd 1st June 2021]. Time period allowed for filing application is during 2nd June to 31st July 2021.
The Securities and Exchange Board of India (SEBI) and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) have entered into a bilateral Memorandum of Understanding (MoU) for mutual co-operation and technical assistance. [ SEBI Press Releases No.20/2021 dtd 3rd June 2021]
Anti-dumping duty on imports of ‘Polytetrafluoroethylene’ from Russia [Notification No. 32/2021 -Customs (ADD) | Dated 03.06.2021]
Anti-dumping duty on imports of ‘Phenol’ extended till 31.10.2021 [Notification No. 33/2021 -Customs (ADD) Dated 03.06.2021 ]
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2021 The above Guidelines shall come into effect for appointments as IRP, Liquidator, RP and BT with effect from July 1, 2021. These Guidelines have been issued in supersession of the earlier Guidelines issued on November 23, 2020. The …
Bizsol Update for the month June 2021 Decoding the Labour Code – The Good , The Bad and the Ambigous in the Labour Code by R.Venkitachalam, Chairman, Bizsolindia Services Pvt. Ltd. All About TDS on Purchase of Goods ( Section 194Q) with CA. Manoj Malpani Recommendations of 43rd GST Council meeting Articles: “Are you prepared …
RoC cannot deactivate Director Identification Number (DIN) : (Baalu Renukadevi Vs Union of India (Madras High Court)
GSTR-1 cannot be amended after expiry of time- Condonation not possible: (Abdul Mannan Khan Vs Goods & Services Tax Council & Ors. (Calcutta High Court)
Punjab Govt have raised serious observation on the authority granted to Bureaucrats in terms of Section 164 of CGST Act 2017, which is causing the action to the trade & Industry especially w.r.t. restricting input tax credit, if the suppliers collected the tax, but could not deposit with the government. He had requested to take …
RBI cancels licence of Shivajirao Bhosale Sahakari Bank
Tariff Values of certain items has been revised. [Notification No. 49/2021-Customs (N.T.) dtd 31st May 2021)
Sea Cargo Manifest and Transhipment (Third Amendment) Regulations, 2021 extending timelimit from 31st May to 30th June 2021 (Notification No. 50/2021-Customs (N.T.) Dated 31st May, 2021)
Extension of due dates for regulatory filings by AIFs and VCFs, during the period ending March 2021 to July 2021 as prescribed under SEBI (Alternative Investment Funds) Regulations, 2012 and circulars issued thereunder. AIFs and VCFs may submit regulatory filings for the aforesaid periods, as applicable, on or before September 30, 2021. (SEBI CIRCULAR NO. SEBI/HO/IMD/IMD-I/DOF6/CIR/2021/568 dtd …
Amphotericin-B injections is restricted for export till further order (DGFT Notification No. 07/2015-2020 Dated: 1st June, 2021)
CBDT to share information with State Police Agencies of 6 States i.e. Assam , Chhattisgarh , Punjab, Uttar Pradesh, West Bengal & Delhi (Notification No. 69/2021-Income Tax Dated: 31st May, 2021)
Govt depts & local authorities excluded from e-invoice requirement (Notification No. 23/2021 – Central Tax- Dated 1st June, 2021)
Central Goods and Services Tax (Fifth Amendment) Rules, 2021 have been notified. Following are the key changes: A registered person registered under the provisions of the Companies Act, 2013 shall, during the period from the 27th day of April, 2021 to the 31st day of May, 2021, 31st day of August, 2021 also be allowed to furnish the return …
No extension has been granted for the time limits as specified under : Chapter IV of CGST Act related to time and place of supply; Sub-section (3) of Section 10 related to composition levy; Sections 25 – Procedure for registration; Section 27 – Special provisions relating to CTP & NRTP; Section 31 – Tax Invoice; …
No extension has been granted for the time limits as specified (02.06.2021) Read More »
Extension of time limit / limitation period which falls during 15th April 2021 to 29th June 2021, is automatically extended to 30th June 2021 for completion of (a) completion of any proceeding or passing of any order or issuance of any notice, intimation, notification, sanction or approval or such other action, by whatever name called; …
