Team Bizsol

Fee Structure for IFSC Insurance offices and IFSC intermediary Office has been specified.

Anti-dumping duty on imports of ‘1,1,1,2-Tetrafluoroethane or R-134a’, originating in or exported from China PR shall remain in force up to and inclusive of the 10th January, 2022.

National Company Law – Appellate Tribunal allows e filing of documents with an undertaking that the required documents shall be submitted when Tribunal resumes for physical hearings.  

Limit of Foreign Investment in Indian Insurance Company increased from 49% to 74%.

Directorate General of Trade Remedies initiates Anti-dumping investigation concerning the imports of Phthalic Anhydride (PAN) originating in or exported from China PR, Indonesia, Korea RP and Thailand.

Directorate General of Trade Remedies initiates Sunset Review Investigation concerning imports of “Uncoated Copier Paper” originating in or exported from Indonesia and Singapore.

MCA issues clarification that Company may offset the excess amount spent for CSR in FY 19-20 against requirement of CSR Spent for FY 20-21.

Extended Due Dates for Income Tax Compliances

In view of launch of new efiling portal by Income Tax on 7th June 21, the existing portal www.incometaxindiaefiling.gov.in will not be available on 1st June 21 to 6th June 21.

DGFT has introduced online e-EPCG Committee Module for applications seeking relaxation in Policy/ Procedure on grounds of genuine hardship and adverse impact on trade under Para 2.58 of FTP.

Amendments in CGST Rules, 2017 : Time limit for application for Revocation of cancellation of Registration can be made within 30 days from cancellation order or extended period by Addl / Joint Commissioner / Commissioner [Rule 23(1)] and Form REG-21 aligned thereof. The time period from date of date of Filing Refund claim (RFD01) till …

Amendments in CGST Rules, 2017.(19.05.2021) Read More »

Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration.

Procedure Clarified under IGCRD: 100% Job Work for Manufacturing except sensitive items is allowed Clearance of Imported CG is allowed on payment of duty on Depreciated Value Number of Items have been included in recent Budget Procedure to be importer clarified Intimation Copy to be uploaded on e-Sanchit and link to be given on documents …

Procedure Clarified under IGCRD.(19.05.2021) Read More »

Institute of Company Secretary has extended the ICSI eCSin Amnesty Scheme,2021 till 31st May, 21.

Institute of Company Secretary has extended the Amnesty Scheme for UDIN from 15th May 21 to 31st May 21.

Directorate of Income Tax has finalised the Norms for Assessment under Computer Assisted Scrutiny Selection for AY 19-20.

Employee Provident Fund Organisation(EFPO) has extended the maximum limit from Rs. 6 lakhs to Rs. 7 lakhs under Employee Deposit Linked Insurance Scheme.

ITC refund for technical glitches in GSTN software should be allowed – Tvl. Mehar Tex Vs Commissioner of Central GST And Central Excise (Madras High Court).