Daily Updates

RBI has made enhancements to the Indo-Nepal Remittance Facility Scheme.  (Circular RBI/2021-22/94 dtd 27th August 2021)

The Goods and Service Tax Network (GSTN) issued the Advisory on HSN and and GSTR-1 filing. (Advisory No.501 dtd 26th August 2021)  

RBI has decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi(PM SVANidhi Scheme). (Press Release dtd. 26th August 2021)

RBI has decided to extend the scope of tokenisation of permitted devices to include consumer devices – Laptops, Desktops, Wearables (wrist watches, bands, etc.), Internet of Things (IoT) devices, etc. so as to make card transactions more safe, secure and convenient for the users. Earlier this facility was available only for mobile phones and tablets …

RBI has decided to extend the scope of tokenisation of permitted devices to include consumer devices.(27.08.2021) Read More »

Request for feedback-Minimising Regulatory Compliances in respect of Pharma Industry. (Instruction no. 107 dtd 26th August 2021)

Anti-Dumping Duty (ADD) on imports of ‘Axle for Trailers’ from China is extended till 28th January 2022. (Notification No. 46/2021-Customs (ADD) dtd. 26th August 2021).

CBIC has issued a Notification imposing Anti-Dumping Duty on imports of Natural Mica based Pearl Industrial Pigments excluding cosmetic grade from China. (Notification No. 47/2021-Customs (ADD) dtd. 25th August 2021)

Implementation of Rule-59(6) of CGST Rules, 2017 on GST Portal. From 1st September 2021 registered person shall not be allowed to furnish FORM GSTR-1/IFF If he has not furnished FORM GSTR-3B for preceding 2 months (Non QRMP) Or if he has not furnished FORM GSTR-3B for preceding quarter (QRMP). ( GSTN dtd. 26th August 2021)

 SEBI has issued Circular on Security & Covenant Monitoring using Distributed Ledger Technology (DLT). ( Circular PR No. 26/2021 dtd. 25th August 2021)

Central Government revokes the levy of Anti-Dumping Duty on “ Barium Carbonate”. (Notification No. 45/2021-Customs (ADD) dtd. 24th August 2021)

Sunset review investigation on imports of “Glass Fibre and Article thereof” from China PR. (Case No. (SSR) 17/2020 Notification- -Final Finding-dtd. 24th August 2021)

Central Government allow imports of 12 Lakh Metric ton of crushed and de-oiled GM soya cake. (Notification No. 20/2015-2020 dtd. 24th August 2021)

MCA has issued updated FAQ’s on Corporate Social Responsibility (CSR).   (General Circular No. 14 /2021 dtd. 25th August 2021)

Finance Minister asks Infosys to resolve all glitches of e-Filing Portal by 15-09-2021.

4th Sunset Review Investigation concerning imports of “Polytetrafluoroethylene” (PTFE) originating in or exported from Russia.   (Case No. ADD-SSR 28/2020- Notification–Final Finding-dtd. 23rdAugust 2021)

Sunset Review Investigation concerning anti dumping duty on imports of Melamine from China PR. (Case No. AD-SSR 16/2020- Notification- -Final Finding-dtd. 23rd August 2021)

MCA has notified the Companies (Creation and Maintenance of databank of Independent Directors) Second Amendment Rules, 2021. A new rule 6 has been inserted requiring the Institute to submit an annual report on the capacity building of independent directors. (Notification No. G.S.R. 580(E) dated 19th August 2021)

MCA has notified the Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 whereby CA, CMA, CS & Advocate having 10 years’ experience from Online Proficiency Self-Assessment Test for becoming Independent Director. (Notification No. G.S.R. 579(E) dated 19th August 2021)

Anti-dumping investigation concerning imports of “Polyester Yarn (Polyester Spun Yarn)” (Case No. OI – 09/2020- (Notification-Final Finding- dtd. 19th  August 2021)

Anti-dumping investigation concerning imports of Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds also known as Arylides (Case No. ADD-(OI)-23/2020- (Notification- -Final Finding- dtd. 19th August 2021)