Daily Updates

GST: GSTN has issued an advisory for taxpayers on Form GSTR-2B [GSTN Advisory dtd 18th October 2021]

DGFT : Govt removes restriction on Export of Diagnostic kits [Notification No. 39/2015-2020 dtd 14th October 2021]

DGFT: Enlistment of 3 new Agencies (Export Promotion Council for EOUs & SEZs, Urban Exim Care Association & Federation of Industries & Associations) under Appendix 2E of FTP, 2015-2020 to issue Certificate of Origin (Non Preferential) [Public Notice No. 30/2015-2020 dtd 18th October 2021]

DGFT : Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st October 2021. [Trade Notice No. 21/2021-2022 dtd 18th October 2021]

Corporate Laws: Guidelines for change of name/shareholding pattern/constitution/Directors etc. [SEZ Instruction No. 109 dtd 18th October 2021]

Corporate Law : Submission of Form 5 is extended till 31.12.2021 [MahaRERA Order No:- 25/2021 dtd 18th October 2021]

Customs : To reduce Agriculture Infrastructure and Development Cess on crude soya, sunflower and palm oil till 31.03.2022. [Notification No.49/2021-Customs Dated 13th October, 2021)

Customs : To reduce BCD on Crude and refined soya, sunflower and palm oils till 31.03.2022 – Crude Oil – Nil, Edible – 17.5% [Notification No. 48 / 2021-Customs Dated 13th October 2021]

Customs :   Advisory for E-scrip to avail Export Incentive Schemes (RoSCTL, RoDTEP) [Customs Advisory No: 06/2021 dtd 1st October 2021]

Others: PM CARES for Children Scheme, 2021 [Notification G.S.R. 723(E). dtd 6th October, 2021]

Others: Govt notifies 7.1% interest rate on Deposit made under non-government PF, superannuation and gratuity with effect from 1st October, 2021 to 31st December, 2021. [Notification No. 5(4)-B(PD)/2021 dtd 5th October, 2021]

DGFT: DGFT notifies port of Ranaghat Railway Station (INRNG2) for import [Notification No. 36/2015-2020 – DGFT dtd 8th October, 2021]  

Income Tax: CBDT exempts certain class of persons from furnishing return of income [Notification No. 119/2021-Income Tax 11th October, 2021]

DGFT: Prohibition on export of Red Sanders wood in log form has been relaxed for export of 810.1894 MT of Red Sanders in log form by Forest, Environment and Climate Change Department, Government of Odisha [DGFT Notification 35/2015-2020 dated 7th October, 21]  

Customs : CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th October, 2021. [Notification No. 80/2021-Customs (N.T.) | Dated: 7th October, 2021]

Income Tax: Income-tax (31st Amendment) Rules, 2021 | Rule 11UE & Rule 11UF [ Notification No. 118/2021-Income Tax | Dated: 1st October, 2021]

DGFT : DGFT notifies quantity for export to EU under TRQ scheme [Public Notice No. 27/2015-2020-DGFT dtd 4th Oct 2021]

DGFT: Procedure for approval of applications for export of Syringes [Trade Notice No. 20/2021-22 dtd 5th Oct 2021]

Customs : ADD on import of Jute products import from Bangladesh & Nepal extended [Notification No. 58/2021-Customs (ADD) dtd 1st Oct 2021]

Customs : Anti-dumping duty on ‘ceramic tableware & glassware originating in or exported from Malaysia is extended so as to prevent the circumvention of anti-dumping duty levied on subject goods originating in or exported from China. [Notification No. 59/2021-Customs (ADD) dtd 4th October, 2021]