Import policy of items under HS Code 15119010, 15119020 and 15119090 is amended from ‘Restricted’ to ‘Free’ with immediate effect and for a period up to 31.12.2021. Further, import of items under HS Code 151190 is not permitted through any port in Kerala. [ Notification No. 10/2015- 2020 | Dated: 30th June, 2021]
Applicability of B2C dynamic QR code provisions extended to 30.09.2021. [ Notification No. 28/2021- Central Tax | Dated: 30th June, 2021]
Guidelines under Section 194Q of the Income Tax Act 1961 has been issued for applicability of transactions carried through various exchanges, Calculation of threshold for Financial Year 2021-22, adjustment for GST, purchase returns and other clarifications. [Circular No. 13/2021 dtd 30th June 2021]
MCA Relaxes time for filing forms for creation or modification of charges and the period from 01.04.2021 till 31.07.2021 will not be considered for calculations of days u/s 77 & 78 of the Companies Act 2013. [General Circular No.11/2021 dtd 30th June 2021]
Extension of time till 31st August 2021 for filling various forms under Companies Act, 2013/LLP without additional fees for forms of which due dates fall between 1st April 2021 to 31st July 2021 except for CHG-1 Form, CHG- 4 Form and CHG- 9 Form. [General Circular No. 11/2021 dtd 30th June 2021]
Extension in last date of filing QPRs/APRs by SEZ upto 31st Dec 2021. [Circular No. K-43022/7/2020-SEZ dtd 29th June 2021]
Basic custom duty on Crude Palm Oil & Palm Oil reduced. [Notification No. 34/2021-Customs/[G.S.R. 449 (E)] – 29/06/2021]
Anti-Dumping Duty On ‘Tyre Curing For Tyres Extended. [Notification No. 35/2021-Customs (ADD) dtd 29th June, 2021]
Anti-Dumping duty on ‘Hot-Rolled flat products of alloy or non-alloy steel’ Extended. [Notification No. 36/2021-Customs (ADD) dtd 29th June, 2021]
Anti-Dumping duty on ‘Cold-Rolled flat products of alloy or non-alloy steel’ extended. [Notification No. 37/2021-Customs (ADD) dtd 29th June, 2021]
Sunset Review of Anti-Dumping Duty imposed on Imports of Clear Float Glass originating in or exported from Iran. [Notification no. F. No. 7/15/2021-DGTR Dated: 29th June, 2021]
Amendment as enacted in the Finance Bill w.r.t. LIC Act 1956 has been notified and this has been made effective from 30th June 2021. [Notification dtd 29th June, 2021]
Hon Finance Minister announced the package for Economic Relief From Pandemic Rs. 1.1 Lakh Cr Loan Guarantee Scheme for COVID Affected Sectors (Health Sector: Rs. 50,000 Cr @7.95% interest and Rs. 60,000 Cr for other sectors @8.25%) Additional Rs 1.5 lakh Cr for Emergency Credit Line Guarantee Scheme Credit Guarantee Scheme to Facilitate Loans to 25 Lakh Persons Through Micro Finance …
Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks. [RBI Circular RBI/2021-22/64 DOR.ORG.REC.27/21.04.158/2021-22 dtd June 28, 2021]
Import of potatoes from Bhutan allowed without license till 30.06.2022. [Notification No. 9/2015-2020 dtd 28/06/2021]
NCLT to start Regular Hearings from 1.07.2021 through Video Conferencing.
The Equalization Levy Statement in Form No. 1 for the Financial Year 2020-21, which is required to be filed on or before 30th June, 2021, may be furnished on or before 31st July, 2021.
Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks is made mandatory at senior level with instructions of adequate staffing. [RBI/2021-2022/62 DOR.CRE(DIR).REC.26/21.04.103/2021-22 dtd June 25, 2021]
Extended Due Dates for Income Tax Compliances
Exercising of option to withdraw pending application under Settlement Commissioner under Section 245M(1) of the Act in Form No. 34BB which is required to be exercised on or before 27th June, 2021 may be exercised on or before 31st July, 2021.
