Daily Updates

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).

Import policy for Tur /Pigeon Peas; Moong  and Urad is revised from ‘Restricted’ to ‘Free’ with immediate effect and for the period up to 31st October 2021.

Directorate General of Trade Remedies initiates  Anti-Dumping Investigation concerning imports of ―SOLAR CELLS WHETHER OR NOT ASSEMBLED INTO MODULES OR PANELS originating in or exported from China PR, Thailand and Vietnam.

CBDT notifies CDC Group Plc. and Ministry of Economy and Finance of Republic of Korea as specified person under Sovereign Wealth Fund category under Explanation 1 to 10(23FE)(vi)(b) for claiming exemption for interest, dividend or long term capital gains on investment made in India.

CBDT notifies investment in OMERS Administration Corporation, ‘Government Employees Superannuation Board, and Public Sector Pension Investment Board’ as specified person under Pension Fund category under Explanation 1 to 10(23FE)(vi)(c) for claiming exemption for interest, dividend or long term capital gains on investment made in India.

Customs has continued the Special Refund and Drawback Disposal Drive from 15.05.21 to 31.05.21.

Opportunity has been provided till 30th June 2021 for Mandatory updation of UDINs in all Income Tax Forms at e-filing portal.

ESIC Contribution for April 2021 can be made till 15th June 2021 instead of 15th May 2021.

DGFT facilitates online Module for issuance/amendment/re-validation of Export Authorisation for restricted items(Non-SCOMET) items from 17-5-2021.

Import policy of Integrated Circuits (lCs) for HS Codes 85423100, 85423900, 85423200, 85429000, and 85423300, of Chapter 85 will now require to obtain Automatic Registration Number from Chip Imports Monitoring System (CHIMS) prior to import.

Customs facilitates trade by restoring the earlier relaxation of submission of undertaking in lieu of Bond till 30.6.21 complying certain conditions.

All the Development Commissioners are directed to extend the due dates for pending compliances, expiry of validity of LoAs, approvals or permissions in the current lockdown in view of COVID-19 till 30.06.2021. The relaxation will apply for following activities, Requirement to file Quarterly Progress Report (QPR) attested by Independent Chartered Engineers by Developers/ Co-developers. SOFTEX …

All the Development Commissioners are directed to extend the due dates for pending compliances, expiry of validity of LoAs, approvals or permissions in the current lockdown in view of COVID-19 till 30.06.2021.(11.05.2021) Read More »

Relaxation provided that DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31st March, 2021) from the applicants for any incentive/authorizations till 30th September, 2021.

For SEZ units, a liberal approach may be taken by DCs for Work from Home  facility till orders for pandemic Covid are issued by National Disaster Management Authority or State Government.

Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other medical facilities providing Covid treatment to patients may receive cash more than Rs. 2 lacs from a person in a day for the period 1st April, 2021 to 31st May,2021 and by providing PAN/ Adhar of patient and relationship details between payee and patient to …

Hospitals, Dispensaries, Nursing Homes, Covid Care Centres or similar other medical facilities providing Covid treatment to patients may receive cash more than Rs. 2 lacs from a person in a day for the period 1st April,2021 to 31st May,2021. (08.05.2021) Read More »

The Ministry of Food Processing Industries (MoFPI) on Monday issued detailed operational scheme guidelines and launched an online portal inviting Expression of Interest (EoI) from food processing companies for availing the Rs. 10,900 crore Production Linked Incentive (PLI) scheme for the sector.