GST Common portal adds facility for filing refund application for multiple tax period
Taxpayers filing refund application for ITC accumulated on account of export goods or services without payment of tax and on account of supplies of goods & services made to SEZ unit/SEZ Developers without payment of tax, had now been provided with facility to apply for refund for multiple tax period. Refund application can be filed […]
FSSAI to prohibit terms like pure, natural, authentic on packaged foods
The Economic Times| Nov 13, 2018| New Delhi Food companies cannot use words such as ‘natural’, ‘fresh’, ‘original’, ‘traditional’, ‘pure’, ‘authentic’, ‘genuine’ and ‘real’ on the labels unless the product is not processed in any manner except washed, peeled, chilled and trimmed or put through other processing which could alter its basic characteristics, as per […]
Report complaints on sexual harassment at workplace every three months: Chennai DC to firms
Times of India| Nov 21, 2018 CHENNAI: Private companies and government run institutions in the city with more than 10 employees must periodically send their action taken reports on complaints filed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 every three months to the Chennai district collectorate. In a statement […]
Disclose reasons for delay in financial results within a day: SEBI tells listed entities
Sebi noted that there have been delays in submission of financial results by entities in the past, but the reasons were not brought out clearly. Sebi on 19th Nov issued a circular which mandates every listed companies to disclose detailed reasons for delay in submission of financial results to the stock exchanges within one working day […]
CPCB directions on Air and Water consent (2nd November, 2018)
Central Pollution Control Board has released new directions, dated 2nd November, 2018 for State Boards to streamline the process of obtaining Consent under Air Act and Water Act for establishment of new industries. As per Environmental Impact Assessment Notification, 2006, all industries falling in Category A and B of Schedule, are required to obtain Clearance […]
NOC from Ground Water Authority is now mandatory for infrastructure projects
The Ministry of Environment, Forest and Climate Change issued an Office Memorandum on 2nd November, 2018, making No Objection Certificate mandatory where groundwater is proposed as water source in all Developmental Projects. Infrastructure projects are required to obtain NOC from the Central Ground Water Authority (“CGWA”) or the State Ground Water Authority (“SGWA”), as the case may be. […]
SEBI Circular on Transfer of Securities in Physical mode
SEBI has issued a circular on Standardised norms for transfer of securities in physical mode on 6th November, 2018. RTAs seek various documents for effecting transfer of securities and there are variations in process which creates difficulties for transferees. Registrars Association of India (RAIN) submitted a standardised procedure for transfer of securities in physical mode and SEBI after examination […]
FSSAI issued Guidance Note on handling and disposal of used cooking oil
As per the Guidelines in Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011, reusing and reheating of oil should be avoided and in no case, it should be done more than three times. FSSAI observed that unused oil is either not discarded at all or disposed of in an environmentally hazardous […]
Companies to file Half Yearly return of overdues to MSME with MCA
The Ministry of Micro Small and Medium Enterprises (“MSME”) has in its notification dated 2nd November, 2018 made it mandatory for companies procuring goods or services from micro and small enterprises and making payments exceeding 45 days from the date of acceptance or the date of deemed acceptance of the goods or services to file/submit a […]
Model Welfare Scheme for Building and Other Construction Workers
Pursuant to the directions of the Hon’ble Supreme Court dated 4th July, 2018, Model Scheme for Building and Other Construction Workers and Action Plan (for Strengthening Implementation Machinery) has been drafted by Ministry of Labour. State Governments and Union Territory Administrations are requested to comply with the Scheme. The Scheme provides following additional benefits: 1. Life and disability […]
