GST e-Invoice with Dynamic QR Code implementation extended to 1st October 2020
CBDT has notified that the e-invoice and QR Code would be mandatory for the taxpayers from 1st October 2020 under the GST regime.
Aadhar Authentication mandatory for GST registration
The Applicant while submitting the application for registration after 1st April 2020, shall undergo authentication of Aadhaar number for grant of registration.
FSSAI declares import and testing of food as “Essential Services”
All personnel assigned to these services shall attend office where as the rest of the officials who would be working from home shall be available all the time via telephonic and electronic communication systems.
SEBI Extends timeline for regulatory filings and compliances for REITs and InvITs
All filings and compliances that was to be made by Real estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) within 31st March 2020, is extended for a month from their due dates.
SEBI grants relaxation to Mutual Funds in the context of Pandemic COVID 19
Securities Exchange Board of India vide notification dated 23rd March 2020 has extended relaxations in compliances related to Mutual funds due to the Pandemic COVID 19. As per the notification all NFO schemes which have been given observation letters but are yet to be launched shall have validity period of 1 year from the date of issuance of such letter. Timelines of certain disclosures and policy initiatives have also been extended.
Finance Minister announces COVID -19 Compliance reliefs
The Finance Minister on 24th March 2020 has announced several reliefs for easing the burden on the citizens of India for complying with the requirement of Income-tax Act, Companies Act, Goods and Service tax laws etc. The Finance Minister clarified that no financial emergency will be declared. The finance ministry is already working an economic package to mitigate the impact of coronavirus on the Indian economy.
Ministry of Health and Family Welfare issues guidelines to Hotels/Lodging facility
Ministry of Health and Family Welfare have issued guidelines for prevention of transmission and disinfection of hotels/lodging facility where suspect/confirmed COVID 19 cases have been housed. The notification seeks to provide interim guidance about the environmental cleaning/ decontamination in hotels/lodging facilities where persons with potential exposure to COVID 19 have housed.
CBDT provides a special procedure for corporate debtors undergoing corporate insolvency resolution process
The Central Board of Indirect Taxes and customs vide its notification dated 21st March 2020 has issued a special procedure for corporate debtors undergoing corporate insolvency resolution process.
The Ministry of Labour has extended the last date for filing Of Unified Annual Return under 8 Labour Laws
The Ministry of Labour and Employment, vide its notification dated 20th March 2020 has extended the last date of filing of Unified Annual Returns under 8 Labour Laws for the year 2019 up to April 30, 2020.
No penalty for non-filing Form “CAR” to confirm Readiness towards COVID-19
The web Form has been deployed as a purely confidence-building measure to assess the readiness of the companies to deal with COVID-19 Threats in India. As such no penalty or enforcement-related action is applicable.
