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Updates For the Day: September 30, 2020

CBDT issues Guidelines for TDS/ TCS by E-Commerce Operators and Sellers of Goods valued at more than INR 50 lakh

The Guidelines clarify that the TDS and TCS provisions will not apply to transactions involving...
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FSSAI extends the deadline for mandatory food safety audits of specified food businesses

By virtue of an order dated 13th August 2019, FSSAI mandated audits of six categories...
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FSSAI re-operationalises the FSS (Licensing and Registration of Food Business) Amendment Regulations, 2020

The Amendment Regulations state that the fees and other charges under the Regulations will be...
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The Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

The Taxation and other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 has been...
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RBI extends the interim relaxation in WMA limits for 6 months.

RBI has extended interim relaxation in Ways and Means Advances (WMA) limits and OD regulations...
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RBI extends the due date for completion of audit and submission of accounts till 31st December 2020.

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RBI extends the implementation of NSFR guidelines by six months.

The NSFR guidelines will ensure reduction in funding risk over a longer time horizon by...
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RBI defers the implementation of Capital Conservation Buffer to1st April 2021.

RBI has decided to defer the implementation of the last tranche of 0.625 percent of...
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