Ministry of finance enlists all the tax compliance extensions granted as covid relief measure
The Ministry of Finance has issued tax exemptions to ameliorate stress due to COVID-19 through press release dated 19 July 2021. The press release states that the Government has extended various key tax compliance deadlines
due to impact of COVID-19 pandemic.
MoU towards execution of planned actions in time bound manner in 132 cities under National Clean Air Programme
The National Clean Air Programme (NCAP) is a long-term, time-bound, national level strategy to tackle air pollution problem across the country in a comprehensive manner with targets to achieve 20% to 30% reduction in Particulate Matter concentrations by 2024 (with 2017 as base year).
The Government of Karnataka has extended the Karasamadhana Scheme
The Karasamadhana Scheme is extended till 31.08.2021 on account of inconvenience faced by Trade and Industries due to lockdown imposed in the State to avail the benefits under Karasamadhana Scheme, 2021.
Government of J & K provides for remission of stamps duty for Industrial units undertaking substantial expansion
Government of Jammu and Kashmir has provided for remission of duty
chargeable under the Stamps Act,1977 for new as well as existing Industrial units undertaking substantial expansion
in case of documents/instruments related to land transactions in Government Industrial Estates.
Government of Jammu and Kashmir has revoked the scheme reimbursement of IGST for promotion of Small/Medium/Large scale Industries
The scheme was introduced for providing Budgetary support to the manufacturing units in the shape of reimbursement of Integrated Goods and Services Tax (IGST). The scheme shall stand withdrawn with effect from 01 .04.2021.
Ministry of Consumer Affairs relaxes stock limit for pulses.
The revised order provides that stock shall be applicable only on tur, masoor, urad, and chana, for a period up to 31stOctober, 2021. It has been decided that Importers of pulses will be exempted from stock limits.
Ministry of Chemicals and Fertilizers grants one time extension from revision of ceiling prices under NLEM.
As per para 18(i) the revision of ceiling prices on the basis of moving annual turnover value shall be carried out, as and when the National List of Essential Medicines is revised by the Ministry of Health and Family Welfare or five years from the date of fixing the ceiling price under this Order whichever is earlier.
DGFT extends the date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO).
The option of Submission and issuance of CoO (Non-Preferential) by the issuing agencies through their paper-based systems may continue further up to 30th September 2021.
DGFT invites suggestions for the New Foreign Trade Policy 2021-26.
The New foreign trade policy aims to boost the exports of both services & goods and to improvise the infrastructure for the operations of domestic services & manufacturing sectors to correct the trade imbalance in India.
The Life Insurance Corporation of India Development Officers (Revision of Certain Terms and Conditions) (Amendment) Rules, 2021.
The Amendment is brought under rule 2(1) which defines the term “eligible premium” which means such proportion as may be specified by the Corporation from time to time on the first year’s premiums received by the Corporation in respect of the business secured by the agents in the organization of a Development Officer, which is adjusted in the relevant appraisal year.
