Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)
The scheme provide for refund of Duties and Taxes levied on exported products by central, state or local governments, Prior stage cumulative indirect tax levied on goods and services used for production of export goods, Indirect taxes/duties and levies paid for distribution of export products.
M.P Government introduces Bill to repeal 777 amending acts
MP Government repeals 777 amending acts to different statutes which have become obsolete and redundant.
Government of MP amends the Madhya Pradesh Stamp Rules, 1942
The amendment provides that Ex-officio vendors under the rules shall include Banks, Financial Institutions, Post offices or such bodies where 51% shares are held by the central government or the state government.
MP Government amends the Madhya Pradesh Forest Produce (Regulation of Trade) Wood Rules
The amendment provides that the license for Aramil shall be renewed for five calendar years and the period during which the application for renewal of the license shall be considered pending, it shall be deemed that such license had been renewed under the Act and the license holder was operating the Aramil or Ara pit accordingly.
Kerala PCB directs businesses with consent to operate to file Environmental Statement
Every person carrying on an industry, operation or process requiring consent under the Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control of Pollution) Act, 1981 or both or authorization under the Hazardous and Other Wastes (Management and Trans-boundary Movement) Rules, 2016 shall submit an Environmental Statement for the financial year ending the 31st March
PFRDA clarification regarding the third party contributions in NPS
It is clarified that alike in Government sector, the subscribers / employees under NPS Corporate Sector having an arrangement with respective employer, can contribute to their Tier II account by way of salary deductions.
IFSCA Guidelines on Factoring and Forfaiting of Receivables
The guidelines directs that every Factor and/or ITFS on behalf of the Factor, as the case may be, shall register the particulars of every transaction of assignment of receivables in its favor with the Central Registry set-up under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
Income-tax (24th Amendment) Rules, 2021
The amended rules provides that in respect of a company or a limited liability partnership, authorized representative to appear before an IT Authority can be the person appointed by the Adjudicating Authority for discharging the duties and functions of an interim resolution professional, a resolution professional, or a liquidator under the Insolvency and Bankruptcy Code.
Draft AP Factories (Amendment) Rules
The amendment provides that the occupier of a factory can register online through single desk portal. It is also provided that annual fee can be paid online. The fee can be paid annually or for a block period of not more than ten years at the option of the occupier. Seven days from the date on which application is received registration can be deemed granted in the absence of objections.
Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021
The stakeholders can email the Comments within 30 days from the date of this letter i.e. by 15.09.2021.
