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Updates For the Day: August 30, 2021

Advisory on HSN and GSTR-1 Filing

Taxpayers are therefore advised not to create 6-digit HSN code by truncating/removing the last two...

The IFSC has allowed branches of Indian financial institutions to offer financial products linked to Indian Rupee

Branches of Indian banks and branches of other Indian financial institutions operating in IFSC may,...

GST Portal updated to prevent registered persons in default of furnishing the return in FORM GSTR-3B from filing FORM GSTR-1

The GST portal system will check that whether before the filing of GSTR-1/IFF of a...

HFCs shall qualify as Financial Institutions under SARFAESI Act

The HFCs registered under of National Housing Bank Act, 1987 and having assets worth ₹100...

Operating Guidelines on Bullion Exchange, Bullion Clearing Corporation, Bullion Depository and Vault Manager

The Bullion Exchange shall only enable trading in Bullion which adhere to OECD Due Diligence...

Extended timelines for electronic filing of various Forms under the Income-tax Act, 1961

CBDT has extended the time lines for electronic filing of various Forms under the Income-tax...

UGC Streamlines the forms and processes for reducing compliance burden in Higher Education Sector

Higher Education Institutions (HEIs) are directed to initiate new reforms for simplification of methods in...

Andhra Pradesh Agricultural Land (Conversion For Non-Agricultural Purposes)(Amendment) Rules

The amendment provides that when an application for conversion of an Agricultural land into Non-Agricultural...

General Provident Fund (Tamil Nadu)(Amendment) Rules, 2021

The amendment provides that if a subscriber to the General Provident Fund scheme has attained...

Government of T.N revises the minimum wages payable for employees of leather goods manufactory

The employees shall also be provided dearness allowance based on average consumer price index on...

Government of T.N Revised the minimum wages for employees of rice mills, flour mills and dhall mills

The employees shall also be provided dearness allowance based on average consumer price index on...

Revised timelines for issue of licenses under Tamil Nadu Business Facilitation Rules, 2017

The amendment provides that The Renewal of Factories License, License for Manufacturer/ Repairer/Dealer of Weights...