CBIC waives GSTR-1 late fees
Central Board of Indirect Taxes & Customs in its notification dated 3rd April 2020 has waived the late fees payable under section 47 of the Central Goods and Services Tax Act, 2017 for the registered persons who fail to furnish the details of outward supplies in FORM GSTR-1 for the months of March 2020, April 2020 […]
FSSAI grants relaxation of licensing requirements to reduce burden of lock down
FSSAI via notification dated 31st March 2020 has allowed temporary operation of FBOs without license renewal to ensure uninterrupted food supply and to relax the burden of the lockdown.
CBDT extends the validity of Forms 15G and 15H of Financial Year 2020-21.
The Central Board of Indirect Taxes vide its Notification dated 3rd March 2020 has extended the validity of forms 15G and 15H by three months to June 30, 2020, and has prevented banks from deducting TDS on interest income of individuals.
The State Pollution Control Boards extends validity of consent to operate for reducing burden of lockdown
The Pollution Control Boards across the states in India, as it has not been possible to process some applications for renewal of consent to operate and authorization consequent upon the outbreak of Corona Virus (COVID-19) and subsequent declaration of lockdown, has issued notifications extending for all industrial units validity period of Consent to Operate.
DGFT extends the date of implementation for track and trace system for export of Pharmaceutical and drug consignments
Directorate General of Foreign Trade in its notification dated 30th March 2020 has extended the date of implementation of track and trace system for export of pharmaceutical and drug formulations in order to maintain the parent-child relationship in packaging levels and its uploading on central portal by both Small Scale Industries (SSI) and Non-SSI till 1st day of […]
Government notifies Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.
The Ministry of Law and Justice vide its gazette Notification dated 31st March 2020 has published the Taxation and Other Laws (Relaxation of certain provisions) Ordinance, 2020, which provides for extension of various time limits under the Taxation and Benami Acts. It also provides for extension of time limits contained in the Rules or Notification which are prescribed/ issued under these Acts.
RBI extends the period of realization and repatriation of export proceeds.
The Reserve Bank of India in its circular dated 1st April 2020 has decided to extend the period of realisation of export proceeds. The time period for realization and repatriation of export proceeds for exports made up to or on July 31, 2020, has been extended to 15 months from the date of export.
The Ministry of Commerce and Industry has extended the validity of Registration cum membership certificate
The Ministry of Commerce and Industry vide its Trade Notice dated 31st March, 2020 has extended the validity of Registration cum Membership Certificate (RCMC) till 30th day of September, 2020, to reduce the burden caused by pandemic and lockdown.
CBDT extends the validity of lower withholding tax orders by 3 months
The Central Board of Direct Taxes vide its notification dated 31st March 2020 has extended the validity of all lower withholding tax orders, secured by assesses, for three months till June 30 to mitigate the hardship caused by Covid-19-related disruptions.
The government of Tamil Nadu has provided concessions for affected sections of society in view of lockdown
The State Government of Tamil Nadu in its press release dated 31st March 2020 has announced concessions MSME’s, Co-operative Societies and SIPCOT’s in view of the corona virus lockdown, as they’re the most affected. The following concessions are provided to the people who are suffering due to statewide lockdown: The Repayment of loans availed by […]
