The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 01.10.2020 for both SSI and non SSI manufactured drugs. Government of India Ministry of Commerce and Industry Department of Commerce Directorate […]
The limit for FPI investment in corporate bonds is increased to 15% of outstanding stock for FY 2020-21. The revised limits for FPI investment in Central Government securities (G-secs) and State Development Loans (SDLs) for FY 2020-21 will be advised separately. Till such time, the current limits (as in Table – 2), shall continue to be applicable.
VAT (Value added tax) on petrol and diesel increased by Re 1 per litre in Maharashtra with effect from the 1st April 2020. In other words, this means petrol and diesel in Maharashtra become costlier by Re 1. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated 30th March 2020. NOTIFICATION […]
Amidst the COVID-19 outbreak and lockdown in various states, the Finance Bill 2020 ( Bill) introduced vide Union Budget 2020-21 was passed by both Houses of Parliament, with certain amendments. On 27 March 2020, the Bill has received President’s assent. Read-President Assents Finance Act, 2020 Key amendments by Finance Act , 2020 in Comparison to […]
Understand the recent changes in the Indian Stamp Act, 1899 with the new rule. Learn about the impact on stamp duty rates and liability of instruments on stock exchange transactions.
The world is now passing through a very critical period. A deadly virus is forcing us to spend sleepless nights. We are facing a serious threat to our lives. The World Health Organisation has named the disease as COVID-19 which has now been declared as a pandemic. The entire world is trying to combat a […]
Practical Approach of Audit by GST Authorities under Section 65 of the CGST Act, 2017 The intention of this article is to give all the readers a practical understanding of how the authorities go about with the GST Audit and to highlight the parameters which are mostly taken into consideration by the officers as a […]
While making every possible effort to facilitate legitimate trade, our frontline officers and staff need to be vigilant to thwart potential vulnerabilities in the international supply chain for illicit trade including counterfeit medicines, personal protective equipment and related items. as well as other transnational financial crimes.
