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Archive: 01 April 2020

Posts in 01 April 2020

Activate ‘Deactivated’ DIN without any filing fees till 30.09.2020

April 1, 2020 23460 Views 3 comments Print

DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as ‘ACTIVE non-compliant’ due to non-filing of Active Company Tagging Identities and Verification (ACTIVE) eform are encouraged to become compliant once again in pursuance of the General Circular No. 11 dated 24th March, […]

Modified LLP Settlement Scheme

April 1, 2020 603 Views 0 comment Print

MODIFIED LLP SETTLEMENT SCHEME, 2020 Ministry of Corporate Affairs (MCA) has in relation to Circular 06/2020 dated 04.03.2020, has brought certain modifications to the existing LLP Settlement Scheme 2020 in order to support and enable Limited Liability Partnership (LLP) registered in India to focus on taking necessary measures to combat the COVID-19  threat and to […]

Companies Fresh Start Scheme, 2020 (CFSS)

April 1, 2020 1068 Views 1 comment Print

Companies Fresh Start Scheme, 2020 is one of its kind and it’s a golden opportunity for Companies and LLP’s to save huge amount of late fees, which would otherwise be payable:

Fortified Rice Kernels not classifiable as natural Rice: AAAR

April 1, 2020 1827 Views 0 comment Print

In re JVS Foods Pvt. Ltd (GST AAAR Rajasthan) Fortified Rice Kernels (FRK) manufactured by the appellant do not have essential character of natural Rice and also does not merit classification under Chapter 10 in terms of Chapter Note 1 (A) of the said Chapter. It is appropriately classifiable under the sub-heading of Chapter 19 […]

RBI announces further measures for dealing with COVID-19 pandemic

April 1, 2020 603 Views 0 comment Print

Reserve Bank Of India Date : Apr 01, 2020 1. Extension of realisation period of export proceeds Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption […]

Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation

April 1, 2020 7725 Views 0 comment Print

Reserve Bank of India RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020 To, All Authorised Dealer Category – I Banks Madam / Sir, Export of Goods and Services-Realisation and Repatriation of Export Proceeds-Relaxation The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to […]

Advisory on Payment of 24% of wages of workers in their EPF Accounts

April 1, 2020 1077 Views 1 comment Print

(i) The benefit of crediting of 24% of wages to the PF Accounts of workers will only be given to such establishments where 100% KYC is completed, (ii) Where salaries have been paid to the workers by the employers for the lock down period duly filing ECR for the same period and where a declaration is given about number of excluded employees and (iii) The declaration of excluded employees is optional till now but to avail the said benefit it is now mandatory.

Govt relaxes renewal of health / motor vehicle insurance policies installments

April 1, 2020 1587 Views 0 comment Print

Motor vehicle third party insurance policies. – In the case of renewal of motor vehicle third party insurance policies falling during the period of lockdown due to outbreak of COVID-19 pandemic, the risk may be assumed subject to the condition that the premium shall be paid within such time as the Central Government may, by notification, specify in this behalf;

Manual on homemade masks for Curbing Spread of Coronavirus

April 1, 2020 702 Views 0 comment Print

Office of Principal Scientific Adviser issues manual on homemade masks: Masks for Curbing the Spread of SARS-CoV-2 Coronavirus An office memorandum allowing institutes under DST, DBT, CSIR, DAE, DRDO and Indian Institute of Science (IISc) to self assess and prepare their labs for research and testing through the standard and rigorous protocol Testing will be […]

Latest Change in Income Tax & GST during COVID-19 period

April 1, 2020 609 Views 0 comment Print

COVID-19 has hit almost all sectors of the economy. PM Modi has also announced a 21-day complete lockdown till 14th April 2020 to check the spread of COVID-19. On the other hand, the Union FM Smt Nirmala Sitharaman has announced some reliefs for businesses to cope up with the difficult times of COVID-19. Amendments in […]

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