"September, 2020" Archive - Page 10

Reg. Guidelines for Provisional Assessment under Customs

Circular No. 42/2020-Customs 29/09/2020

Circular No. 42/2020-Customs F.No 465 /01/2016 — Cus V Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs North Block, New Delhi Dated 29th September, 2020 To, All Chief Commissioners of Customs/Customs (Prev.) All Chief Commissioners of GST and Customs All Director Generals under C...

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E-Form Active (Inc-22A) can Be Filed Till 31st December, 2020

Currently, in view of large-scale disruption caused by COVID-19 Pandemic, MCA vide General Circular No. 30/2020 dated 28th September, 2020 has extended the CFSS-2020 till 31st December, 2020. Therefore, e-form ACTIVE (E-Form INC – 22A) can be filed without any additional fee....

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Posted Under: Custom Duty |

Procedure for authentication of electronic record by e-authentication technique

Notification No. S.O. 3472(E) 29/09/2020

e-authentication technique and procedure for creating and accessing subscriber's signature key facilitated by trusted third party- Authentication of an electronic record by e-authentication technique which shall be done by-...

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Financial difficulties cannot be a ground for non/delayed payment of wages

Hind Kamgar Sanghatana Vs. State of Maharashtra (Bombay High Court)

Hind Kamgar Sanghatana  Vs. State of Maharashtra (Bombay High Court) Payment of due wages to a workman is a statutory right under section 5 of the Payment of Wages Act &  is a fundamental right of a worker under Article 21 of the Constitution. Financial difficulties of employer cannot be a ground for non-payment or […]...

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Time for Creation of deposit repayment reserve & to deposit 15% of amount of debentures extended

General Circular No. 34/2020 29/09/2020

Clarification with regard to creation of deposit repayment reserve of 20% u/s. 73 (2) (C) of the Companies Act 2013 and to invest or deposit 15% of amount of debentures u/r.18 of Companies (Share capital and Debentures) Rules 2014 – COVID-19 – Extension of time-regarding. General Circular No. 34/2020 File No.02/08/2020-CL-V Go...

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TCS on Sale of Goods Section 206C(1H)- Income Tax Act, 1961

♦ Introduction to Section: -Section 206C of the Income Tax Act provides for the collection of Tax at Source (TCS). –TCS is collect on specified goods like Alcoholic Liquor for human consumption, tendu leaves, scrap etc. -In order to widen and deepen the tax, a two new sub-section (1H) is inserted with effect from 1.10.2020. [&hell...

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Posted Under: Custom Duty |

A Checklist for compliance for Companies (Auditor’s Report) Order, 2020

Ministry of Corporate Affairs had issued Companies (Auditor’s Report) Order, 2020 (hereinafter “CARO 2020”) vide Order no. S.O. 849(E) dated 25th February, 2020 in place of the existing Companies (Auditor’s Report) Order, 2016 (“CARO 2016”) dated 29th March 2016. Initially, CARO 2020 was effective for the financial yea...

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Posted Under: Custom Duty |

Goa increases threshold of applicability of Contract Labour Act from 20 to 50

Notification No.7/18/2020-LA 29/09/2020

Goa increases threshold of applicability of Contract Labour Act from 20 to 50 and provides for compounding of offences. Any offence punishable under sub-sections (1) and (2) of section 22 and section 24 may, either before or after the institution of the prosecution, on an application by the alleged offender, be compounded by such officer ...

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Extension of validity of Pre-Shipment Inspection Agencies (PSIAs)

Public Notice No. 20/2015-2021-DGFT 29/09/2020

Validity of all the Pre-Shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, is extended up to 31.12.2020 or until the new list of PSIAs is notified, whichever is earlier. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 20/2015...

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ICAI to conduct Advanced ICITSS – Adv. IT Test on 22.10.2020

It has been decided to conduct Advanced ICITSS - Adv. IT Test – in Computer Based Mode on Thursday, the 22nd October, 2020 from 10.30 AM to 12.30 PM (IST)....

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Posted Under: Custom Duty |

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