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Archive: 28 July 2021

Posts in 28 July 2021

9 New functionalities deployed on the GSTN portal in July 2021

July 28, 2021 1827 Views 0 comment Print

New functionalities deployed on the GSTN portal in the month of July 2021 1. Submission of a complaint in case of misuse of PAN > Do a Search by PAN functionality on GSTN Portal and check all the registrations available/ taken in GST, linked to that PAN. > You can now submit an online complaint, in […]

Re-Registration under section 12AB for Trust/Institution

July 28, 2021 30210 Views 0 comment Print

Effective Date: All the existing trusts and institutions registered under section 12AA of Income Tax Act, 19861 shall re-register themselves under section 12AB w.e.f. 01.04.2021 Registration u/s 12AB: Registration granted u/s 12AB shall remain valid for 5 years. (3 years in case of provisional registration) Forms to be filled: Form 10A: (Last date of filling […]

DGFT Introduces online Deemed Exports Application Module

July 28, 2021 882 Views 0 comment Print

The members of trade are hereby informed that this Directorate is introducing an online Deemed Exports Module on the DGFT website as a part of IT Revamp for receiving applications under the Chapter 7 of FTP 2015-20.

Issuance of Export Authorisation for SCOMET Items w.e.f. 05.08.2021

July 28, 2021 894 Views 0 comment Print

All applicant exporters seeking export authorization for SCOMET items are advised to apply online by navigating to the DGFT website (https://www.dgft.gov.in) -> Services -> Export Management Systems ->SCOMET.

Access for Non-banks to Centralised Payment Systems

July 28, 2021 1650 Views 0 comment Print

Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem. It also brings advantages to non-banks like reduction in cost of payments, minimising dependence on banks, reducing the time taken for completing payments, eliminating the uncertainty in finality of the payments as the settlement is carried out in central bank money, etc.

RBI announces Digital Payments Index (RBI-DPI) for March 2021

July 28, 2021 480 Views 0 comment Print

RBI had earlier announced construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country.

MahaRERA: Promoters to report on Execution of registered conveyance deed

July 28, 2021 2898 Views 0 comment Print

every promoter henceforth shall: – (a) Submit quarterly up-to-date status report regarding steps initiated by the promoter for execution of the registered conveyance deed. Such up-to-date status firstly shall be submitted along with the quarterly up-to-date status of the project, that the promoter shall be submitting immediately after application for obtaining occupancy certificate is submitted to the Competent Authority.

MahaRERA: Builders to submit Report from CERSAI

July 28, 2021 24096 Views 0 comment Print

MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY Date :28/07/2021 Order No: – 19 /2021 No. MahaRERA / Secy / File No.27 / 149 /2021 Subject: Report from CERSAI Whereas Ministry of Finance notified the establishment of the Central Registry Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government Company, incorporated for the purpose of operating […]

MahaRERA to implement Financial Quarter Based Project Progress Reporting System

July 28, 2021 5475 Views 0 comment Print

MahaRERA shall implement Financial Quarter Based Project Progress Reporting System for all MahaRERA registered real estate projects. Promoters shall file Quarterly Progress Reports (QPR) as per Financial Quarters within 7 days of the Quarter End ( Due Dates will be every 7th day of July, October, January and April respectively).

Incorporation Procedure for Section 8 Company

July 28, 2021 3135 Views 0 comment Print

Procedure for incorporating section 8 companies: (1) Where it is proved to the satisfaction of the Central Government that a person or an association of persons proposed to be registered under this Act as a limited company— (a)  has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of […]

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