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Addendum to Lockdown Guidelines of MHA dated 24.03.2020

March 27, 2020 2634 Views 0 comment Print

ddendum to Guidelines annexed to the Ministry of Home Affairs Order No. 40-3/2020-D dated 24.03.2020 Addition in exemption to Clause 1: Term treasury Pay & Accounts Offices. Financial Advisers and held offices of the Controller General of Accounts, with bare minimum staff

Delhi HC extends all interim orders till 15.05.2020

March 25, 2020 1089 Views 0 comment Print

In view of the outbreak of COVID-19, the functioning of this Court is restricted only to urgent matters vide Notification No.51/RG/DHC/dated 13.03.2020.

Govt withdraws schedule of Statutory Audit of public sector banks

March 25, 2020 1236 Views 0 comment Print

In order to bring promptness and uniformity, it has been decided that after closure of accounts on 31st March of the financial year, the PSBs will follow the following schedule in this regard –

COVID-19 – Special relief Measures for Companies & LLP

March 24, 2020 47043 Views 1 comment Print

In order to support and enable Companies and Limited Liability Partnerships (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the following measures have been implemented by the Ministry of Corporate Affairs to reduce their compliance burden and other risks

Govt prohibits export of all Sanitizers

March 24, 2020 1641 Views 0 comment Print

The export of all Sanitizers falling under any ITCHS Code, including the ITCHS Codes mentioned above, is prohibited, with immediate effect.

MCA defers applicability of CARO 2020 to 1st April 2020 (FY 2020-21)

March 24, 2020 36498 Views 1 comment Print

MCA has vide its order dated 24th March 2020 announced that CARO 2020 will applies, for the financial years commencing on or after the 1st April, 2020 instead of financial years commencing on or after the 1st April, 2019. Decision is been take considering recent Outbreak of Corona Virus. GOVERNMENT OF INDIA MINISTRY OF CORPORATE […]

SEBI Relaxes compliance requirements pertaining to Mutual Funds

March 23, 2020 1164 Views 0 comment Print

In light of the recent market events pursuant to COVID 19, a need has been felt for temporary relaxations with respect to compliance requirements for Mutual Funds. Accordingly, SEBI has decided to grant the following relaxations specified in SEBI (Mutual Funds) Regulations, 1996

No exclusion of Govt subsidy granted to farmer from transaction value

March 23, 2020 5646 Views 0 comment Print

The amount of assistance received by the farmer or on account of the farmer from the Government Department has no bearing on the price and hence on the value of supply made by the applicant to the farmer and is not covered under section 15(2)(e) of the CGST Act, 2017.

Advance ruling Rectification request liable for rejection if no apparent error or mistake

March 23, 2020 954 Views 0 comment Print

In re NMDC Limited (GST AAR Karnataka) It is clearly evident from the aforesaid AAR Order that the authority has considered all the submissions and issued the proper order. Hence there is no error / apparent mistake on the face of the record, in the said order and hence the instant application is not valid […]

Extend time barring date, Shut Down I-T Offices: Rajasthan IRS

March 23, 2020 9246 Views 1 comment Print

Neena Nigam, IRS posted at Rajasthan requested CBDT Chairman that instructions may be issued for complete shutdown of Income tax offices in Rajasthan  and extend time barring date i.e. 31.03.2020 for all the proceedings in Income tax Act and to extend deadlines in other Acts implemented by the Income tax Department. Neena Nigam, IRS Principal […]

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