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Utilization of Fund Created out of Regulatory Fee Forgone by SEBI – Additional Guidelines

October 19, 2020 492 Views 0 comment Print

In order to encourage the participation of Farmers / Farmers Producers Organizations (FPOs) in agricultural commodity derivatives markets, the Stock Exchanges have created a separate fund, out of the regulatory fee so forgone by SEBI. The Stock Exchanges have been permitted by SEBI to utilize the said fund exclusively for the benefit of and easy participation by Farmers / FPOs in the agricultural commodity derivatives market

Weekly newsletter from Chairman, CBIC dated 19/10/2020

October 19, 2020 810 Views 0 comment Print

We have embarked on ‘Faceless Assessment’, a reformative initiative, at a critical time when the economy is opening up again. This step would benefit both the trade and the department.

SEBI steps up efforts for ‘Data Culture’ through ‘Data Democratization’

October 19, 2020 558 Views 0 comment Print

Thus, MDAC is part of SEBI’s initiatives to make shareable data on the Indian securities market, available for researchers, policy makers, general public alike and to enhance the quality of such data. Some of the other initiatives taken by SEBI, through its Department of Economic and Policy Analysis (DEPA), include:

Mr. Santosh Kumar Shukla takes charge as Executive Director, IBBI

October 19, 2020 807 Views 0 comment Print

Mr. Santosh Kumar Shukla took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Immediately before joining IBBI, he was serving as Chief General Manager in the Enforcement Department of the Securities and Exchange Board of India (SEBI).

Govt implements AI & ML tools to get insights into MSME related issues

October 19, 2020 783 Views 0 comment Print

MSME Ministry introduces Artificial Intelligence (AI) and Machine Learning (ML) strengthening its Single Window System Portal ‘Champions’ to assist MSMEs of the country. Ministry implements AI & ML tools to get insights into MSME related issues and grievances for their quick and effective resolution;

Procedure for referring Technical/Legal Service Tax & Central Excise issues for comments

October 19, 2020 672 Views 0 comment Print

It has been observed that routine matters, involving interpretation of statutory or policy provisions in specific circumstances or even issues of Fact, involving no question of policy, are being referred by the Field Formations For clarifications to the Board.

How to file Form GSTR-7 – GST TDS Return – FAQs & Manual

October 19, 2020 100425 Views 3 comments Print

A. Form GSTR-7 – FAQ Q.1 What is Form GSTR-7? Ans: Form GSTR-7 is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received. Tax deductor has a legal obligation: To declare his TDS liability for a given […]

Extend due date to submit Tax Audit Report & ITR to 31.12.2020

October 17, 2020 90795 Views 17 comments Print

Gujarat Chamber of commerce & Industry Request for extension of due date for submission of Tax Audit Report for A.Y. 2020-21 and Income Tax returns for A.Y. 2020-21 to 31st December, 2020. Gujarat Chamber of commerce & Industry 14th October, 2020/16371 Smt. Nirmala Sitharaman The Hon’ble Union Minister of Finance, Ministry of Finance, Government of […]

44 associations Requests to grant Extension for GSTR 9 & 9C to at least 31.12.2020

October 17, 2020 11133 Views 2 comments Print

Kindly therefore extend the due date for submitting the GSTR-9 and GSTR-9C to at least 31.12.2020. We do not want to completely ignore our obligations and ask for unending extension.

Custom Notification in relation to road connecting India & Bhutan

October 16, 2020 771 Views 0 comment Print

Notification in relation to the road connecting Jaigaon Bazar in India and Phuentsholing in Bhutan and Asian Highway 48 connecting Torsha tea garden in India and Ahllay in Bhutan by amendment of Principal Notification No. 63/1994-Customs dated 21st November, 1994 -regd. Notification No. 101/2020- Customs (N.T.) Dated 16th October, 2020. GOVERNMENT OF INDIA MINISTRY OF […]

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