As a relief to MSMEs, I-T refunds worth Rs 5,204 Crore issued in last 10 days: CBDT The Central Board of Direct Taxes (CBDT) today said that Income tax refunds to nearly 8.2 lakh small businesses (proprietors, firms, corporate and trusts) worth Rs 5,204 Crore have been issued since 8th April 2020. These income tax […]
The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation. Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week itself, CBIC has processed 7,873 claims worth Rs 3854 Crore. […]
Decision on authorization for cashless treatment shall be communicated to the network provider (hospital) within two hours from the time of receipt of authorization request and last necessary requirement from the hospital either to the insurer or to the TPA whichever is earlier.
Procedure for allocation of quota for import of (i) Calcined Pet Coke for use as Calcined Pet coke (CPC) in Aluminium Industry and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2020-2021 is notified. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice […]
A non-resident entity can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. However, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route. Further, a citizen of Pakistan or an entity incorporated in Pakistan can invest, only under the Government route, in sectors/activities other than defence, space, atomic energy and sectors/activities prohibited for foreign investment.
In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government today took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups.
OFFICE OF THE PRINCIPAL COMMISSIONER OF CUSTOMS NOTIFICATION No. 01/2020 (CUSTOMS)(NT)(VSP) Visakhapatnam, the 17th April, 2020 Sub: De-notifying West Quay 6 Berth, Besides Nalco Tanks, Visakhapatnam Port Trust, Visakhapatnam – reg. S.O. 1461(E).—Whereas West Quay 6 Berth, Visakhapatnam Port Trust, Visakhapatnam was approved in exercise of the powers conferred under Sub-Section (a) of Section 8 […]
Additional quantity of 745 MTRV (Seven Hundred and Forty-Five Metric Ton Raw Value) of raw cane sugar, for export to USA, under TRQ, up to 30.09.2020, has been notified.
The Notification No. 50/2015-20 dated 03.03.2020 is further amended to the extent that the formulations made from Paracetamol (including FDCs) under any ITCHS Code, including the ITCHS Code mentioned above, are made “Free” for export, with immediate effect. However, Paracetamol APIs will remain restricted for export.
1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2020. (2) They shall come into force on the 17th April, 2020.
