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Continuation of Phase II of UPI with ASBA due to Covid-19

March 30, 2020 516 Views 0 comment Print

Continuation of Phase II of Unified Payments Interface with Application  Supported by Block Amount due to Covid-19 virus pandemic- It has been decided to continue with the current Phase II of the UPI ASBA till further notice. Securities and Exchange Board of India SEBI/HO/CFD/DIL2/CIR/P/2020/50 March 30, 2020 To Recognized Stock Exchanges Depositories Registered Stock Brokers […]

DGFT amends Export Policy of Animal By-Products

March 30, 2020 5406 Views 0 comment Print

The Notification No. 34/2015-20 dated 13.01.2017 is amended to the extent that now the ‘Health Certificate’ for items specified under Serial No. 41 and 171 of Schedule 2 of ITCHS Export Policy for export of Animal By-Products will be issued by Export Inspection Council. All other terms and condition of Notification No. 34/2015-20 dated 13.01.2017 […]

Revised Targets for Direct Taxes collection for FY 2019-20; Reduced by 1.65 Lakh Crore

March 30, 2020 1668 Views 0 comment Print

I am directed to refer to Board’s letter dated 24th May, 2019 regarding Region-wise allocation of revised Budget Estimates(BE) of Rs. 13,35,000 Crores for the Financial Year 2019-20. In this regard, it is stated that in the Receipt Budget 2020-21, Rs. 11,70,000 Crores (reduction of Rs. 1,65,000 Crores) has been allocated as Revised Estimates (RE) for Direct Taxes for the Financial Year 2019-20.

Validity of expired Driving Licences & Vehicle Registration extended till June 30

March 30, 2020 12663 Views 3 comments Print

It has come to the notice of the Government that citizens are facing difficulties in renewal of validity of various documents related to Motor Vehicles Act, 1988 and Central Motor Vehicle Rules, 1989 due to complete lockdown in the country and closure of Government Transport Offices.

Compliances to be met by units / developers / co‐developers of SEZs relaxed

March 30, 2020 15558 Views 0 comment Print

Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special Economic Zones (SEZs). Such compliances to which the relaxations will apply

Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020

March 30, 2020 3321 Views 0 comment Print

Today Government notifies Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020 which further amended further amend the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th March, 2020 G.S.R. 226(E).—In exercise […]

Special Clearing Operations for Govt cheques on March 31 2020

March 30, 2020 531 Views 0 comment Print

To facilitate accounting of all the Government transactions for the current financial year (2019-20) by March 31, 2020, it has been decided to conduct a Special Clearing exclusively for Government cheques at all clearing houses across the country on March 31, 2020

Implementation of Track & Trace system for export of Pharmaceuticals & drug-Reg.

March 30, 2020 1230 Views 0 comment Print

The date for implementation of Track and Trace system for export of drug formulations with respect to maintaining the Parent-Child relationship in packaging levels and its uploading on Central Portal has been extended upto 01.10.2020 for both SSI and non SSI manufactured drugs. Government of India Ministry of Commerce and Industry Department of Commerce Directorate […]

Change in VAT rate on petrol & diesel in Maharashtra WEF 01.04.2020

March 30, 2020 7815 Views 0 comment Print

VAT (Value added tax) on petrol and diesel increased by Re 1 per litre in Maharashtra with effect from the 1st April 2020. In other words, this means petrol and diesel in Maharashtra become costlier by Re 1. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated 30th March 2020. NOTIFICATION […]

MHA Order restricting movement of migrants & strict enforement of lockdown

March 29, 2020 963 Views 0 comment Print

Whereas, movement of a large number of migrants have taken place in some parts of the country so as to reach their home towns. This is a violation of the lockdown measures on maintaining social distance;

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