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Circulars

No Late Fees on PT Return for periods up to March 2019 in Maharashtra

March 19, 2020 7473 Views 3 comments Print

Office of Commissioner of Profession Tax. Maharashtra State. 8th Floor. GST Bhavan, Mazgaon, Mumbai – 400010. TRADE CIRCULAR No: ACST/VAT-3/PT/Late-fee-waiver/_/2020/B-196, Mumbai. Dt: 19/03/2020 Trade Circular No. 04T of 2020 Sub: Exemption from payment of Late Fees u/s 6(3) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act 1975 Ref: I. Notification No. No […]

RBI revises definition of lending to affordable housing

March 17, 2020 3597 Views 0 comment Print

Housing loans eligible to be classified under priority sector lending (as updated from time to time) and housing loans to individuals for acquiring dwelling units within the prescribed threshold under the affordable housing definition in the HML.

Settlement system under Asian Clearing Union (ACU) Mechanism

March 17, 2020 2709 Views 0 comment Print

In order to facilitate transactions / settlements, effective March 06, 2020, participants in the Asian Clearing Union will have the option to settle their transactions either in ACU Dollar or ACU Euro or in ACU Japanese Yen.

RBI Guidelines on Regulation of Payment Aggregators and Payment Gateways

March 17, 2020 7746 Views 0 comment Print

Payment Aggregators (PAs) and Payment Gateways (PGs) are intermediaries playing an important function in facilitating payments in the online space.

RBI Advisory on Reporting & Accounting of Central Government Transactions of March 2020

March 17, 2020 585 Views 0 comment Print

Beginning from April 1, 2020, the Nodal/Focal Point branches will segregate on a daily basis all scrolls/challans pertaining to March 2020 received from the receiving branches concerned and prepare separate main scrolls for: a. scrolls for transactions of March 2020 or earlier period (i.e. effected during the previous financial year 2019-20) and b. scrolls pertaining to current transactions (i.e. those effected from April 1, 2020 onwards).

General Information Document for Investing in Public Offers

March 17, 2020 2139 Views 0 comment Print

SEBI Circular CIR/CFD/DIL/12/2013 dated October 23, 2013, specified the General Information Document (GID). However, the subsequent changes in laws, regulation and processes, necessitated changes in the GID.

Reg. Feature for modification of CIRP Forms (including IP-1 Form)

March 17, 2020 537 Views 0 comment Print

Feature for modification of CIRP Forms (including IP-1 Form) submitted by an Insolvency Professional (IP) in compliance of regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

MGST-Corona Virus- Avoid Physical Visits at dealers place

March 17, 2020 1449 Views 0 comment Print

The departmental authorities shall avoid any physical visits to the dealer’s place of business or place of residence wherever possible for any reason whatsoever. Any action required to be taken and compliance required from the dealer shall be taken through electronic medium as far as possible.

Customs Electronic Sealing implementation deferred till 30.04.2020

March 16, 2020 618 Views 0 comment Print

CBIC has decided to defer the implementation of Circular-10/2020-Customs till 30th April, 2020 related to Electronic Sealing-Deposit in and removal of goods from Customs Bonded Warehouses.  The new date of implementation of the said Circular shall be 01st  May, 2020. Circular – 16/2020-Customs F. No. 484/03/2015-LC (Vol. II)  Government of India Ministry of Finance Department […]

COVID-19- Operational and Business Continuity Measures

March 16, 2020 1458 Views 0 comment Print

While the Government of India, in co-ordination with the state machineries, is already taking steps for preventing and controlling the local transmission of disease, further steps, including the indicative list presented below, are required to be taken by the respective banks/financial institutions as a part of their existing operational and business continuity plans

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