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Notifications/Circulars

Reclassify MSMEs as per new definition w.e.f July 1, 2020: RBI to Banks

July 2, 2020 3906 Views 1 comment Print

Government of India has notified new criteria for classifying the enterprises as Micro, Small and Medium enterprises. The new criteria will come into effect from July 1, 2020.

Rule 67A Manner of furnishing GSTR 3B by SMS facility

July 1, 2020 10014 Views 0 comment Print

CBIC notifies GST Rule 67A which specifies Manner of furnishing of return or details of outward supplies (Form GSTR 3B) by short messaging service (SMS) facility. Central Goods and Services Tax (Eighth Amendment) Rules, 2020. Notification No. 58/2020 – Central Tax Dated: 1st July, 2020.  Filing of Nil GSTR-1 by SMS Manner of furnishing of […]

FM: Strive to make GST Tax Administration simple

July 1, 2020 447 Views 0 comment Print

On GST Day, 2020 FM highlighted that GST has come a long way in simplifying the GST Tax Administration based on feedback from stakeholders. GST has been instrumental in Breaking Barriers to build an AatmaNirbhar Bharat and taking forward the motto of One Nation One Tax One Market.

SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020

July 1, 2020 1647 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

SEBI (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020

July 1, 2020 2385 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2020. They shall come into force on the date of their publication in the Official Gazette.

MSMEs Udyam Registration Portal Operational from 01.07.2020

July 1, 2020 2286 Views 0 comment Print

As per new classification and procedure for registration of MSMEs, the portal of Ministry of MSME https://udyamregistration.gov.in is operational from today. Enterprises and entrpreneurs can register on it. A very comprehensive portal has been launched today by the M/O MSME for registration of MSMEs. The portal named https://udyamregistration.gov.in has been made entirely in house by […]

Revised Small Savings Scheme interest rates w.e.f. 01.07.2020

July 1, 2020 7470 Views 1 comment Print

Rate of interest w.e.f 01.07.2020 to 30.09.2020 on Small Savings Scheme i.e. Post Office Savings Account, 1,2,3,5 Year Time Deposit, 5 Year Recurring Deposit Scheme, Senior Citizen Savings Scheme, Monthly Income Account, National Savings Certificate (VIII Issue), Public Provident Fund Scheme, Kisan Vikas Patra and Sukanya Samriddhi Account scheme. SB Order 24/2020 e.F.No 113-03/2017-SB(Pt.1) Govt. […]

Relaxation from compliance to REITs & InvITs due to CoVID-19

July 1, 2020 690 Views 0 comment Print

SEBI further extends due date for regulatory filings and compliances for REIT and InvIT for te period ending March 31, 2020 by a month over and above the extended timelines specified vide the aforementioned  Circular.

Due Date for Filing Refund of Voluntary Deposit under MVAT extended

July 1, 2020 6174 Views 0 comment Print

For refund of MVAT Voluntary Security Deposit, date of application has been extended from 31/03/2019 to 31/03/2021 by Maharashtra Government Notification No. VAT-1520/CR. 64/Taxation-1 dated 1st July 2020. FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya Mumbai 400 032, dated the 1st July 2020 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT-1520/CR. 64/Taxation-1. […]

SEBI SOP in cases of Trading/Clearing Member leading to default

July 1, 2020 1350 Views 0 comment Print

On analysis of early warning signals or any of the following triggers, if the SE / CC is of the view that the TM / CM is likely to default in the repayment of funds / securities to its clients and / or fail to meet the settlement obligations

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