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Notifications/Circulars

CBIC extends due date of specific compliances to 31.08.2020

June 27, 2020 32835 Views 3 comments Print

Notification No. 55/2020- Central Tax, dated 27.06.2020– Notification under section 168A of CGST Act for extending due date of specific compliance which falls during the period from the 20th day of March, 2020 to the 30th day of August, 2020, to 31st day of August, 2020. Such Compliance Includes- (a) completion of any proceeding or […]

NIL Form GSTR-1 filing via SMS from 1st week of July 2020

June 27, 2020 4710 Views 1 comment Print

NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020 NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020.  Previously on 8th June, a similar facility for the Form GSTR-3B had been announced. This will benefit approx 12 […]

CBIC extends time limit for compliance under Excise & Custom Law

June 27, 2020 3996 Views 0 comment Print

29th day of September, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the Central Excise Act, 1944 , Customs Act, 1962 (except sections 30, 30A, 41, 41A, 46 and 47), Customs Tariff Act, 1975 or Chapter V of the Finance Act, 1994 falls for the completion or compliance of such action as specified under clause (a) or (b) of the said section; and

SEBI Relaxes Time Gap between Two Board/Audit Committee Meetings

June 26, 2020 1671 Views 0 comment Print

SEBI Relaxation of Time Gap Between Two Board / Audit Committee Meetings Till 31st July 2020 SEBI has vide Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/110 dated 26th June, 2020 has relaxed time gap between two board / Audit Committee meetings of listed entities owing to the CoVID-19 pandemic. Text of the circular is as follows:- Securities and Exchange […]

Floating Rate Savings Bonds 2020 (Taxable)

June 26, 2020 5421 Views 1 comment Print

Government of India has decided to launch Floating Rate Savings Bonds 2020 (Taxable) scheme, with effect from July 01, 2020 in terms of GoI Notification F.No.4(10)-B(W&M)/2020 dated June 26, 2020.

TDS on interest on Post Office Saving Schemes reduced

June 26, 2020 7509 Views 0 comment Print

In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.

Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T)

June 26, 2020 5889 Views 0 comment Print

The Government of India, hereby notifies the issue of Floating Rate Savings Bonds, 2020 (Taxable); Short Name – FRSB, 2020(T) with effect from July 1, 2020.

Banking Regulation (Amendment) Ordinance, 2020 – Co-Operative Banks comes under RBI

June 26, 2020 9033 Views 0 comment Print

(1) This Ordinance may be called the Banking Regulation (Amendment) Ordinance, 2020. (2) It shall come into force at once, except section 4, which shall come into force on such date as the Central Government may by notification, appoint:

Drawl and Collection of Sample for Animal Quarantine NOC

June 26, 2020 558 Views 0 comment Print

Presently no staff from Animal Quarantine Department (AQCS) has been deployed at JNCH for drawl and collection of sample. Therefore, the samples are being drawn for AQCS in presence of the customs officer and sealed samples are delivered to Customs broker for depositing the same in the Animal Quarantine office located at Kopar khairane, Navi Mumbai. AQCS has also expressed their inability to depute AQO for JNCH on full time basis due to staff shortage.

Suggestions for names for standard products for Dwellings & Small Business in segment of Standard Fire & Special Perils

June 26, 2020 423 Views 0 comment Print

The occurrence of catastrophic events, largely floods, in the last few years has seen huge losses to property, in particular, to dwellings and small business. The protection gap stands out, both in terms of property not being insured and those not being adequately insured.

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