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Notifications/Circulars

Revalidation of Export Authorization / License for Non-SCOMET & SCOMET items

June 8, 2020 1596 Views 0 comment Print

Paragraph 2.20(b) of HBP of FTP 2015-2020 has been amended to allow revalidation of the Export Authorization / License for Non-SCOMET and SCOMET items from DGFT (Hors).

SEBI Relaxation to listed issuers who intend/propose to list their NCD/NCRPS/CPs

June 8, 2020 717 Views 0 comment Print

In order to enable listed issuers who intend/propose to list their NCD/NCRPS/CPs, it has been decided to grant the following relaxations in timelines:

IBBI ask IP to Pass Limited Insolvency Examination again

June 8, 2020 1407 Views 0 comment Print

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (Disciplinary Committee) No. IBBI/DC/26/2020 8th June 2020 Order In the matter of Mr. Vijay Kumar Garg, Insolvency Professional (IP) under Regulation 11 of the Insolvency and Bankruptcy Board of India (Insolvency Professional) Regulations, 2016 read with Section 220 of the Insolvency and Bankruptcy Code, 2016 (Code). Appearance before Disciplinary […]

GSTR-3B EVC filing & Filing by SMS effective from 08.06.2020

June 8, 2020 2457 Views 0 comment Print

CBIC vide Notification No. 44/2020-Central Tax dated 08.06.2020 notifies that GSTR-3B EVC Verification and furnishing of return by SMS are effective from 08.06.2020. Effecting the provisions of Rule 67A for furnishing a nil return in FORM GSTR-3B by SMS has appointed the 8th day of June, 2020, as the date from which Rule 67A (Manner […]

Motor Insurance – Withdrawal of Long Term Package cover

June 8, 2020 1464 Views 0 comment Print

General insurers were advised to provide insureds the following two options to choose from: (i) Long Term Package cover offering both Motor Third Party Insurance and Own Damage insurance for three years or five years as the case may be, (ii) A bundled cover with a three-year or five-year term (as applicable) for the third party component and a one-year term for the Own Damage.

Master Circular regarding Motor Insurance products

June 8, 2020 3942 Views 0 comment Print

ssuance of long-term Motor Third Party Insurance policies for new cars and new two-wheelers (i) The Hon’ble Supreme Court of India, vide its order dated 20th July, 2018, in WP No.295/2012 of S. Rajaseekaran vs Union of India and Ors, directed that

Fall in collection of direct taxes is on expected lines: CBDT

June 7, 2020 1164 Views 0 comment Print

There are reports in a certain section of media that the growth of direct taxes collection for the FY 2019-20 has fallen drastically and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. These reports do not portray the correct picture regarding the growth of direct taxes.

GST implementation issues- CBIC issues 3rd Clarification

June 6, 2020 10830 Views 0 comment Print

It has been represented that the IRP/RP are facing difficulty in obtaining registrations during the period of the lockdown and have requested to increase the time for obtaining registration from the present 30 days limit.

Jurisdiction of Commissioner (Appeals) to assessment orders passed by Faceless Assessment Groups

June 5, 2020 1185 Views 0 comment Print

Notification No. 51/2020-Customs (N.T.) – Notification to amend Notification No.92/2017-Customs (NT), dated 28.09.2017 to specify the jurisdiction of Commissioner (Appeals) to assessment orders passed by Faceless Assessment Groups- Reg. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 51/2020-Customs (N.T.) New Delhi, the 5th June, 2020 […]

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020

June 5, 2020 1710 Views 0 comment Print

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 5th June, 2020/Jyaishtha 15, 1942 (Saka) THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE, 2020 NO. 9 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India. An Ordinance further to amend the insolvency and Bankruptcy Code, 2016. WHEREAS the entire […]

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