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Notifications/Circulars

CBDT notifies ‘MIC Redwood 1 RSC Limited’ U/s. 10(23FE)(b)(vi)

November 2, 2020 2391 Views 0 comment Print

Section 10(23FE)(b)(vi)- CBDT hereby specifies the sovereign wealth fund, namely, MIC Redwood 1 RSC Limited, Abu Dhabi, United Arab Emirates, as the specified person

Expression of Interest to Act as an IRP, Liquidator, RP and BT

November 2, 2020 3054 Views 0 comment Print

IBBI had prepared and shared a panel of IPs with Adjudicating Authority (NCLT and DRT) in June 2020 which was applicable for appointment of IPs as IRPs, Liquidators, RPs and BTs, from July 1, 2020 to November 25, 2020. The aforesaid panel is expiring on November 25, 2020 and the Board has to submit fresh panel to Adjudicating Authority (NCLT and DRT) which would be applicable for appointment of IPs as IRPs, Liquidators, RPs and BTs, from November 26, 2020 to June 30, 2021.

Guidelines on settlement of Life Insurance Claims to victims of Heavy rainfall/Flood

November 2, 2020 609 Views 0 comment Print

As a result of recent havoc created by heavy rainfall and floods there are reports of loss of human lives and loss of belongings in the affected Districts of primarily the states of Andhra Pradesh, Telangana, Maharashtra and Karnataka. In order to extend every possible facilitation for quick and timely settlement of life insurance claims, you are advised to take the following actions immediately in all the states affected due to this disaster.

Rs 1,05,155 crore of gross GST revenue collected in October 2020

November 1, 2020 2397 Views 0 comment Print

The gross GST revenue collected in the month of October, 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore (including ₹ 23375crore collected on import of goods) and Cess is ₹ 8,011crore (including ₹932 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31stOctober, 2020 is 80 lakh.

SEBI extends SEBI Settlement Scheme 2020 till 31.12.2020

October 31, 2020 1641 Views 0 comment Print

Competent authority of SEBI has approved the extension of the period of the SEBI Settlement Scheme 2020 till December 31, 2020 considering large scale disruption caused by the Covid-19 pandemic

Emergency Credit Line Guarantee Scheme – Extension of duration of scheme

October 31, 2020 4395 Views 0 comment Print

The Scheme would be applicable to all loans sanctioned under GECL during the period from the date of issue of these guidelines by NCGTC to 30.11.2020, or till an amount of Rs 3,00,000 crore is sanctioned under the GECL, whichever is earlier. 

IBBI suspends registration of IP for not disclosing Pending Criminal proceeding at the time of Registration

October 30, 2020 597 Views 0 comment Print

In this case, petitioner was granted registration by the Board on 22nd February, 2017. Petitioner concealed the material information about pending CBI case against him at the relevant time. Subsequent acquittal or positive remarks as claimed by him are of no consequence as the aforesaid criminal proceeding  was pending before Hon’ble CBI Special Judge against  him […]

Procedure for import of Potatoes, till 31.01.2021, under TRQ Scheme

October 30, 2020 717 Views 0 comment Print

Ministry of Finance, hereby notifies the procedure for import of 10,00,000 MT of Potatoes, at in quota tariff of 10% till 31.01.2021 under HS Code 0701 of Chapter 7 of ITC (HS), 2017, Schedule–I (Import Policy) as per details below:

Import of potatoes without license from Bhutan allowed till 31.01.2021

October 30, 2020 687 Views 0 comment Print

Import of potatoes under Exim Code 07019000, is allowed for import from Bhutan without license up to 31st January 2021. Notification No. 44/2015-2020-DGFT

CBDT notifies extended Due dates of Return & Tax Audit Report for A.Y.2020-21

October 29, 2020 51591 Views 1 comment Print

CBDT issued Notification No. 88/2020 and extended Due dates of Income Tax Return and Tax Audit Report as follows:- A. Income Tax Return FY 2019-20/AY 2020-21 i. Without tax audit –31.12.20 ii. TP, tax audit & tax audit firm partners– 31.01.21 B. Various audit reports (tax audit, transfer pricing etc) – 31.12.20 C. Income tax […]

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