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Weekly newsletter from Chairman, CBIC dated 26/10/2020

October 26, 2020 3072 Views 0 comment Print

Ministry of Finanace Department of Revenue Central Board of Indirect Taxes & Customs North Block, New Delhi-110001 Tel. No. : + 91-11-23092849, Fax No. : + 91-11-23092890 E-Mail : ajit.m@gov.in Date: 26/October, 2020 D.O.No.38/CH(IC)/2020 The use use of IT products in enhancing our service delivery has been a major theme in my recent letters to […]

Extension of time period for import of tur during fiscal year 2020-21

October 26, 2020 894 Views 0 comment Print

It has now been decided to extend the validity of license for import of tur from 15.11.2020 till 31.12.2020 and the cut—off date for ICLC for import of tur shall accordingly be 31.12.2020.

Food Safety and Standards (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2020

October 26, 2020 1047 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Prohibition and Restrictions on Sales) Third Amendment Regulations, 2020. (2) They shall come into force on the date of their publication in the official Gazette.

Due date of furnishing of ITR & Tax Audit Reports extended

October 24, 2020 78588 Views 8 comments Print

The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the extension by the said notification) as per the Act is 31st October, 2020] has been extended to 31st January, 2021.

GSTR 9, GSTR 9A, GSTR 9C due date extended to 31st Dec 2020

October 24, 2020 40404 Views 9 comments Print

it has been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December, 2020.

Govt issues guideline for interest waiver (1.3.2020 to 31.8.2020)

October 23, 2020 27414 Views 2 comments Print

Central Government has approved Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020). Benefits under the scheme would be routed through lending institutions.

Maharashtra permits opening of Gymnasiums from 25.10.2020

October 23, 2020 1089 Views 0 comment Print

In the entire State, Gymnasiums outside the containment zones will be allowed to function from 25th October, 2020. The SOP for the same will be issued by the Public Health Department. The Public Health Department will take into consideration the SOP issued by the Ministry of Health and Family Welfare, Government of India.

Special Economic Zones (Amendment) Rules, 2020

October 23, 2020 4296 Views 0 comment Print

(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020

October 23, 2020 2691 Views 0 comment Print

i) These regulations may be called the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020. ii) They shall come into force from the date of their publication in the Gazette of India.

Whether a BRLM can share bidding data available on website of stock exchanges for IPO?

October 23, 2020 768 Views 0 comment Print

i. Whether a BRLM can share the standalone or aggregate bidding data available on the website of the stock exchanges for IPO, Rights issue, and FPO of specified securities and units with the investors, during the bidding period; ii. Whether a BRLM can share the standalone or aggregate bidding data available on the website of the stock exchanges for IPO, Rights issue, and FPO of specified securities and units with investors, as and when requested by such investors, during the bidding period;

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