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Notifications/Circulars

2 Issues Related to Refund of Excess Balance in Cash Ledger resolved

April 29, 2020 903 Views 0 comment Print

Payment orders if resubmitted is getting resubmitted successfully to GSTN. It is therefore requested that necessary instructions may be issued to the proper officers handling refunds under your Jurisdiction to resubmit the payment orders wherever the above-mentioned errors were noticed.

MHA guideline on movement of migrant workers, pilgrims, tourists, students etc.

April 29, 2020 4923 Views 0 comment Print

a. All States/UTs should designate nodal authorities and develop standard protocols for receiving and sending such stranded persons. The nodal authorities shall also register the stranded persons within their States/UTs. . In case a group of stranded persons wish to move between one State/ UT and another State/UT, the sending and receiving States may consult each other and mutually agree to the movement by road.

SEBI eases KYC Process by enabling online KYC

April 29, 2020 1101 Views 0 comment Print

SEBI has from time to time, taken steps to simplify the process of KYC for investors and intermediaries. SEBI has allowed the use of technological innovations which can facilitate online KYC. The use of technology would facilitate the investors to complete the KYC without the requirement of physically visiting the office of the intermediary.

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020

April 29, 2020 6831 Views 0 comment Print

MCA has issued Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 which are applicable from 29th April 2020 and by this Registration of details of Independent Directors in Independent Directors Data Bank who were director on 1st December 2019 is been allowed till 30th June 2020. Revised rules now provide that Every individual who […]

RBI extends timeline for submission of regulatory returns

April 29, 2020 2877 Views 0 comment Print

In view of disruptions on account of COVID-19 pandemic, it has been decided by RBI to extend the timelines for submission of regulatory returns which can be submitted with a delay of a maximum of 30 days from the due date.

CBIC notifies effective date for Rule 87(13) & Form GST PMT09

April 28, 2020 15684 Views 3 comments Print

CBIC notifies 21st day of April, 2020 asthe date from which Rule 87(13) of CGST Rules  & Form GST PMT-09  will comes into effect.  After this rule comes into effect a registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash […]

Draft Procedure for Submission of Audit Files to NFRA

April 28, 2020 3744 Views 0 comment Print

NFRA proposes to prescribe the procedures to be followed by all entities regulated by NFRA for submission of Audit Files to NFRA. NFRA invites comments from regulated entities on the procedure described in this draft document in Annexure A.

DGFT clarifies on application for Free Sale & Commerce certificate

April 28, 2020 10980 Views 1 comment Print

Trade and Industry is advised to send their applications for grant of Free Sale and Commerce Certificate at the official email ID of the concerned RA as per the format given in ANF 21-I. The fee payment needs to be done through the e-MPS system.

Existing grandfathered unlisted NCDs

April 28, 2020 972 Views 0 comment Print

Timeline for compliance with the maximum limits for investment in unlisted NCDs (as issued vide SEBI Circulars dated October 01, 2019 and March 23, 2020) as 15% and 10% of the debt portfolio of the scheme is extended to September 30, 2020 and December 31, 2020 respectively.

Kerala Flood Cess Return filing dates extended for Feb 20 to May 20

April 28, 2020 15288 Views 0 comment Print

But various trade bodies/organizations have raised certain practical difficulties with regards to the filing of Kerala Flood Cess returns along with GSTR 3B returns due to the unprecedented spread of pandemic COVID-19. The matter have been examined and found that the issues raised need to be redressed.

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