APR 2021, Issue No. II

GST
13.04.2021 – due date for filing  GSTR-1 return for the period Jan-Mar 2021 under QRMP Scheme.
CUSTOMS

Customs (Verification of Identity and Compliance) Regulations, 2021 introduced. Effective date to be notified.

Definitive anti-dumping duty imposed on imports of Flexible slabstock polyol from Saudi Arabia and United Arab Emirates for a period of five years.

DGFT
A relaxation in the late cut provisions has been provided for Shipping bill (s) of the period 01.04.2019 to 31.03.2020, so that if such shipping bills are submitted on or before 30.09.2021, for an MEIS claim, no late cut would be applicable.
INSOLVENCY LAWS

Insolvency and Bankruptcy (prepackaged insolvency resolution process) Rules, 2021 notified.

Rs. 10 lakhs is the minimum amount of default for matters relating to the pre-packaged insolvency resolution process of corporate debtor.