April, 2021 – Issue No. III

GST

Clarification issued by GSTN portal regarding updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme.

New features of Form GSTR-2B & GSTR-3B has been made available to taxpayers under QRMP Scheme by the GSTN Portal.

INCOME TAX
CBDT amends Income Tax  rule 2DB which relates to conditions to be satisfied by a pension fund for exemption under section 10(23FE) and substitutes related Form No. 10BBA.
CUSTOMS

Anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol  from European Union, Malaysia, Singapore, South Africa and United States of America extended for a further period of 5 years.

Anti-dumping duty on imports of ‘Barium Carbonate’ originating in or exported from People’s Republic of China extended upto 20.10.2021.

DGFT

The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API) is now prohibited.The additional quantity of raw/refined sugar 3675.13 MT to be exported to UK under TRQ upto 30.09.2021 is notified.

INSOLVENCY LAWS

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2021 issued.

Clarification issued on consideration of matters/issues by the committee of creditors on request by members of the committee.