Newsletter – SEP 2020, Issue No. II

GST

GSTR-2B for the month of August 2020 has been made available on the common portal.

INCOME TAX

L&T Infra Debt Fund notified as an infrastructure debt fund for the assessment years 2018-19 onwards.

M/s Softzone Tech Park Ltd notified as an industrial park in accordance with the Order of the Hon’ble High Court of Karnataka at Bengaluru in the matter of M/s Softzone Tech Park Ltd. vs. CBDT and Union of India [W.P. No.11284/2014 (T-RES) dated 26.11.2019.

CUSTOMS

“Paper based taggants, including M-Feature”  exempt from Basic Customs Duty.

The facility of ‘Auto Let Export Order (LEO)’ has been launched for exports by courier under the Express Cargo Clearance System (ECCS).

COMPANY LAWS

Last date for conducting the Annual General Meeting by a company has been extended to 31.12.2020 from 30.09.2020.

Last date of filing CRA-4 (form for filing of cost audit report) for FY 2019-20 extended upto 30.11.2020.

RBI
In view of the ongoing proceedings before the Hon’ble Supreme Court of India, in the matter of Gajendra Sharma Vs. UoI and Others, an Expert Committee has been appointed to study the impact of waiving of interest and waiving of interest on interest on the COVID-19 related moratorium.
NITI AAYOG – MSME

‘Aatmanirbhar Bharat ARISE-Atal New India Challenges’ launched to spur applied research and innovation in Indian MSMEs and startups.

The programme will support deserving applied research–based innovations by providing funding support of upto Rs.50 lakhs for speedy development of the proposed technology solution and/or product.