From December, firms with sales below Rs.5 crore will not be able to generate e-way bill for goods transportation if they have defaulted in filing returns for two consecutive tax periods.
Clarification issued regarding queries in respect of special cash package in lieu of leave travel concession fare for Central Government Employees during the Block period 2018-21.
Circle rate is deemed to be the sale/purchase consideration for real estate developers and buyers only where the variation between the agreement value and the circle rate is more than 10%. This 10% is increased to 20% with effect from 12th November 2020 to 30th June 2021 on properties valued up to Rs.2 crores.
Clarifications regarding exemption on temporary import of Containers issued.
Guidebook on faceless assessment issued.
Anti-dumping duty on imports of “levy of Anti-Dumping duty on Phthalic Anhydride” from Japan and Russia extended upto 31.1.2021.
The Insolvency and Bankruptcy Board of India (IBBI) notified the following Amendment Regulations, 2020:
(a) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2016
(b) the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2020
(c) the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2020
FEMA – RBI
Draft rules under the Code on Social Security, 2020 notified inviting objections and suggestions. Such objections and suggestions are required to be submitted before 28.12.2020.
Draft rules under the Occupational Safety, Health and Working Conditions Code, 2020 notified inviting objections and suggestions. Such objections and suggestions are required to be submitted before 03.01.2021.