| AKGVG Weekly Insight |
| Dear Reader, |
Greetings for the day!!!
We are pleased to share AKGVG's Weekly Insight, dated 05th Apr, 2021 which includes: |
|
 |
| Date: 05.04.2021 |
|
| S.no |
Description |
Relevant links |
| Section I: Income Tax |
| 1. |
To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms notified by CBDT |
Notification no. 21/2021
dtd 31.03.2021
|
| 2. |
CBDT notifies extension for certain deadlines including Aadhaar linking to PAN |
Notification no. 20/2021
dtd 31.03.2021 |
| 3. |
CBDT deferred Clause 30C (GAAR) and clause 44 (GST compliance) till 31st March 2022 due to COVID-19. |
Circular no. 5/2021 dtd
25.03.2021 |
| 4. |
CBDT notifies procedure for registration of fund/ trust/charitable institutions etc. |
Notification no. 19/2021
dtd 24.03.2021 |
| 5. |
CBDT provides clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 |
Circular no. 4/2021
dtd 23.03.2021 |
| 6. |
CBDT notifies that application by a person for determination of appropriate proportion of sum chargeable in the case of non-resident recipient under sub-section (2) or sub-section (7) of section 195 shall be made in Form 15E |
Notification no. 18/2021
dtd 16.03.2021 |
| Section II: GST |
| 1. |
CBIC releases mandatory use of HSN/SAC on GST invoices w.e.f 1.4.2021 |
Press release w.e.f.
01.04.2021 |
| 2. |
CBIC notifies to waive penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 2020. |
Notification no. 06/2021
dtd 30.03.2021 |
| Section III: MCA |
| 1. |
Claim Notice in C. P. No. 98/2016 notified by MCA |
Notification
dtd 01.04.2021 |
| 2. |
Commencement Notification by MCA |
Notification dtd
18.03.2021 |
| 3. |
Amendment to Schedule V of the Companies Act., 2013 notified by MCA. |
Notification dtd
18.03.2021 |
| 4. |
MCA notifies striking off LLPs under section 75 of LLP Act, 2008 and Rule 37 (2) of Limited Liability Partnership Rules, 2009 |
Notification dtd
17.03.2021 |
| Section IV: RBI |
| 1. |
RBI notifies Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) |
Notification dtd 05.04.2021 |
| 2. |
Investment by Foreign Portfolio Investors (FPI): Investment limits notified by RBI. |
Notification dtd 31.03.2021 |
| 3. |
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21) notified by RBI. |
Notification dtd 25.03.2021 |
| 4. |
RBI notifies amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 |
Notification dtd 23.03.2021 |
| 5. |
Reporting and Accounting of Central Government transactions of March 2021 notified by RBI |
Notification dtd 18.03.2021 |
| Section V: Customs |
| 1. |
The Central Board of Indirect Taxes and Customs amend the Sea Cargo Manifest and Transhipment Regulations, 2018 |
Notification no. 39/2021
dtd 31.03.2021 |
| 2. |
Notification on implementation of India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA). |
Notification no. 25/2021
dtd 31.03.2021 |
| 3. |
Amendment in notification No. 52/2017-Customs, dated 30-06-2017 to make changes consequent to enactment of Finance Act, 2021. |
Notification no. 24/2021
dtd 31.03.2021 |
| 4. |
Extending the exemption from Integrated Tax and Compensation Cess upto 31.03.2022 on goods imported against AA/EPCG authorizations |
Notification no. 23/2021
dtd 31.03.2021 |
| 5. |
Amendment to Notification No.52/2003-Customs dated 31.03.2003 for extending exemption from IGST and compensation cess to EOUs on imports till 31.03.2022 |
Notification no. 19/2021
dtd 30.03.2021 |
| 6. |
Notification on amendment for self approval under Section 149 of the Customs Act, 1962 |
Notification no. 36/2021
dtd 29.03.2021 |
| 7. |
Circular for clarifications on the legislative changes in Section 46 of Customs Act, 1962–reg. |
Circular no. 8/2021
dtd 29.03.2021 |
We trust you will find this Journal informative as well as useful.
For any queries, you can write to us at "info@akgvg.com".
Looking forward to receive your valuable feedback
Disclaimer: This insight is meant for informational purpose only and should not be considered as an advice or opinion, or otherwise, whatsoever. AKGVG & Associates does not intend to advertise its services through this insight. AKGVG & Associates is not responsible for any error or omission in this insight or for any action taken based on its contents.
Best Regards!
Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)
DELHI | GURGAON | MUMBAI | AHMEDABAD | BANGALORE | CHENNAI | LUCKNOW
Tel: +91 9811118031, 9818330516,
Telefax:+91 11 49037920
Website: https://www.akgvg.com |
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