Extension of Due Date for FLA Return
Reserve Bank of India recently introduced a web based portal under the name Foreign Liabilities and Assets Information Reporting System (FLAIR) for online filing of Annual FLA Return from the financial year 2018-19 by replacing email based submission of FLA return vide its circular no. RBI/2018-19/226 A.P. (DIR Series) Circular No. 37 dated 28th June, […]
Cabinet approves Code on Occupational Safety, Health and Working Conditions Bill, 2019
The Code on Occupational Safety, Health and Working Conditions Bill, 2019, has been approved by the Parliament, amalgamating 13 central labour laws into one code, to streamline and organize the existing labour laws.
CBIC issues Clarifications regarding the Determination of Place of Supply
The Ministry of Finance on June 28, 2019 has issued a circular clarifying the issues raised with regard to the determination of place of supply.
The place of supply for cargo handling services by Port Authorities will be determined as per the provisions contained in Section 12(2) and Section 13(2) of the IGST Act, based on the terms of the contract between the supplier and recipient of such services.
For unpolished diamonds imported in India for cutting and polishing activity, the Place of supply shall be determined as per Section 13(2) of the IGST Act.
Registration not required for Last mile delivery persons and direct selling agents
FSSAI has issued a direction on 8th July, 2019 regarding registration requirement by the last mile delivery persons and direct selling agents, food vending machines, water vending machines, food ATMs owned by a single entity. These are exempted from the requirement of FSSAI registration, subjected to condition that turnover of the individual entity/unit does not exceed Rs 12 Lakh. Other conditions for main entity has been given in the direction.
