Central Goods and Services Tax (Fourth Amendment) Rules, 2019 are notified by CBIC
The Central Goods and Services Tax (Fourth Amendment) Rules, 2019 seeks to insert a new regulation i.e. Regulation 10A which require every registered person to furnish his bank account details or any other detail as may be prescribed within 45 days from the date of grant of registration certificate in Form GST REG-6 and if such person fails to furnish such details his registration will be liable to be cancelled.
Clarification on payment under Income Disclosure Scheme, 2016
CBDT has released a clarification on certain procedural issues under section 195 of the Income Disclosure Scheme, 2016 regarding payment of third installment under the Scheme.
Due date for payment of third installment was 30th September, 2017. The stakeholders sought clarification from Board on late payment on account of bank holidays. The Board has directed that the transactions affected and completed on 3rd October would be considered to have been completed on 30th September. Also, the payments made within due date but were credited by 5th October would be deemed to have been done within the due date.
Food Safety and Standards (Prohibition and Restriction on sales) First Amendment Regulations, 2019
As per the Food Safety and Standards (Prohibition and Restriction on sales) First Amendment Regulations, 2019, use of Diacetyl as flavoring substance in oils and fats has been restricted.
FSSAI Introduces Special Drive for Licensing and Registration of Food Businesses
FSSAI has launched a special drive for licensing and registration of FBOs, on 1st July 2019, to check non-compliance of the existing FBOs. The drive will be operating in two phases. Initiating inquiry from 1st October.
