Format for compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities
SEBI has issued a circular in order to amend the formats for submitting quarterly compliance report on Corporate Governance to be submitted to Stock Exchange (s) by Listed Entities. The format shall supersede the format provided in the earlier notification dated 24th September 2015. How ever, as per the amendment, only Format of submitting the quarterly reports shall be amended and rest all shall remain same as mentioned in the earlier 24th September , 2015 notification.
Bihar Professional Tax (Amendment) Rules, 2019
The Governor of Bihar has amended the Bihar Professional Tax Rules, 2011 vide notification dated 11th July 2019. Some of the highlights of the Amendment are as follows: Every employer required to be registered, shall apply in Form PT-I within 7 days of the employer being required to be registered and shall be filed in […]
Clarification issued on goods sent/taken out of India for exhibition or on consignment basis
CBIC has published a circular, clarifying regarding goods sent/taken out of India for exhibition or on consignment basis for export promotion. his clarification comes as a response to the representations of the trade industry regarding what procedure is to be followed while exporting such goods as they do not fall into the definition of ‘supply’.
It has been clarified that since the activity of export for exhibition is on consignment basis and there is no consideration received at the time, therefore it cannot be considered as supply under the CGST or zero rated supply under the IGST.
A format has been provided for maintenance of records. Details of documentation and refund process has also been clarified.
