CBIC issues notifications for implementation of GST e-invoice and QR Code
CBIC has issued various notification for implementation of provision related to e-invoice and QR code.
Labour and Employment Department of the Government of Tamil Nadu modifies minimum wages for Employees in the chemical industry
The Labour and Employment Department of the Government of Tamil Nadu vide Gazette Notification dated 11th December 2019, has issued modified minimum wages for Employees in the chemical industry. The schedule dealing with minimum wages of employees in chemical industry in amended.
Government of Tamil Nadu has increased the fee for amendment/Transfer/loss of license under Tamil Nadu Factories Rules, 1950
The State Government of Tamil Nadu in its Gazette Notification dated 11th December 2019 has amended the Tamil Nadu Factories Rules, 1950 by increasing the fee for amendment of licence, transfer of licence and loss of licence from fifty rupees to two hundred rupees.
Payment of Tax on undisclosed income under Income Declaration scheme is extended till 31st January 2020
The Ministry of Finance has Notified that the persons who have made a declaration under the Income Declaration Scheme, 2016, but have not made payment of tax, surcharge, penalty payable there under on or before the due dates, may make the payment of such amount on or before the 31st day of January 2020.
CBIC amends manner of issuing tax invoice under GST
The Central Board of Indirect taxes has amended the Central Goods and Services Tax Rules, 2019, Rule 48 which specifies the manner of issuing invoice, by adding 3 new sub-rules.
Asset Management companies to provide advisory services to Foreign Portfolio investors
The Securities and exchange board of India, has allowed asset management companies (AMCs) to provide management and advisory services to appropriately regulated foreign portfolio investors.
DGFT Prohibits gift imports through e-commerce portal
The Directorate General of Foreign Trade vide Notification dated 12th December 2019, has amended para 2.25 of Foreign Trade Policy (FTP), 2015-2020 thereby prohibiting the import of goods as gifts through e-commerce portal.
CBIC issues clarifications on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
The Central Board of Indirect Taxes through its Circular dated 12th December 2019, has issued another set of clarifications on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 in respect of the scheme applicable to various enactments, adjustment of amount paid as pre-deposit, declaration, discharge certificate, etc.
