The Bihar Settlement of Taxation Disputes Ordinance, 2020
Ordinance provides for settlement of disputes arising from proceedings under the Bihar Finance Act, 1981. A dispute pending under the law may, on an application being made in this behalf by a party, be settled upon payment of the settlement amount as provided in the ordinance.
The Bihar Settlement of Taxation Disputes (Second) Rules, 2020
Any party wishing to settle a taxation dispute, shall furnish to the authority a duly completed and signed application in FORM-I. The authority shall verify the application form in two days. The authority specified shall, within two days of the deposit of the entire settlement amount, make an order in FORM-VI settling the dispute.
SEBI issues framework for negative pricing in commodity futures.
The clearing corporations (CCs) will have to ensure the readiness of their systems to implement the prescribed framework within 60 days.
CBIC extends the time limit for issuing invoices in specified cases.
The time limit for completion or compliance of such action, shall be extended up to the 31st day of October 2020, including for the purposes of completion of any proceeding or passing of any order or issuance of any notice, intimation, notification.
CBIC waives off late fee on GST return filing.
The person who failed to furnish the return in FORM GSTR-4 for the quarters from July, 2017 to March, 2020 by the due date but furnishes the return between the period from 22th day of September, 2020 to 31st day of October, 2020 the payment is waived off.
