CBIC extends timeline for filings

The filing for the quarter from 1 October, 2020 to December, 2020 by 13th January, 2021 and the filing for the quarter from 2 January, 2021 to March, 2021 by 13th April, 2021.

RBI answers FAQs on Resolution Framework for Covid-19 related stress

For the borrowers eligible for resolution under the circular dated August 6, 2020 on Resolution Framework for COVID-19-related Stress, the circular dated August 6, 2020 will be applicable if a resolution process under the circular is invoked. For all other borrowers, the extant instructions as otherwise applicable shall still be in force.

The Factories (Goa Amendment) Act, 2020.

A new section 5A has been inserted relating to the power of State Government to exempt any new factory or class or description of new factories from all or any of the provisions of this Act for a period of one thousand days from the date on which such commercial production start.

DFDA urges food business operators to obtain license.

All home based food business operators, fast food suppliers, tiffin suppliers, bakers, etc. operating from their homes without obtaining the Registration Certificate/ Licence under the Food Safety and Standards Act, 2006, and marketing their items through social media platforms shall obtain the licence.