BIS notifies Indian Standards on safety aspects of Toys related to physical safety, safety against chemicals, flammability, and electrical safety.
BIS grants licences to toy manufacturing units based on an assessment of their manufacturing and testing capability through factory visit as well as testing of toys in a BIS Lab or BIS Recognized Lab as per the Indian Standards. No person is permitted to manufacture, import sell or distribute, store, hire, lease or exhibit for sale toys which do not conform to the Indian Standard and do not bear BIS Standard Mark i.e. “ISI Mark” under a licence from BIS.
TRAI releases consultation paper on “Renewal of Multi-System Operators (MSOs) Registration”
As per the existing guidelines Ministry of Information and Broadcasting (MIB) grants registrations to operate as MSO under the Rule 11A-11F of The Cable Television Networks Rules, 1994. The applicant deposits a processing fee of INR One lakh (Rs. 1,00,000/-) online on Bharatkosh portal, and then along with the fee receipt and other requisite documents applies online on Broadcast seva portal for registration as MSO. Post scrutiny of eligibility and documents, security clearance from Ministry of Home Affairs (MHA) is obtained before grant of the registration.
Regulatory Guidelines for Child Participation in the Entertainment Industry or any Commercial Entertainment Activity.
As per the guidelines, the producers shall obtain permission to involve a child in a shooting from a district magistrate where it is to be held and also have to run a disclaimer saying measures were taken to ensure there has been no abuse, neglect or exploitation of children during the entire process of the shooting.
Additional time to send comments on draft IFSCA (Setting up and Operation of International Branch Campuses and Offshore Education Centres) Regulations, 2022
The general public and stakeholders were priory requested to forward their comments/suggestions through the mail to Mr.Ankit Bhansali at ankit.bhansali@ifsca.gov.in by 21st July, 2022. It has now been decided to grant additional time of 15 days for public comments.
Goa Goods and Services Tax (Amendment) Act, 2022
The amendment provides that every registered person shall, subject to such conditions and restrictions as may be prescribed, be entitled to avail the credit of eligible input tax, as self-assessed, in his return and such amount shall be credited to his electronic credit ledger.
SEBI notifies regulatory framework for online bond trading platform.
The debt securities offered for buy/ sale by the online bond platforms shall be only listed debt securities.It is proposed that listed debt securities issued on private placement basis, offered for sale on bond platforms shall be locked-in for a period of six months from the date of allotment of such debt securities by the issuer.
MoEFCC directs standalone re-rolling units or cold rolling units to apply online for grant of Terms of Reference (ToR).
The MoEFCC, keeping the decision of the Hon’ble National Green Tribunal vide its order, dated the 12th February 2020, in Original Application No. 55/2019 (WZ), has inter alia observed that Cold Rolled Stainless Steel Manufacturing Industries require prior environment clearance but, having regard to the fact that there were a large number of such mills operating on the strength of Consent to Establish (CTE) and Consent to Operate (CTO).
GSTN introduces new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5).
According to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO.
GSTN issues advisory on upcoming changes in GSTR-3B.
The Central Goods and Services Tax (Amendment) Rules, 2022 which was published on 5th July 2022, notified few changes in Table 4 of Form GSTR-3B requiring taxpayers to report information on ITC correctly availed, reversal thereof and declaring ineligible ITC in Table 4 of GSTR-3B.
GSTN has implemented mandatory mentioning of HSN codes in GSTR-1.
Taxpayers with AATO more than 5 crores, shall report 4-digit HSN codes for goods & services. Manual user entry is allowed for entering HSN or description and warning or alert message shall be shown in case of incorrect HSN code. However, taxpayers will be able to file GSTR-1 after manual entry.
