Medical Devices (Third Amendment) Rules, 2022

The amendment provides that if the manufacturer or licensee importing medical devices fails to comply with any of the conditions of an import license, or any provisions of the Act and these rules, the Central Licensing Authority may after giving the manufacturer or licensee an opportunity to show cause why such an order should not be passed, by an order in writing stating the reasons therefor, cancel a license issued under rules, or suspend it.

CBIC extends the due date for filing GSTR 3B till 24th May 2022.

GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. The due date for filing GST return-3B for every month is the 20th of the next month, however for the month of April 2022 it has be submitted before 20th May 2022, which has been extended.

CBIC extends the due date for filing GST PMT-06.

Any person, (or a person on his behalf) can generate the challan in PMT-06 on the common portal. The person needs to enter the details of the amount to be deposited by him/her towards tax, interest, penalty, fees or any other amount as per Rule 87(2) of CGST and SGST Rules, 2017.

SEBI issues master circular for commodity derivatives market.

Under the Master Circular, the term “national commodity derivatives exchanges” or “regional commodity derivatives exchanges” or “commodity derivatives exchanges” have been suitably replaced with stock exchanges; wherein stock exchanges mean recognized stock exchange having commodity derivatives segment.