China Compliance Updates Extended deadline for filing and paying value-added tax (VAT) for 2024. Period Periodicity Original Extended For the month of January Monthly 15-Feb-2024 23-Feb-2024 For the month of March Monthly 15-Apr-2024 18-Apr-2024 For the month of April Monthly 15-May-2024 22-May-2024 For the month of May Monthly 15-Jun-2024 19-Jun-2024 For the month […]
Read More →Ministry of Law and Justice notified The Repealing and Amendment Act, 2023 on 17th December, 2023 have repealed/amended certain enactments as mentioned in Schedule I and Schedule II to such notification . Click here for copy of notification. Some of the key enactments repealed by the The Repealing and Amendment Act, 2023 which will […]
Read More →In the latest notification issued by The Directorate General of Foreign Trade (DGFT) under Ministry of Commerce and Industry, India vide Public Notice No. 20/2023 dated June 30, 2023, the last date to apply for availing the benefits under the Amnesty Scheme for one-time settlement of non-compliance in export obligation for Advance Authorization and Export […]
Read More →CBDT (Central Board of Direct Taxes) vide its notification S.O. 2276(E) dated the 24th May, 2023 has increased the maximum amount receivable by its employees as cash equivalent of leave salary (leave encashment) in respect of the period of earned leave at their credit at the time of their retirement, whether superannuation or otherwise to […]
Read More →Assam Labour Welfare Department has issued a notification on 27.07.2022 regarding instructions for stringent compliance of each provision of the Factories Act 1948 and the Rules made thereunder in the interest of the health and safety of the workers. It is observed that there is a sudden surge in the number and frequency of accidents […]
Read More →There are various laws in China which put restrictions on cross-border data transfer. Cyber Security Law of the People’s Republic of China (CSL) and Personal Information Protection Law of the People’s Republic of China (PIPL) are the main laws which mandate to store personal and critical information within the territory China. Requirement of data localization […]
Read More →In order to mitigate the risk associated with the outsourcing of IT activities by Regulated Entities (Res) while maintaining compliance obligations and responsibilities towards their customers, On 10th April 2023 Reserve Bank of India (RBI) released a Master Direction on Outsourcing of Information Technology Services. The direction would be effective from first of October 2023 […]
Read More →CBDT has introduced another compliance for Corporates wherein they have to deduct TDS at higher rate if a person does not have her Aadhaar-PAN linked by 31st March 2023. Initially the CBDT had prescribed the date for linking Pan and Aadhaar as 30th June, 2022 but have extended this date till 31st March, 2023. Consequences […]
Read More →As per Section 4 (1) of the POSH Act 2013, every employer should constitute an Internal Compliant Committee at workplace and in case there are multiple offices then each such office should have such committee. Extracts of the relevant section is as under “4(1) Every employer of a workplace shall, by an order in writing, […]
Read More →FSSAI has introduced addition compliance by amending Regulation 10(4) of Food Safety and Standards (Labelling and Display) Regulations, 2020 vide Food Safety and Standards (Labelling & Display) Amendment Regulations, 2022 to mandate the use of words “NON-RETAIL CONTAINER – NOT FOR DIRECT SALE TO CONSUMER” or such other statement/mark to clearly identify those packages that […]
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