As per RBI/2020-21/77: A.P. (DIR Series) Circular No. 08 dt. 04.12.2020 and Master Direction on Export of goods & services updated as on 08.01.2021 an exporter who has not realized export proceeds have the following options for write off of such bills : Self Write off within the limits prescribed or Approach AD Banker banker […]
Read More →Ministry of Environment, Forest and Climate Change (MoEF) has notified Battery Waste Management Rule, 2022, for management of waste, produced by batteries in the environment on 24th August 2022. The Rules will replace existing Batteries (Management and Handling) Rules, 2001. The new rules aim to eliminate gaps of previous rules with relation to producer’s responsibility. […]
Read More →The Food Safety and Standards Authority of India (FSSAI) under Direction F. No. RCD- 13/2/2021-Regulatory-FSSAI (E.No. 2240) on September 05, 2022, has clarified that the blends of oils are used as intermediate product for manufacture of other food products by Food Business Operators and as customized emulsions, hydrogenated vegetable oils, and blends of oils are […]
Read More →FSSAI has been taking various steps to maintain the quality of food manufactured or imported in India to live by the tag line “Ensuring quality standards of goods manufactured and imported into the country”. In furtherance to achieving above stated objectives, On 3rd August 2022, FSSAI issued an order regarding requirement of Health Certificate for […]
Read More →Department of Food and Public Distribution have extended the applicability of Warehousing (Development and Regulation) Act, 2007 vide their notification S.O. 3071(E) dated 4th July, 2022 to the non-agricultural commodities as specified below : Aluminum Brass Copper Lead Nickel Zinc Tin Steel Now the commodities mentioned above can only be stored in the registered warehouses […]
Read More →The Ministry of Corporate Affairs (‘MCA’) vide its Notification dated 18th August, 2022, has amended Companies (Incorporation) Rules, 2014 by notifying Companies (Incorporation) Third Amendment Rules, 2022. However, Companies (Incorporation) Third Amendment Rules, 2022 shall come into force from the date of their publication in the Official Gazette. By the aforesaid amendment, a new Rule […]
Read More →POSITION PRIOR TO JULY 18, 2022 – Prior to July 18, 2022, “services by way of renting of residential dwelling for use as residence” were exempt from the levy of GST. [Please refer to Entry No. 12 of Notification No. 12/2017-Central Tax (Rate) dated June 28, 2017]. In simple words, exemption was available for services […]
Read More →The Ministry of Finance, Department of Revenue vide Circular No. 178/10/2022-GST dated August 03, 2022 has inter-alia observed and clarified that- the service of agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act is nothing but a contractual agreement; a contract to do […]
Read More →Background India has been suffering surrogacy commercialization for few decades now. Since the concept of Surrogacy is a newly introduced term for the country, neither there was statutory legislation to regulate, nor there realization to have one. To contribute more to the thought process, Surrogacy was not even socially accepted in the country and this […]
Read More →The COVID-19 pandemic demonstrated that flexibility can thrive both employers and employees and thanks to the rapid acceptance of internet-based tools during the pandemic era,Employers need to prioritize hybrid working at the forefront of their talent strategy since remote working is the new currency for attracting and keeping talent. The government issued The Special Economic […]
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