Income-tax (16th Amendment) Rules, 2020

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Amendment
Release Date: 03, Jul, 2020
Notification No: Notification No. 43/2020/F. No. 370142/11/2020-TPL
Description: The Central Board of Direact Taxes on June 30th 2020 has issued Income-tax (16th Amendment) Rules, 2020 to further amend Income tax Act, Rules, 1962.

Income-tax (15th Amendment) Rules, 2020

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Amendment
Release Date: 30, Jun, 2020
Notification No: Notification No.42 /2020/F. No.370149/143/2019-TPL
Description: The Central Board of Direct Taxes on June 30th 2020 has issued Income-tax (15th Amendment) Rules, 2020 to further amend Income tax Act, Rules 1962.
Amendment are as follows:
After the rule 11UAC, rule 11UAD has been inserted

Income-tax (14th Amendment) Rules, 2020

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Amendment
Release Date: 29, Jun, 2020
Notification No: [Notification No. 40 /2020/F. No.370149/143/2019-TPL
Description: The Central Board of Direact Taxes on June 29th 2020 has issued Income-tax (14th Amendment) Rules, 2020 to further amend the Income Tax Rules, 1962. These rules shall be implemented from April 1, 2020 and shall be applicable for the financial year 2021-22.s

Corrigendum regarding extension of time limits under the Income-tax Act, 1961 and related Acts​

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Corrigendum
Release Date: 29, Jun, 2020
Notification No: Notification No 39 /2020/ F. No. 370142/23/2020-TPL
Description: The Central Board of Direact Taxes has issued this corrigendum for making change in Notification No. 35/2020 and the same are as follows:
1. in line 30, for “section 54 or 54GB” read “sections 54 to 54GB”
2. in line 35, for “sub-clause (i)” read “sub-clause (i) of clause (c)

Income-tax (13th Amendment) Rules, 2020

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Amendment
Release Date: 26, Jun, 2020
Notification No: Notification No. 38/2020/F. No.370142/15/2020-TPL
Description: The Central Board of Direact Taxes on June 26th 2020 has issued Income-tax (13th Amendment) Rules, 2020.
Amendments are as follows
1. sub rule 3 has been inserted after sub rule 2 in Rule 2BB of income tax Act 1962
2. In rule 3, in sub rule 7 in clause iii after proviso a new proviso has been inserted

CBDT extends the time limits under the Income-tax Act, 1961 and related Acts

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Notification
Release Date: 24, Jun, 2020
Notification No: Notification No.35 /2020/ F. No. 370142/23/2020-TPL
Description: The Central Board of Direact Taxes on June 24th has further extends the time limits under the Income-tax Act, 1961 and related Acts.
1. December 31, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the specified Act falls for the completion or compliance of such action.
2. March 31, 2021, shall be the end date to which the time limit for completion or compliance of such action shall stand extended
3. For the filing of returns under the section 139 of the said act, July 31, 2020 shall be the last date and for some compliances for filing returns the November 30, 2020 shall be the extended date
4. The date has been extended to July 15, 2020 for filing all the TDS returns which were supposed to be completed on March 31, 2020.

Extension of various time limits under Direct Tax & Benami laws

Legal Category: Taxation
Rule ACT: Income Tax Act
Update Type: Press Release
Release Date: 24, Jun, 2020
Notification No: NA (Extension of various time limits under Direct Tax & Benami laws)
Description: The Central Board of Direact Taxes on June 24th has issued a press Release extension of various time limits under Direct Tax & Benami laws.

Extention of time limit for filing an application for revocation of cancellation of registration for specified taxpayers

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Order
Release Date: 25, Jun, 2020
Notification No: Order No. 01/2020-Central Tax
Description: The Central Board of Indireact Taxes and Customs on June 25th 2020 have extended the time limit for filing an application for revocation of cancellation of registration for specified taxpayers.

Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Circular
Release Date: 24, Jun, 2020
Notification No: Circular No.141/11/2020-GST
Description: The Central Board of Indireact Taxes and Customs (CBIC) on 24th June 2020 has issued a clarification in respect of various measures announced by the Government for
providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19).

Extension of Lockdown and Unlock 2 Guidelines for Phased Reopening in the State of Andhra Pradesh

Legal Category: HR and Labour
Rule ACT: Shops and Establishments Act - Andhra Pradesh
Update Type: Order
Release Date: 02, Jul, 2020
Notification No: G.O.Rt.No. 317
Description: The Government of Andhra Pradesh has issued an order extending the lockdown in the State up to 31st July 2020 and to re-open prohibited activities in a phased manner in areas outside containment zones.

Lockdown Extension and Phased Reopening Unlock 2 Order In Rajasthan

Legal Category: HR and Labour
Rule ACT: Shops and Establishments Act - Rajasthan
Update Type: Order
Release Date: 30, Jun, 2020
Notification No: No. G.33(2)Home-9/2019 (Rev)
Description: The Government of Rajasthan has issued an order regarding extension of lockdown and phased reopening of activities and Unlock 2 guidelines in the state of Rajasthan.

Lockdown Extension and Phased Reopening Unlock 2 order In Madhya Pradesh

Legal Category: HR and Labour
Rule ACT: Shops and Establishment Act - Madhya Pradesh
Update Type: Letter
Release Date: 30, Jun, 2020
Notification No: No. 200/2020/C-2
Description: The Government of Madhya Pradesh has issued an order regarding extension of lockdown and phased reopening of activities and Unlock 2 guidelines in the state of Madhya Pradesh.

The Contract Labour (Regulation and Abolition) (Goa Amendment) Ordinance, 2020

Legal Category: HR and Labour
Rule ACT: Contract Labour Act - Goa
Update Type: Ordinance
Release Date: 26, Jun, 2020
Notification No: No 7 Of 2020
Description: The Government of Goa on June 26, 2020 has passed and ordinance to further amend the Contract Labour (Regulation and Abolition) Act, 1970. The amendments are made in section 1 of the Principal Act and new section 25A is inserted after section 25 of the Principal Act.

Submission of Compliance Certificate by RTAs/Issuers having direct electronic connectivity with NSDL

Legal Category: SEBI
Rule ACT: SEBI (Depositories and Participants) Regulations
Update Type: Circular
Release Date: 06, Jul, 2020
Notification No: NSDL/CIR/II/25/2020
Description: Registrar and Transfer Agents (RTAs)/Issuers having direct electronic connectivity with NSDL are advised to submit a Compliance Certificate to NSDL in the format given in Annexure A, duly signed and stamped by the Compliance Officer of the RTA/Issuer having direct electronic connectivity with NSDL, at half-yearly intervals as per the following schedule:
i. January to June - July 31
ii. July to December - January 31.

Streamlining of processes in System related to Bonds and First Check Bill of Entries (BEs) – reg.

Legal Category: FEMA / EXIM
Rule ACT: Customs Act
Update Type: Notice
Release Date: 04, Jul, 2020
Notification No: NO.78/2020
Description: The Chief Commissioner of Customs, Mumbai Zone-II has decided to streamline the process in System related to Bonds and First Check with the objective of further facilitate the trade to overcome the scourge of Covid-19. Following initiatives are being implemented in System with effect from 6th July 2020:
i. Auto Debiting of Bond
ii. Streamlining of workflow in case of First Check Bill of Entries (BEs).

Turant Customs – Turant Suvidha Kendra and Other Initiatives for Contactless Customs - reg

Legal Category: FEMA / EXIM
Rule ACT: Customs Act
Update Type: Circular
Release Date: 06, Jul, 2020
Notification No: No.32/2020-Customs
Description: Central Board of Indirect Taxes & Customs (CBIC) has decided to take below-mentioned measures to provide Faceless, Contactless, and Paperless Customs administration:
i. Turant Suvidha Kendra in All Customs Formations: The Principal Chief Commissioners of Customs/Chief Commissioners of Customs are advised to set up the Turant Suvidha Kendra (TSKs) in all Customs stations by 15.07.2020.
ii. Registration of Authorised Dealer Code, Bank Accounts through ICEGATE: The Directorate General of Systems, has now enabled a functionality within ICEGATE login which allows the exporters to make an online request for registration/modification of their AD Code/Bank Account(s) and also electronically submit the Passbook copy or Bank Authorisation letter through e-Sanchit. The exporters would also have access to a Dashboard to view the status of approval and acceptance at Public Financial Management System (PFMS), for quick rectification at their end. The detailed step-by-step guide is available on the ICEGATE portal at https://www.icegate.gov.in/Download/Bank_Account_Management_Advisory.pdf.
iii. Automated debit of the bond after Assessment: It has been decided that ICES would automatically debit the Bond and reflect the same in the first copy of the Bill of Entry,
provided the details of the Bond are provided during submission of the Bill of Entry.
iv. Simplified Registration of Importers/Exporters in ICEGATE: The simplified registration on ICEGATE can be done easily in few moments by following the steps given in the link at https://www.icegate.gov.in/Download/Advisory_for_Simplified_%20Registration_at_ICEGATE_v1.pdf .

West Bengal Government Revised the Rate of Minimum Wages for Establishment Covered under Shop and Establishment Act

Legal Category: HR and Labour
Rule ACT: Minimum Wages Act - West Bengal
Update Type: Circular
Release Date: 25, Jun, 2020
Notification No: No. 51/703/Stat/2RW/29/2016/LCS/JLC
Description: The Government of West Bengal has revised the rate of minimum wages for the period from 1st July 2020 to 31st December 2020 in the employment of Establishment as defined under the Shops and Establishment Act, 1963.

Interest Rate (Feb to July 2020) for delayed filing of GSTR 3B

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 24, Jun, 2020
Notification No: No. 51/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has notified the lowered interest rate for a prescribed time for tax periods from February 2020 to July 2020 for delayed filing of GSTR 3B.

One time amnesty by lowering/waiving of late fees for non furnishing of FORM GSTR-3B

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 24, Jun, 2020
Notification No: No. 52/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has decided to provide one-time amnesty by lowering/waiving of late fees for non-furnishing of FORM GSTR-3B from July 2017 to January 2020 and also seeks to provide relief by a conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February 2020 to July 2020.

Extension of period to pass order under section 54(7) of the Central Goods and Services Tax Act, 2017

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 27, Jun, 2020
Notification No: No. 56/2020 – Central Tax
Description: The Central Board of Indirect Taxes and Customs (CBIC) has decided to further extend the period to pass an order under section 54 (7) of the Central Goods and Services Tax Act, 2017, which talks about the refund of tax, by amending the Notification No. 46/2020- Central Tax dated June 09, 2020.

Extension of Due-Date of Specific Compliances

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 27, Jun, 2020
Notification No: No. 55/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has decided to extend the due date for specific compliance which falls during the period from the 20th day of March 2020 to the 30th day of August 2020, to 31st day of August 2020.

Extension of Due-Date for GSTR-3B - August 2020- Annual turnover up to Rs. 5 crore

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 24, Jun, 2020
Notification No: No. 54/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has decided to extend the due date for furnishing FORM GSTR-3B for supply made in the month of August 2020 for taxpayers with annual turnover up to Rs. 5 crores.

Enforcement of Sections 118, 125, 129 & 130 of Finance Act, 2020

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 24, Jun, 2020
Notification No: No.49/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has decided to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 in order to amend the Sections 2, 109, 168 & 172 of CGST Act with effect from 30.06.2020.

Conditional waiver of late fees for furnish the Return in FORM GSTR-3B

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 30, Jun, 2020
Notification No: No. 57/2020 – Central Tax
Description: Central Board of Indirect Taxes and Customs (CBIC) has decided that for the taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding financial year and fail to furnish the return in FORM GSTR-3B for the months of May, 2020 to July, 2020, by the due date but furnish the said return till the 30th day of September, 2020, the total amount of late fee under section 47 of the said Act, shall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those
taxpayers where the total amount of central tax payable in the said return is nil.

Central Goods and Services Tax (Sixth Amendment) Rules, 2020

Legal Category: Taxation
Rule ACT: GST Act - Central
Update Type: Notification
Release Date: 19, Jun, 2020
Notification No: No. 48/2020 – Central Tax
Description: The Central Board of Indirect Taxes and Customs (CBIC) has issued the Central Goods and Service Tax (Sixth Amendment) Rules, 2020 to further amend the Central Goods and Service Tax Rules, 2017.
In the Central Goods and Services Tax Rules, 2017 in rule 26 in sub-rule (1), for the second proviso, following provisos shall be substituted:
Provided further that a registered person registered under the provisions of the Companies Act, 2013 (18 of 2013) shall, during the period from the 21st day of April, 2020 to the 30th day of September, 2020, also be allowed to furnish the return under section 39 in FORM GSTR-3B verified through electronic verification code (EVC).
Provided also that a registered person registered under the provisions of the Companies Act, 2013 (18 of 2013) shall, during the period from the 27th day of May, 2020 to the 30th day of September, 2020, also be allowed to furnish the details of outward supplies under section 37 in FORM GSTR-1 verified through electronic verification code (EVC).
  • 03, Jul, 2020 Income-tax (16th Amendment) Rules, 2020
  • 30, Jun, 2020 Income-tax (15th Amendment) Rules, 2020
  • 29, Jun, 2020 Income-tax (14th Amendment) Rules, 2020
  • 29, Jun, 2020 Corrigendum regarding extension of time limits under the Income-tax Act, 1961 and related Acts​
  • 26, Jun, 2020 Income-tax (13th Amendment) Rules, 2020
  • 24, Jun, 2020 CBDT extends the time limits under the Income-tax Act, 1961 and related Acts
  • 24, Jun, 2020 Extension of various time limits under Direct Tax & Benami laws
  • 25, Jun, 2020 Extention of time limit for filing an application for revocation of cancellation of registration for specified taxpayers
  • 24, Jun, 2020 Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread of Novel Corona Virus (COVID-19)
  • 02, Jul, 2020 Extension of Lockdown and Unlock 2 Guidelines for Phased Reopening in the State of Andhra Pradesh
  • 30, Jun, 2020 Lockdown Extension and Phased Reopening Unlock 2 Order In Rajasthan
  • 30, Jun, 2020 Lockdown Extension and Phased Reopening Unlock 2 order In Madhya Pradesh
  • 26, Jun, 2020 The Contract Labour (Regulation and Abolition) (Goa Amendment) Ordinance, 2020
  • 06, Jul, 2020 Submission of Compliance Certificate by RTAs/Issuers having direct electronic connectivity with NSDL
  • 04, Jul, 2020 Streamlining of processes in System related to Bonds and First Check Bill of Entries (BEs) – reg.
  • 06, Jul, 2020 Turant Customs – Turant Suvidha Kendra and Other Initiatives for Contactless Customs - reg
  • 25, Jun, 2020 West Bengal Government Revised the Rate of Minimum Wages for Establishment Covered under Shop and Establishment Act
  • 24, Jun, 2020 Interest Rate (Feb to July 2020) for delayed filing of GSTR 3B
  • 24, Jun, 2020 One time amnesty by lowering/waiving of late fees for non furnishing of FORM GSTR-3B
  • 27, Jun, 2020 Extension of period to pass order under section 54(7) of the Central Goods and Services Tax Act, 2017
  • 27, Jun, 2020 Extension of Due-Date of Specific Compliances
  • 24, Jun, 2020 Extension of Due-Date for GSTR-3B - August 2020- Annual turnover up to Rs. 5 crore
  • 24, Jun, 2020 Enforcement of Sections 118, 125, 129 & 130 of Finance Act, 2020
  • 30, Jun, 2020 Conditional waiver of late fees for furnish the Return in FORM GSTR-3B
  • 19, Jun, 2020 Central Goods and Services Tax (Sixth Amendment) Rules, 2020
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