Statutory updates

01/2021-Union Territory Tax : Seeks to provide relief by lowering of interest rate for the month of March and April, 2021

08/2021-Central Tax : Seeks to provide relief by lowering of interest rate for the month of March and April, 2021

09/2021-Central Tax : Seeks to amend notification no. 76/2018-Central Tax in order to provide waiver of late fees for specified taxpayers and specified tax periods

10/2021-Central Tax : Seeks to extend the due date for filing FORM GSTR-4 for financial year 2020-21 to 31.05.2021

Extension of Due Date for FORM GST ITC-04 for January to March 2021

The Central Board of Indirect Taxes and Customs extends the due date for furnishing of FORM GST ITC-04 for the period of January 2021 to March 2021.

Extension of Due Date for FORM GSTR-1 for April 2021

The Central Board of Indirect Taxes and Customs extends the time limit for furnishing FORM GSTR-1 for April 2021.

13/2021-Central Tax : Seeks to make third amendment (2021) to CGST Rules.

14/2021-Central Tax : Seeks to extend specified compliances falling between 15.04.2021 to 30.05.2021 till 31.05.2021 in exercise of powers under section 168A of CGST Act.

Additional time allowed for filing all returns due on 31st March, 2021

The authority allows all insurance intermediaries additional time to file all returns due on 31st March, 2021.

Consumer Price Index for Industrial Workers - March 2021

The Labour Bureau releases the All-India Consumer Price Index for Industrial Workers for March 2021 at 119.6 points.

SFT Format and Guidelines for Depository Transactions

Depositories prepare and submit the Statement of Financial Transactions for depository transactions to support pre-filling of income tax returns.

Income-tax (12th Amendment) Rules, 2021

The Central Board of Direct Taxes issues the Income-tax (12th Amendment) Rules, 2021 to add rules for withdrawing pending settlement applications under section 245M.

SFT Submission Format and Guidelines for Mutual Funds by RTAs

Registrar and Share Transfer Agents must prepare and submit the Statement of Financial Transactions for mutual fund transactions through the SFTP Server.

Norms on Settlement of COVID-19 Health Insurance Claims

All general and health insurers must communicate decisions on cashless treatment authorization for COVID-19 claims to the network provider within a period of 60 minutes.

CGST Second Amendment Rules 2021 for EVC Filing by Companies

The Central Board of Indirect Taxes and Customs issues the Central Goods and Services Tax (Second Amendment) Rules, 2021.

Facility of NPS On-Boarding Through Online Aadhaar e-KYC

Subscribers can register for the National Pension System through an online Aadhaar e-KYC authentication service on the e-NPS platform.

IBBI (Insolvency Professionals) Regulations, 2016 (Amended upto 27.04.2021)

IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 (Amended upto 27.04.2021)