Additional time allowed for filing Regulatory Returns
The Insurance Regulatory and Development Authority of India allows additional time for all insurers to file regulatory returns for the period ending on 31 March 2020.
Global Pandemic Covid19 Instructions on Grace Period and ULIP Payouts
The Insurance Regulatory and Development Authority of India provides an additional grace period for life insurance policies and permits settlement options for unit linked policies.
136/06/2020-GST : 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) - Reg
CBIC-GST·03 Apr 2020·Notification·30/2020 – Central Tax
CGST Fourth Amendment Rules 2020 Composition Scheme and ITC
The Central Board of Indirect Taxes and Customs amends the Central Goods and Services Tax Rules 2017 to extend the time limit for the composition scheme and to permit the…
32/2020-Central Tax : Seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020.
33/2020-Central Tax : Seeks to provide relief by conditional waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020.
34/2020-Central Tax : Seeks to extend due date of furnishing FORM GST CMP-08 for the quarter ending March, 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020.
35/2020-Central Tax : Seeks to extend due date of compliance which falls during the period from "20.03.2020 to 29.06.2020" till 30.06.2020 and to extend validity of e-way bills.
CBIC-GST·03 Apr 2020·Notification·36/2020 – Central Tax
Extension of Due Date for FORM GSTR-3B for May 2020
This notification extends the due date for furnishing FORM GSTR-3B for the month of May, 2020.
Life, general, and health insurers must ensure their board-approved reward policies contain objective and transparent criteria with logical parameters for calculating rewards.
Premium Payment for Motor Third Party Insurance Renewal in Lockdown
The Insurance Regulatory and Development Authority of India clarifies rules for motor insurance policy renewals during the lockdown period from 25th March 2020 to 14th April 2020.
Health Insurance Policy Renewal Premium Payment During Lockdown
Insurers must cover health insurance policy risks when renewal premiums are due between 25th March 2020 and 14th April 2020 but remain unpaid due to the lockdown, provided the…
Motor Third Party Insurance Renewal Premium Payment Clarifications
The Insurance Regulatory and Development Authority of India issues clarifications for the payment of renewal premium for motor third party insurance policies during the lockdown…
CBIC-GST·31 Mar 2020·Circular·Circular No.135/05/2020 - GST
GST Clarifications on Refund Issues
This circular removes the restriction on clubbing tax periods across different financial years for filing GST refund claims.
RBI·31 Mar 2020·Notification·FEMA 23(R)/(3)/2020-RB
Foreign Exchange Management Export of Goods and Services Amendment Regulations 2020
The Reserve Bank of India amends the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015.
Bank Participation in Offshore Non-deliverable Rupee Derivatives
Eligible banks in India with an Authorised Dealer Category-1 license and International Financial Services Centre Banking Units may offer non-deliverable derivative contracts…
