As a move towards greater corporate transparency, a Directors / Board' report is a financial document that is required to file at end of the FY by the Companies.
CBIC Begins Using e-Office in all CGST and Customs offices "The e-Office is a Mission Mode Project (MMP) under the National e-Governance of India.&
Facility to file nil GSTR-3B through an SMS is now available. Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, even if there is no business activity in any particular tax period.
RBI has released a discussion paper on the 12th June 2020, on 'Governance in Commercial Banks in India' for public comments.
40th GST Council Meeting was chaired by FM. Late fees on GSTR-3B for taxpayers with nil tax liability waived off
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer (FPO's)
COVID emergency credit facility is for all companies and not for MSMEs only
Traders may be allowed to get registered as MSME under the MSMED Act, 2006 via udyogaadhaar Registration.
MSME new definition was given by the FM while giving the details of the Economic Relief Package. MSME new definition will take effect from 1st of July 2020.