Considering the very grim phase the country is facing due to the phenomenal surge in the Covid-19 pandemic and in order to support its stakeholders, CSBF w.e.f 1st May 2021, has enhanced the medical reimbursement limits for those affected by Covid 19.
Ministry of Finance at the recommendation of the Ministry of Home Affairs has released in advance of the normal schedule, the 1st instalment of the Central Share of SDRF for 2021-22 to all the States. An amount of Rs.8873.6 crore has been released.
The Institute of Chartered Accountants of India has waived off the Condonation Fees due to late filing of application Form 18 related to Members and Firms amid the 2nd wave of the COVID-19 Pandemic, till 30th July 2021.
Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic
IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same
The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March'2021).
In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers requesting that various compliance dates may be relaxed, the Government has extended certain timelines today.
ICAI has decided to re-open the online filling up of examination application form for Chartered Accountants Examinations, May 2021 from 4th May 2021 (10 AM) to 6th May 2021 (11.59 PM) with late fees (Rs.600/- or US $ 10).
Considering the present pandemic situation of COVID-19 and for meeting the demand for medical devices, GoI has permitted the importers of medical devices to import certain categories of medical devices for three months from 28.04.2021 onwards.
Ministry of Commerce & Industry, Department of Commerce has permitted the Import of oxygen concentrators for personal use through post, courier or e-commerce portals, where Customs clearance is sought as "gifts", till 31 July 2021.
CAclubindia
