Mandatory Requirement to adopt Software Based Compliance Management Tool by Banks
RBI has directed SE/RE to adopt a Technological Solution to ensure Efficient & Effective Compliance Monitoring in their organizations.
IEPF (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024
Central Government has notified IEPF (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024 vide G.S.R. 414(E) on July 16, 2024
Merger of Form IEPF-3 with IEPF-4 and IEPF-7 with IEPF-1
To ease the compliance burden and simplify filings, it has been decided to merge Form IEPF-3 with IEPF-4 and IEPF-7 with IEPF-1.
Additional fees on filing of various IEPF Forms waived
Due to transition from MCA21 V2 to V3, additional fees on filing of various IEPF Forms has been waived till 16th August, 2024.
Submission of DIR 3 KYC for updation of Mobile Number & Email ID
It has been provided that now Directors can update their mobile number & email id using Form DIR-3-KYC on or before 30th September 2024
Extension of Due Date for filing Annual Return by Battery Producers
The Central Government hereby extends the Due Date for filing Annual Return by producers of batteries for FY 2023 – 24 to 30th August 2024.
Amendment in the TCS Rate to be collected by Electronic Commerce Operator
In the said notification, the rate of TCS to be collected by such e-commerce operator has been reduced from 1% to 0.5%.
FLA return due date extended to 31st July 2024
Due date for submitting annual return on FLA as on end March-2024 on the FLAIR portal has been extended to July 31, 2024 from July 15th 2024
Mechanism for refund of additional IGST due to revision in price of goods subsequent to exports
CBIC has issued clarification on matter pertaining to claiming of refund of IGST paid due to revision in price of goods subsequent to exports
Amendment in Notification Pertaining to Exempted Inter-State Supplies of Goods
Central Board of Indirect Taxes and Customs has amended some earlier notifications pertaining to exemption of inter-state supplies of goods