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IEC details need to be confirmed every year to keep it remain active
Export Incentives
CA. Sachin Jindal

IEC details need to be confirmed every year to keep it remain active

In the recent Notification No. 28/2015-2020 dated 12th February 2021, DGFT make it mandatory for all IEC holders to ensure that the details in its IEC is updated electronically every year, during April – June Period. In case where there are no changes in IEC details same are also needs to be confirmed online.

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Jewellers and Real Estate agents under Purview of PMLA
Information
CA. Kavit Vijay

Jewellers and Real Estate agents under Purview of PMLA

With effect from 28th December, 2020, every jeweller who is engaged in cash transactions of INR 10,00,000 or above (through single operation or several linked operations) and Real Estate agents having annual turnover of INR 20 Lacs or more, is covered by PMLA

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How to check the FSSAI license number online?
FSSAI
CA. Sachin Jindal

How to check the FSSAI license number online?

FSSAI license number is a 14 digit FSSAI number issued to every food business operator irrespective of the scale and size of the business Operation. There are different kinds of FSSAI licenses depending upon the business and its operation size.

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FSSAI Renewal
FSSAI
CA. Sachin Jindal

FSSAI Renewal | Guide & Procedure

FSSAI renewal is as important as getting a first time license for operating a food business. The FSSAI license should be renewed within the stipulated time. Normally the initial FSSAI license is issued for one to five years. Every food business operator should renew the FSSAI license thirty days before the expiry of the current license.

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Fssai Annual Return
FSSAI
CA. Sachin Jindal

FSSAI Annual Return

Obtaining the licence, displaying the licence within the premises and on the food article is mandatory for every food business operator. Similarly, it is mandatory for every food business operator to file FSSAI Annual return.

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No recovery of interest on Gross GST Liability
News and Announcements
CA. Kapil Mittal

Recovery of Interest u/s 50 on net cash liability under GST

CBIC assured that no recoveries shall be made for the past periods as well, i.e., delayed GST payment made upto 31.08.2020, by any of the Central and State tax administration. Therefore, interest computation for earlier period shall be carried out in accordance with the decision taken in the 39th meeting of GST Council only.

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