Legislation Updates Archives

USA – TEXAS | Heartbeat Act, 2021, prohibits abortion if heartbeat of unborn child detected, comes into effect as US Supreme Court refuses to stay the law

After the United States Supreme Court declined the request of urgent stay of Heartbeat Act, 2021, the New Abortion Law comes into

Legislation Updates Notifications

CBDT issues implementation date for certain provisions of Income Tax Act, 1961

On September 01, 2021, the Central Board of Direct Taxes (CBDT) has issued a notification to notify the implementation date of certain

Legislation Updates Notifications

SEBI | Revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives Segments

The Securities and Exchange Board of India has notified revised guidelines for Liquidity Enhancement Scheme in the Equity Cash and Equity Derivatives

Legislation Updates Notifications

CBDT | Calculation of taxable interest relating to provident fund transactions prescribed vide Income Tax (25th Amendment) Rules, 2021

The Central Board of Direct Taxes has passed Income Tax (25th Amendment) Rules, 2021 on August 31, 2021. The Income Tax (25th

Legislation Updates Rules & Regulations

Food Safety and Standards (Fortification of Foods) First Amendment Regulations, 2021

RegulOn August 27, 2021, the Food Safety and Standards Authority of India (FSSAI) has issued the Food Safety and Standards (Fortification of

Legislation Updates Statutes/Bills/Ordinances

South Korea | Bill approved to bar Apple and Google’s app store charges

The Parliamentary Committee of South Korea has approved a bill, Partial amendment to the Telecommunications Business Act (alternative) (Chairman of Science and

Legislation Updates Notifications

CBIC relaxes timeline for GST Amnesty Scheme

The Central Board of Indirect Taxes has extended FORM GSTR-3B late fee Amnesty Scheme from 31.08.2021 upto 30.11.2021 vide notification no. 33/2021-Central

Legislation Updates Notifications

CBIC relaxes timelines for filing applications for the revocation of cancellation of GST Registration

The Central Board of Indirect Taxes and Customs (CBIC) has extended the timelines for filing applications for the revocation of cancellation of

Legislation Updates Notifications

Advisory on HSN and GSTR-1 filing released

The Central Board of Indirect Taxes has issued an Advisory dated August 26 2021 on Harmonised System of Nomenclature (HSN) and GSTR-1

Legislation Updates Notifications

SEBI issues circular on disclosure of risk-o-meter of scheme, benchmark and portfolio details to the investors

SEBI has issued a circular for disclosure of risk-o-meter of scheme, benchmark and portfolio details to the investors in order to protect

Legislation Updates Notifications

Implementation of Rule 59(6) on GST Portal from Sept, 1; GSTN advises tax payers to file their pending GSTR 3B at the earliest

The Goods and Service Tax Network (GSTN) has released an advisory dated August 26, 2021 throwing light on the implementation of Rule

Legislation Updates Notifications

RBI notifies inclusion of PM SVANidhi Scheme beneficiaries under Payments Infrastructure Development Fund

On August 26, 2021, the Reserve Bank of India vide press release has included the PM SVANidhi Scheme beneficiaries under Payments Infrastructure

Legislation Updates Notifications

RBI releases Master Directions on Prepaid Payment Instruments, 2021

On August 27, 2021, the Reserve Bank of India (RBI) has issued the Reserve Bank of India Master Directions on Prepaid Payment

Legislation Updates Notifications

General Insurance Business (Nationalisation) Amendment Act, 2021 comes into force w.e.f August 27, 2021

On August 27, 2021, the Ministry of Finance has issued the notification regarding enforcement date for the provisions of the General Insurance

Legislation Updates Notifications

CDSCO issues classification of Medical Devices pertaining to Urology under Medical Devices Rules, 2017

On August 23, 2021, the Central Drugs Standard Control Organisation (CDSCO) has issued Classification of Medical Devices pertaining to Urology under the

Legislation Updates Notifications

Government introduces a new registration mark for new vehicles “Bharat series (BH-series)” to facilitate seamless transfer of vehicles

On August 26, 2021, the Ministry of Road Transport and Highways in order to facilitate seamless transfer of vehicles, has introduced a

Legislation Updates Notifications

CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961

The Central Board of Direct Taxes (CBDT) has further extend the due dates for electronic filing of such Forms. The further details

Foreign Legislation Legislation Updates

Scotland | New legislation to offer increased protection to retail workers vide Protection of Workers (Retail and Age-restricted Goods and Services) Act, 2021

The Government of Scotland has introduced a new law dated 27.08.2021, after the Protection of Workers (Retail and Age-restricted Goods and Services)

Legislation Updates Rules & Regulations

Regularisation of provisions of Unmanned Aircraft System vide Drone Rules, 2021

The Ministry of Civil Aviation has passed the Drone Rules, 2021 vide gazette notification dated August 25, 2021. The Unmanned Aircraft System

Legislation Updates Notifications

SEBI issues circular on Modalities for implementation of the framework for Accredited Investors

SEBI has issued a circular on Modalities for implementation of the framework for Accredited Investors in exercise of powers conferred under Section