International Financial Services Centres Authority (Bullion Exchange) Regulations 2020 were approved by the Authority in its meeting held on October 27, 2020. The said regulations have been published in the Gazette of India on December 11, 2020.
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All the States except Tamil Nadu have availed benefits of the newly announced scheme. The scheme was announced by the FM on 12th October 2020 as a part of the AatmaNirbhar Bharat package.
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CBIC, on 11th December 2020 has further made changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994.
As a part of #AatmaNirbharBharat Abhiyaan additional borrowing limit of up to 2% of Gross State Domestic Product (GSDP) was allowed to the States for the year 2020-21, equivalent to Rs. 4,27,302 crores.
To handle the menace of fake firms, fly-by-night operators, and circular trading entities, GST field formations canceled 1,63,042 registrations in the month of Oct & Nov due to non-filing of GSTR-3B returns.
The Institute of Chartered Accountants of India has operationalized New Overseas Office in Singapore to boost collaboration & bilateral relationship.
Firm action has been taken by CGST Delhi Zone in this financial year i.e. 2020-21, has resulted in detection of GST evasion of 3542.02 Crores, and 14 accused have been arrested so far.
It is notified for general information that the next CA Exams for the students who had opted-out from November 2020 Exams and opted for Nov 2020 Cycle - II is scheduled from 21st Jan 2021 to 7th Feb 2021.
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