AVANTIS WEEKLY NEWSLETTER | ISSUE 42 OF 2018

Highlights of the Newsletter for 42nd week of 2018 are:

1.       CBIC clarifies the issue regarding the last date to avail Input Tax Credit (ITC) in respect of invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018.

2.       RBI issues Prepaid Payment Instruments (PPI) Guidelines for Interoperability.

3.       FSSAI commences special drive for ensuring safe and quality milk and milk products during festivals.

4.       IBBI has published:

·         Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018;

·         Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2018;

·         Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2018;

·         Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2018.

5.       Government of Jharkhand has published Jharkhand Goods and Services Tax (Amendment) Ordinance, 2018.

6.       Government of Maharashtra has published Maharashtra Goods and Services Tax (Amendment) Ordinance, 2018.

7.       The Odisha Government has made an order to impose the ban on use of plastic and thermocol in five Municipal Corporation limits from October 02, 2018.

Avantis Softech Newsletter_Issue 42 of 2018