Covid-19 Archives - LegalRaasta Knowledge portal Information on company registration, FSSAI, IEC, MSME, trademark, ISO and registrations Wed, 30 Jun 2021 07:00:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.1 Delhi CM Announced “Weekend Curfew in Delhi” : All You Need To Know https://www.legalraasta.com/blog/weekend-curfew-in-delhi/ Fri, 16 Apr 2021 11:46:07 +0000 https://www.legalraasta.com/blog/?p=23068 Introduction Delhi chief minister Arvind Kejriwal on Thursday reported sweeping limitations, including weekend curfew in Delhi and the closure of shopping centers, spas, gyms, and more, in a bid to break the chain of Coronavirus infections in the city. There would be no in-house dining in cafés and cinema halls would be permitted to work [...]

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Introduction

Delhi chief minister Arvind Kejriwal on Thursday reported sweeping limitations, including weekend curfew in Delhi and the closure of shopping centers, spas, gyms, and more, in a bid to break the chain of Coronavirus infections in the city.

There would be no in-house dining in cafés and cinema halls would be permitted to work with just a 30% capacity, the chief minister said at an online press conference session after the city recorded the greatest single-day hop 17,282 new Coronavirus cases.

CM Kejriwal said main services and weddings would not be influenced during the weekend curfew in Delhi and passes would be given to those attending weddings.

The chief minister likewise said there was no lack of emergency hospital beds and more than 5,000 were yet available for Coronavirus patients. Efforts to increase beds for a large scale will likewise be made, he guaranteed.

Addressing a crisis presser over the by and large Coronavirus circumstance, Kejriwal said the requirement of Coronavirus norms will be strictly carried out openly puts in Delhi, one of the most noticeably awful hit cities in the second wave of infections.

What’s a weekend curfew?

A weekend curfew is imposed in Delhi starting 10 pm on April 16 (Friday), till 5 am on April 19 (Monday), wherein just individuals occupied with main services will be permitted to drive. An existing night curfew is as of now set up in Delhi (from 10 pm to 5 am).

Some Frequently Asked Questions by the People of Weekend Curfew in Delhi

Will I be fined if I don’t follow the order?

If you disregard the instructions, you will be continued against according to the provisions of sections 51 to 60 of the Disaster Management Act, 2005, Section 188 of IPC, and other appropriate laws.

What main services will be permitted?

Shops dealing with food sources, groceries, fruits, vegetables, and milk stalls, meat and fish, medicines,

And shops selling medical equipment, banks, insurance workplaces,

And ATMs, print and electronic media; media communications, internet services, broadcasting and link services, IT and IT-enabled services will be open.

Delivery of all main goods including food sources, medicines, clinical equipment through e-commerce is permitted. Those providing main services should create e-passes upon demand.

Would I be able to go to a shopping center/cinema hall/ /gym/restaurant during weekend curfew in Delhi?

No. Shopping centers, gyms, spas, and dine-in services at a restaurant, etc. are closed throughout the days until further notification.

The seating limit of cinema lobbies has been decreased from half to 30% during the week. In any case, they will be shut throughout the weekend.

Is my domestic help permitted to come to work during weekend curfew in Delhi?

The request doesn’t completely refer to the restriction of domestic help, yet if they are coming from distant spots, they may be halted.

Thus, it is ideal to ask them not to come throughout the weekend, particularly, on the off chance that they stay far away.

Am I permitted to go for unimportant activities within the city?

You are not permitted to go for non-essential activities within the city, either during the weekend curfew in Delhi or during the night curfew.

If I place an order on an e-commerce site, would it be able to be followed through toward the weekend?

Indeed, if the delivery agent has an e-pass, he/she will be permitted to drive.

What if I need to go to a wedding or funeral during the weekend curfew in Delhi.

You will require an e-pass to go to a wedding or funeral. Yet, just if you are one of the 50 visitors invited to the wedding or one of the 20 visitors needed to go to the funeral.

Would I be able to call a plumber/carpenter/electrical technician/cleaner/pest control/repairman?

No. The request doesn’t include them in the main class.

Would I be able to visit landmarks or public spaces during the weekend curfew in Delhi?

No, public spaces, for example, parks and tourist spots, including Qutub Minar or India Gate, will be shut throughout the weekend.

If I need to go to an emergency clinic during the weekend curfew in Delhi?

Ambulances can take patients if you are feeling sick, you can travel to meet a doctor, regardless of whether you are not carrying an applicable document. You may be addressed.

Would I be able to take a public vehicle?

No, except if you are occupied with main assistance. According to the most recent request, the limit of Delhi Metro and DTC transports has been brought down to half.

At the weekend and during the night curfew, just those occupied with the main services referenced above will be permitted to take a public vehicle, for example, transports and the Metro.

Weekend curfew in Delhi: Here is the thing that’s permitted

  • All gyms, shopping centers, and auditoriums will be shut.
  • Cinemas are permitted to work at the 30% limit.
  • Individuals won’t be permitted to dine in cafés.
  • Just home delivery of food will be available.
  • Curfew passes to be given to those rendering main services.
  • Curfew passes for marriages and other allowed activities.
  • 1 week after week market permitted each day per zone.

On Wednesday, Delhi revealed 17,282 new instances of Coronavirus, the highest single-day cases since the pandemic started.

Night curfew in Delhi 30 April

A seven-hour night curfew, from 10 pm to 5 am till 30 April is as of now imposed in Delhi.

Those absolved from the curfew include pregnant ladies, patients, those traveling to and from air terminals, railway stations, state bus terminus on showing tickets, authorities identified with the functioning of workplaces of ambassadors, and those holding any constitutional post on the creation of valid identity card.

Central and Delhi government authorities involved in crisis services like health and family welfare and all connected clinical foundations, police, prisons, home watchmen, civil defense, fire, and emergency services are likewise absolved.

Also Read,

Know your best Payment Gateways in India and what is its role in E-Commerce

80G Certificate: Eligibility, Documents Required

All about you need to know NGO Registration

Company Registration In Delhi 

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Indian Healthcare Industry: Size, Future Scenario, Investments And Laws https://www.legalraasta.com/blog/indian-healthcare-industry/ Fri, 18 Dec 2020 11:24:48 +0000 https://www.legalraasta.com/blog/?p=22303 The Indian Healthcare industry has become one of primary sectors, with respect to revenue and employment. In India, the healthcare sector comprises of “Hospitals, Medical Devices, Outsourcing, Medical Tourism, Health Insurance, and Medical Equipment.” The Indian Healthcare Industry is developing at a sharp pace. Furthermore, Indian healthcare industry also comprises of “Medical Devices, Telemedicine, Outsourcing, [...]

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The Indian Healthcare industry has become one of primary sectors, with respect to revenue and employment. In India, the healthcare sector comprises of “Hospitals, Medical Devices, Outsourcing, Medical Tourism, Health Insurance, and Medical Equipment.” The Indian Healthcare Industry is developing at a sharp pace. Furthermore, Indian healthcare industry also comprises of “Medical Devices, Telemedicine, Outsourcing, Clinical Trials, Medical Tourism, and Health Insurance.” The Indian healthcare industry can be bifurcated into two major components – “The Private Healthcare Sector and The Public Healthcare Sector.” The government healthcare sector i.e. the public healthcare sector consists of a few secondary and tertiary care institutes which work to provide basic healthcare services in the rural and semi-urban areas. Whereas, the private sector provides a majority of secondary, tertiary along with quaternary care institutions which provide services in the metropolitan cities along with tier-I and tier-II cities.

Market size

By 2022, Indian Healthcare Industry will increase, by three-fold growth i.e Rs.8.6 trillion (US$ 133.44 billion).

The Indian healthcare industry is growing at a percentage of 18%. It is expected to reach US$ 9 billion within the year 2020.  The percentage of the health care industry is rising on the GDP. Hence, making way to enhance healthcare services in the country. The expenditure spent by the government in the healthcare sector has grown to 1.6% of the GDP in the current financial year as compared to the financial year of 2016 when it was 1.3% of the GDP.

The momentum that health insurance is gaining in India is growing year by year. The gross direct premium income by the health insurance grew to 17.16% i.e Rs.51,637.84 crore (US$ 7.39 billion) in the financial year 2020.

Future scenario of Indian Healthcare Industry

By 2022, the healthcare industry in India has aimed to reach $372 billion. Presently, the Indian healthcare industry is growing at a tremendous pace. The factors responsible for such a fast growth are “Services, Coverage and Increasing Expenditure by Public and Private Investors.”

The expected growth of Indian medical tourism is expected to reach $7-8 billion this year (2020). The healthcare sector has also seen a rise in Ayushman Bharat centres. There are presently more than 50,000 of these centres which provide primary healthcare services across India.

Investments made recently in the Indian Healthcare Industry

Foreign direct investment is attracted to hospitals and medical diagnostic centres. FDI worth US$ 6.72 billion were raised between April 2000 and March 2020. This data was presented by the “Department for promotion of industry and internal trade (DPIIT).”

Some of the recent investments made to improve the Indian healthcare industry are given below:

·       To manufacture and sell the potential COVID-19 drug, Remidisvir, in over 127 countries, Jubilant genetics Ltd. signed a non-license agreement with US-based Gilead sciences Inc. in May 2020.

·       Additionally, in May 2020, Carlyle group acquired around 74% of stake in an animal health-focused pharmaceutical company, SeQuent Scientific Ltd., for about Rs.1580 crore (US$ 224.15 million).

·       To enhance the country’s capabilities to fight against COVID-19, in April 2020, the first COVID-19 sample collection mobile lab of the country was launched, namely Mobile BSL-3 VRDL Lab. This mobile lab can process more than 1000 samples per day.

·       Adding to this, the value of merger and acquisition (M&A) deals for hospitals all over India jumped by a record of 155% i.e. Rs.7615 crores (US$ 1.09 billion) as on the financial year 2018-19.

·       A national clinical coordination committee for AI-powered cardiovascular disease risk score API is set in India which is the result of collaboration between Microsoft India and Apollo hospitals group, in August 2020.

·       In January 2019, tri-country premier hearing services Inc.’s plan was approved by National Company Law Tribunal (NCLT) to acquire Bhilai scan and research Pvt Ltd. (BSR) diagnostic for Rs. 67 crores (US$ 9.29 million).

·       Ministry of health and family welfare announced that India has also signed a memorandum of understanding (MoU) with Cuba. This was signed to increase the cooperation of the two countries in the area of health and medicine.

·       Furthermore, Fortis healthcare accepted the demerger of it’s hospital business with Manipal hospital enterprises. Also, an investment of Rs. 3900 crore (US$ 602.41 million) in Manipal hospital enterprise was done by TPG and Dr.Ranjan Pal.

Things to consider while starting healthcare business in India

  1. Be in touch with the legal department for registration
  2. Connect with various hospitals.
  3. Know how much you are willing to invest.
  4. Capture the niche market.
  5. Know about different taxation rules.
  6. Understand the growth predictions of the near future.
  7. Abide by the rules and regulations.
  8. Know the loan and finance requirement beforehand.
  9. Understand all the medical-legal complications.

Laws for governing the commission of hospitals

  1. The companies act, 2013
  2. Atomic Energy Regulatory Body Approval for Radiology / Nuclear Medicine Services under the Atomic Energy Act – 1962
  3. Bombay Nursing Homes Registration Act – 1949
  4. Radiation Protection Certificate for Radiology Department from BARC
  5. Bombay Nursing Homes Registration (Amendment) Act- 2005
  6. Atomic Energy ( Safe Disposal of Radioactive Waste) Rules -1987
  7. Delhi Nursing Home Registration Act – 1953
  8. The Indian Telegraph Act – 1885
  9. Clinical Establishments Bill – 2010
  10. Clinic Establishment Act
  11. Fire Safety Rules – 1987
  12. The Partnership Act, 1956
  13. John Ambulance Association (India) Transfer of Funds Act – 1956
  14. Society Registration Act –1960
  15. Government Buildings Act – 1899
  16. Clinic Establishment Act
  17. John Ambulance Association (India) Transfer of Funds Act – 1956
  18. Red Cross Society (Allocation of Property) Act- 1936
  19. Electricity Rules – 1956
  20. Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act – 1908

Laws and regulation which govern the hospital’s business aspects

  1. Vehicle Registration Certificate
  2. Insurance Act – 1938
  3. Sales of Good Act – 1930
  4. Rules for the display of Red Cross Insignia
  5. the Public Liability Insurance Rules – 1991/1993
  6. Contract Act – 1982
  7. The Public Liability Insurance Act – 1991/1992
  8. Charitable and Religious Trust Act-1920
  9. Gift Tax Act – 1958
  10. Foreign Exchange Management Act-1999
  11. the Customs Act – 1962
  12. Copyright Act – 1982
  13. Cable Television Network ACT – 1995
  14. Wireless Operation Certificate from Post and Telegraphs
  15. Income Tax ACT – 1961

Laws to govern the sales and storage of drugs and other medications

  1. Drug and Cosmetic Act Amendment – 1982
  2. Homoeopathy Central Council Act – 1973
  3. Narcotics and Psychotropic Substances Act -1985
  4. Central Sales Tax Act -1956
  5. Blood Bank Regulations under Drugs and Cosmetic ( 2nd amendment ) rules – 1999
  6. The Drugs Control Act – 1950
  7. Homoeopathy Central Council (Amendment) Act -2002
  8. Pharmacy Act – 1948
  9. License for Possession and use of Rectified/denatured spirit
  10. The Drug and Cosmetics Rules (Amendment 2005) – 1945
  11. Retail Drug Licence
  12. Central Excise Act (for a permit to use and store spirit) – 1944
  13. Adulteration of Drugs (IPC Sec 274)
  14. Drugs and Cosmetic Act – 1940
  15. Sales of Adulterated Drugs ( IPC Sec 275 )
  16. Sales of Good Act – 1930
  17. Negligent Conduct about Poisonous Substances (IPC Sec 284)
  18. Sales of Drug as Different Drug or Preparation ( IPC Sec 276 )

Laws for regulating qualification, practice and conduct of professional in the Indian Healthcare Industry

  1. Rehabilitation Council of India Act – 1992
  2. All India Council for Technical Education ACT – 1987
  3. Indian Medical Council (Professional conduct, etiquette, and ethics) regulations- 2002
  4. The Dentists (Code of Ethics Regulation) – 1976
  5. Dental Council of India Regulations – 2006
  6. The Apprenticeship Act – 1961
  7. Indian Medical Degrees Act
  8. Indian Medical Council Act – 1956
  9. Registration of Medical Practitioners with State Medical Councils
  10. The Dentists Act – 1948
  11. The ICN Code of Ethics for Nurses
  12. Indian Nursing Council Act -1947
  13. AICTE Rules of Physiotherapy Rules

Laws that regulates patient management in the Indian Healthcare Industry

  1. Birth, Death and Marriage Registration Act – 1886
  2. The Epidemic Disease Act – 1897
  3. Drugs and Magic Remedies (objectionable) Advertisements Act 1954 – 1954
  4. Lepers Act – 1975
  5. Eyes (Authority for Use for Therapeutic Purposes) Act -1982
  6. Transplantation of Human Organ Act – 1994
  7. Transplantation of Human Organ Rule – 1995
  8. MTP Act – 1997
  9. Laws of Contract Section 13 (Consent)
  10. Manual for Control of Hospital Associated Infections: SOPs, NACO, Govt. of India
  11. National Guidelines for Clinical Management of HIV / AIDS, NACO, Govt. of India
  12. Rules for Insurance Cover for the Sterilization Cases
  13. Pre Conception and Prenatal Diagnostic Techniques (prohibition of sex selection) Rules – 1996
  14. PNDT Act – 1994
  15. The Mental Health Act – 1987
  16. Ear Drums and Ear Bones (Authority for Use for Therapeutic Purposes) Act – 1982
  17. MTP Rules – 1971
  18. Indian Lunacy Act – 1912
  19. Guardians and Wards Act – 1890

Laws responsible for governance of environmental protection and safety

  1. State Municipality Sanitation and Public Health Bye-Laws – 1959
  2. The Water (Prevention and Control of Pollution) Rules – 1975
  3. Air ( Prevention and Control of Pollution ) Act – 1981/1987
  4. The Air (Prevention and Control of Pollution) (Union Territories) Rules – 1983
  5. Environment Protection Act – 1996
  6. The Noise Pollution (Regulation and Control) (Amendment) Rules – 2002
  7. The Noise Pollution (Regulation and Control) (Amendment) Rules – 2006
  8. Rules regarding the safe discharge of effluents in the public sewers /drains
  9. IPC sec 269 (negligent act likely to spread infection or disease dangerous to life, unlawfully or negligently)
  10. The Water (Prevention and Control of Pollution) Act – 1974/1988
  11. The Water (Prevention and Control of Pollution) Cess Rules – 1978
  12. The Air (Prevention and Control of Pollution) Rules – 1982
  13. Environment Protection Rule – 1986
  14. Biomedical waste management handling rules – 1998/2000
  15. Noise pollution control Rules – 2000
  16. The Water (Prevention and Control of Pollution) Cess (Amendment) Act- 2003
  17. The Noise Pollution (Regulation and Control) (Amendment) Rules – 2010
  18. IPC sec 278 (making atmosphere noxious to health)
  19. The Noise Pollution (Regulation and Control) (Amendment) Rules – 2000

Laws regulating employment of manpower in India Healthcare Industry

  1. Workmen’s Compensation Act – 1923
  2. Indian Trade Union Act – 1926
  3. Industrial Disputes Act – 1947
  4. ESI Act – 1948
  5. ESI ( Central ) Rules – 1950
  6. Citizenship Act – 1955
  7. PPF Act – 1968
  8. Payment of Gratuity Act – 1972
  9. SC and ST Act – 1989
  10. Persons With Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act 1995
  11. Maternity Benefit (Amendment) Act – 2008
  12. Workmen’s Compensation (Amendment) Act – 2009
  13. Child Labour Act
  14. Negotiable Instrument Act – 1881
  15. Official Secrets Act – 1923
  16. Payment of Wages Act – 1936
  17. Weekly Holidays Act – 1942
  18. Minimum Wage Act – 1948
  19. Employees Provident Fund and Misc. provision Act – 1952
  20. Employment Exchange (Compulsory Notification of vacancies ) Act – 1959
  21. Payment of Bonus Act – 1965
  22. Equal Remuneration Act -1976
  23. Persons with Disabilities Act – 1995
  24. Information Technology Act – 2000
  25. Information Technology (Amendment) Act – 2008
  26. Shops and Factories Act (for National Holidays)

Laws to regulate the safety in the Indian Healthcare Industry

  1. Vaccination Act – 1880
  2. Arms Act – 1950
  3. The Indian Fatal Accidents Act – 1955
  4. Radiation Protection Rules – 1971
  5. Protection of Human Rights Act – 1993
  6. AERB safety code no. AERB/SC/Med -2 (REV -1) – 2001
  7. The Cigarettes and other Tobacco products ( prohibition of advertisement and regulation of trade, commerce, production, supply, and distribution ) Bill – 2003
  8. Disaster Management Act – 2005
  9. The Tamil Nadu Medicare Service Persons and Medicare Service Institutions (prevention of violence and damage or loss to property) Act – 2008
  10. IPC Sec 337 (causing hurt by act endangering life and personal safety of others)
  11. Rules for Provision of Safe Drinking Water
  12. Rules for Provision of Uninterrupted Power supply
  13. IPC Sec 338 (causing grievous hurt by act endangering the life and personal safety of others.
  14. IPC Sec 336 ( act endangering life and personal safety of others)
  15. The Prohibition of Smoking in Public Places Rules – 2008
  16. Gas Cylinder Rules -2004
  17. Petroleum Act + Storage Rules – 2002
  18. Vaccination (Repeal) Act – 2001
  19. The Radiation Surveillance Procedures for the Medical Application of Radiation – 1989
  20. Insecticide Act – 1968
  21. Prevention of Food Adulteration Act -1954
  22. the Indian Boilers Act – 1923
  23. Vaccination Act – 1880

Laws that regulate the medical-legal aspects

  1. Law of torts
  2. Moreover, IPC Section 93
  3. IPC Section 89
  4. IPC Section 52
  5. Law of privileged communication
  6. The Indian Evidence Act (disclosure of privileged/confidential patient-related information before a court of law – under protest)
  7. Likewise, IPC Section 269
  8. IPC Section 92
  9. IPC Section 80
  10. The Protection of human rights Act
  11. Consumer Protection Act – 1986

Laws that regulate research and professional training

  1. The Nursing Council of India Rules for starting the School/College of Nursing
  2. ICMR Rules Governing Medical Research
  3. National Board of Examinations Rules for DNB training
  4. MCI Rules for Internship Training

Laws that regulate biomedical research

  1. Further, Breeding of and Experiments on Animals (Control and Supervision) Amendment Rules – 2005.
  2. Reconstitution of Committee for Control and Supervision of Experiments on Animals (CPCSEA).

We provide all kinds of legal services like  DGEHS empanelment, CGHS empanelment, Hospital empanelment” and many more. So, contact the expert team of “LegalRaasta”, for a completely smooth and hassle free process.

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New GST Rules To Be Obliged From 1st January, 2021 https://www.legalraasta.com/blog/new-gst-rules/ Thu, 17 Dec 2020 09:40:00 +0000 https://www.legalraasta.com/blog/?p=22285 To help in the expansion of small businesses, government has decided to modify the new GST rules, which will be applicable from 1st January 2021. If you belong to the category of small and medium businessmen, to ease your burden on taxpaying, the government has decided to remove the quarterly filing of GST return with [...]

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To help in the expansion of small businesses, government has decided to modify the new GST rules, which will be applicable from 1st January 2021.

If you belong to the category of small and medium businessmen, to ease your burden on taxpaying, the government has decided to remove the quarterly filing of GST return with monthly payments.

The government announced this good news on 5th  December. On the following day, the government launches the QRMP scheme (Quarterly Filing of Return with Monthly Payment).

As per the reports by the government, the QRMP scheme will have it’s impact on around 92 lakh taxpayers, this constitutes around 92% of the current tax base in the GST domain.

With the onset of this scheme, it will be sufficient for the taxpayers to file just eight GST returns in a financial year. These new GST rules will include “Four GSTR1 and Four GSTR 3B”. Presently, according to the current GST scheme, taxpayers are allowed to file 16 returns in a financial year. GST payment can be made every month by the taxpayers, either through challan by self-assessment of monthly liability or the taxpayer can make payment by making 35% of their cash liability of GSTR-3B of the previous quarter.

What is GST? 

GST (good and services tax) is a value added tax which is levied on various goods and services such as “Frozen Vegetables, Plastic Waster, Electronic Items, Tour Operation Services, Etc.” These goods and services are sold for domestic consumption. The consumer is obliged to pay for the GST but the businesses offering those goods and services pay to the government.

Who all are eligible for the scheme?

Only those small and medium businessmen would be eligible for the scheme, whose:

  1. Total annual turnover was up to Rs.5 crore in the last financial year.
  2. And who have filed for their GSTR-3B return of October month at least by 30th

What are the advantages associated with this scheme?

  • Small and medium businessmen will be able to pay their monthly taxes by either pre-filed challan or cash ledger.
  • In case a businessmen opts for the IFF facility, they would also be eligible to receive ITC even after the cut-off date of IFF.
  • As new GST rules will cut down the number of GST returns from 16 to 8, there will be a huge difference in the professional expenses of the taxpayers from January 2020.
  • With the new GST rules, ITC (Input Tax Credit) will be provided only on report, invoices. Thus, it will help the government to stop fake invoices frauds.
  • An optional feature of IFF (Invoice Filing Facility) will also be brought out by the QRMP scheme. This feature will allow the businessmen to file and upload their invoices quarterly. Along with this, the QRMP scheme will allow the businessmen to upload their invoices within the first and second months. This shall help the businessmen to address the high demands from the recipients.

New dates announced by the government for quarterly GSTR-1

New dates have been notified by CBIC (Central Bureau of Indirect Taxes and Customs) for filing GSTR-1 on a quarterly basis for the coming 2 quarters.

Quarter under-reporting Due date
October 2020 to December 2020 Up to 13th January 2021
January 2021 to march, 2021 Up to 13th April 2021

All those Businessmen have to register for the quarterly return, who have business with an aggregated turnover of up to 1.5 crores for the previous financial year or the current financial year. Registered businessmen have to submit the details of goods and services in the GSTR-1 form.

Due dates announced by the government for filing of GSTR-1 form

The dates notified by the CBIC for filing of GSTR-1 form for the coming six months i.e. October 2020 to march, 2021 are as follows:

Month Due date
October 2020 11th  November 2020
November 2020 11th  December 2020
December 2020 11th  January 2021
January 2021 11th  February 2021
February 2021 11th  March 2021
March 2021 11th  April 2021

Furnishing of form GSTR-3B for the following six months

Prescribed dates for the filing of GSTR-3B for the coming six months, starting from October 2020 to March, 2021 have been provided by the central government.

The following tables show the mode of payment and the last date for discharging the tax liability:

Month Aggregate turnover of more than Rs.5 crore in the previous financial year Aggregate turnover of more than or equal to Rs.5 crore in the previous financial year
For taxpayers in the state A category For taxpayers in the state B category
October 2020 20th November 2020 22nd November 2020 24th November 2020
November 2020 20th December 2020 22nd December 2020 24th  December 2020
December 2020 20th January 2021 22nd January 2021 24th  January 2021
January 2021 20th February 2021 22nd February 2021 24th  February 2021
February 2021 20th March 2021 22nd March 2021 24th March 2021
March 2021 20th April 2021 22nd April 2021 24th  April 2021

Categories included in state A

State A: All those taxpayers whose main place of business is in the following states “Gujarat, Chhattisgarh, Madhya Pradesh, Goa, Karnataka, Maharashtra, Tamil Nadu, Kerala, Andhra Pradesh, and Telangana”. The union territories which will be included in state A are “Daman and Diu, Dadar and Nagar haveli, Andaman and Nicobar islands, Puducherry and Lakshadweep islands,”

Categories included in state B

State B: All those taxpayers whose main place of business is in the following states “Punjab, Haryana, Uttrakhand, Himachal Pradesh, Uttar Pradesh, Rajasthan, Sikkim, Bihar, Nagaland, Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Assam, Tripura, Odisha or Jharkhand, and West Bengal”. The union territories which will be included in state B are “Jammu and Kashmir, Delhi, Chandigarh, and Ladakh.”

Mode of payment to be followed:

Nature of discharge Debited from
Tax liability Electronic cash ledger or electronic cash ledger
Interest, fees, penalty, and other amount to be paid Electronic cash ledger

Filling of GST annual return for the financial year 2019-2020 to be made optional

As suggested by the council of GST, the central government issued that the filing of annual return of the GST act, 2017 is to be made optional. This shall be eligible for all those businessmen who have a turnover of less than Rs.Two crores of the financial year 2017-18, 2018-19, 2019-20.

Filing of GST in the Covid era

Amidst the Covid situation, the country is already facing many challenges. One such challenge faced by the country is the filing of returns for the month-end which also includes the last date for filing of GST audit along with tax audit returns on 31st October 2020.

The situation of India worsened after covid-19. At this time, having 31st October as the last date to file for tax audit and GST audit is neither desirable nor practical.  The impact on financial professionals and businessmen was similar in terms of “Health Care, Revenue, Business Expansion, Liquidity, Staff Shortage, Etc.”

Looking at this hardship which is endured by the financial professional and businessmen, CBIC came in aid for them and postponed the filing date of GST return and tax return.

Even after the Covid era for the year 2020, in future too there would be few financial drawbacks. To support the small and medium businessmen so that they don’t afloat due to the financial crisis, the step by the central government to bring new GST rules is highly appreciated.

We provide all kinds of legal services like  GST Advisory Service,GST Registration” and many more. So, contact the expert team of “LegalRaasta”, for a completely smooth and hassle-free process.

We provide all kinds of legal services like Trademark RegistrationCompany RegistrationFSSAI License, and many more. So, contact the expert team of “LegalRaasta”, for a completely smooth and hassle-free process.

Related Links

How GST Software Benefits your Business

GST impact on startups

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Atmanirbhar Bharat 2020 reforms for Importers, Exporters & Consumers https://www.legalraasta.com/blog/atmanirbhar-bharat-2020-reforms/ Wed, 23 Sep 2020 06:56:18 +0000 https://www.legalraasta.com/blog/?p=22057 Atmanirbhar Bharat Yojana, declared by India's Prime Minister Narendra Modi, means Atma Nirbharta-Self Reliance. For importers, exporters & buyers, the government of India has an Atmanirbhar Bharat vision. If there is one lesson that the pandemic has taught us. That is, that our nation's only national efforts can help us tide. This is because of [...]

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Atmanirbhar Bharat Yojana, declared by India’s Prime Minister Narendra Modi, means Atma Nirbharta-Self Reliance. For importers, exporters & buyers, the government of India has an Atmanirbhar Bharat vision.

If there is one lesson that the pandemic has taught us. That is, that our nation’s only national efforts can help us tide. This is because of the financial recession’s tumultuous days. In many tranches, the kit was sold. We describe the implications of the Atma Nirbhar Package for three major stakeholders in this specific article. The importers, the exporters, and the ultimate buyers in India’s economic scenario. Also, trace how our everyday consumption supposes to shift by this new trend.

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Five pillars of Atmanirbhar Bharat

  1. Economy – an economy that begins Quantum Jump rather than Incremental transformation.
  2. Infrastructure – an infrastructure that became the status of modern India.
  3. System – A system that is made by technology that can achieve the dreams of the 21st century; a way not based on the policy of the past century.
  4. Demography – Our Vibrant Demography is our power in the world’s largest democracy, our source of energy for self-reliant India.
  5. Demand – The cycle of demand and supply chain in our economy, is the depth that requires to be limited to its complete potential.

Benefits of Atmanirbharat Bharat

  • To take the whole advantage of the “vocal for local” scheme one must impress the services of a chartered accountant in their business. Since there are several aspects related to the formulation of business policies, long term financial decisions, business expansion, etc. All these features will be checked thoroughly single-handed by a chartered accountant.
  •   CA services online will assist you to find the best-chartered accountant in India with the full experience and expertise in helping the business compliance in India.
  • You can get an MSME Loan without collateral, which means no assets require to be guaranteed to secure financing. Along with an engaging interest rate, the loan allows a unique flex loan department and support. Our MSME or SME business loan is the perfect source of hassle-free MSME finance for your enterprise.
  • Also, online company registration is easy by all the legal service providers that CA/CS near you.
  • MSME Regsitration is getting easy as the MSME sector is getting the advantage of Rs.3 lakh to get back into the market.
  • Once, the local brand becomes popular in import e, export they require a license of Import and Export code along with Trademark registration. Because of vocal to local, the business and especially local will grow from a speed.

What the changes are involve Atma Nirbhar Bharat?

  • A 20 lac crore rupees package statement by the Finance Minister recently, with its focus on 5 main pillars – Economy, Infrastructure, Demand, Vibrant Demography, and Arrangements start by the 21st-century technologies.
  • Just like the changes in the 1990s, that concentrates on Liberalisation and Privatisation, with an extreme center on promoting globalization. In India, by investments, foreign competition, the Atma Nirbhar Bharat proposes an almost anti stance. It expects to boost the demand for locally manufacturing goods. Further, replace key input goods in different industries with Indian manufacturing ones. Channelize consumer demand towards what’s made inside the borders of the country.
  • Our core infrastructures, such as mining, security, minerals, space, and aviation are the main sectors based on the fourth tranche of announcements.
  • A large part of the package focuses on improving agricultural supply chain efficiency. This means that not just the farmer, but also food processing companies, Agri-startups, self-help groups engaged in agricultural value addition can empower.
  • A major part of the kit focuses on enhancing productivity in the agricultural supply chain. This will mean that it would empower not only producers but also food processing firms, agri-startups, self-help groups involved in adding agricultural value.

Restoration of Industries

The Indian industry to take a position in robust local supply chains. Championing the decision for ‘Made in India, Built for the World’. The prime minister focuses on the “sector-wise structural reforms” to restore the growth.

There’s an urgent got to address some major challenges just like the high logistics cost (double of international average), low R&D expenditure, skill mapping also like quality and price of power for the manufacturing industry. Further, PM Modi envisioned a bold list of 5 ‘I’s – Intent, Inclusion, Investment, Infrastructure, Innovation as key pillars for the revival of the economic process.

The COVID-19 shock occurs at a time once we are experiencing an economic slowdown. GDP growth in January-March 2020 quarter slowed to three .1% resulting in a full year FY20 GDP growth of 4.2%, an eleven-year low.

Three back-to-back quarters of contraction within the manufacturing sector. Including de-growth within the past two quarters within the construction sector has primarily given to lower employment generation.
These sectors have strong backward and forward linkages (2-3 times) with other sectors within the economy. Therefore, the extent of their slowdown has broader suggestions and additions for the remainder of the economy.

Vocal for Local

For exporters and Indian producers, the bright side is that their promotional and branding strategies can be carefully managed. In line with the target of ‘Made in India’. Through its hashtags #Vocal For Local, the govt has been an advocating voice that aims to market often handmade, locally produced, sustainable products that power the Indian growth story. There is also an upsurge in startups to connect local shops, kiranas, and small businesses with a good range of online shopping customers.

All the legal service providers in India will assist in all the important registration and license. Specially MSME- Micro, small, Medium Enterprise will be set up along with legality and they will get loans as well. “Vocal for local” & “Make in India” campaign in Atma Nirbhar Bharat connects with a direct relationship. Both these campaigns concentrate on the Indian economy and providing an increase in manufacturing in India.

This is the best time to get online company registration, MSME registration, get MSME loans, and getting import-export code, trade license, and what no.

Conclusion

The ANB campaign would necessarily have to be a long term project and will entail a broader focus field, not just the trade and development concerns discussed in this brief. At this point, however, when the focus is mainly on economic revival and recovery. What will be necessary is to define concrete and achievable targets for the next three to four years and to make a concerted national effort to achieve them. It would be worth seeing whether we can turn the current fear at our borders toward foreign aggression into a positive and sustained ANB effort. We must also bear in mind that initial measures that are well-considered will provide the basis for the long-term success of the ANB campaign.

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The post Atmanirbhar Bharat 2020 reforms for Importers, Exporters & Consumers appeared first on LegalRaasta Knowledge portal.

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