- Annual Aggregate Turnover (AATO) computation for FY 2021-22
Dated – 2.05.2022
The functionality of AATO for the FY 2021-22 has the following features:
- The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY).
- The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed till date.
- The taxpayers have also been provided with the facility of turnover updation in case taxpayers feel that the system calculated turnover displayed on their dashboard varies from the turnover as per their records.
- This facility of turnover update shall be provided to all the GSTINs registered on a common PAN. All the changes by any of the GSTINs in their turnover shall be summed up for computation of Annual Aggregate Turnover for each of the GSTINs.
- The taxpayer can amend the turnover twice within the month of May, 2022. Thereafter, the figures will be sent for review by the Jurisdictional Tax Officer who can amend the values furnished by the taxpayer wherever required.
- Minimum Investment Grade Credit Ratings for Deposits of NBFCs
Circular number – RBI/2022-23/37 DOR.FIN.REC.No.30/03.10.001/2022-23
Dated – 2.05.2022
In the Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016, the names of approved credit rating agencies and their respective minimum investment grade credit rating for the purpose of accepting public deposits by NBFCs have been listed.
It has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB–’ from any of the SEBI-registered Credit Rating Agencies.
The Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 is being modified accordingly.
- DGFT extends relaxation for import of crushed & de-oiled GM soya cake
Notification number – 02/2015-2020-DGFT
Dated – 2.05.2022
In exercise of powers conferred by Section 3 and Section 5 of FT(D&R) Act, 1992 read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy (FTP), 2015-2020, as amended from time to time, the Central Government hereby amends the notifications as under:
- For import of remaining Quantities of 5.5 Lakh MTs the last date of imports is extended to 30th September 2022, or until further orders, whichever is earlier. The import of given consignments may be considered for Bill of Lading or Lorry Receipt dated on or before 30th September, 2022. Furthermore, ‘Out of charge’ may be authorised by the Customs Authorities on or before 31st December, 2022.
- It is reiterated that import is allowed only through the (8) ports as notified earlier i.e., Nhava Sheva Port (INNSA1), LCS Petrapole (INPTPB), Mumbai Sea Port (INBOM1), Tuticorin Sea Port (INTUT1), Vishakhapatnam Sea Port (INVTZ1), Ghojadanga LCS (INGJXB), Kolkata (INCCU1) and Ranaghat Railway Station (INRNG2).
- Strict monitoring of import quantity to be ensured by the Department of Animal Husbandry and Dairying (DAH&D) so that the mandated quantity of 5.50 lakh MT is not breached.
Effect of the Notification: Relaxation of import provisions under Notification No. 20/2015-20 dated 24.08.2021 to allow the import of the remaining quantity of 5.50 Lakh MT upto 30.9.2022 or until further orders, whichever is earlier. Bill of lading of such import consignments to be on or before 30.9.2022 and “Out of Charge” of such consignments to be authorised by customs on or before 31.12.2022.