June 2021

india legal update covid

Compliance Relaxations in India | COVID-19

1. GST UpdateDate of Notification – 28 May 2021

  • Legal Framework – The Goods & Services Tax Act, 2017 and relevant rules thereunder.
  • Government Authority – Central Board of Indirect Taxes and Customs (CBIC)
  • Web-linkCBIC Circular
  • Legal Update: IGST to be fully exempted on import of certain COVID-19 related goods.Rationalization of GST rates on certain goods and services.Rationalization of late fee in reporting of certain returns.Simplification of Annual Return for FY 2020-21.
india legal update covid

Summary of Compliance Relaxations in India | COVID-19

1. Topic – Clarification on spending of CSR funds for ‘creating health infrastructure for COVID care’ 
Date of Notification – 5 May 2021
Legal Framework:
– Section 135 of Companies Act, 2013
– Companies (CSR Policy) Rules, 2014 

india legal update covid

Cooperation, Competition and Conflict in Indian Society

Dear Reader,

The idea of sharing thoughts about “Understanding India” from non-business perspective got very encouraging response from our clients, colleagues and friends. This response has acted as a source of inspiration while launching HLS India’s first e-newsletter in India.


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