Notifications & Circulars Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic (Press Information Bureau) (02.05.2021)In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbr....MANU/PIBU/1706/2021Goods and Services TaxClarification on spending of CSR funds for 'creating health infrastructure for COVID care', 'establishment of medical oxygen generation and storage plants' (Ministry of Corporate Affairs) (05.05.2021)In continuation to this Ministry's General Circular No. 10/2020 dated 23.03.2020, wherein it was clarified that spending of CSR funds for COVID-19 is ....MANU/DCAF/0044/2021Commercial Priority Sector Lending - On-lending by Small Finance Banks to NBFC-MFIs (Reserve Bank of India) (05.05.2021)As per extant guidelines, lending by Small Finance Banks (SFBs) to Micro-Finance Institutions (MFIs) for on-lending is not reckoned for priority secto....MANU/RMIC/0066/2021BankingPeriodic updation of KYC - Restrictions on account operations for non-compliance (Reserve Bank of India) (05.05.2021)This is with reference to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry ....MANU/RMIC/0064/2021BankingCredit to MSME entrepreneurs (Reserve Bank of India) (05.05.2021)1. This is with reference to circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the ab....MANU/RMIC/0063/2021BankingResolution Framework 2.0 - Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (Reserve Bank of India) (05.05.2021)1. Please refer to the circular DOR.No.BP.BC/4/21.04.048/2020-21 dated August 6, 2020 on restructuring of advances to the MSME borrowers. 2.....MANU/RMIC/0061/2021Banking