1. GST:

The government has clarified that services outsourced to India or carried out in the country for foreign entities will not be treated as intermediary services, and hence not face 18% goods and services tax (GST). This was approved by the GST Council on Friday.

2 . GST:

Wef 1.1.21, relevant FY for the claim of ITC u/s 16(4) shall be as per date of Debit note (& not of underlying invoice). Circular 160/16/2021-GST of 20.9.21.

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3. GST council:

It was decided as a measure of trade facilitation that the unutilized balance in CGST and IGST cash ledger may be allowed to be transferred between distinct persons (entities having the same PAN but registered in different states), without going through the refund procedure, subject to certain safeguards.

The Finance Ministry will begin the budgetary process on October 12th.


Sebi on September 20, 2021, said that its skin-in-the-game rules can be applied in a phased manner for the junior employees of the mutual fund. For now, ten per cent of the compensation of such employees will be invested in the mutual fund units of the fund house. From October 1, 2022, this will be increased to 15 per cent and from October 1, 2023, it will be brought up to 20 per cent.

5. Government

Is going to Institutionalize a 24 hours “Helpline” for assistance to exporters and resolution of issues “said Shri Piyush Goyal at the launch of nationwide celebrations of the iconic week for Amrit Mahotsav for Commerce & Industry Ministry.

6. IEC:

All IECs which have not been updated after 01.01.2005 shall be deactivated with effect from 06.10.2021.