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Not disclosed interest on FD, bank savings? Be ready for Income Tax Dept notice

Not disclosed interest on FD, bank savings? Be ready for Income Tax Dept notice
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FNB News - "It is proposed to include 'export' to be regulated by FSSAI under FSS Act"

Monday, 08 March, 2021, 08 : 00 AM [IST]
The Food Safety and Standards Authority of India is doing exemplary work in regard to ensuring food safety in the country. Among the various initiatives by the Authority in recent times is FoSCoS that aims at easing the licensing and registration procedure for Food Business Operators. The Authority is also making relentless efforts to update the standards to international levels, improve food testing by setting up new labs and upgrading manpower and other resources with focus on ease of doing business for FBOs. In its latest initiative, FSSAI is set to regulate exports of food in the country, making the export-import scenario at par with developed countries reveals ....

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FNB News - Under FoSCoS, FBOs need to file annual return online only

Monday, 28 December, 2020, 08 : 00 AM [IST]
Ashwani Maindola, New Delhi
The FSSAI has ordered that the mandatory filing of annual returns by the food businesses shall be done âonlineâ only by next fiscal, as the food licensing and registration system of the apex food regulator has now migrated to the Food Safety Compliance System (FoSCoS).
FoSCoS is entirely a âcloudâ based online system that would be a one-stop âCompliance Portalâ for Food Safety and will incorporate modules for functional needs such as advanced MIS, integration with InFolNet and FICS; Hygiene Rating and Audits etc. along with annual return filing.
The order by the FSSAI reads, âIt is decided that online submission of Annual Return on Food Safety Compliance System âFoSCoS, shall be made mandatory for the food businesses involved in manufacturing and importing of food products with effect from FY 2020-21.â ....

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