Goods and Services Tax was introduced on the midnight of 1st July 2017 with the objective of “one nation, one market, one tax” fused a large number of Central and State taxes into a single tax. The single biggest indirect tax regime kicked into force,…
Important and Related Posts: GST for Companies under Insolvency | Special Procedure Notification No. 39/2020–Central Tax Dated 5th May, 2020 | Company under Insolvency Circular No. 138/08/2020-GST | Company in Insolvency | Extenstion of ITC-04 | Merchant Exporter Facility for registration of IRP/RPs made available…
Why ITC-02A has to be filed? if registered person intends to transfer the unutilized ITC lying in Electronic Credit Ledger to newly registered place of business then details in Form ITC-02A has to be furnished. To whom this facility is available? This facility is available…
“BSE SME LISTING ELIGIBILITY NORMS REVISED DUE TO COVID-19” Overview Bombay Stock Exchange (BSE) vide notice no. 20200522-21 dated 22nd May, 2020 has issued Notification related to “Relaxation in Eligibility Criteria for SMEs in view of Covid-19 Pandemic Situation”. This circular has been issued to amend…
Definition of Nidhi Company or Mutual Benefit Society Nidhi or Mutual Benefit Society means a company which has been incorporated as a Nidhi with the object of: Cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only,…
“VEHICLE DOCUMENTS VALIDITY EXTENDED TILL 31ST JULY, 2020” Key highlight: Notification for extension of validity of fee payment and extension of time period for paying fees as mandated under rule 32 and 81 of Central Motor Vehicle Rules 1989 Details from the Circular: Due to…
The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown". The…
As the world deals with the challenges posed by the COVID-19 pandemic, India Inc. struggles to overcome the economic slowdown triggered by the consequent lockdown. The shutdown of businesses, slowdown in demand, and complete disruption in the supply-chain have triggered a severe liquidity crisis in the economy.…