Ministry of Corportae Affairs vide General Circular Number 19/2020 dated 30/04/2020 extend the last date for filing Form NFRA-2 by Auditor of Companies for FY 2018-19 . Time limit for filing Form NFRA-2 will be now 210 days instead of 150 days which was…
Excise duty on beer has been increased from 35% to 45% Rajasthan is expected to mop up ₹800 crore from the hike in these changes JAIPUR : To make up for revenue loss during coronavirus lockdown, the Rajasthan government has decided to hike excise duty on…
Goods and Services Tax (GST) collections may likely witness a slow or even negative growth rate for at least six months from March due to the impact on Covid-19 on manufacture, business and consumption. An analysis of different scenarios reveal that GST revenue for…
Month's GST collections for Andhra Pradesh, West Bengal, Assam crashed due to coronavirus-induced lockdown; Centre's net April collections may drop from Rs 1 lakh crore to between Rs 45,000-55,000 crore Early bird numbers suggest coronavirus-afflicted lockdown has slashed April GST revenue of states such as…
Brief: Taxability on various promotional instruments like gift vouchers, coupons, cards etc. as to what are the nature of the same and what will be the tax implications on the same. Meaning: Some of the instruments are defined as follows: Vouchers: Voucher in terms of…
RCM on services of Directors Section 7 of the CGST Act provides an inclusive definition of supply that includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to…
The Institute of company Secretaries of India has decided to postpone its Exams of June - 2020 session of Foundation, Executive and Professional Programme and Post Membership Qualification due to Covid-19 pandemic and lockdown. The Exams have been rescheduled to be Commenced from 6th…
Ministry of Corporate Affairs has, vide notification dated 29th April 2020, further extended for two months the last date for registration of Independent Directors in the Independent Directors Data Bank i.e. from 1st December to 30th June 2020. Revised rules now states that Every Individuals…