Major Setback To End Consumer: Gold Will Become Expensive!
The price of gold and silver jewelery may increase. The GST Fitment Committee has proposed to increase the rates of GST. The committee has said that the goods on which...
PLI scheme for the Pharmaceutical Sector
“Worth Rs 15, 000 crore incentives for Pharma Industry” A Production-Linked Incentive, or PLI scheme, provides incentives in the form of tax rebates, import and export duty concessions, or maybe...
All about Reverse Charge Mechanism (RCM) under GST with All Aspects
Definition of RCM : Section 2(98) of the CGST Act, 2017 has defined the term “Reverse Charge” and the same is reproduced as follows: “reverse charge” means the liability to pay tax...
Learn About The All New GSTR-1 On GST Portal
A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would enable the Saving of the GSTR-1 details...
Sovereign Gold Bond Scheme 2021-22 (Series VIII) – Issue Price
In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated October 21, 2021, Sovereign Gold Bonds 2021-22 (Series VIII) will be opened for subscription during the period November 29- December 03,...
Comparison Chart Of GST Rate Change From 1st January 2022
Comparison chart of GST tax rate change on garments/ textile/ articles of appearance from 1st January 2022 Prepared By: CA Swapnil Munot
DRAFTING OF PROFIT AND LOSS ACCOUNT AND BALANCE SHEET OF PROPREITORSHIP CONCERN
DRAFTING OF PROFIT AND LOSS ACCOUNT AND BALANCE SHEET OF PROPREITORSHIP CONCERN In this Current Scenario of Indian Economy, banks have received ample deposits which they are offering to peoples...
CMA DATA FOR BANK LOAN: CREDIT MONITORING ARRANGEMENT
CMA DATA FOR BANK LOAN: CREDIT MONITORING ARRANGEMENT In these Scenarios of Post Transitional Phase of COVID 19 , to manage the working capital requirements, entrepreneurs are moving towards bank...
E-QUICK REFERENCER ON TAXATION CAPSULE:- ANNUAL INFORMATION STATEMENT
E-QUICK REFERENCER ON TAXATION CAPSULE:- ANNUAL INFORMATION STATEMENT 1. Basic About this Document The objective of this document is to develop common and shared understanding related to Annual Information...
Cancellation of GST Registrations on Hyper Technical Grounds Will Lead to Revenue Loss And Unemployment- Calcutta High Court
In the case of M/s. CIGFIL Retail Pvt. Ltd. vs Union of India & Ors., the Calcutta High Court has held that: "Considering these facts as well as in view...
VENTURE CAPITAL: A FINANCE DRIVER FOR START UP IN INDIA
Venture Capital is a Sort of Private Equity or a Form of Financing that is Provided by firms to emerging firms that are deemed to have high growth potential and esteemed...
Update: ESIC Extends Payment of ESI Contribution for the month of Oct, 2021. details here
ESIC Extends Payment of ESI Contribution for the Month of October, 2021 from 15th November, 2021 to 30th November, 2021. Read more: ESIC Extends Date of Filing of ESI Contribution...
Date Of Seeding And Verification Of Aadhaar With UAN Further Extended
Informed that the date of completing the seeding and verification of Aadhaar with UAN, is hereby extended till 30.11.2021 and accordingly. ESI payment extended upto 30.11.21 instead of 15.11.21
Findings Of Incriminating Material And Undisclosed Income Post Income Tax Search- A Study
Introduction: Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses...
Today is the Last Date for Income-tax & Statutory Laws Compliance
Today’s Due dates: 15.11.2021 Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due Dates 1Due date of TDS Certificate in case of Tax deducted in case...
How to save capital gain tax on sale of House Property?
Exemption related to Capital gain. Sec 54,Sec 54EC, Sec 54GB How to save capital gain tax that arise from sale of House property. provisions relating to sec 54? 1. Basic...
Hyderabad man for running fake GST Input Tax Credit racket
Officials from GST Intelligence, Visakhapatnam, have arrested a 34-year-old man from Hyderabad, who allegedly masterminded the Rs 31 crore fake input tax credit racket, He was remanded to judicial custody....
MCA & IEPFA further simplifies IEPFA Claim Settlement Process
Ministry of Corporate Affairshas further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 with the...
Important Information From IndusInd Bank: New RBI Guidelines On Recurring Payments
What is the impact of new RBI guidelines on my current Standing instruction (SI) set up on my cards? We may have allowed merchants to auto-charge our Credit Card /...
All You Need to know about MSME Compliances
MSME (Micro Small and Medium Enterprise) is the pillar for the economic growth in many developed and developing countries across the world. These micro small and medium enterprises help in...
Tax Concept’s Representation Seeking Extension Of Due Dates For Filing GSTR-1/ IFF For The Month Of October 2021 Due To Festivals Like Dhanteras, Deepawali And Chhath Puja
Ref.: TC/GST/21-22/1 Date: 09.11.2021 To, The Central Board of Indirect Taxes and Customs, North Block, New Delhi- 110001 Sub.: Request for extension of due dates for filing GSTR-1/ IFF for...
Government announces Excise Duty reduction on Petrol and Diesel on the eve of Diwali
Excise duty on Petrol and Diesel to be reduced by Rs. 5 and Rs. 10 respectively from tomorrow Prices of Petrol and Diesel will come down accordingly Reduction in excise...