According to a press release, the family pension, which was previously solely payable in the event of death. Due to an occupational accident, has now been expanded to include death due to Covid-19. As a result, the employee’s family members will be eligible for a family pension equal to 90% of the dead employee’s average … Read more
GST (Goods and Services Tax) is an indirect tax. Established in India in 2017. This tax is collected at the point of sale and is split between the state and the federal government. It is a comprehensive method of taxing. For both commodities and services at a uniform rate. Businesses with a turnover of more … Read more
Entering as Startups are the dream of many young entrepreneurs. However, running a startup isn’t a simple task. Like established businesses, startups also need to address legal compliances, take care of their quality standards and implement better management. Thus, here startups also implement ISO Certification to be successful in the long run. One of the … Read more
All stakeholders must note GST is chargeable on Transfer of Leasehold Rights. As per the latest notification by AAR(Authority for Advance Ruling), GST should be levied while transferring Leasehold rights. Thus it is an important notification as many people aren’t aware about the GST Rate and its applicability on transfer of Leasehold Rights. In this article, … Read more
The AAR Gujarat has a new update for Lassi Businesses. The update is that Lassi is exempt from GST. AAR(Authority for Advance Ruling) Gujarat clearly states that Lassi is exempt from GST when a Valsad-based manufacturer and supplier of the product approached it for the applicable GST rate. In this article, we will understand this … Read more
A monthly authentication report of GSTR 3B Return Filing to be filed with GSTR 1 and GSTR 2 return forms by a registered GST merchant. GSTR 3B Return Filing is a simple return report that summarizes a tax period’s GST responsibilities. Under Section 39 of the 2017 Central Goods and Services Tax Act, every taxpayer … Read more
A piece of good news for insolvency professionals as the central government has increased its powers. Professionals can now verify the income tax returns of bankrupt companies. Furthermore, It is also the duty of professionals to comply with the regulations set forth for certain company tax returns that are governed by income tax (24th Amendment) … Read more
Sample of 24.58% of the foodstuff items put up for sale in the marketplaces across the nation. It has not been established to be up to the normal during the examination; approximately 3.8% of the foodstuff items sold openly in the marketplace have turned out to be insecure. Besides, this article will give you vital … Read more
A piece of good news for Indian entrepreneurs as Facebook launches ‘Small Business Loans Initiative’ in India. This Initiative is currently exclusive to Indian Small Enterprises. The initiative will have a significant impact on MSMEs and thus on the Indian Economy as well. In this article, we shall discuss the latest news by Facebook launching the … Read more
Good News for India as the export of APEDA products rises significantly. Despite the COVID-19 induced several movement restrictions, India continues to achieve record exports of more than 44.3%. The record is in the export of agricultural and processed food products in April-June (2021-22). Interestingly, India achieved this record of more exports in 2021-22(April-June) in … Read more