India records highest ever exports in June Quarter

India records highest-ever exports in June quarter

Good news for Indian exporters as India records the highest-ever exports in June Quarter. This had been a significant victory for businesses having MSME Registration, APEDA Registration, and FIEO Registration. The reason is the government took many decisions and executed many plans to boost the export business. In this article, we will know about India … Read more

FIEO partners with Aramex India to support MSME exporters

FIEO partners with Aramex India to support MSME exporters

FIEO partners with Aramex India to support MSME exporters is good news for all the MSMEs. The collaboration happened last Saturday and both the parties have signed a memorandum. The partnership will positively impact cross-border shipments and boost the speed of exports. Therefore, in this article, we will read about FIEO partners with Aramex India to … Read more

GST on Cryptocurrency? Overseas exchanges may face 18% tax

GST on Cryptocurrency Overseas exchanges may face 18% tax

India is among the countries where cryptocurrencies are not considered assets and, therefore, not liable for capital gains tax. The department of indirect taxes has asked some Bitcoin exchanges to provide information regarding their customer bases to determine whether or not they should be required to pay GST on Cryptocurrency on specific services along with … Read more

QRMP Scheme Changes implemented on GST Portal for the taxpayers

QRMP Scheme Changes implemented on GST Portal for the taxpayers

The CBIC has introduced the QRMP Scheme. The QRMP scheme changes are now implemented on the GST Portal for the taxpayers. The QRMP scheme primarily focuses on helping taxpayers having a turnover of less than Rs. 5 Crores. Therefore, it is an important update for MSMEs. In this article, we will look at QRMP Scheme … Read more

ASCI, FSSAI Collaborate against misleading Foods & Beverages ads

ASCI, FSSAI collaborate to curb misleading claims in foods & beverages ads

The ASCI and FSSAI in collaboration to curb misleading claims in foods & beverages ads. There had been several complaints against F&B ads amid the covid-19 pandemic. Therefore, to spread awareness among the general public and ensure the right information, the FSSAI is partnering with ASCI to team up against misleading F&B ads. In this article, … Read more

GST Collection in June 2021 Slips Below Rs 1 Lakh Crore

GST Collection June 2021 Slips Below Rs 1 Lakh Crore

The GST Collection in June 2021 is shocking and was expected figures at the same time. It is estimated that GST Collection in June 2021 has fallen significantly. Experts estimate that the reason is, of course, none other than lockdown due to Covid-19 Crisis. As we all know, most of  India was under lockdown due … Read more

CBDT issues guidelines for Taxing Partnership Firms on its Reconstitution

CBDT issues guidelines for Taxing Partnership Firms on its Reconstitution

Recently, The CBDT issues guidelines for taxpayers under section 9B. The new notification by CBDT sets new guidelines for taxing partnership firms in India. Therefore, everyone needs to know the new taxation rules to make the right decision while dissolving or reconstituting the company. In this article, we will read about CBDT issues guidelines for … Read more

5 Important updates for Employees Provident Fund subscribers

5 Important updates for employees provident fund subscribers

Important updates for Employees provident fund subscribers again, relating to reliefs amid pandemic. Taxpayers and people having EPF Registration must note these new updates. These latest EPFO updates include a second Covid-19 advance to non-refundable advance from the EPF account.  These updates are very crucial for anyone as these can help people fight covid-19 and … Read more

DGFT Extends Deadline for IEC Renewal

DGFT extends deadline for updation of IEC on Annual Basis

DGFT extends the deadline for updating of IEC on an Annual Basis as many registrants were missing the deadline. As we know, the second wave of the Coronavirus pandemic hit India very hard. Most of India was under lockdown. Therefore, businesses face many difficulties to update IEC. In this article, we will discuss DGFT extends … Read more

MCA extended time for ROC return filing for Companies and LLP

MCA extended time for ROC return filing for Companies and LLP

MCA extended time for ROC return filing for Companies and LLP is a massive relief for companies. As most of us know, the stakeholders are facing many difficulties amid the coronavirus crisis. Moreover, several stakeholders requested MCA to extend the deadline for return filing.  In this article, we will understand the notification of MCA extended … Read more