Great news for all Indians! The Government e-Marketplace has now introduced a new category for Medical Equipment to combat the Novel Coronavirus disease aka COVID-19. This is indeed a big relief for the whole nation that is badly hit due to the dreadful COVID-19 and was facing a lack of much needed Medical Equipment to … Read more
The Ministry of Home Affairs (MHA) has now issued new guidelines for Unlock 2.0 or the second phase of relaxing lockdown. These rules are made to allow some more activities to open in the regions outside the containment Zones. Very importantly, these new guidelines for Unlock 2.0, shall come into effect from 1st July 2020. … Read more
The government had recently introduced a new definition for Micro, Small, and Medium Enterprises (MSMEs). This was based on investment as well as turnover. Government Introduces a New Definition of MSMEs However, notification left MSMEs in dilemma on how to compute the investment and turnover figure. This is necessary to find out the correct … Read more
India’s government has now decided to rise Import Duty on Solar Modules. The government will impose 15-25% duty on solar gear imports from China. Importantly, this is to increase the nation’s independence of renewable energy sources and make it totally Atmanirbhar Bharat. How much rise in Import Duty on solar modules? As per the statement … Read more
Now, you will need to pay for ready-to-eat Popcorn 18% GST. The Gujarat Bench of the Authority of Advance Ruling (AAR) has stated that the rate of the GST on popcorn in India should now be raised to from 5% to 18%. Let us understand this new concept GST on popcorn in India. Authority … Read more
Great News! The government has announced that 50,000 Ventilators shall be ready under PM CARES Fund. This will be a huge achievement as regards Make in India drive, for the Indian manufacturers of Ventilators. Indeed, it will be a great relief for the COVID-19 patients who are urgent need of these Ventilators. 50,000 Ventilators … Read more
Another Good news amid COVID-19 is that International flights are likely to resume by mid-July, say sources. Impact of COVID-19 on International flights As we all know, COVID-19 caused the crisis to all nations in different ways. India is also in one of the most affected countries by Covid-19. The economic sector in India … Read more
GST Authority has now said that now overseas sale and purchase of Goods is subject to GST. It is observed that domestic organizations buy goods from foreign countries and sell to other countries. Now those firms who are into export business will have to pay GST on relevant transactions. Even if the firm says that … Read more
Recently, Reserve Bank of India clarifies in the Delhi High Court that Google pay is a third-party app provider. They are not operating any payment system. RBI said that Google pay is not in the list of authorized payment system operators in the list published by the National Payment Corporation of India (NPCI). Many people … Read more
The government has given certain tax reliefs to the taxpayers during COVID-19 Lockdown. The COVID-19 pandemic has an adverse impact all over the globe and sent economies spinning. Indian government is doing its best to revive the economies and has provided some relaxations as regards ITR filing and GST return filing. Here are those key … Read more