The Government has announced the Special economic & comprehensive relief package of ₹20 lakh crores. This package is to provide relief and credit support to the MSME businesses and to revive the Indian Economy that has badly hit due to the COVID-19 lockdown. The motive is to create an “Atmanirbhar Bharat” in the battle against … Read more
The Government has exempt GST on PPE kits, and this has both negative & positive sides. As we all know the Coronavirus pandemic is unceasingly growing and no vaccine has been developed as yet. One of the essential commodities during this time is the PPE kit. The government has exempt GST on PPE kits. However, … Read more
Telangana has become the first state in the country to extend the lockdown till 29 May. The Chief Minister of Telangana Sh. K. Chandrasekhar Rao announced his decision to extend the lockdown. Further, Rao stated that the Public should buy all of the essential items by 6 pm and they must reach their residences. After … Read more
Central Board of Direct Taxes (CBDT) has recently clarified on the residential status of NRIs staying in India during Lockdown. The COVID-19 lockdown has not only brought businesses to a halt but has also changed the way of life. Besides, some important legislative changes have taken place in the past few days. Recently a change … Read more
The Tax department has announced on 8th May 2020 that Shri Ram Janambhoomi Teerth Kshetra Trust has been placed under section 80G of the Income-tax Act 1961. With that, any donation made to the Ram Janambhoomi Teerth Kshetra Trust will be totally tax-exempted under the provisions of section 80G of the Income Tax Act for … Read more
Delhi government has now decided to start the e-token system for buying liquor, in order to reduce the massive crowds outside Delhi liquor shops. As we know, the liquor shops were reopened on 4th May after the Lockdown due to COVID-19 was extended till the 17th of May. A huge crowd was witnessed at the … Read more
India has recently witnessed 2 severe cases of work-place accidents, as several people of Visakhapatnam (AP) and Raigadh (Chhattisgarh) have died due to gas leak from factories on 7th May. The infrastructural development of any nation is not perceivable by the kind of structures built over there, but by the safety of the residents living … Read more
The GST department has now extended the due date of filing GSTR-9 & 9C for all the taxpayers having the annual turnover of INR 5 crore. As we know, the entire world is facing the blight of the Novel Coronavirus pandemic, or the COVID-19. The increasing number of cases of Coronavirus infection is a matter … Read more
The apex food safety regulator FSSAI has announced that processing of FSSAI registration & Licenses will be done through e-inspection. Recently, FSSAI had updated on concerns about the manual handling of FSSAI License Applications. The Food licensing authority has now come out with a solution in the form of the e-assessments method, during the lockdown … Read more
The Government has introduced various GST relaxations amid the Lockdown 3.0 that will continue till 17th May 2020. As we know that the world is caught into a great economic depression due to the COVID-19 pandemic. Due to the adverse impacts of the economic recession on the Indian small businesses during COVID-19 lockdown, the Indian … Read more