The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail. Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … Read more
International Yoga Day 2020 will be observed as ‘yoga at home’ keeping in mind proper social distancing rules on 21st June. This is due to the COVID-19 pandemic. Indeed this is the first time in the past 6 years since the 1st International Yoga Day was celebrated, that all of us will be practicing Yoga … Read more
Our Honourable PM Sh Narendra Modi has launched ‘Garib Kalyan Rojgar Abhiyaan’ on 20th June 2020. The total value of this package is ₹50,000 crores. Motive of PM Garib Kalyan Rojgar Abhiyaan Recently, the PM Garib Kalyan yojana cover was given for urban poor, who were hit due to the COVID-19 crisis. The objective … Read more
The Government has asked to not use any Chinese telecom equipment during its 4G upgradation by the Department of Telecom (DOT). In the view of the country’s security the sources of government have told the ministry has decided to “firmly tell BSNL” not to use Chinese equipment. Even the private telecom operators are to urge not … Read more
In view of the COVID-19 outbreak, the Government has granted companies an additional 180 days to file the Declaration of CoB in the Form INC-20A. Time-limit to file Declaration of CoB Raised As per the Companies Act 2013, every newly incorporated company is required to file a declaration of commencement of business (CoB) in … Read more
On 18th June 2020, Wednesday, the MHA announced that from now the testing of COVID-19 will be done using a brand-new methodology that is Rapid Antigen test. Every day the corona cases are increasing in huge amount and it is only giving us chill. However, after millions of trials, we can finally see a ray … Read more
Central Board of Direct Taxes (CDBT) has recently notified the Cost Inflation Index (CII) for FY 2020-21. Cost Inflation Index for Financial Year 2020-21 Central Board of Direct Taxes (CDBT) has notified the Income Tax Cost Inflation Index for FY 2020-21 or AY 2021-22 at 301. Read the CBDT Notification. Now, we understand the concept … Read more
Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more
The Airtel Payments Banks will now provide a new salary account, Suraksha Salary Account, to the MSMEs. Financial problems are not only been faced by migrants but many enterprises too. To help them, big businesses are coming forward and trying to make their life easier in many ways. MSME Suraksha Salary Account The salary account … Read more
Currently, the alarming Condition of COVID-19 in Mumbai & Delhi is apprehensive for the whole nation. Delhi and Mumbai – two of the most prominent and happening metro cities are screwed up because of the Coronavirus pandemic and every individual is praying to get rid of this as soon as possible. Also, the government is … Read more