The Ministry of Corporate Affairs (MCA) has announced an extension of time for filing 45 company e-forms, including PAS-03 and SPICe+ Part A, in MCA v3 Portal with no additional late fee. The circular issued by the MCA on 21-02-2023 provides relief to companies that were facing difficulties in filing these e-forms within the original … Read more
Foreign remittance is the transfer of money from one country to another. It is a common practice for people who work or live abroad to send money to their families or friends back home. However, with the new tax rules coming into effect from July 1, 2022, it is important to understand how the taxation … Read more
Professional tax is a direct tax imposed on all types of professions, trades, and employment in proportion to an individual’s income. As per Article 276 of the Constitution, the responsibility of levying profession tax lies with the state governments. That’s why it differs from state to state. Each state has different rules and regulations for … Read more
Usually, ITR filing forms for a particular financial year are notified by the end of March or early April. However, considering the amendments in the Income-Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023. … Read more
On February 18, 2023, the 49th GST Council convened in New Delhi under the leadership of Smt. Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs. In attendance were Union Minister of State for Finance Shri Pankaj Chaudhary, finance ministers from states and union territories with legislatures, as well as senior officials from the … Read more
Every business having GST Registration must display a GST Registration Certificate at their business places. There are also rules to display GSTIN. This may seem only a small requirement, but ignoring it can result in huge penalties and therefore, you must know all about the display of GST Registration Certificate and Penalties. GST Laws on … Read more
Facebook Ads, also known as Meta Ads, is a popular advertising platform that lets companies and individuals market their products and services to a vast number of internet users. Facebook charges advertising fees which you can pay from Facebook Ads Account through various payment modes such as credit or debit card, Netbanking, Paytm Wallet, Facebook … Read more
Google Ads is a prominent advertising platform that allows businesses and individuals to promote their products and services to a large number of people who are searching the internet. Google Ads operates as a business in India charging advertising fees for showing ads at top of google search results. Google charges payment on an automatic … Read more
Finance Minister Nirmala Sitharaman stated at a Confederation of Indian Industry (CII) event that the matter of GST Rate on Cement will be investigated and, if necessary, referred to the GST fitment committee. Let’s read about the latest updates on the 28% GST Rate on Cement which may be revised soon through this article. Finance … Read more
The manufacture of eye drops at the Chennai-based business has been halted by India’s Central Drugs Standard Control Organization (CDSCO) after the US FDA reportedly connected 55 adverse event instances to contaminated eye drops. Let’s read the latest updates for this news. US FDA suspends eye product production at Global Pharma site The Food and … Read more