The date of the fourth to-be-paid instalment for Advance Tax collection has ended on March 15. And, the collection for Corporate Tax and Income Tax has turned positive. Besides, a shortfall of 4% has been observed in the net direct collection against 9% as in January to 13% in the 3rd instalment to be paid … Read more
Nirmala Sitharaman, India’s finance minister, announced some significant changes in income tax rules while presenting the Union Budget 2021. The changes are expected to bring relief to India’s salaried population and will come into effect starting April 1, 2021. Let’s take a look at some of these Significant Changes in Income Tax. Income tax rates … Read more
As we know the automobile industry in India is one of the fastest and fastest-growing sectors and constitutes 27 per cent of the industrial gross domestic product (GDP) and 49 per cent of manufacturing GDP. The auto industry furnishes jobs to approximately 37 million people directly and indirectly. In this article, we will discuss GST … Read more
A piece of good news for everyone, APEDA launches its first Virtual Trade Fair. APEDA launches its first trade fair to boost the export of agricultural and processed food products. Launched on March 10, 2021, by the Agricultural and Processed Food Products Export Development Authority (APEDA), it was concluded on March 10, 2021. APEDA Registration … Read more
In June month of 2017, the government took away the status of MSME from about 8 crores wholesale as well as retail traders. Now, the Confederation of All India Traders (CAIT) has come forward and demanded the restoration of taken Micro, Small & Medium Enterprise (MSME) status from these traders who are part of the … Read more
When implementing a Quality Management System (QMS) or ISO Certification for the aerospace industry, you may come across conflicting information about whether to use ISO 9001:2015 or AS9100 Rev D. It is important to note that AS9100 Rev D is explicitly written for the aerospace industry. In contrast, ISO 9001:2015 is intended for use by … Read more
The State Government has announced the notification for employees state insurance corporation. Further, the State governments are also to reimburse the Employees State Insurance Corporation (ESIC) for the medication of non-ESI beneficiaries at the ESI hospitals that were proclaimed COVID-19 hospitals last year, the Labour and Employment Ministry. In this article, we will discuss States … Read more
In today’s industrialized world, consumers encounter trademarks in their daily lives. Many Customers subconsciously associate these trademarks with the items rather than the labels. It also prevents the company’s name from being misappropriated by anyone. In this article, we will discuss the trademark class 35 and it’s importance. Understand Trademark Trademarks are similar to a … Read more
GST was introduced because there was a growing need to replace innumerable indirect taxes in India, such as excise duties, service taxes, VAT, etc. The GST Act came into effect on the 1st of July 2017, This post will highlight some of the broader aspects related to GST exemption and examples of services that are exempt … Read more
According to estimates, India’s GDP is expected to grow over the next few years considerably. The government is also extensively focussing on its ‘Make in India’ initiative promoting domestic manufacturing. As such, MSMEs in India is poised to witness an expansion. In turn, this will lead to a rise in the demand for digital services. … Read more