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
Currently, the world is suffering from COVID-19 pandemic. This pandemic caused lockdown or house arrest across the world for individual safety. However, customers didn’t stop purchasing products, not from the physical market but online. Although post lockdown, people still prefer to purchase all necessary things online rather than offline, as the online purchase is safe … Read more
The Union Finance Minister Nirmala Sitharaman, while proposing Union Budget 2021 had announced a new simplified income tax regime to make some relaxation to the salaried class. The income tax changes, that have an effect on the salaried class will come into effect from April 1, 2021. In this article, we will discuss on Rules … Read more
The existing tax provisions provide that the interest received/accrued from an employee’s provident fund (EPF) be exempt from taxes. The new PF rules will indisputably impact employees in the high-income bracket. In this article, we will discuss New PF Tax Rules from April 1 – Here’s How It Will Impact You New PF Tax Rules … Read more
Small business accounting is an organized method which assists in maintaining track of the financial movements of a company. However, in an attempt to regulate accounting in-house, it is not uncommon for small businesses to make accounting mistakes. In this article, we will talk with the Accounting Mistakes That Put Your Small Business at Risk. … Read more