Business Updates

All about Gumasta License online

All about Gumasta License online

The Gumasta License is similar to the Shop Establishment License. In fact, it is the popular name given to the shop establishment License in Maharashtra. Thus, every business owner must be aware of the Gumasta License and its benefits. Furthermore, you should know all about the renewal and other important points relating to Gumasta License … Read more

All about Shop Establishment license in India

All about Shop Establishment license in India

Every business in India must know all about shop establishment license in India. It is important for every business to have a Shop Establishment License or Registration to start conducting business. Moreover, it is also mandatory for offices and warehouses.  In this article, you will know all about shop establishment licenses in India. What is … Read more

ROC Return due date extended further for FY 2020-21

ROC Return due date extended further for FY 2020-21

Major relief and a piece of positive news for companies incorporated in India. The news is ROC Return Due Date extended further for FY 2020-21. The MCA has notified this through the latest notification in continuation with the previous notification announced in October 2021. The ROC had earlier extended the due date for company annual … Read more

Know all about the new CHIMS Registration in India

Know all about the new CHIMS Registration in India

An important update for Importers in India. The DGFT (Directorate General of Foreign Trade) has launched a new mandatory CHIMS registration. This registration applies to all the importers in India importing several electrical goods such as Integrated Circuits, processors, etc. The Government is planning to improve the internal structure as well as manufacturing business of … Read more

MCA extended due dates for Company Annual Filings

MCA extended due dates for Company Annual Filings

An important and positive news for incorporated companies. The news is that MCA Extended due dates for company annual filings. Earlier, Company’s annual filing is due on 30th October 2021 for the financial year 2020-21. Now, it’s a big relief to the companies this Diwali. Since the due date for filing ROC forms extended further … Read more

LLP ROC form 8 Due Date Extended for FY 2020-21

LLP ROC form 8 due date extended for FY 2020-21

Good News for businesses having an LLP Registration. The news comes from the Ministry of Corporate Affairs. As per the latest notification, There is special relaxation for Limited Liability Partnership companies as they were facing several challenges due to COVID-19. This notification is also part of a relaxation scheme given to MSMEs doing business through … Read more

GST on Ice Cream sale in Parlors clarified

GST on Ice cream sale in parlors clarified

There was a long time confusion whether to pay GST at the rate of 5% or 18% on sale of ice cream in specified ice cream parlors.  Accordingly, CBIC has issued the clarification circular on GST on Ice cream sale in parlors. In this article, we will understand the latest updates regarding GST Taxation on … Read more

IE Codes license Deactivated, if not Renewed

IE Codes license Deactivated, if not Renewed

A critical news for exporters and importers in India. The news related to IE Codes. With effect from October 6, the Ministry of Commerce has decided to deactivate all Importer-Exporter (IEC) codes that have not been updated since January 2005, an action that will aid in accurately assessing the number of legitimate exporters and importers … Read more

ROC Due Date Extended for AGM of FY 2020-21

ROC Due Date Extended for AGM of FY 2020-21

A massive relief for companies as ROC due date extended for AGM of FY 2020-21. This latest MCA announcement comes in response to requests made by several companies and other stakeholders. The companies across the nation were requesting an extension of time for the conduct of the FY21 AGM due to covid. Furthermore, The representations … Read more