GST Collections in Sept surpassed 1.17 lakh crores. It is a 22.5 percent year-on-year increase, the fourth-highest collection since its inception on July 1, 2017, and the second-highest in the current fiscal year. The GST Collection in September indicates a successful transition of commercial activities following the second wave of the Covid-19 pandemic as well … Read more
The existing foreign trade policy (FTP) from 2015 to 2020 that is applicable up to 30 September will now be up to 31 March 2022, the DGFT (directorate general of foreign trade) said in the notice. After the coronavirus outbreak, the policy was 1st delayed by a year to the end of 2020 march and … Read more
The Income Tax Appellate Tribunal (ITAT) Chennai bench recently ruled that a single trade of sale and purchase of equities cannot be classified as a commercial activity to levied ITR Filing on a citizen. In this article, we shall discuss the latest notification relating to the single transaction of Buying and Selling of Shares can’t … Read more
According to information available from the Bhiwandi commissioner, a man from Andheri was detained on a charge of the proprietor in tax credit fraud in unlawful business operations, such as fraudulent receipts, to claim Rs 9.95 crore in Input Tax Credits (ITC) as director of four enterprises. In this article, we will read the latest … Read more
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
A great moment for Army Dental College in India. The college has received two ISO Certifications. Recently, The ISO 9001: 2015 and ISO 14001:2015 Certification was awarded to the Army College of Dental Sciences (ACDS), Secunderabad. Thus, this article discusses the important information relating to ISO Certification for Army Dental College. We will also understand … Read more
The CBIC (Central Board of indirect taxes and customs) directed the GST ( Goods or service tax) networks to waive off delayed fees or interest for a single day owing to technical glitches during the GSTR-3B filing return. The article discusses the latest news on GST late fee may waive off on delayed filing of … Read more
The Department of MSME felicitated sixty-five exporters from UP for their involvement in entire exports from the state. The occasion took place on the ending day of a 2-day state-level business fiesta, planned by MSME, in organization with FICCI in Lucknow as the part of commerce festival (Vanijya Mahotsva) and departments of export encouragement. The … Read more
Are you a vegan? Good news for you. You no longer need to spend more time identifying and differentiating vegan food from non-vegan food. The government of India has now acknowledged and given recognition to vegan products. The Food Safety and Standards Authority of India (FSSAI) has recently introduced a new logo for vegan food … Read more
Wonderful news for businesses as Flipkart signs MoU with Tamil Nadu Government. This news is a great opportunity for businesses to have MSME Registration. Walmart and Flipkart inked a memorandum of understanding (MoU) with Tamil Nadu’s Department of Micro, Small, and Medium Enterprises (MSME) on Wednesday to develop long-term collaboration for capacity building support to … Read more