An urgent reminder to GST taxpayers: start doing GST Return Filing immediately or face the risky hindrance in your business operations. The recent notification will have a significant impact on taxpayers because the E-Way Bill generation blocking facility is now in effect. In this article, we will understand about the government’s most recent update as … Read more
There is a piece of good news as FSSAI and MoFPI sign MoU. The FSSAI is continuously working in various aspects of the food industry to make it better. The latest updates of FSSAI on Signing MoU with MoFPI are important to know for everyone and especially MSMEs. Let’s understand the latest news of FSSAI … Read more
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) declared that the Western Union is to do ITR Filing for profits earned in India. The business of the assessee includes the transfer of money across international borders: the assessee, a US company, deals in the business of rendering money transfer services In this article, … Read more
A positive news for businesses having MSME Registration as the Government extends ECLGS Scheme. To help Covid-affected MSMEs even more, the Centre announced on Wednesday an extension of its Emergency Credit Line Guarantee Scheme (ECLGS). This article discusses all the details of the latest notification by the government on ECLGS Scheme. What is MSME Registration? … Read more
The Goods and Services Tax (GST) department will continue its campaign this week to raise awareness about GST laws among local businesspeople and check unregistered companies in the Dehradun region. In this article, we will read the latest news that the GST Department may target unregistered businesses for their awareness program. We will also understand … Read more
The Union MSME Ministry’s growing Digital MSME registration cross 50 lakh mark on Udyam portal, which went live on July 1, 2020, has proven to be an achievement, with more than 50 lakh MSMEs having effectively got MSME Registration. Around 47 lakh micro organizations and 2.7 lakh small units are among them. This article shall … Read more
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