According to a press release, the family pension, which was previously solely payable in the event of death. Due to an occupational accident, has now been expanded to include death due to Covid-19. As a result, the employee’s family members will be eligible for a family pension equal to 90% of the dead employee’s average … Read more
All stakeholders must note GST is chargeable on Transfer of Leasehold Rights. As per the latest notification by AAR(Authority for Advance Ruling), GST should be levied while transferring Leasehold rights. Thus it is an important notification as many people aren’t aware about the GST Rate and its applicability on transfer of Leasehold Rights. In this article, … Read more
The AAR Gujarat has a new update for Lassi Businesses. The update is that Lassi is exempt from GST. AAR(Authority for Advance Ruling) Gujarat clearly states that Lassi is exempt from GST when a Valsad-based manufacturer and supplier of the product approached it for the applicable GST rate. In this article, we will understand this … Read more
A piece of good news for insolvency professionals as the central government has increased its powers. Professionals can now verify the income tax returns of bankrupt companies. Furthermore, It is also the duty of professionals to comply with the regulations set forth for certain company tax returns that are governed by income tax (24th Amendment) … Read more
Sample of 24.58% of the foodstuff items put up for sale in the marketplaces across the nation. It has not been established to be up to the normal during the examination; approximately 3.8% of the foodstuff items sold openly in the marketplace have turned out to be insecure. Besides, this article will give you vital … Read more
A piece of good news for Indian entrepreneurs as Facebook launches ‘Small Business Loans Initiative’ in India. This Initiative is currently exclusive to Indian Small Enterprises. The initiative will have a significant impact on MSMEs and thus on the Indian Economy as well. In this article, we shall discuss the latest news by Facebook launching the … Read more
Good News for India as the export of APEDA products rises significantly. Despite the COVID-19 induced several movement restrictions, India continues to achieve record exports of more than 44.3%. The record is in the export of agricultural and processed food products in April-June (2021-22). Interestingly, India achieved this record of more exports in 2021-22(April-June) in … Read more
The FSME India requested Prime Minister Narendra Modi to provide a supplementary special package worth Rs. 5 lakh crore for the MSME sector’s revival as soon as possible. A variety of initiatives have been made to assist the companies having MSME Registration. However, because the Covid-19 crisis has ruined the market, there is a lot … Read more
On Wednesday the Federation of Indian Export Organizations (FIEO) claimed that the Taliban – again after more than two decades – cancelled all imports and exports to India, taking control of Afghanistan’s capital Kabul. This is important news and can impact the prices of dry fruits. In this article, we will discuss the latest news … Read more
After conducting investigations at sites connected to an organization involved in the sale of telecom equipment, the Income Tax Department uncovered massive illicit exports of pharmaceuticals from India to China, officials said. In this article, we will discuss this latest news of Income Tax dept detects illegal export of medicines in detail. Illegal export of … Read more