Important update for taxpayers as the Government has announced a New Functionality on Annual Aggregate Turnover. The new functionality is deployed on the GST Portal for the convenience of Taxpayers. As a result, it will facilitate taxpayers in several ways. In this article, we will read New functionality on Annual Aggregate Turnover deployed on GST … Read more
Employee Provident Fund (EPF) is a retirement-oriented program for salaried employees backed by the government but now the EPF Withdrawal becomes taxable. Income tax has the effect of influencing contribution amounts, interest, and the ability to take out one’s balance. Concerning the additional tax on early-withdrawal EPF, employees consider it much more important when they … Read more
On 19th July, FSSAI assigned the Food Product category 18 in the food safety compliance system (FoSCoS). It stats under General Manufacturing kind of business. Moreover, this has been introduced to comfort FSSAI registration of small and medium food businesses. In this article, we will discuss FSSAI issues directions for FBOs manufacturing Indian sweets & … Read more
For the last couple of days, union FM has been holding review meetings. Initially, to check the pending Micro, Small, and Medium Enterprises payments. Finance Minister Nirmala Sitharaman said, “I am personally monitoring and assisting in the case.” MSME registration portal is open to all MSMEs. In this article, we will discuss Government committed to … Read more
The Centre has started a comprehensive review of the Goods and Services Tax (GST) law, as well as different GST rules. It is to offer clarification on concerns that have arisen since the levy’s implementation in July 2017. In this article, we will look at the Centre begins review of legal issues in GST. What … Read more
Good news for Exporters in Ladakh having APEDA Registration. The piece of good news which relates to APEDA collaborates with Ladakh Officials. APEDA(Agriculture and processed food production export Development Authority) is well known for organizing various events and programs to boost agricultural exports in India. Therefore, Having an APEDA Registration benefits many. In this article, … Read more
The income tax department on Saturday claims that the Dainik Bhaskar group allegedly evaded taxes of Rs 700 Crore over a time span of 6 years. On conducting a raid it is found that Bhaskar evaded such a tremendous amount of taxes by fake companies assigned to their employee’s names to “book bogus expenses” and … Read more
As per the statement of the Finance Ministry India, the Govt collects Rs 2.41L cr from income tax as a direct tax in the first quarter of 2021 i.e. April to June. In the same period, the government of India has collected Rs.1.01 lakh crore on excise duty. At Lok Sabha, the finance minister Mr. Pankaj … Read more
A step-by-step guide to file income tax returns Online & Offline is going to be very helpful for all of us. As we all know, ITR filing is mandatory for every salaried person having an income of over 2.5 Lakhs. Furthermore, if you have no tax liability, even then you have to file ITR. However, … Read more
APEDA (Agricultural or Processed Food Products Export Development Authority) and BEDF (Basmati export development foundation) have taken a pioneering step to sensitize farmers. APEDA and BEDF train farmers to develop high-quality rice. As an initiative, the Basmati export development foundation in connection with rice exporters’ connection with UP has established a consciousness campaign. It helps to … Read more