The 43rd GST Council meeting majorly focused on providing COVID-19 relief to the taxpayers and patients suffering from the dreadful coronavirus pandemic. The GST council meeting was held in New Delhi on 28th May 2020, under the Chairmanship of Union Finance Minister Smt. Nirmala Seetharaman. The meeting was held via video conferencing, and the finance minister … Read more
In the recent move by the Income Tax department, keeping the pandemic in view, several Due Date of ITR Filing Extended for the year 2020-2021. The extended ITR filing date is a relaxation that aims for individuals and businesses to maintain the business sentiments amidst this pandemic. The extension in the deadline for income tax filing … Read more
ISO certification for the Mining Industry demonstrates the commitment to integrity, continuous improvement, and customer satisfaction. For the mining industry, there are several benefits of having an ISO certification. As we all know, Mining enterprises have a different level of severity, whether detrimental or positive, in their environment. Consequently, it is vital for the mining … Read more
ISO Certification for the News Media Industry is beneficial in multiple ways. Unlike any other organization, media businesses have to meet the expectations of two kinds of customers, i.e., the public/readership and marketers. In addition, Most of them have to meet government standards or regulations that add a new complication. The critical goal of ISO … Read more
APEDA facilitates jackfruit exports from Tripura to the UK, After the successful export of pineapples and lemon to the Middle-East Nations. The Tripura-based exporter sponsored the acquisition of the full-grown jackfruit from the Sepahijala district through the Agriculture and Processed Food Products Export Development Authority (APEDA). APEDA confirmed on Friday the export of the 1,2-ton … Read more
India has registered an export of $30.63 billion in April 2021 as compared to $10.63 billion in the same month of last year reflecting a growth rate of 195.72%. In terms of value in Rs, the total exports were Rs 2, 28,071.76 Crore in April 2021 as compared to Rs 78,951.41 Crore in April 2020. In … Read more
It is a surprising fact that taxpayers are finding GST Compliances complicated, and they are facing many difficulties in timely GST Return filing. As a result, the taxpayers have to face heavy penalties. This fact was revealed when CA Ram Bajaj from Rajasthan filed an RTI to CBIC (Central Board of Indirect Taxes and Customs). … Read more
In what may bring further huge relief to businesses affected by Coronavirus, the GST Council is likely to announce an amnesty scheme. The GST council is meeting after the lockdown has been ordered about the amnesty scheme. This lockdown has influenced state authority GST interests with various reposting dramatic falls in 80 to 90 % … Read more
There are multiple reasons why business owners consider outsourcing bookkeeping and accounting services. Outsource Your Bookkeeping and accounting service were only affordable to large companies. But with the help of technology, things have changed now. Outsourcing your accounting and bookkeeping jobs has advantages that go beyond cost savings. Therefore, in this article, we will read … Read more
There’s a new notification ( No. 10/2021) as CBDT issues Clarification. The taxpayer in India needs to file CIT(Appeal) within 30 days from the date of order of assessment issued. However, due to lockdown, taxpayers are facing timely filing of appeals. Earlier we have seen that CBDT has issued Circular No. 08/2021 on which the … Read more