As we know, Agriculture plays a fundamental role in the Indian economy. It is a significant sector of the Indian economy as it renders about 17% of the whole GDP and furnishes employment to over 60% of the population. Also, it generates good profit opportunities for the farmers and other private sector players who have … Read more
The Central Board of Indirect Taxes and Customs (CBIC) has proposed a new rule to provide restrictions on utilization of the amount available in electronic credit ledger. Rule 86B is already made effective from 1st January 2021. In this article, we will discuss Rule 86B on Input Tax Credit and Its Impact In GST. Rule … Read more
A statement issued by the Food Safety and Standards Authority of India implies that proper cooking inactivates the bird flu virus present inside meat and eggs. By spreading the bird flue meat and egg industry has adversely impacted. In this article, we will cover the FSSAI new notification on Properly Cooked Poultry Meat, Eggs Safe … Read more
The CBIC has published the decision to mandatory declare the HSN code for goods and the SAC code for services was taken in 42nd GST Council Meeting held on 5th October 2020. In this article, we will discuss on Declaration of HSN Code for Goods and Services. Declaration of HSN Code for Goods and Services … Read more
A recognized trademark not only addresses the trademark owner with the adequate right to use the mark but also authorizes the owner to restrict others from using a related mark that can be tough for the general public. With trademark registration, one can strengthen the business. Trademark Application has been categorized under 45 various classes … Read more
As we know, APEDA is an Agricultural & Processed Food Products Export Development Authority which is the organization of the government founded in 1985. Also, it aids to provide financial assistance, proper guidelines towards the extension of the scheduled product. In this article, we will discuss the Scheduled Products Under APEDA. Know about APEDA Registration … Read more
For the one more time, GST acquisitions in December reached over Rs 1.15 lakh crore, crossing Rs 1 lakh crore targets since November and October this year. In this article, we will discuss on GST collection December 2020. GST collection December 2020 The Central Government has proclaimed the gross GST revenue collected in December 2020 … Read more
The Department of Expenditure has issued the statement for the twelfth weekly instalment of Rs 6,000 crore to the States and Union Territories to reach the GST compensation shortfall. In this article, we will discuss on 12th GST compensation shortfall Instalment of Rs. 6000 cr. 12th GST compensation shortfall Instalment of Rs. 6000 cr The … Read more
The CBDT has announced in a statement that the Income Tax Department has exposed undisclosed revenue of over Rs 450 crore after it raided some Kolkata-based entities involved in several businesses. In this article, we will discuss on ₹ 450 Crore concealment detected in IT searches in Kolkata. ₹ 450 Crore concealment detected The Income … Read more
CBIC has issued the notification for the Aadhaar Authentication facility, which has now available on Goods and Service Tax (GST) Portal. Also, it will help the taxpayers to authenticate Aadhar of Partner, Promoter and Primary Authorised Signatory. In this article, we will discuss on Aadhar Authentication for Existing GST. Know about Aadhaar Authentication Aadhaar authentication … Read more