Government includes Retail and Wholesale Trade as MSMES
Posted Date : 24-Jul-2021 , 05:14:04 pm | Posted By
Lalit Rajput
Government includes Retail and Wholesale Trade as MSMES
From 2nd July, 2021, the Government has included Retail and Wholesale Trades as MSMEs.
The Government, vide notification no. S.O. 2119(E) dated 26.06.2020, had notified composite criteria of classification of MSMEs based on investment in...
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Category : Income Tax |
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REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013:
Posted Date : 24-Jul-2021 , 12:39:27 am | Posted By
Ekta Sharma
REMOVAL OF COMPANY’S NAME AS PER SECTION 248(2) OF THE COMPANIES ACT, 2013: The Companies which do not want to carry out any business operations and are just bearing the burden of annual compliances can proceed with the closure of the Company through the provisions of Section 248 (2) and 249 o...
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Category : Corporate Law |
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​Foreign Liabilities and Assets (FLA)
Posted Date : 23-Jul-2021 , 12:19:07 pm | Posted By
CS MANJU LAUR
Foreign Liabilities and Assets (FLA)
Foreign Liabilities and Assets (FLA) is an Annual Return which is to be submitted by all those Indian Resident Companies which have received Foreign Direct investment (FDI) and/or made Investment Overseas (FDI Abroad) in previous year(s) which shall also include...
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Category : FEMA |
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(DIN) Director Identification Number
Posted Date : 22-Jul-2021 , 05:42:08 pm | Posted By
CS MANJU LAUR
...
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Category : Income Tax |
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GST REGISTRATION
Posted Date : 21-Jul-2021 , 03:12:43 pm | Posted By
CS MANJU LAUR
GST Registration
GST
GST is the biggest tax reform of the Country that subsumed various taxes in a single tax. With the introduction of GST the cascading effect has been abolished. It is an indirect nature tax applicable on the supply of goods or services or both. The taxable event...
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Category : GST |
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 LMPC Certification
Posted Date : 20-Jul-2021 , 01:37:38 pm | Posted By
CS MANJU LAUR
LMPC Certification
Customs Authorities are getting stricter regarding the implementation of Legal Metrology laws on businesses in India. No person can import any weight or measure, unless he obtains an importer certificate under section 19 of Legal Metrology Act, 2009. The purpose of these certific...
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Category : Corporate Law |
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Equipment Type Approval (ETA) License
Posted Date : 20-Jul-2021 , 12:15:45 pm | Posted By
CS MANJU LAUR
What is WPC? A wing was established in 1952 by the Government of India called The Wireless Planning & Coordination (WPC). WPC is a branch of Department of Telecommunications established under the Ministry of Communications and Information Technology of the Government of India. WPC is the Nationa...
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Category : Corporate Law |
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INTERNATIONAL TRADEMARK
Posted Date : 19-Jul-2021 , 06:01:26 pm | Posted By
CS MANJU LAUR
International Trademark Trademark A trademark is a sign capable of distinguishing the goods or services of one ent...
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Category : Corporate Law |
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TAX Deducted on Source- Provisions for TDS on Purchase of Goods
Posted Date : 17-Jul-2021 , 04:04:13 pm | Posted By
Ishita Ramani
TDS- Tax Deducted at Source, is deducted for the payment that exceeds a specified due limit. However, this was the case earlier. But now, from 1st July 2021, apart from the current scope of TDS deduction applicable on the notified nature of payment of expenses, businesses are required to ded...
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Category : Income Tax |
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FORM NFRA -2 National Financial Reporting Authority
Posted Date : 10-Jul-2021 , 01:29:55 pm | Posted By
SUJEET KUMAR
FORM NFRA - 2 Applicable Section Section 132 of the Companies Act, 2013 and rule 3 and 5 of the National Financial Reporting Authority Rules, 2018. Provision Annual Return to be filed by Auditor with the National Financial Reporting Authority. Applicability Applicable on ...
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Category : Income Tax |
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CHECKLIST FOR NAME CHANGE OF LISTED COMPANY
Posted Date : 10-Jul-2021 , 01:28:55 pm | Posted By
SUJEET KUMAR
CHECKLIST FOR NAME CHANGE OF LISTED COMPANY
S. No
Particulars
Attachment/Agenda
1
Convene a Board Meeting
Agenda:
Approval for change in name of company.
Authority for filing RUN form.
2
File RUN form
Attachment:
Copy of Board resolution.
3
Conve...
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Category : Corporate Law |
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FORM FCGPR (THEORETICAL AND PRACTICAL ASPECTS)
Posted Date : 10-Jul-2021 , 01:28:16 pm | Posted By
SUJEET KUMAR
FORM FCGPR (THEORETICAL AND PRACTICAL ASPECTS)
With the objective of integrating the extant reporting structures of various types of foreign investment in India, RBI introduced Single Master Form (SMF) through its Notification RBI/2017-18/194 A.P (DIR Series) Circular No.30. Dated June 07, 2...
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Category : FEMA |
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Where to Invest Money in India Now – Booming Market & Money Making
Posted Date : 08-Jul-2021 , 05:16:55 pm | Posted By
CA JATIN KUMAR RATHOR
General believe lies among several goes saying Stock Market is very unstable, tempestuous, uncertain, gamble and nobody likes taking risks in terms of hard earned money. But the truth lies in fact It has given Extraordinary returns to discipline Investors who understood the power of compoundin...
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Category : Finance |
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GST on Supply of Electricity - Dilemma of Levy
Posted Date : 06-Jul-2021 , 05:50:29 pm | Posted By
Ankit Khandelwal
Introduction Electricity or Electrical Energy is one of the major source of revenue for the state governments as it comes under the state list of the Constitution wherein they are collecting electricity charges from the customers. This is one of the major contentious issues whether it would be suppo...
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Category : GST |
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Article on Dynamic QR Code!
Posted Date : 03-Jul-2021 , 02:32:43 pm | Posted By
Shilpa Sardana
Dynamic QR Code for B2C Transactions:
B2C transaction means all the supplies made to unregistered person or consumers. B2C invoices are those invoices where the end user will not be claiming input tax credit.
E-invoicing refers to a method of processing invoices in an electronic format and on a un...
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Category : GST |
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TAX EVASION UNDER GST AND MEASURES TO CURB IT
Posted Date : 19-Jun-2021 , 05:40:56 pm | Posted By
CA. PIYUSH KAPOOR
Introduction
Goods and Services Tax (GST) was implemented in the Indian economy from 1st July 2017 to replace the multiple indirect taxes and surcharges which were levied before 1st July 2017 with a single customized tax structure and also with the objectives of eliminating the cascading effect...
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Category : GST |
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Section 206AB of the income tax act which will be effective from 01.07.2021
Posted Date : 12-Jun-2021 , 08:37:35 am | Posted By
Shilpa Sardana
A new section 206AB in the income tax Act has been introduced which will be effective from 01.07.2021 - as a special provision providing for higher rate of TDS for the non filers of income tax return. This section impose a higher rate of TDS if the transactions are done with the non filers of income...
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Category : Income Tax |
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Relief Measures announced in GST Compliances
Posted Date : 25-May-2021 , 11:57:58 am | Posted By
CA Ronak Khandelwal
Relief Measures announced in GST Compliances
Extension in due date for filing GSTR-4: -
Composition taxpayers for FY 2020-21- The due date extended to 31st May 2021 from current 30th April 2021.
Waiver of late fees in GSTR-3B: - GSTR-3B for the month of Marc...
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Category : GST |
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Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
Posted Date : 25-May-2021 , 09:22:57 am | Posted By
CA.Khurana Vivek
RBI/2021-22/25
Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22
April 27, 2021
The Chairman/Managing Director/Chief Executive Officer,
All Commercial Banks (Excluding RRBs)
All Primary (Urban) Co-operative Banks (UCBs)
All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companie...
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Category : Bank Branch Audit |
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MOOWR Scheme – Solving Working Capital Problems for Importers
Posted Date : 20-May-2021 , 09:44:58 am | Posted By
May I Help You.
With a view to promote India as a global manufacturing hub and the commitment towards ease of doing business, CBIC has notified revamped regulation under Customs Law for manufacture and other operations in bonded warehouse - Manufacture and Other Operations in Warehouse (no.2) Regulations, 2019 (her...
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Category : GST |
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