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Search results for: GST council

AICA Announcement for MSMEs Post-Covid Issues

AICA to Govt: MSME Associations Want Solutions Due to High Raw Material Prices

On Wednesday, After deliberations conducted by the ‘All India Council of Association’ of MSMEs on Wednesday on the problems that are being faced by industries in specific reference to the rapid escalation in the cost of steel and other inputs of construction, ‘Industry associations that are representing the MSME sector’ are expecting a positive response […]

Income Tax Filing Data for Salaried Class

Salaried Class Remained Less Active in Tax Filing in FY 2020

Towards the issue of the Indian economy, the people who have to earn up to Rs 50 lakh the majority of the salaries shrank in the Fiscal year 2020 despite prior to the pandemic has activated the recession income tax return filing data so far this year had posted. Towards furnishing the returns for FY […]

Sanitizer Makers Move HC for Considering Typo in GST Laws

Sanitizer & Disinfectants Manufacturers Filed An Appeal in HC Against Govt

Firms who were importing the raw substance used to make the sanitizers and disinfectants laid the government to the court towards the nonavailability of the claim of advantages over the apparent typing error in the goods and services tax (GST) platform. Lower custom duty is been paid by the importers of the ‘denatured ethyl alcohol’, […]

Instakart and Swiggy Under Tax Dept Radar

Govt Starts Investigation for Bogus ITC at Instakart & Swiggy Offices

In context to the bogus ITC claiming the logistic manager company of Flipkart and online food delivery platform Swiggy Instakart were investigated by Tax council. two of these companies have accepted their guilt. “As a law-abiding company, we are in full compliance with the tax and legal mandates. The survey by the IT officials is […]

Tax Benefits for Private Buses

Tax Benefits to Private Bus Operators for Educational Services

On Wednesday near about 8000 private bus drivers establishing functioning buses for educational institutions on state carriage permits, is permitted the advantage with 100% privilege on the motor vehicle tax till December 31 which comes into force from March 23. The cabinet has opted for the decision as of covid-19 The union finance minister Nirmala […]

Old Tax Notices for Businesses in Punjab

Old AY 2013-14 Brings Tension for Business Community in Punjab

The tax professional and the businessman are against the assessment of the previous cases of 2013-14 intended by the state GST when there was value-added tax (VAT). 20 November is the last date to which the stakeholders see it impossible in accordance with the deadline to complete the assessment. The businessman and the tax professional […]

New Updates Under LTC Cash Voucher Plan

Servants Can Use LTC Cash Voucher Plan in the Name of Family Members

The employees of the central government who are liable to buy goods and services for their wives or other members of the family who is calming the LTC fare. The employee can avail exemption on the purchase of goods and services in the 2nd set of FAQ given by the council of expenditure on which […]

CII Demands Relaxation for Tourism Industry from Govt

CII Wants Relaxation for Tourism Industry from Govt for Allowing Hotels as per MHA Standards

Industry body CII has attempted intervention and assistance from the government to assure the recovery of the tourism industry, which is truly affected due to the COVID-19 pandemic. The CII has urged all key people to work for solving the crisis with the government. “With the new guidelines issued under Unlock 3.0 by the Government […]

New MSME Udyam Registration

All About New MSME Udyam Registration Process with Penalty

After receiving the recommendations of the Advisory Committee for MSME Udyam Registration the central Government comes up with: The government introduced some specific criteria for classifying the enterprises as micro, small and medium enterprises. Also notified about the form and the process of filing the memorandum (Udyam Registration), w.e.f 1st day of July 2020 GST […]

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