Reduction of burden of compliances during pandemic of COVID-19- We all are aware (or may be some of us are already fed up) with the news of CoVID-19 which is pandemic and led to thousands death tolls around world with Italy the most affected country. To...
Several relief measures in areas of Income Tax, GST, and Customs & Central Excise in view of COVID-19 outbreak- The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak...
The GST Council - 39th meeting The GST Council - 39th meeting held on 14.03.2020, has made the following recommendations: Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07. 2017(Law to be amended retrospectively). Where registrations have been cancelled till...
COVID-19 – Virus for Global Economy COVID-19 (coronavirus disease 2019) is an infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), previously known as 2019 novel coronavirus (2019-nCoV), a strain of coronavirus. The first cases were seen in Wuhan, China in December 2019 before spreading globally. The current outbreak was recognized as...
Amendment in Criteria of Related Party Transactions- There is a very important Amendment in Criteria of threshold limits for Related Party Transactions (RPT) vide Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 Dated 18th November, 2019. Ministry of Corporate Affairs (MCA) had notified amendment...
Circular no. 137072020-GST dated 13th April 2020 The Government has released Circular no. 137/07/2020-GST dated 13th April 2020 wherein following matters have been clarified: Cancellation of Goods and Service ContractThe treatment under GST have been clarified vide above referred circular in respect of certain transactions of...
Pros and Cons of A LLP as well as A Private Company Limited Liability Partnership One of the most distinct and preferred forms of business in India is a Limited Liability Partnership or commonly known as LLP. An LLP has the features of both a Partnership Firm...
Difference between Private company and LLP Selection of a business entity is among the primary lawful choice taken by an Entrepreneur while starting a new business. With the presentation of the Limited Liability Partnership Act and the Companies Act, 2013, more decisions of business entities are...
Donation to PM CARES Fund by Corporate & it’s Employees under Consolidated Plan In the unprecedented time of COVID-19 pandemic, the Corporate are contributing open hearted to help in this global crisis. The contributions can be in the form of direct funding to the NGOs involved...
Tally Data Consolidation, Tally Data Cleansing project from West India Deployment of Turbo data for Retail company based out of Western IndiaSource system: multiple installation of Tally ERP 9.1. Problem : The end client desired to have a custom installation of Turbo data based on the unique...