The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit. The Scheme will be in operation for a period of two financial years FY 2019 and FY 2020.
In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, the Central Government hereby specifies Joint Secretary (PMAY), Ministry of Housing and Urban Affairs, Government of India, for purposes of the said clause.
Modi Government has again taken a big step by approving to create an Auditing Regulator called National Financial Reporting Authority (NFRA) who will oversee the auditing function and profession, control and regulate in addition to the Institute of Chartered Accountants of India on 1st March, 2018. It is big move forward in regulating the financial […]
Amendment in Deposit Rules for Companies By Companies (Acceptance of Deposits) Amendment Rules, 2019: Every Company other than Government Company shall file a onetime return of outstanding receipt of money or loan by a company but not considered as deposits, in term of clause (c) of sub-rule 1 of rule 2 from the 01st April, 2014 […]
The Insolvency and bankruptcy code, 2016 was notified and came into execution since December 2016. The code at its entry stage repealed the existing legislations which had become outdated and unfruitful with the passage of time. The code is not an easy legislation as the drafters have really worked hard to create a master piece […]
Note on GST w.r.t. Proposed Changes in Real Estate The GST council has proposed to reduce the GST on under-construction properties from 12% to 5% and on affordable housing from 8% to 3% without Input Tax Credit (ITC). Now, while most developers are welcoming this move and hailing it as a game changer- we need […]
In the last few years, we’ve observed the emergence of people making videos related to education, fitness, tips/ideas/classes related to business, reviews of movies,books, gadgets etc and upload it on online platforms like YouTube. This is termed as Vlogging. The more people view & engage on the videos, the more money the vlogger makes. Having […]
I. Circular No. 89/08/2019-GST dated 18.02.2019 ♥ After observing that the majority of tax payers are not reporting details in Table 3.2 of GSTR-3B, the circular has been issued to clarify that the tax payers has to fill the details of supplies to unregistered dealers mandatorily in table 3.2 of GSTR-3B and also in table […]
The Hon’ble Chief Minister for the Statement of Karnataka has announced a comprehensive Karasamadha Scheme which provides for 100% waiver of interest and penalties under the following Acts:
ICSI submits representation to MCA as MCA yet to release form MSME-I while due date of furnishing the Form MSME-I is February 21, 2019. Kindly consider clarifying that MSME Form I will be deployed shortly and also that non-filing due to non-availability of this Form by February 21 would not result in non-compliance of the provisions of Companies Act, 2013.
