Big Relief on Sale of Old and Used Vehicles:Government by issuing the Notification No. 8/2018 Central Tax Rate read with state Tax Notification, reduced the Rate of GST on old and used vehicle as follows:
This is to inform you that Ministry of MSME, Government of India has come out with Standard Operating Procedure (SOP) for MSMEs at work place to be followed in view of COVID-19 in English and Hindi. For any clarification on SOP, order dated 15.04.2020 issued by Ministry of Home Affairs, Government of India, may kindly be […]
Recent tax and administrative reliefs owing to the pandemic of COVID-19 Since the beginning of 2020, the world has come across an unprecedented pandemic aka COVID-19 abbreviated for “Corona Virus Disease 2019” since it all started towards the end of 2019 in a Chinese city of Wuhan. The disease had spread across several countries by […]
Companies Fresh Start Scheme, 2020 (CFSS 2020), why introduced? MCA vide its circular no. 12/2020 dated 30th March, 2020 in addition to circular no. 11/2020 dated 24th March, 2020 clarified about the Scheme. Issues that led to the birth of CFSS scheme, 2020: Representations from stakeholders for the grant of one-time opportunity enabling them to […]
Stay Home and stay healthy my readers, it is one of the perfect time to utilize our time on improving and growing our knowledge. A company throughout its operations need ample amount of cash inflows. Generally, there are two ways to raise capital first is borrowed fund and second is owned fund. Borrowed fund comes […]
Introduction The trend of selling goods & services online has seen a boost like never-before. It is convenient & economical to sell online and one could take up this business even along-with their ongoing profession/business or Job. The government has also realized the potential of the online ecosystem and that is why we have been […]
Today, there is no doubt that all humans are facing a situation that was never expected for this generation and has never been faced nor prepared for this epidemic. We all have a particular life style, Business working Culture and this has depended on each country’s economic and life style model. Governments are running their […]
Effect of Covid-19 on Indian Economy – A short Article So, the world is currently struggling with the corona pandemic. Schools, Universities, Offices, Factories all are under lock down. Due to this pandemic we surged with a huge loss of human capital. We can’t ignore the fact that the outbreak of COVID-19 in China is […]
What is Meaning of Private Limited Company? A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded. > A private company […]
Finance Act 2020 applicable for AY 2021-22 has altered the provisions for Indian Citizens and Persons of Indian Origin (PIO). Accordingly the period of 182 days specified in the Explanation for Indian citizen and person of Indian origin with total income other than income from foreign sources more than Rs. 15 Lacs, has been reduced to […]
