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Archive: 01 May 2020

Posts in 01 May 2020

EPFO makes filing of ECR easier for business

May 1, 2020 852 Views 1 comment Print

In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls.

NPA an Overview

May 1, 2020 89979 Views 4 comments Print

In the current era the word NPA is well heard or well read by us. The banking industry is facing a high NPA problem which leads to downtrend of profitability. Let us try to understand the NPA mechanism in a simple and lucid manner. In simple words NPA stands for Non Performing Assets. If we […]

100% Interest Benefit on Loans For Msmes Based In Haryana Availed For Payment of Wages of Employees

May 1, 2020 1038 Views 0 comment Print

All MSMEs operating in Haryana as on March 15, 2020 will be eligible to 100% interest benefit on loans availed for payment of wages of employees and/or other expenses upto a maximum of Rs. 20,000/- per employee.

ICES Advisory -Streamlining of Certain Imports Processes in ICES-reg

May 1, 2020 891 Views 0 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-I) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-402/2017-18/AM(I)Part-II Dated : 01.05.2020 Public Notice No. 60/2020 DIN No. 20200578NW00001E822B Sub:- ICES Advisory 16/2020-Streamlining of Certain Imports Processes in ICES-reg. Attention of all the Importers, Custom Brokers, Shipping Lines/Agents, Logistics Service Providers […]

Fortified Rice Kernels manufactured by JVS Foods classifiable under Chapter 19049000

May 1, 2020 2184 Views 0 comment Print

In re JVS Foods Pvt. Ltd (GST AAAR Rajasthan) Fortified Rice Kernels (FRK) manufactured by the appellant do not have essential character of natural Rice and also does not merit classification under Chapter 10 in terms of Chapter Note 1 (A) of the said Chapter. It is appropriately classifiable under the sub-heading of Chapter 19 […]

Eligibility of GST Refund on Account of Deductions

May 1, 2020 7743 Views 0 comment Print

This article is written for analyzing  eligibility of GST refund on account of deductions and the same is analysed with the help of below mentioned case study: Fact: ABC Private Limited has raised B2B Tax invoice of Rs.1 crore to XYZ on 14th January 2019 for the services. In the month of March 2020, XYZ […]

Lockdown 3.0 Govt extends lockdown till 17th May (Read Guidelines)

May 1, 2020 5049 Views 0 comment Print

After a comprehensive review, and in view of the Lockdown measures having led to significant gains in the COVID-19 situation in the country, Ministry of Home Affairs (MHA), Government of India (Gol) issued an Order under the Disaster Management Act, 2005, today, to further extend the Lockdown for a further period of two weeks beyond May 4, 2020.

Quarantine – A Chance To Ameliorate

May 1, 2020 1164 Views 2 comments Print

Problems!!! Every person on this earth is catered or surrounded by problems. Undoubtedly, species of problem can differ (vary) from person to person but if one can say that he has no problem at all then either he’s making fool to himself or other side party. Despite that, many people have converted their so called […]

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