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Archive: 19 May 2020

Posts in 19 May 2020

Benefits of National Small Industries Corporation (NSIC)

May 19, 2020 11172 Views 0 comment Print

National Small Industries Corporation (NSIC) is Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote aid and foster the growth of micro, small and medium enterprises in the country. NSIC provides integrated support services under Marketing, Technology, Finance and other Support service. SINGLE POINT REGISTRATION […]

Analysing Section 6 of Negotiable Instrument Act, 1881

May 19, 2020 14298 Views 0 comment Print

In simple terms, a cheque is defined as a document that orders a bank to pay a specific amount of money from a person’s account to the person in whose name the cheque has been issued. There are other legal definitions as well which are referred frequently to understand the meaning of the term ‘cheque’. […]

Climate Change, Effects and Finance

May 19, 2020 2019 Views 0 comment Print

Climate change is a long-term shift in global or regional climate patterns. It refers to the rise in global temperatures from the mid-20th century. It is the long term variation in the weather and temperatures patterns all over the world. Climate change has also been connected with other damaging weather events such as more frequent […]

Businesses Speed up Technology Adoption under COVID-19 threat

May 19, 2020 642 Views 0 comment Print

As the coronavirus spread around the world, businesses across various sectors encourage their staff to work remotely. The ongoing crisis had created an urgent need for people to find the digital alternative of tools that are part of their workflow. Some were in a far better position to transition into a remote working culture, due […]

Key points of covid-19 package in hindi

May 19, 2020 777 Views 0 comment Print

आशा करते है कि आप सब कुशल मंगल होंगे। आज मोदी जी के 20 लाख करोड़ के पैकेज का पहला हिस्सा जारी किया गया।अपने लोगो के लिए प्रमुख बाते इस प्रकार है: 1. आप के existing लोन के ऊपर 20% का अतिरिक्त लोन दिया जाएगा, इसमे ब्याज भी कुछ कम लगेगा। इस लोन का 1 […]

Capital Gain tax payable on sale consideration receipt despite Release Deed at a later date

May 19, 2020 6171 Views 0 comment Print

Shri I. Seshagiri Rao Vs ITO (ITAT Hyderabad) The issue under consideration is whether the capital gains will be applicable where assessee signed a release deed waiving all his rights, title and interests in the property? During the assessment, the A.O. found that the assessee had entered into a release deed and also a supplementary […]

Explanation on New definition of MSME and Benefits in Hindi

May 19, 2020 3015 Views 0 comment Print

अर्जुन : मित्र कृष्ण , मुझे ये बताए कि MSME क्या हैं? कृष्ण: अर्जुन, MSME का मतलब सूक्ष्म, लघु और मध्यम उद्योग से हैं। 1. सूक्ष्म उद्योग (Micro Enterprises) अगर किसी उद्योग में निवेश 1 करोड़ से कम हैं और उसकी टर्नओवर 5 करोड़ से कम हैं तो वह सूक्ष्म उद्योग के अंतर्गत आएगा। 2. […]

NAA upheld profiteering allegation in respect of Fogg Deo supplied to Big Bazar

May 19, 2020 789 Views 0 comment Print

Rahul Sharma Vs Tanya Enterprises (NAA) The brief facts of the case are that the Standing Committee on Anti-profiteering vide its communication dated 11.03.2019 had requested the DGAP to conduct a detailed investigation as per Rule 129 (1) of the above Rules on the allegation that M/s Vini Cosmetics Pvt. Ltd. had not passed on […]

GST NAA finds Philips India guilty of profiteering on Food Processor

May 19, 2020 894 Views 0 comment Print

Kerala State Level Screening Committee on Anti-Profiteering Vs Phillips India Ltd. (NAA) The brief facts of the case are that the Applicant No. 1 vide the minutes of its meeting held on 08.05.2018 had referred the present case to the Standing Committee on Anti-profiteering, alleging profiteering by the Respondent on the supply of “Food Processor” […]

GST on Pure services (supply of manpower, security service) to Govt.

May 19, 2020 57096 Views 1 comment Print

In re A.B. Enterprise (GST AAR Gujarat) Whether the applicant is  eligible to claim exemption benefit under Sr.No.3 of Notification No.12/2017-Central Tax (Rate) dated 28.06.2017 for Pure services (supply of manpower, security service) provided to Central Government, State Government, Local Authorities, Governmental Authorities? Applicant is eligible to claim exemption benefit under Sr.No.3 of Notification No.12/2017-Central […]

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