MSME Registration, new and existing, through Udyam Registration Portal, w.e.f. 01.07.2020, as per notification dated 26.06.2020 The Ministry of micro, small and medium enterprises vide its notification dated 26th June, 2020 has notified certain criteria for classifying the enterprise as micro, small and medium enterprises and specified the form and procedure for filing the memorandum, […]
WRITE UP ON MSME CONSEQUENT TO NOTIFICATION NO.S.O.2119(E) DATED 26TH JUNE 2020 The Central Government issued Notification No.S.O.2119(E) dated 26.6.2020 notified certain criteria for classifying the enterprises as micro, small and medium enterprises and specifies form and procedure for filing Memorandum (“Udyam Registration”), with effect from 1st July 2020. CLASSIFICATION OF ENTERPRISES: An enterprise shall […]
What is Stock Market? The stock market refers to the collection of markets and exchanges where the issuing and trading of equities (stocks of publicly held companies), bonds and other sorts of securities takes place, either through formal exchanges or over-the-counter markets. Also known as the equity market, the stock market is one of the […]
♦ Meaning of Credit Note & Debit Note – Section 2(37) of CGST Act,unless the context otherwise requires, – “credit note” means a document issued by a registered person under Sub-Section (1) of Section 34; – Section 2(38) of CGST Act,unless the context otherwise requires, – “debit note” means a document issued by a registered person under […]
SITRA, an acronym for The South India Textile Research Association, is established in the year 1956 and is governed by a Council of Administration consisting of member representatives of the Industry, Government, and Scientists. SITRA is sponsored by the Industry and is supported by the Ministry of Textiles, Government of India. In the current COVID-19 […]
Income tax return or Income Tax in general is a word that instantly strikes fear in the mind of the person. And definitely, this fear has a lot to do with the visual media and movies we see where Income Tax Authorities are shown as wealth sucking leach which waits for the opportunity to unleash upon it preys.
The Ministry of Home Affairs (MHA) has issued an advisory that people above 65 years should strictly remain at home and not move out as they are at a greater risk of getting infected during the Covid Pandemic. Abiding by the said advisory, the senior citizens above the age of 65 are voluntarily not moving […]
In continuance of the earlier article, ‘All about Independent Directors- (Part-1)‘, this article will focus on the independent director databank and the process of appointing an independent directors. On 22nd October, 2019 the Ministry of corporate affairs (MCA) published the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019, to amend the Rule 6 […]
Last two years have witnessed a large-scale collaborative effort by the international community, under the umbrella of the OECD, towards finding a consensus-based solution for the problem of taxation within the digitalized economy.
29th day of September, 2020 shall be the end date of the period during which the time limit specified in, or prescribed or notified under, the Central Excise Act, 1944 , Customs Act, 1962 (except sections 30, 30A, 41, 41A, 46 and 47), Customs Tariff Act, 1975 or Chapter V of the Finance Act, 1994 falls for the completion or compliance of such action as specified under clause (a) or (b) of the said section; and
