"30 March 2021" Archive - Page 5

Clarification on full & final settlement of claims pertaining to LTC Special Cash Package Scheme

Office Memorandu, No. 12(2)/2020-E.II(A) 30/03/2021

Keeping in view of practical difficulties in submission of bills/claims for purchases made particularly in late hours of 31st March, 2021(including on-line purchases), it is clarified that submission of bills/claims may be entertained and settled by Ministries/Departments not later than 30th April However, it is reiterated that the paymen...

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QR Code in GST – A Phase of Economic Transition

A person may misplace a GST Invoice that was issued or may require additional copies of the same invoice. In such cases, he faces the need to contact the supplier repeatedly. QR Codes in invoice solves this issue. By scanning the QR Code, the GST Invoice can be generated any number of times....

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Posted Under: Corporate Law |

Old Vs New Income Tax Regime – Which one to opt for?

The Budget 2020 introduced a new tax regime under section 115BAC giving an option to Individuals and HUF Taxpayers to pay income tax at lower rates. The new scheme is applicable for income earned for FY 2020-21 (AY 2021-22). The Ministry of Finance has removed around 70 tax deductions & exemptions while proposing the new […]...

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Posted Under: Corporate Law |

5 GST Compliance Action Point before Year Ending 31.03.2021

As the Financial Year is ending, below five actions are need to be taken on immediate basis for compliance under GST:- 1. New Invoice series Ensure to create new/ unique invoice series. The same should be consecutive and unique for a financial year. Also, multiple invoice series for various branches/segments/Products & Services can be...

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Posted Under: Corporate Law |

Legal Compliances for Start-Ups in India

Passionate entrepreneurs aim to build practical unique solutions for customers through their start-up venture. The business has to focus on its potential customer base, its USP and market situation. At the same time Entrepreneur should have or they should hire or outsource someone who has a good understanding about the basic laws of the l...

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Posted Under: Corporate Law |

Analysis of SEBI Press Release | SEBI Board Meeting | March 25, 2021

SEBI Press Release – SEBI Board Meeting (March 25, 2021) The SEBI Board met on March 25, 2021 where it, inter-alia, took the following decisions: Review of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015  SEBI Board approved several amendments to the SEBI (Listing Oblig...

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Posted Under: Corporate Law |

Companies (Accounts) Amendment Rules, 2021- Analysis

Companies (Accounts) Amendment Rules, 2021 24/03/2021

The Companies (Accounts) Amendment Rules, 2021: MCA has vide its notification dated 24.03.2021, notified the Companies (Accounts) Amendment Rules, 2021. Effective from the 1st day of April, 2021. The analysis of amendment notification dated 24.03.2021 is as follows: Amendment to Rule 3: Post-Amendment, in Rule 3, in sub-rule (1) the provi...

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Posted Under: Corporate Law |

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