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Archive: April, 2021

Posts in April, 2021

High priority to Customs clearances of goods related to COVID 19 pandemic

April 23, 2021 1038 Views 0 comment Print

It is requested that all Customs formations may be sensitised of the urgency of this matter and may be directed to give high priority for Customs clearances of import of goods relating to COVID 19 pandemic, including oxygen related equipments etc.

Serum not contracted full production to Centre, States can Purchase

April 23, 2021 528 Views 0 comment Print

Serum Institute of India (SII) has NOT contracted all its production of COVID vaccine to the Centre till 25th May 2021. State Governments are free to procure COVID vaccine doses from the vaccine manufacturers as per the Liberalised Pricing and Accelerated National Covid-19 Vaccination Strategy

Extend date for payment under Vivad Se Vishwas Scheme

April 23, 2021 13902 Views 3 comments Print

DTPA has made a Representation to FM for extension of date for payment of amount under Vivad Se Vishwas Scheme to 31st July 2021 considering adverse impact on economy due to 2nd Wave of Corona. Full Text of their representation is as follows:- DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground […]

Is refund of unutilised ITC allowed when exporter claims higher rate of duty drawback?

April 23, 2021 37956 Views 2 comments Print

Is refund of unutilized input tax credit allowed when the Assessee\Exporter claims higher rate of Duty Drawback with respect to goods manufactured in India and exported, during the GST transition period (July to September 2017)?

Work From Home: A New Compliance Alert for Labour Laws in India

April 23, 2021 24930 Views 0 comment Print

Every economic shock leaves behind a legacy, and the Corona outbreak is not an exception to it. The Corona outbreak has provided with an opportunity to experiment globally with the concept of remote working. The work environment is suddenly exposed to a new experiment at the global level.

What is the best procedure to recover loan after death of employee

April 23, 2021 7443 Views 0 comment Print

This is a very important question. Many companies and organisations provides loan to their employees for their various needs to support them to full fill their needs relates to medical , marriage, house construction etc. Company gives the loans to the employees keep in view various criteria like Tenure of service, employees salary , his […]

Providing security to oxygen tankers and Make green corridors

April 23, 2021 462 Views 0 comment Print

Provide adequate security to oxygen transporting vehicles and to make provisions for exclusive corridors for such transportation, treating these vehicles like ambulances.

‘Companies (Auditor’s Report) Order, 2020’ Reporting requirements

April 23, 2021 7839 Views 2 comments Print

CARO 2020 is a new format for issue of audit reports in case of statutory audits of companies under Companies Act, 2013. The aim of CARO 2020 is to enhance the overall quality of reporting by the company auditors. The MCA has notified Companies (Auditor’s Report) Order, 2020 on 25 February 2020. This order (CARO […]

Threshold Limit of Turnover for exemption of Goods & Services from GST

April 23, 2021 8271 Views 0 comment Print

Sales Tax, VAT, Goods and Services Tax, etc. are indirect taxes. Under such tax laws, businessmen are allowed to collect from customers, the amount of tax payable by them to the Government. Even then such taxes (Sales Tax, VAT or Goods and Services Tax) cast burden on the businessmen due to compliance cost and administrative […]

Logic Of Name Clause In MOA

April 23, 2021 2796 Views 0 comment Print

Memorandum of association (MOA) can be called as the Constitution of company. First clause in MOA is name clause where company is required to state its name along with private limited (in case of private limited company) or limited (in case of public limited company) or Producer Company limited (in case of Producer Company). Legislature […]

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