With a view to promote Transparency and accountability in Company Financial Statement, the Ministry of Corporate Affairs (MCA) has amended the Schedule III to the Companies Act, 2013 vide notification dated 24.03.2020, wherein the certain disclosure requirements as well as the principles as stated in respect of the preparation of the financial statements has been […]
Preface: COVID-19 pandemic has impacted businesses, financial markets and economies all over the world, including India, and has impacted the business operations of micro, small and medium enterprises – MSME sector and exposed many of them to financial distress. The Government has taken several measures to mitigate the distress caused by the pandemic including increasing […]
This is article is in continuation with my previous article Gratuity Payment under Social Security Code 2020 wef 01.04.2021, in my previous article we have discussed about the difference between the Old provisions of the Payment of Gratuity Act 1972 (a) and New provisions of Social Security Code 2020 to be effective from 01.06.2021 on […]
With it objective to make India an ‘Atmanirbhar Bharat’, another initiative was approved by the Central Government in the form of Production Linked Incentive (‘PLI’) Scheme for White Goods (Air Conditioner and LED Lights) with a budgetary outlay of 6,238 crore. Period of implementation – The scheme will be implemented over the period FY 2021-22 […]
In re Hubli-Dharwad Municipal Corporation (GST AAR Karnataka) Any person registered or desirous of obtaining registration under CGST Act 2017 can seek advance ruling only in relation to the supply of goods or services or both being undertaken or proposed to be undertaken. In the instant case, we observe that M/s HDMC, who have filed […]
In continuation of this Court’s Office Order No.223/RG/DHC/2021 dated 8.4.2021, keeping in view the alarming rise in the Covid-19 cases in the NCT of Delhi, it has been ordered that all the Hon’ble Benches of this Court shall, with effect from 19.04.2021, take up extremely urgent matters filed in the year 2021 only.
State of Punjab & Ors. Vs Tecnimont Pvt. Ltd. (Supreme Court) FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER Heard Mr. Karan Bharihoke, learned Advocate for State of Punjab and Mr. Jagmohan Bansal, learned counsel for the respondent on caveat. Considering the peculiar facts and circumstances of the case on record, in our view, the ends […]
In-Re Inhuman Condition At Quarantine Centres And For Providing Better Treatment To Corona Positive Vs State of U.P. (Allahabad High Court) Economy, economy and economy is the only tune that the government is all the time harping upon, but bread and butter if you take to a person who needs oxygen and medication, it will be […]
Ashish Natvarlal Vashi Vs ITO (ITAT Surat) 1. Merely cash deposit in a saving bank account does not show that income has escaped assessment. The process of reasoning is absent, and these reasons were not recorded on standalone basis therefore reopening made by the Assessing Officer may be quashed. 2. The amount deposited in the […]
Below are the 10 things a businessman should consider before filling GST Return for the month of March 2021: 1. File GSTR-3B i.e., GST Return before 20 April or 22nd April as the case may be. To avoid late fees and penalties. 2. ITC reflected in GSTR-2A should be reconciled with books before filling GSTR-3b. If there is a difference between ITC in books and ITC reflected in GSTR-2A then the effect of such difference may be taken in March 2021 return.
