Relaxation by MCA due to Covid 19 Pandemic Due to the current situation of COVID-19 second wave, some relaxation have been provided by Ministry of Corporate Affairs (MCA) by issuance of general circulars dated 03/05/2021, which we have prepared a gist on it and the same is produced herein below for your ready reference: S. […]
Article discusses One time Relaxation in Interest and Penalty for Delayed payment of GST and Late filing of GSTR-3B Return, Furnishing of FORM GSTR-04 (Annual Return of Composition Taxpayer), Furnishing of FORM ITC-04 (Quarterly declaration in relation to goods dispatched or received from a Job-worker, during the period), Furnishing of Details of Outward Supplies in […]
RBI Governor’s statement dated May 5, 2021: Indian economy now, and its bright future RBI Governor in his statement dated May 5, 2021 has dealt with the performance of Indian economy for the financial year 2020-2021 mentioning its appreciable position at the end of the year gaining its original position of growth, flattening of infections […]
What is “External Commercial Borrowings (ECB) “External Commercial Borrowings (ECB)” means borrowing by an eligible resident entity from outside India in accordance with framework decided by the Reserve Bank of India in consultation with the Government of India: Eligible entities may raise External Commercial Borrowings (ECB) from outside India in accordance with the provisions. ♦ […]
1. INTRODUCTION Insurance policy is a species of a contract meaning thereby the relationship between the parties are strictly governed as per the mutually accepted terms and conditions of the insurance contract without any scope of addition or alteration in the terms and conditions thereof. However, in some aspects, an Insurance contract is distinct from […]
Incorporating Internal Financial Controls over Financial Reporting Empirically Series 2 –P2P (Listed Companies Call) As I already stated in my introductory part of this topic, any process will be parted into static and strategic meaning thereby one which is in as it is form and the other requires professional skepticism. Above that, static facts w.r.t. […]
On account of the continuing pandemic situation, the Council of the Institute as a special case, has decided to waive the shortfall from the requirement of securing mandatory CPE Credits (both structured & unstructured) for the financial year 2020- 2021.
M/s Gautam Gambhir Foundation, shall import covid relief supply free of cost for free distribution in India as per details in the Annexure (attached), at Delhi Air Cargo Customs Station. Exemption from IGST is recommended for such imports by M/s Gautam Gambhir Foundation under the said adhoc exemption order.
U.S. Federal Reserve Governor Mr. Michelle W. Bowman, addressed Colorado, U.S.A., forum of economists during its 40th year celebrations and touched the economic outlook for U.S. Economy for the year 2021 which is reproduced below for meticulous study by serious students or academicians. https://www.federalreserve.gov/newsevents/speech/bowman20210505a.htm To understand his address, it is advisable to go with the […]
SMALL COMPANY The definition of Small Company covers under the Section 2(85) of Companies Act 2013 Section 2(85) of Companies Act 2013 Small Company means a company other than a public company whose:- 1. Paid up share capital is upto 2 crore; and 2. Turnover is upto 20 crore. Except:- 1. Holding of a company; […]
