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Archive: May, 2021

Posts in May, 2021

HSN Code Clarification under GST

May 20, 2021 6507 Views 1 comment Print

Notification No. 88/2020 dated 15.10.2020 (Central Tax) In the said notification w.e.f 01.04.2021 Those Tax Payer whose Aggregate Turnover above Rs.5 Crore during the Financial year (2020-2021), 6 Digit HSN/SAC for Goods & Services to be mentioned in all Type of Tax Invoices. AND Those Tax Payer whose Aggregate Turnover upto Rs.5 Crore during the […]

HC Sets Aside Faceless Assessment Order for not providing sufficient time to respond

May 20, 2021 3456 Views 0 comment Print

Blue Square Infrastructure LLP Vs National Faceless Assessment Centre (Delhi High Court) 1. An undue haste by respondent no. 1 in passing the impugned assessment order, as he did not even wait for the completion of the timeframe given in the show cause notice-cum-draft assessment order, dated 20.04.2021, to file a response. 2. The best […]

Standard Costing: Easy and Simple way to learn Formula

May 20, 2021 63442 Views 2 comments Print

Most of the students thought that the topic STANDARD COSTING is very time consuming and have covered only 5-10 marks in Exams, so chal yr leave it, itne me to koi aur topic cover kr lege. Actually the problem is not that we can’t understand the concepts of this chapter, but the issue is to […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 21.05.2021

May 20, 2021 2802 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 21st May, 2021, vide Notification No. 48/2021-Customs (N.T.), Dated: 20th May, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 48/2021 – Customs (N.T.) New Delhi, dated the 20th May, […]

Ban export of injections required for treatment of Black Fungus: CAIT

May 20, 2021 735 Views 0 comment Print

To ensure the smooth availability of the above injections in India for the treatment of patients of Black Fungus, we request you to kindly take immediate action and impose a ban on the export of these injections for the time till the Country is able to cure Black Fungus patients in India

Conduct Audit of medical facilities in every State: CAIT

May 20, 2021 783 Views 0 comment Print

In order to bring the pandemic under control, it is necessary that an audit of all types of medical facilities available in every State should be conducted immediately and States should be advised to take immediate steps to restore the medical facilities within a time bound period.

Waive Late fees of LLP/Companies for filing during 01.04.2021 to 31.05.2021

May 20, 2021 10650 Views 0 comment Print

Provide relaxation by waiver of additional fee in respect of the forms under the Companies Act, 2013 and the LLP Act, 2008, which falls due for filing during April 1, 2021 to May 31, 2021 in line with the relaxation provided vide MCA General Circulars No. 06/2021 and 07/2021 referred above, so as to enable filing of such forms without additional fees, upto July 31, 2021. 

Clarification on offsetting the excess CSR spent for FY 2019-20

May 20, 2021 2931 Views 0 comment Print

Several representations have been received in the Ministry for setting off the excess CSR amount spent by the companies in FY 2019-20 by way of contribution to ‘PM CARES Fund’ against the mandatory CSR obligation for FY 2020-21.

Suresh Prabhu requests FM for positive policy for MSME & small business

May 20, 2021 6051 Views 1 comment Print

BJP MP Suresh Prabhu has Wrote a letter to Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs regarding concerns of the MSMEs faced due to the second wave of Covid-19 pandemic and requested a positive policy response to enable the small business to tide over the crisis caused by the pandemic and protect […]

FCRA registration certificates validity extended up to 30.09.2021

May 20, 2021 1164 Views 0 comment Print

Extension of Validity of Registration Certificates issued under The Foreign Contribution (Regulation) Act, (FCRA) 2010 Expiring/Expired during period between 29.09.2020 and 30.09.2021 The Ministry of Home Affairs (MHA) has extended the validity of registration certificates issued under the Foreign Contribution (Regulation) Act, 2010 which have expired or are expiring during the period between 29.09.2020 and […]

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