With an aim to align the time limit for generating UDIN with the Standards on Auditing and Standard on Quality Control, the Council at its 405th meeting held on 17th September 2021 has decided that the time limit of generating UDIN would be 60 days from the date of the signing of certificates/reports/document instead of 15 days henceforth.
Thanks to digital technology, doing business across the world is now easier. The way we do business has extremely changed today. Advertising agencies now use different approaches to their campaigns. Brands now reach more customers.
Suggestions to provide ease of business to dealers addressing burning issues in law & to make GST actually ‘simple’ so that compliance level can be increased. These SUGGESTIONS can assure lot of relaxation to businessmen against in-genuine hardships. >Regarding Seamless ITC 1. REMOVE ITC restrictions of rule 36(4) and proposed Sec. 16(2)(aa) REMOVE Rule 36(4) […]
The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure:
Investing is all about informed decisions that are based on your market’s knowledge and insights from analytics. Market sentiments are influential in deciding the course of the market, but you should steer clear of emotions while investing in equities or even in SIP investments.
GST refund can be claimed under various grounds by the exporters/taxpayers on ground of excess amount if they have paid more than the GST liability. Refund can be claimed on below mentioned grounds: Refund of unutilized input tax credit (ITC) on account of exports without payment of tax; Refund of tax paid on export of […]
Respondent passed an order without affording adequate opportunity of hearing to the petitioner and recovered the demand amount after attachment of bank account of the petitioner.
Ministry of Corporate Affairs has introduced the Rule 9A ‘Extension of Reservation of Name in certain cases‘ on 24th December, 2020 vide Companies (Incorporation) Third Amendment Rules, 2020. This Rule provides the extension in the time limit for reservation of name approved by Central Registration Centre (CRC). Before discussing about Rule 9A, let’s discuss the […]
NFRA is a creation of Sec 132 of the Companies Act, 2013. Though the section was enacted with the rest of the Act in 2013, it was finally notified only in 2018, after the PNB scam came to light. NFRA’s functions are laid down by sub section (2) of Sec 132 as covering:
Many of us are awaiting for DGFT online portal to start with online application filing of MEIS, SEIS and RoSL / RoSCTL for the exports made till December 2020. In the meantime, the Commerce Ministry has issued Notification No. 26/2015-2020 dated 16 September 2021 to notify Last date for submitting applications for scrip based FTP schemes and […]
