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Archive: 27 July 2022

Posts in 27 July 2022

Scheme Launched by Government for MSMEs

July 27, 2022 462 Views 0 comment Print

Government has launched a World Bank supported Central Sector Scheme called Raising and Accelerating MSME Performance (RAMP).  The scheme aims at strengthening institutions and governance at the Centre and State, improving Centre-State linkages and partnerships and improving access of MSMEs to market and credit, technology upgradation and addressing issues of delayed payments and greening of […]

No GST exemption on educational services provided by Tutor Comp Info Tech

July 27, 2022 2262 Views 0 comment Print

In re Tutor Comp Info Tech Private limited (GST AAR Kerala) GST leviable on training/coaching services, as it does not come under the definition of ‘educational institution’ to claim GST exemption The AAR, Kerala in the matter of M/s Tutor Comp Info Tech Private Limited [Advance Ruling No. KER/ 143/2021 dated July 27, 2022] has […]

RoDTEP: Refund Currently Un-refunded

July 27, 2022 4248 Views 0 comment Print

In the current indirect tax regime, GST we already have a system whereby prior stage indirect taxes are taken into account and credit is given for taxes on inputs, and under the IGST Act exports are zero-rated

Top 5 Factors That Make You Eligible For An SME Loan

July 27, 2022 858 Views 0 comment Print

In today’s age of growing entrepreneurship and the emergence of fresh ever-competitive ideas, do not let a lack of capital prevent you from pursuing your entrepreneurial dreams

IS Implementation of GST is Boon or bane to the economy ?

July 27, 2022 10362 Views 0 comment Print

Goods and Service tax is universally known as GST which is consumption based tax currently used in on the supply of goods and service. It is comprehensive tax because it has subsumed almost all the indirect tax except a few state taxes.

Lok Sabha passes Central Universities (Amendment), Bill 2022

July 27, 2022 1332 Views 0 comment Print

Lok Sabha today passed Central Universities (Amendment), Bill 2022 for conversion of the National Rail and Transportation Institute (NRTI), a Deemed to be University into Gati Shakti Vishwavidyalaya (GSV), a Central University.

MahaRERA: Declaration of Separate Bank Account for real estate projects

July 27, 2022 16500 Views 0 comment Print

Every promoter at the time of registration of a real estate project in addition to providing the bank details of the separate bank account in the application for registration shall provide a Declaration about the separate bank account for the real estate project on the Letterhead of the promoter in the manner as detailed in Format ‘A’ annexed hereto.

SEBI signs MoU with the Financial Regulatory Commission, Mongolia

July 27, 2022 423 Views 0 comment Print

SEBI and FRC, Mongolia have entered into a bilateral MoU for mutual co-operation and technical assistance. The MoU has been signed by Ms. Madhabi Puri Buch, Chairperson, SEBI and Mr. Bayarsaikhan Dembereldash, Chairman, FRC.

Jay Cee Chemists guilty of not passing ITC benefit on Sanitary Napkin’s

July 27, 2022 480 Views 0 comment Print

NAA held that Jay Cee Chemists did not pass on the benefit of exemption of GST on Sanitary Napkin’s amounting to Rs. 2048 to Customers.

Rupee Depreciation against US Dollar

July 27, 2022 2130 Views 0 comment Print

Dive into the recent headlines about the Rupee hitting a record low against the US Dollar. Explore the reasons behind the slide, including geopolitical risks, foreign fund outflows, and increased interest rates in the US. Understand the complex dynamics influencing the currency market and the role of the Reserve Bank of India.

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