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Every Saturday declared as a public holiday for LIC of India

April 15, 2021 3162 Views 0 comment Print

Central Government hereby declares every Saturday as a public holiday for Life Insurance Corporation of India, with immediate effect.

Delhi imposes weekend curfew & tougher weekday restrictions

April 15, 2021 2718 Views 0 comment Print

i. All Shopping Malls, Gymnasiums, Spas, Auditoriums, Assembly Halls, Entertainment Parks and similar places will be closed in Delhi. ii. Cinemas/Theatres/Multiplexes will be permitted to open with 30% of their seating capacity.

RBI releases Names of Applicants for ‘on tap’ Licensing of Universal & Small Finance Banks

April 15, 2021 420 Views 0 comment Print

RBI today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks. As on date, applications for Universal Banks and Small Finance Banks, under the aforementioned guidelines, have been received by the Reserve Bank from the following applicants:

New Break The Chain Guideline for Maharashtra wef 14.04.2021

April 13, 2021 23757 Views 0 comment Print

a. Essential services shops to operate while ensuring Covid Appropriate Behavior (CAB) by owners, staff working there at as well as customers in the shop premises. b. Essential shops owners and person working at all shops to get vaccinated at the earliest, as per criteria of GOI. All shops are advised to follow safety measures like interaction with customers through a transparent glass or other material shields, electronic payment etc.

How to get proper credit of taxes paid by you?

April 13, 2021 5743 Views 1 comment Print

(A) The possible reasons for no credit of TDS/TCS being displayed in your Form 26AS: 1. Deductor/collector has not filed his TDS/TCS statement; 2. You have not provided PAN to the deductor/ collector; 3. You have provided incorrect PAN to the deductor/ collector; 4. The deductor/collector has made an error in quoting your PAN in […]

CMA: Exemption from Practical Training for June 2021 Final Exam

April 13, 2021 918 Views 0 comment Print

As decided in the Council of Institute of Cost Accountants of India, Practical Training requirement which is required to be completed before appearing CMA Final Examination [both/ remaining group(s)] is hereby exempted only for June 2021 Term of Final Examination due to COVID-19 pandemic situation.

4-digit/6-digit HSN Code under GST

April 13, 2021 180042 Views 17 comments Print

GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals.

GePP – GST e -Invoice Preparing and Printing Tool

April 12, 2021 13191 Views 0 comment Print

The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System.

Govt Prohibits Exports of Remdesivir till COVID situation improves

April 11, 2021 4995 Views 0 comment Print

The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API) falling under the ITCHS Codes specified above or falling under any other HS Code has been prohibited, with immediate effect.

Bitcoin is not a legal tender money

April 10, 2021 1152 Views 0 comment Print

There are two types of money. One is currency in its physical form published by the central bank by any nation which is authorized to print it according to the specifications and denomination of the respective government. And secondly a credit money which is there in the system and with financial institutions having prerogatives to multiply with interest.

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