Hon Prime Minister of India needs highest applaud for eliminating number of Acts & Rules and introduction of following laws and rescinding 29 other labour laws for ease of doing business and considering health, safety and security of labours / employees : 1) The Code on Wages, 2019 2) The Code on Social Security, 2020 […]
Whole of the Trade & Industry is looking forward towards New Foreign Trade Policy 2021-26 on the background of the dream of Hon Prime Minister to make Indian Economy $ 5 Trillion by 2025 and appeal to the citizens be “Vocal for Local” and “Be Local and Go Global”. Ministry of Commerce is now with […]
India is the part of WTO agreement, wherein it was agreed by all the countries that taxes will not be exported. In other words, tax will not be part of value of cost & services which is getting exported. One of the objective as mentioned in Para 1.06 of Foreign Trade Policy 2015-19 on the […]
India has gone through in absolutely bad phase in the year 2020-21, not only on account of pandemics of COVID-19 but number of aspects w.r.t. business and tax compliances. At present, trade & industries and professionals are struggling to revive their business and liquidity is the only oxygen for them for survival of the business. […]
After the introduction of GST, number of cases were noticed that some suppliers do not file the returns even though they have not opted for composition scheme or below threshold limit. They do not upload their transactions in the form of GSTR-1 and do not pay the tax thereon, full or partly and there was […]
New Foreign Trade Policy was expected w.e.f. 1st April 2020 addressing the issues, which was raised by USA against India before WTO Authority and WTO Authority have held the EPCG Scheme, DFIA Scheme, EOU Scheme and SEZ Scheme violating the principles of WTO. Albeit Govt of India have filed the appeal against the same and […]
Q1. What is MSME? Ans: ♥ MICRO SMALL and MEDIUM ENTERPRISES (Under MSMED Act 2006) ♥ Engaging Manufacturing or Production of goods as well as enterprises engaging in providing or rendering of services other than: 02 Forestry and Logging 03 Fishing and Aquaculture 45 Wholesale and retail trade and repair of Motor Vehicle and Motorcycles […]
Epidemics of COVID-19 is not only alarming for the persons who have been infected, but equally or more damaging to the world economy even worst than second world war. Almost all the countries are badly affected and economy of each country in the world is not only showing the negative growth but is eroding liquidity, […]
COVID-19 almost occupied each country of the World. It was first detected in the month of Jan 2020. Perhaps, it has not been considered that seriously by such countries. The statistics are as shown in the below table at the start of epidemics is really alarming. In view of the growing demand for hand sanitizers, […]
Now, taxpayers and professionals are thinking to get relaxed and concentrate on core sectors of business after introduction of GST w.e.f. 1st July 2017. However, perhaps this also will become the dream, since lot of activities are in pipeline, which are given below: -E-Invoicing w.e.f. 1st April 2020 -New Tax Return e.f. 1st April 2020 […]
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