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Top-5 Factors to Evaluate Before Opening a Fixed Deposit Account

August 24, 2021 5394 Views 2 comments Print

Fixed deposit is the most popular investment instrument in India. Any Indian citizen can invest in fixed deposits and get assured returns. People usually invest in fixed deposits to fulfill significant financial goals like house construction, motor vehicle purchase, wedding, higher education, etc. A fixed deposit can also help you plan your retirement efficiently.

Money 2.0 | Taxation of Cryptocurrencies | Income Tax Perspective

August 24, 2021 8052 Views 0 comment Print

As per Investopedia, a cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. A defining feature of cryptocurrencies is that they are generally not issued by any central governmental authority and thus immune to government interference or manipulation.

Refund of Service Tax was allowed with Interest allowed on export

August 24, 2021 2511 Views 0 comment Print

d. Held that the department has committed an error to reject the CENVAT Credit and there lies no power or jurisdiction with the lower authority to re-adjudicate the matter again. Refund Claims of the Appellant thereby allowed.

Lassi is Exempted under GST

August 24, 2021 4116 Views 0 comment Print

In M/s. Sampoorna Dairy and Agrotech LLP. [Advance Ruling No. GUJ/GAAR/R/30/2021 dated July 19, 2021], M/s. Sampoorna Dairy and Agrotech LLP. (Applicant) has sought an Advance Ruling on whether the product ‘Lassi’ but named as ‘Laban’ is to be classified as Lassi itself and whether the same is exempted under the Central Goods and Services […]

Concept of mandatory contribution towards CSR

August 24, 2021 3315 Views 0 comment Print

Corporate Social responsibility The Concept of mandatory contribution towards Corporate Social responsibility (CSR) might be very new to us but in India, the concept of ‘Social responsibility‘ very much older. If we talk about social Responsibilities of a person then different religions have their own philosophies and doctrines about social responsibilities in different context. In […]

Raksha Bandhan: Relation between seller and buyer under GST

August 23, 2021 6768 Views 0 comment Print

Krishna, the Festive season has just begun. Recently, the festival of Rakshabandhan was celebrated in India with great enthusiasm. But how and when will the GST Taxpayer celebrate Rakshabandhan. In other words, to check whether input tax credit matches with GSTR-2A and output taxes match with GSTR-3B, GSTR-1, E-way Bill, and also with books?

Highlights of LLP (Amendment) Act, 2021

August 23, 2021 12975 Views 0 comment Print

Highlights of the amendments passed in the Limited Liability Partnership Act, 2008 through the Limited Liability Partnership (Amendment) Act, 2021 by CL&CGC ICAI.

New Scheme For Exports | Ubharte Sitaare Fund

August 23, 2021 3597 Views 0 comment Print

After just 3 days from announcement of RoDTEP scheme for exporters, Finance Minister Launched “Ubharte Sitaare Fund” on 21 August 2021. Union Finance Minister Nirmala Sitharaman on Saturday, addressing the launch of the ‘Ubharte Sitaare Fund’ said the micro, small and medium enterprises (MSMEs) are the backbone of the economy, and that the government has […]

How a NGO can Increase the Chances of it’s Success with CSR Funding

August 23, 2021 3930 Views 0 comment Print

How a Non-Governmental Organization (NGO) can Increase the Chances of it’s Success with CSR Funding Many NGOs are working at the grassroots level to provide actual benefits to society, but only a small percentage of them are able to obtain CSR funds. The fact that NGOs are unable to adequately present their projects and what […]

RoDTEP Scheme & Rates: Is It a fit Case for Invoking Writs?

August 23, 2021 3075 Views 1 comment Print

The New Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme and Rates announced by The CBIC on 17th August in place of the MEIS Scheme has not lived up even to minimum expectations of Trade & Industry. The Rates of  Merchandise Export from India Scheme (MEIS) which were being dragged down over the […]

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