GR No: Plan-2019 / Q.No.121 / Industry-7 dated 1-8-2019 1). The Scheme: Government of Maharashtra has approved the introduction of a new credit linked subsidy programme called Chief Minister Employment Generation Programme (CMEGP) for generation of employment opportunities through establishment of Micro & Small Enterprises (project cost limited to Rs. 50 lacs) in rural as […]
Government Resolution No.: Policy 2017/C.R. 6/Text-5 Dated 17th February, 2018 1. Period of the Textile Policy This Textile Policy will come into effect from the date of issuance of this Government Resolution and will continue to be in effect till 31st March, 2023. 2. Definitions 1. Existing Project: Any project existing prior to the announcement […]
Eligibility: a) Effective from 01st Jan,21 b) Registered Person with Aggregate Turnover (PAN wise) upto Rs 5 Crores c) Option can be availed GSTIN wise d) Return for Preceding Month as on date of exercising option has been furnished New Monthly Compliance/Payment *: a) IFF : 1st/2nd Month of Quarter (Upload B2B Invoices upto Rs […]
YOU CAN RUN, YOU CAN HIDE BUT YOU CANNOT ESCAPE. This is the motto of Section 69 read with Section 132 (1) (a) to (k). What is Section 69? Section 69 empowers the Commissioner to arrest any person who has committed any offence mentioned u/s 132 (1) specified in clause (a) or clause (b) or […]
Gist of Amendments -Omission of a clause of Rule 11 of of Companies (Audit and Auditors) Rules 2014 -Insertion of 3 clauses to Rule 11 with an intent to add more matters to Auditors report Effective Date of Applicability of Companies (Audit and Auditors) Amendment Rules 2021 – 1 April, 2021 Rule 11- Other Matters […]
Taxability of a person is largely dependent on residential status. The Indian Government had also brought out major changes in provisions related to determination of residential status in last year. Section 6 of Income Tax Act Contains the provisions related to determination of residential status.
NN 89/2020 (CT) DT. 29.11.2020, waives the amount of penalty payable by any registered person for non-compliance of not mentioning the QR Code on invoices issued between the period from the 1st day of December, 2020 to the 31st day of March, 2021, subject to the condition that the said person complies with the provisions of the said notification from the 1st day of April, 2021.
The Hon’ble Bombay High Court in Sanjiv Madhusudan Shah v. Assistant Commissioner of Central and Service Tax and ors. [Writ Petition (L) No. 646 of 2021 dated January 12, 2021] has stayed a demand notice issued, seeking to levy service tax upon an Advocate. Facts:- Sanjiv Madhusudan Shah (“the Petitioner”), who is an Advocate by […]
With increased changes and amendments being made in the GST law, it becomes a bit difficult to keep track of each such change and implement the same in a right way within the statutory mandated timeframe. Although GST law provides for various compliances that needs to be carried out on a regular basis i.e. Monthly, […]
Hello readers, Today I discuss very interesting and confusing topic after amendment in Finance Bill 2020– Residential Status- Resident & Non-Resident Indian in very simplified manner.. Now first question comes in our mind why it is important to determine residential status- Residential status is important as on basis of which we determine our total taxable […]
