The Ministry of Textiles had proposed easing out of norms under Amended Technology Upgradation fund scheme (ATUFS) during post lockdown period of Covid- 19 outbreak vide its order no. 6/5/2015-TUFS(Pt) dated 13/04/2020 . In this regards, Office of Textile commissioner has issued a circular No: 12(1), ATUFS/Policy/2019/TUFS/Del. Of Fin Prs/dated 15/04/2020 stating modification of provision […]
A New section, 115BAC has been introduced vide clause 53 of the Finance Act, 2020 with respect to tax on Individuals and HUF. The said section will apply from AY 21-22 and subsequent AY’s. The said scheme provides for concessional rate of tax as follows: Sl. No Income New Rate – 115BAC Existing Rates 1 […]
Brief Summary of GST Notifications issued by CBIC on 3rd April 2020 In view of the spread of COVID-19 across the country, Government of India has provided relief relating to the compliances under the GST act, the same has been summarized below: Notification No 30/2020 – Central Tax issued by CBIC on 3rd April 2020 […]
Insolvency & Bankruptcy Code, 2016 (Code) was introduced as a reform to improve the financial health of the banks. The objective of the Code is Resolution and the purpose of same being maximization of value of assets of the ‘Corporate Debtor’ and thereby for all creditors. In addition, the objective is to promote entrepreneurship, avaibility of credit and balance the interest of all stakeholders and not a ‘stakeholder’ or ‘a set of stakeholders’.
A Company shall have a registered office within 30 days of its incorporation. It is the official address of the company incorporated under the provision of Companies act 2013 or under any previous company law. The procedure to change the registered office of the Company from one State or union territory does not only involve change […]
♦ Goods Transport Agency (GTA) under GST – A Critical Analysis – ‘goods transport agency‘ means any person who provides service in relation to transport of goods by road and issue consignment note, by whatever name called;” – Services by way of transportation of goods (Heading 9965): By Road except the services of: – A […]
GST RELIEF MEASURES PROVIDED BY THE GOVERNMENT IN VIEW OF COVID-19 OUTBREAK- Whether Sufficient relief provided As we know that due to Corona virus outbreak in the whole world, the world economy has been paralysed including India. Hence, to mitigate the losses to the business in our country, our Finance Minister has taken several measures. […]
We are all seeing the most catastrophic event affecting the world by way of coronavirus (COVID-19). Nations across the globe have been severely affected in ways which they had least anticipated and were unprepared for. Economies of the nations have been affected, their health care systems have been severely tested and employment opportunities have been […]
Evaluation of Impact on Economy Traders at the receiving end of problems. Companies – Will they perish under the burden of the statutory and regulatory compliance? Will MSMEs sink with the economy? Increase in demand of Life & Health Insurance. Pharma Sector, the need of the hour! Logistics – Is it affecting the supply chain? Impact […]
Introduction: -Section 185 of CA, 2013 was notified on September 12, 2013 and came into force on the same date replacing the old section 295 of the Companies Act, 1956 which provides for loans to directors. -With the recommendation of the Company Law Committee (CLC) the said section got substituted via Companies (Amendment) Act, 2017 […]
