Discover the new income tax rate of 17.01% for manufacturing companies in India. Learn about the eligibility criteria and effective tax liability.
There are few reports form Tally accounting software which helps a business owner to get a real picture of his business. These reports are very important when it comes to understanding your business, preparing the projections for next 3 months and for taking important decisions. Cash flow Report: Cash flow Report is the report I […]
Background: Quality control is applied to achieve company’s vision to be a distinguished company. By maintaining a standard quality of packing bags often termed as PP Bags, the company can increase its brand in the market. Further, certain industries such as Cement industries are regulated by BIS (Bureau of Indian Standards) norms. The company has […]
Our Financial year is about to end and here are few points which should be considered before closing the financial year. These points should not be missed and every startup or business owner should understand its importance. Closing stock: Ensure that you have properly counted your closing stock and the figures are genuine. Closing stock […]
Corporate Governance Corporate Governance is a system by which companies are directors and controlled. Board of the directors of company has to ensure that efficient corporate governance structure is in place. These Corporate Governance committees if set up properly ensure that the business runs smoothly, it helps the company in framing corporate strategy and many […]
As we all aware that due date for filing monthly GST returns is 10th and 20th of each month. Now due to COVID-19, it is not able to even step out of house, then how can we file our returns? Is there any relaxation given by Government for this problem? We are very much in […]
CBIC Clarification in respect of various measures announced by the Government for providing relief to the GST taxpayers in view of spread of Novel Corona Virus (COVID-19) vide Circular No. 136/06/2020-GST dated 3rd April, 2020. Summary of various Notifications: Conditional waiver of GSTR-3B late fees and interest: Sl. No. (1) Class of registered persons (2) […]
Whether a society, being landowner can be held as a ‘promoter’ under Real Estate Rgulation Act, 2016 (RERA 2016)? The article that we tend to discuss today focuses on critically summarizing the judgement passed by the Hon’ble Maharashtra Real Estate Appellate Tribunal in common appeals filed by Udayachal Goregaon Co-operative Housing Society Limited to challenge […]
CBIC notifies the Due date for filing GSTR – 3B for the month of February 2020, March 2020, April 2020 and May 2020 CBIC vide Notification No. 36/2020 Central Tax dated April 03, 2020 notified the due dates for filing of monthly outward supply return i.e. GSTR – 3B for the period May 2020, in […]
Analysis of Recent GST Notifications & Circulars issued by CBIC on 3rd April 2020 to Provide relaxation to Taxpayers Notif 30/2020 – No 110% Restriction for Returns of February 2020 to Aug 2020 A proviso has been inserted under Rule 36(4) to provide that the condition of Restricting ITC to 110% of GSTR 2A figure […]
