We are of the opinion that this step of Maharashtra Government may be followed by other States independently which may hamper the trade to a great extent because large quantities of trade is based on inter-state transactions and different rules in different states will cripple the economy and the trade particularly the inter-state and intra-state trade. We estimate a business loss of about Rs. One lakh crore in a month in Maharashtra.
Insurance Regulatory and Development Authority Ref. No:2021 | Date:05-04-2021 Comments / suggestions of the stakeholders on draft on IRDAI (General Insurance Products) Regulations, 2021 Currently, General Insurance products are guided by the Guidelines Ref IRDAI/NL/GDL/F&U/030/02/2016 18th February, 2016. 2. Guidelines for product filing have been in vogue since 2000 and have been revised from time to time. […]
DSC Related Important Messages ♦ In case Stakeholder’s DSC has been expired, they are advised to associate new DSC with MCA as a mandatory step before attaching DSC in any form. ♦ Stakeholders are advised to SAVE the form after attaching DSC and then UPLOAD it to avoid system error. ♦ In case Stakeholders are […]
There is no provision of compensation for recipients of COVID-19 vaccine against any kind of side effects or medical complications that may arise due to inoculation. The COVID-19 vaccination is entirely voluntary for the beneficiary. GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH RESEARCH LOK SABHA UNSTARRED QUESTION NO. 3976 TO […]
The banks have almost reported wrong information to the department. The interest reported is twice/thrice than interest shown by the assessee in the income tax return. The banks have reported interest on the basis of consolidation as per form 26Q. Then they have reported on the basis of Form 26AS and thirdly on the basis of individual FDR basis. Some banks have reported the FDR values also. This has created big problem for professionals as to how to reply the wrong and lengthy information in compliance portal
President promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 The President promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on 4th April 2021. The Cabinet had approved on 31st March 2021 the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (Code), through the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The […]
Centre issues Guidance Note to operationalise COVID Vaccination Centres at Work Places (Govt. and Private) From 11 April 2021 all Employees of Work Places aged 45 yrs or more to be Vaccinated at Work Place Vaccination centres With the extension of COVID-19 vaccination to all citizens aged 45 years or more from 1st April 2021, […]
New Functionalities made available for Taxpayers on GST Portal in March, 2021 1 – Registration 1. Assignment of new applications of registration, in certain cases, with same PAN and in same State/ UT New registration applications of the applicants, whose previous application for registration were either rejected by Tax Officer or whose GSTIN was cancelled […]
Since Indian entities preparing Ind AS based financial statements were facing similar challenges and situations like the International scenario and to remain converged with IFRS standards, amendments to Ind AS 116, corresponding to aforesaid amendments issued by IASB, as recommended by ICAI and examined and recommended by NFRA, were notified by the MCA on July 24, 2020.
Cabinet approved proposal for implementation of Production Linked Incentive (PLI) Scheme ‘National Programme on High Efficiency Solar PV (Photo Voltic) Modules’ for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore.
