HSN & SAC Code 1. As per the notification from Govt on 15th Oct 2020, businesses having turnover of more than 5 Cr, 6 or more digits HSN/SAC code is required in HSN summary during GSTR-1 filing. This is effective from 1st April 2021. 2. For this compliance, we will be validating E-Invoice data and […]
The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in first two months of the quarter and file Form GSTR-1 in third month of the quarter. As IFF is an optional facility it cannot be filed after the end date (13th of the month succeeding the IFF period). The document […]
Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs. The total amount of compensation released so far for the year 2020-21 is Rs. 70,000 crore. As per the decision of GST Council, back to back loan of Rs. 1,10,208 crore has also been […]
The Central Bureau of Investigation has arrested an Executive Engineer (Electrical) of CPWD, Hyderabad and a Superintendent of Central Excise & Central Tax (GST) Honnavar Range, Uttara Kannada in separate cases of bribery.
The National Consumer Disputes Redressal Commission (NCDRC) has ordered to refund of the full amount paid by five homebuyers in a residential project in Gurugram and also instructed two Delhi-based builders to pay 9% interest for delay in giving possession of the residential flats. The homebuyers had booked the residential flats in the year 2011 & 2012 […]
A Four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. This plan was chalked out in a meeting convened by the Logistics Division, Department of Commerce, Government of India today. The meeting was chaired by Shri PawanAgarwal, Special Secretary (Logistics) and attended by the Ministry of Ports, Shipping and Waterways, ADG Shipping, Container Shipping Lines Association (CSLA) and Federation of Indian Export Organisations (FIEO).This plan includes –
The Special Judge for CBI Cases, Mumbai has sentenced Shri Vinayak Dhondiram Sonawane then Area Enforcement Officer, EPFO, Mumbai to undergo five years Rigorous Imprisonment with fine of Rs. 5,000/- for possession of disproportionate assets.
Result Analysis of The Institute of Cost Accountants of India Examination held in December 2020 (Intermediate and Final) Intermediate Examination held in December 2020 The details of percentage of the candidates passed in the above said examinations are given below: Intermediate Examination held in December 2020 Candidate appeared for No of candidate appeared No of […]
Non Adherence to Secretarial Standards lands Companies in a soup ;ROC imposes penalty The Companies Act, 2013 has entered into a maturity phase as its inception is over seven years. Secretarial Standards were introduced to plug in the gap that the Act did not provide for as a measure of good Corporate Governance. Yet, the […]
Finance Minister Smt. Nirmala Sitharaman launches Central Scrutiny Centre and IEPFA’s Mobile App to leverage digital solutions to achieve Prime Minister’s vision of ‘Digitally empowered India’
