The Finance Minister, Smt. Nirmala Sitharaman, has introduced ‘Notice of Amendments’ to the Finance Bill, 2021 in the Lok Sabha on 22rd March 2021. Lok Sabha has passes the finance bill 2021 with all these changes on 23rd March 2021. 127 changes have been proposed to the original Finance Bill, 2021 which was introduced in […]
GST-related matters are not Ministry of Finance matters. They are the GST council matters in which all states’ Finance Ministers are members. Without the council’s clearance, no step is taken: Smt @nsitharaman in her reply to the debate on the Finance Bill, 2021 in Lok Sabha. GST-related matters are not Ministry of Finance matters. They […]
The Finance Bill, 2021 was passed in the Lok Sabha on 23rd March 2021. The salient features of the bill include: – Reduced compliance burden for senior citizens of age 75 years & above -Tax incentives for Affordable Housing and Affordable Rental Housing -Reduction in Time Limits of Re-opening of Assessment -Setting up of Dispute […]
Allow payment of GST by buyer directly to Government similar to RCM: FAIVM said in its representation Distressed by the complexities and oddities of GST, traders have made a unique effort. Submission of collective representation in series , has been initiated by the Federation of All India Vyapar Mandal (FAIVM), the nation’s apex trade organization. […]
It is a continuous endeavour of the Government to introduce schemes and reforms to promote Ease of Doing Business, increase investments & GDP growth and providing boost to domestic demand with the ultimate objective of ushering in an inclusive growth and well-being of all the sections of the society.
Department of Social Justice and Empowerment has formulated the scheme of National Action Plan for Senior Citizens (NAPSrC) with effect from 01.04.2020 which has a sub-scheme of Programmes for National Institute of Social Defence for Senior Citizens (NISDSrC).
Ministry of Corporate Affairs Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme Posted On: 23 MAR 2021 The Ministry of Corporate Affairs (MCA) through the General Circular no. 12/2020 dated 30.3.2020, launched the “Companies Fresh Start Scheme, 2020 which inter- alia provided opportunity to companies to make good any filing related defaults, […]
The Ministry of Corporate Affairs (MCA) has ordered for investigation and assigned to Serious Fraud Investigation office (SFIO) and Regional Directors (RDs) in the cases where there are allegations of misuse of corporate structure/ fraud.
Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated as per provisions of the Act after due examination of records and following due process of law.
As per information from Insolvency and Bankruptcy Board of India (IBBI), details for the period from 01.04.2020 to 31.12.2020 of the number of companies declared bankrupt in the country after the lockdown was imposed due to COVID-19 pandemic is as under:
