The students (who have already submitted online examination application for May 2020 Examination cycle) shall be allowed to OPT-OUT and carry forward their candidature to next examination i.e. November, 2020 examination cycle.
The Reserve Bank of India, in view of the Covid pandemic, realised the financial emergency and liquidity crunch in our economy due to lockdown, announced moratorium for all loans for a certain period. However, there is dispute about the chargeability of interest by the Banks/ Financial Corporations on this extended period. The business entities, particularly […]
In Part one Author updated Section 1 to 66 of CGST Act 2017 as on 04.04.2020. Author taken CGST ACT, 2017 and GST Rules published in various sites as source files and compiled the booklet with Sections and appended the related rules below each section. CGST Act with Rules – Updated Upto 04-04-2020 (Section 1 […]
Recommendation of 40th GST Council Meeting dated 12th June 2020 Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-2020 1 Relaxation for July-17 to Jan 2020 GSTR3B Return Return Period Late Fee Condition GSTR 3B July-17 to Jan 2020 NIL if no tax liabili ty Maximum 500 per return […]
Government of India Ministry of Finance Department of Economic Affairs *** 12 June, 2020 Statement of Reasons: Decriminalisation of Minor Offences For Improving Business Sentiment And Unclogging Court Processes Decriminalisation of minor offences is one of the thrust areas of the Government. The risk of imprisonment for actions or omissions that aren’t necessarily fraudulent or […]
It is noticed by the Institute that few members and students of the Institute are posting and circulating videos and messages on social media platforms (YouTube; WhatsApp; Facebook; Instagram; Twitter etc.) asking thereby for cancellation / postponement of aforesaid Examinations scheduled to held from 6th July, 2020.
A. Reduction in Late Fee for Past Returns Late Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived as under: -NIL late fee if there is no tax liability; -maximum late fee capped at Rs. 500/- per return if there is any tax liability. The reduced rate […]
Key outcome of 40TH GST council meeting – The 40th GST COUNCIL met under the chairmanship of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here today. Read- Recommendations of 40th GST council related to Law & Procedure Summary of Relief granted by 40th GST Council Meeting to taxpayers Period Category of taxpayers Late […]
The Covid-19 pandemic has throttled the world economy in the last few months, putting a virtual halt to almost all economic activities. Countries world over, including India, resorted to harsh extraordinary measures of complete lockdown to flatten the Coronavirus Curve. However, India INC, notwithstanding the lockdown, has been cohesively trudging the recovery path with its fleet of corporate professionals.
The Modi government in a bit to improve ease of doing business and unclogging courts has decided that 39 sections in 19 different Acts, which have been identified, shall be decriminalised. The government intends to do away with minor financial offences and has sought comments from the stakeholders against this move of decriminalisation as they […]
