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Lockdown 2.0: PM announces extension of lockdown till 3rd May

April 14, 2020 1140 Views 3 comments Print

India’s fight against the Corona global pandemic is moving ahead with great strength and steadfastness. It is only because of your restraint, penance and sacrifice that, India has so far been able to avert the harm caused by corona to a large extent. You have endured immense suffering to save your country, save your India.

ICAI members use electronic signature for signing audit reports

April 13, 2020 28164 Views 2 comments Print

Members of ICAI may use electronic signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates. However, the members need to ensure compliance with all the requirements relating to signature prescribed in the relevant law or regulation, Standards on Auditing and relevant announcements/ clarifications issued by ICAI on the matter including the requirement to mention UDIN.

Suggested Industries which shall be allowed to operate during Lockdown

April 13, 2020 1416 Views 0 comment Print

it is felt that certain more activities with reasonable safeguards should be allowed once a final decision regarding extension and nature of lockdown is taken by the Central Government. These new activities are essential to improve the economic activity and provide liquidity in the hands of the people

Extension of Due Dates of Filing GST Returns Due To COVID-19

April 13, 2020 4272 Views 2 comments Print

Effects of the Notifications 30/2020-CT to 36/2020-CT all dated 3rd April, 2020 issued by the CBIC due to COVID-19 Pandemic For Tax Payers having Turnover more than 5 Crores Return Tax Period Original Due Date Extended Due Date GSTR-1 March-2020 11.04.2020 30.06.2020 April-2020 11.05.2020 30.06.2020 May-2020 11.06.2020 30.06.2020 GSTR-3B March-2020 20.04.2020 1. Within 05.05.2020 [Without […]

A Webinar on Pandemic Legal Intelligence & Business Risk Assessment

April 13, 2020 6429 Views 0 comment Print

PANDEMIC LEGAL INTELLIGENCE & BUSINESS RISK ASSESSMENT Join us for a Webinar on 16th April, 2020 (Thursday) 4.00 P.M. to 5.30 P.M. Register at below (No Charges) https:\\bit.ly/2XvkZjJ BEST STRATEGIES and an INFORMED DECISION matters the most! The pandemic crisis of COVID-19 has brought business houses and legal professionals on their toes to assess the […]

Alert for ISDs for data in SAVE stage in their Form GSTR 6

April 13, 2020 1083 Views 0 comment Print

Changes are being made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs). These changes are likely to be implemented on the GST portal with effect from 14.04.2020.

Economic Impact of Coronavirus ( Global and Indian Economy)

April 12, 2020 1839 Views 0 comment Print

Coronavirus outbreak was first reported in Wuhan, China on 31 December, 2019. Before reading in detail about the impact, first, let us study about coronavirus. Coronavirus (CoV) is a large family of viruses that causes illness. It ranges from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute […]

Relaxation in SVLDRS Module- Due to emerging pandemic COVID-19

April 12, 2020 5118 Views 1 comment Print

As we all are aware that, SVLDRS was introduced with the twin objectives- First,  finalize the legacy disputes in Central Excise and Service Tax that are pending at various forum and second, encouraging non-compliant taxpayer/tax evaders to declare the tax not paid so far and come under the tax net voluntarily. The scheme has received […]

Group admins personally responsible for fake news: Mumbai Police

April 11, 2020 1332 Views 0 comment Print

Commissioner of Police, Greater Mumbai, prohibiting any person or group of persons from: dissemination of information through various messaging and social media platforms like WhatsApp, Twitter, Facebook, Tiktok, Instagram etc. and found to be incorrect and distorting facts; or

Independent Director are key to Corporate Governance: Injeti Srinivas

April 11, 2020 819 Views 1 comment Print

The corporate affairs ministry, known as Corporate Governance Agency, is implementing the companies law, has taken various measures, in order to have high-quality people fit to act as Independent Director.  MCA has developed a strong cadre of independent directors with aim to promote Corporate Governance. Independent Directors should not be part of a “cosy club” […]

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