Measures for streamlining compliances in GST (45th GST Council Meeting dated 17th Sept 2021)

Refer YouTube video link https://youtu.be/H0VJVlQoYrU Aadhaar authentication of registration to be made mandatory for being eligible for filing refund claim and application for revocation of cancellation of registration. Late fee for delayed filing of FORM GSTR-1 to be auto-populated and collected in next open return in FORM GSTR-3B. Refund to be disbursed in the bank account, which is linked withContinue reading “Measures for streamlining compliances in GST (45th GST Council Meeting dated 17th Sept 2021)”

Secretary MSME underlines need for hand-holding support to MSMEs through capacity building trainings, exchange of best practices and technologies

Secretary MSME underlines need for hand-holding support to MSMEs through capacity building trainings, exchange of best practices and technologies IBSA Conference calls for collective efforts towards better collaborations amongst the three nationsPosted Date:- Sep 08, 2021 Secretary (MSME) Shri BB Swain has said that the IBSA forum plays an important role in creating awareness aboutContinue reading “Secretary MSME underlines need for hand-holding support to MSMEs through capacity building trainings, exchange of best practices and technologies”

GST Revenue collection for August 2021₹ 1,12,020 crore of gross GST revenue collected in August

Ministry of Finance Press Release dated 01 Sept 2021 The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of goods) and Cess is ₹ 8,646 crore (including ₹ 646 crore collected on importContinue reading “GST Revenue collection for August 2021₹ 1,12,020 crore of gross GST revenue collected in August”

Hallmarking scheme becoming a grand success II Any one can get existing Jewellery Hallmarked and get true Valuation of Gold and their savings

Ministry of Consumer Affairs, Food & Public Distribution Hallmarking scheme becoming a grand success . More than ONE CRORE pieces of jewellery Hallmarked More than 90000 Jewellers registered already Nearly 4 lac pieces of Jewellery getting hallmarked each day now HUID-based hallmarking a win-win situation for everyone, as it brings about transparency in the functioningContinue reading “Hallmarking scheme becoming a grand success II Any one can get existing Jewellery Hallmarked and get true Valuation of Gold and their savings”

News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-06 Aug 2021

All newspaper compilation from Economic times, Live mint & Financial express on Entrepreneurship, Taxation, Personal Finance & Succession planning. Refer link: 1.* Revamped tax-filing portal is still giving taxpayers trouble* https://www.livemint.com/money/personal-finance/revamped-tax-filing-portal-is-still-giving-taxpayers-trouble-11628188582846.html 2. *How to apply for gold loan using SBI YONO* https://economictimes.indiatimes.com/wealth/borrow/how-to-apply-for-gold-loan-using-sbi-yono/articleshow/85063913.cms 3. *Before writing a will for your estate planning, know what it typicallyContinue reading “News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-06 Aug 2021”

News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-05 Aug 2021

All newspaper compilation from Economic times, Live mint & Financial express on Entrepreneurship, Taxation, Personal Finance & Succession planning. Refer link: 1. *New app for property tax payers* https://economictimes.indiatimes.com/wealth/real-estate/new-app-for-property-tax-payers/articleshow/85030354.cms 2. *Partition of HUF under Hindu Law and Income Tax Act* https://www.financialexpress.com/money/income-tax/partition-of-huf-under-hindu-law-and-income-tax-act/2303939/ 3. *Families of covid victims in debt trap as insurers reject claims* https://economictimes.indiatimes.com/wealth/personal-finance-news/families-of-covid-victims-in-debt-trap-as-insurers-reject-claims/articleshow/85059099.cms 4. *IPOContinue reading “News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-05 Aug 2021”

Thought of the day- 28 July 2021 -Each is great in his own place (Part-2)

Karma-Yoga has specially to deal with these three factors (Goodness, passion & ignorance) . By teaching what they are and how to employ them, it helps us to do our work better. Human society is a graded organisation. We all know about morality, and we all know about duty, but at the same time weContinue reading “Thought of the day- 28 July 2021 -Each is great in his own place (Part-2)”

News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-28 July 2021

1. *Tax on your gold and real estate investments* https://www.livemint.com/money/personal-finance/tax-on-your-gold-and-real-estate-investments-11627411856287.html 2. *Real estate developers offer flexible designs to cater to the changing needs of homebuyers* https://economictimes.indiatimes.com/wealth/real-estate/real-estate-developers-offer-flexible-designs-to-cater-to-the-changing-needs-of-homebuyers/articleshow/84781223.cms 3. *Tech-focussed funds have had a rich harvest. Will it continue?* https://www.livemint.com/money/personal-finance/techfocussed-funds-have-had-a-rich-harvest-will-it-continue-11627413764402.html 4. *Adopted child alone gets property if adoption deed provides for it* https://www.livemint.com/money/personal-finance/adopted-child-alone-gets-property-if-adoption-deed-provides-for-it-11627412662694.html 5. *Superannuation funds canContinue reading “News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-28 July 2021”

News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-27 July 2021

All newspaper compilation from Economic times, Live mint & Financial express on Entrepreneurship, Taxation, Personal Finance & Succession planning. Refer link: 1. *I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually?* https://economictimes.indiatimes.com/wealth/tax/i-have-a-monthly-recurring-deposit-of-rs-20000-will-i-have-to-pay-income-tax-annually/articleshow/84757434.cms 2. *Real estate developers offer flexible designs to cater to the changing needs of homebuyers*Continue reading “News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-27 July 2021”

News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-22nd July 2021

All newspaper compilation from Economic times, Live mint & Financial express on Entrepreneurship, Taxation, Personal Finance & Succession planning. Refer link: 1. *Are Portfolio Management Fees Tax Deductible?* https://www.livemint.com/money/personal-finance/are-portfolio-management-fees-tax-deductible-11626898473165.html 2. *CBDT grants further relaxation in e-filing of Income Tax Forms to August 15* https://economictimes.indiatimes.com/wealth/personal-finance-news/cbdt-grants-further-relaxation-in-e-filing-of-income-tax-forms-to-august-15/articleshow/84610027.cms 3. *How NRIs are taxed in India* https://www.livemint.com/money/personal-finance/how-nris-are-taxed-in-india-11626899587966.html 4. *90 uniqueContinue reading “News update-Entrepreneurship, Taxation, Personal Finance & Succession planning-22nd July 2021”