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”

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)”

CBDT issued Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961 vide Circular No. 14 of 2021-Income Tax dated 02nd July 2021

1. Finance Act, 2021 inserted a new section 9B in the Income-tax Act 1961 (hereinafter referred to as “the Act”). This section mandates that whenever a specified person receives any capital asset or stock in trade or both from a specified entity, during the previous year, in connection with the dissolution or reconstitution of suchContinue reading “CBDT issued Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961 vide Circular No. 14 of 2021-Income Tax dated 02nd July 2021”

Relaxation of time for filing forms (CHG – 1 & CHG – 9) related to creation or modification of charges under the Companies Act, 2013- Extension of time

MCA vide General Circular No. 12/2021 dated 30th June, 2021 says that In continuation of this Ministry’s GC no. 07/2021 dated 03 May 2021 on Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013- Extension of time- reg. and after due examination of the requests received from stakeholders,Continue reading “Relaxation of time for filing forms (CHG – 1 & CHG – 9) related to creation or modification of charges under the Companies Act, 2013- Extension of time”

Micro food processing Enterprises (PMFME) Scheme

Ministry of Food Processing Industries Press release dated 29th June 2021 Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme under Aatmanirbhar Bharat Abhiyan Completes One Year Seed Capital worth Rs. 25.25 Cr. disbursed to State Rural Livelihood Mission under the scheme ‘One District One Product’ of 707 districts approved for 35 States/UTs 54Continue reading “Micro food processing Enterprises (PMFME) Scheme”

Presentation of stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic

Presentation of stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman to support Indian economy in fight against COVID-19 pandemic Ministry of Finance Press release dated Jun 28, 2021 Click here for the Presentation **** RM/MV/KMN