Major relief and a piece of positive news for companies incorporated in India. The news is ROC Return Due Date extended further for FY 2020-21. The MCA has notified this through the latest notification in continuation with the previous notification announced in October 2021. The ROC had earlier extended the due date for company annual … Read more
An important and positive news for incorporated companies. The news is that MCA Extended due dates for company annual filings. Earlier, Company’s annual filing is due on 30th October 2021 for the financial year 2020-21. Now, it’s a big relief to the companies this Diwali. Since the due date for filing ROC forms extended further … Read more
Good News for businesses having an LLP Registration. The news comes from the Ministry of Corporate Affairs. As per the latest notification, There is special relaxation for Limited Liability Partnership companies as they were facing several challenges due to COVID-19. This notification is also part of a relaxation scheme given to MSMEs doing business through … Read more
There was a long time confusion whether to pay GST at the rate of 5% or 18% on sale of ice cream in specified ice cream parlors. Accordingly, CBIC has issued the clarification circular on GST on Ice cream sale in parlors. In this article, we will understand the latest updates regarding GST Taxation on … Read more
A critical news for exporters and importers in India. The news related to IE Codes. With effect from October 6, the Ministry of Commerce has decided to deactivate all Importer-Exporter (IEC) codes that have not been updated since January 2005, an action that will aid in accurately assessing the number of legitimate exporters and importers … Read more
A massive relief for companies as ROC due date extended for AGM of FY 2020-21. This latest MCA announcement comes in response to requests made by several companies and other stakeholders. The companies across the nation were requesting an extension of time for the conduct of the FY21 AGM due to covid. Furthermore, The representations … Read more
A huge relief for the nation’s $180 billion industry of BPO (Business Process Outsourcing) and IT Companies. The GST Council on Friday released a clarification that will open up hundreds of crores in tax refunds for IT, financial services, and research and development sector firms, and eliminate the four-year-old problem that has led to large-scale … Read more
On September 17, 2021, Finance Minister Nirmala Sitharaman chaired the first in-person GST Council meeting since the coronavirus pandemic began. The 45th meeting of the GST Council was conducted in Lucknow. The council members discussed a number of GST topics, including state compensation and revisions to GST rates on Covid essentials, whether or not the … Read more
Every business needs funds. Without funding or capital, no business can be successful. In fact, businesses always need funds on a daily basis to carry out their operations. But if you are an entrepreneur or a startup, raising funds can be a challenging task. This article highlights the multiple ways to apply for MSME Loan. … Read more
A piece of Important news for Fruitarians or Vegans, and Vegan Product Businesses in India. The FSSAI has notified new Food Safety Standards and formulated a new safety code for Vegan food. The draft notification was issued on September 6, 2021. Thus, this article discusses the new notification by FSSAI on Vegan Food Products in … Read more