Now, you will need to pay for ready-to-eat Popcorn 18% GST. The Gujarat Bench of the Authority of Advance Ruling (AAR) has stated that the rate of the GST on popcorn in India should now be raised to from 5% to 18%. Let us understand this new concept GST on popcorn in India. Authority … Read more
Recently, Reserve Bank of India clarifies in the Delhi High Court that Google pay is a third-party app provider. They are not operating any payment system. RBI said that Google pay is not in the list of authorized payment system operators in the list published by the National Payment Corporation of India (NPCI). Many people … Read more
The whole nation is determined to boycott Chinese smartphones and smartphone components. As we all aware of the recent clash between India and China on the Sino-Indian border, along the Line of Actual Control (LAC). India lost 20 soldiers, so there is widespread call all over the nation to boycott china and its products. Govt … Read more
It’s mandatory to specify the country of origin of products while listing them on Government e-Marketplace. PM Sh Narendra Modi has announced new guidelines for GeM Registration to make Aatmanirbhar Bharat or Self- Reliant India. To promote Make in India drive, the Government has decided to implement this new rule on the GeM Platform. Country … Read more
The most recent GST update is that as per the new criteria, Interest on PPF and Savings Bank Deposit shall be accounted for deciding threshold for GST registration. Let us understand this update in detail. Role of Interest on PPF, Savings Bank Deposit in GST registration The value of some of the non-taxable incomes … Read more
Central Board of Direct Taxes (CDBT) has recently notified the Cost Inflation Index (CII) for FY 2020-21. Cost Inflation Index for Financial Year 2020-21 Central Board of Direct Taxes (CDBT) has notified the Income Tax Cost Inflation Index for FY 2020-21 or AY 2021-22 at 301. Read the CBDT Notification. Now, we understand the concept … Read more
Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more
The Airtel Payments Banks will now provide a new salary account, Suraksha Salary Account, to the MSMEs. Financial problems are not only been faced by migrants but many enterprises too. To help them, big businesses are coming forward and trying to make their life easier in many ways. MSME Suraksha Salary Account The salary account … Read more
The government has now allowed the startups to issue ESOPs i.e. Employee Stock Ownership Plans to their employees for a period of 10 years from their registration as a startup. This is one of the Government Policies to encourage startup growth and entrepreneurship. Earlier, the limit to issue ESOPs or shares to the employees was … Read more
There is a piece of good news for the residents of UP. The Uttar Pradesh govt provides interest relief to builders of different districts of UP. The UP state government has reduced the rate of interest on the land dues so that it can help many people. 3 Administrations where Uttar Pradesh Govt Provides … Read more