COVID-19

Exempt Covid drugs from GST, transfer Rs 6k to eligible

Exempt Covid drugs from GST

Congress interim president has written a letter to the Prime Minister and asked him to exempt GST from the medicines and equipment compelled for Covid-19 treatment and Rs 6,000 should be transferred every month in the accounts of those who are eligible. In this article, we will discuss on Exempt Covid drugs from GST. Exempt … Read more

States yet to pay ESIC for COVID-19 hospital use: Parliament Proceeding

States yet to pay ESIC

The State Government has announced the notification for employees state insurance corporation. Further, the State governments are also to reimburse the Employees State Insurance Corporation (ESIC) for the medication of non-ESI beneficiaries at the ESI hospitals that were proclaimed COVID-19 hospitals last year, the Labour and Employment Ministry. In this article, we will discuss States … Read more

GSTR-1 Due Date October December 2020

GSTR-1 Due Date October December 2020

The government releases the GST return forms details which are mandated to be filed according to the due dates for quarterly filing of Goods and Services Tax Returns for the third quarter of 2020 under GST notification. In this article, we will discuss the notification on GSTR-1 Due Date October December 2020. GSTR-1 Due Date … Read more

MCA extends LLP Compliances Due Dates again 

LLP Settlement Scheme 2020

 In the COVID pandemic, ministry of company affairs extended AGM due date till 31st December 2020 from 30th September 2020 however there was no announcement towards the extension of LLP ROC compliances due date. Now the most awaited extension of LLP compliances due dates announced by extending LLP Settlement Scheme to enable LLPs to make … Read more

Extension of AGM Date without Filing of Form GNL-1

Extension of AGM date

A big relief is given by the Ministry of Corporate Affairs (MCA) to the companies today by extension of AGM date for holding Annual General Meeting till December 31st from September 30th. Let’s understand in detail –  Extension of AGM Date  Due to the Covid-19 pandemic, the ministry of corporate affairs has diminished the compliance … Read more

Extension of AGM date due to Covid-19 Pandemic

extension of agm date

Due to the Covid-19 pandemic, the ministry of corporate affairs has reduced the compliance burden on the corporate sector which partially opened up the industry. MCA has received several representations to allow companies to provide an extension of AGM (Annual General Meeting) date for the financial year which is about to due on 30.09.2020. Recently, CBDT … Read more

GDP Q1 Data: GDP growth of India Falls in 2020-21

GDP growth of India

The COVID-19 pandemic has harm the Indian economy which gets reflects with the diminishing GDP growth of India. The Lockdown, which was imposed on 25th March 2020 in India, has given a huge difficulty to the key 8 infrastructure sectors. Based on the data released by the government, multiple sectors has now almost brought the … Read more

Trademark Hearing allowed through Video Conferencing

trademark hearing

  Due to the blow of COVID-19 Pandemic, all trademark hearing fixed during the lockdown period was left unattended. Trademark officials are also afraid to interact with the public at large in order to avoid coronavirus spread and therefore, all trademark processes stopped somewhere. Accordingly, trademark authority has decided to conduct trademark hearing through Video … Read more

41st GST Council Meeting on GST Compensation to States 

gst compensation to states

 The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”.   Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more

Maharashtra Government reduce stamp duty to boost Real Estate Sector

redece stamp duty on real estate

The COVID-19 has put the adverse effect not only on the real estate sector but other sectors as well. The blow due to COVID pandemic is very big and it will take time to come out of the glut. The Maharashtra government has decided to reduce stamp duty on real estate to encourage homebuyers to … Read more