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Top USA Hiring Agency Achieves ISO 27001:2013 Certification

Top USA Hiring Agency Achieves ISO 270012013 Certification

Modern Hire is always determined to secure and protect client’s data and after the expansion of the firm in a global world, a need for Certification for ISO standard was necessary, so, the company earned ISO 27001:2013 Certification. This step proves how Modern Hire is committed to its hiring work by offering the secured compliances … Read more

Impact of GST on Accounting & Financial Statements

The Goods and Services tax (GST) has been specified as one of most important tax reforms post-independence. It is a tax trigger, which will lead to business transformation for all important industries. In this article, we will discuss on Impact of GST on Accounting & Financial Statements. Impact of GST on Accounting There will be … Read more

Oxygen Imports Exempted From GST, With Caveats

COVID-19 Vaccine, Oxygen Imports Exempted From GST, With Caveats

With the rise of the second wave of Coronavirus, the Government of India took several steps to bring the situation to a normal condition, and still, the battle is going on. Recently, it has been observed that demand for Covid materials such as vaccines, Remdesivir medicine, and oxygen has significantly increased and most of the … Read more

Compliances under GST for NRIs

Compliances under GST for NRIs

The goods and services tax is the biggest milestone in the history of taxation. Earlier, various forms of taxes were put on the citizens and the distribution of taxes between the state and center was complicated. So, the concept of tax on common goods and services was introduced in the entire country to simplify the … Read more

No GST on Import of COVID relief products

No GST on Import of COVID relief products

In view of the Covid-19 pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief. In this article, we will discuss No GST on the Import of COVID relief products. No GST on Import of COVID relief products In view … Read more

GST on Imported Oxygen Concentrators Slashed

GST on Imported Oxygen Concentrators Slashed

This post deals with a subject directly related to the Covid-19 crisis. We would urge readers to read it until the end to keep themselves updated on the latest developments. GST on Imported Oxygen Concentrators Slashed On May 1, 2021, most Indians woke up hearing a piece of good news, ‘GST on Imported Oxygen Concentrators … Read more

No income tax penalty on Hospitals accepting cash from patients

Due to the Covid-19 pandemic, the Ministry of Finance issued notification in this regard on Friday announcing relaxation for the Covid Care hospitals in Section 269ST of the Income Tax Act. In this article we will discuss on No income tax penalty on hospitals. No income tax penalty The central government has facilated Income Tax … Read more

Penalty / Interest Waive off on GST Late Return filing

CBIC extends GST Return Due Dates Waives Late fee for GSTR3B

While the country is grieving from the COVID-19 pandemic, the Government has provided great relief to the taxpayers by extending the deadlines to file various GST returns. The Government also waived off the late fee payable for the delayed filing of GSTR-3B. In this article, we will discuss on Penalty / Interest Waive off on … Read more

MCA Relaxation amid CoVID-19 announced on 03rd May 2021

MCA Relaxation amid CoVID-1

Due to the Covid -19 pandemic, the Ministry of Corporate Affairs has issued 3 Circulars on May 03, 2021, to provide Relaxation Compliance under Companies Act, 2013 in respect of ROC Form Filings and Holding of Board Meetings. In this article, we will discuss MCA Relaxation amid CoVID-19 announced on 03rd May 2021. MCA Relaxation … Read more

TDS payment and return filing due date extended

TDS payment and return filing due date extended

Due to the Covid-19 pandemic, the CBDT has issued the notification for For filing of belated tax returns and revised return for the assessment year 2020-21, which was required to be filed on or before 31 March 2021, the extra time has now been given till 31 May 2021. In this article, we will discuss … Read more