News

ISO Certifications for Infrastructure Services

ISO Certifications for Infrastructure Services

Service Infrastructure is the cloud service that you get on request, on a pay-as-you-go basis. It also involves critical computing, storage, and networking resources. Thus, Infrastructure Services are trending each day. However, to be successful as an Infrastructure Service User or Provider, we need to follow some standards. ISO sets these standards under ISO Certifications. … Read more

No GST on Papad, whatever Shape, Name or Form

No GST on Papad, whatever Shape, Name or Form

No GST on Papad – The CBIC(Central Board of Indirect Taxes and Customs) has made it clear. In the recent tweet, the CBIC declared that no GST is levied on Papad whatever its shape, name, or form is. Let us discuss this update in detail. What is GST? GST stands for Goods and Service Tax. … Read more

No ITR filing for Senior Citizens aged 75 years and Above

No ITR filing for senior citizens aged 75 years and above

The latest update for Taxpayers, as the government has announced No ITR Filing for citizens aged 75 years and above. The announcement was made in Finance Budget, 2021. Thus, The Central Board of Direct Taxes (CBDT) has now issued regulations and declaration forms that elderly persons must file with the designated bank, which will deduct … Read more

GST Audit To Be Discontinued With The Effect Of 1st August 2021

GST Audit To Be Discontinued With The Effect Of 1st August 2021

GST audit to be discontinued and won’t be held by the Central Council for Indirect Taxation and Customs (CBIC) w.e.f. 1st August 2021. Throughout the execution of the authorities given in Article (b) of sub-section (2) of Section 1 of the Finance Act, 2021 (13 of 2021), the Central Government hereby determines the date on … Read more

ITR Filing Due Date Extended For FY21

ITR Filing Due Date Extended FY21

A massive relaxation for taxpayers as ITR Filing Due Date Extended For FY21. As most of us know, taxpayers and professionals have reported several glitches and malfunctions in the new income tax portal since its launch. It’s become essential to extend all upcoming income tax filing due dates. Therefore,  the government has now announced the … Read more

Effitrac Solutions Partners with RazorpayX to Empower MSMEs

Effitrac Solutions Partners with RazorpayX to Empower MSMEs

The positive news for businesses having MSME Registration. The latest news is Effitrac Solutions Partners with RazorpayX. The motive behind this partnership is to empower the MSME sector of India. In this article, we will understand this news in detail. About Effitrac Effitrac is simple end-to-end business technology. It is a SaaS(Software as a Service) … Read more

No GST on World Economic Forum’s Liaison office

No GST on World Economic Forum's Liaison office

A piece of welcoming news for World Economic Forum offices in India. The news is No GST on World Economic Forum’s Liaison Office in India. As a result of this update, the India liaison office will not need to be registered locally. In this article, we will understand this new update by AAR, Maharashtra. What is … Read more

E-Way Bill not required for Transportation of ‘Used Personal Vehicle’

E-Way Bill not required for Transportation of 'Used Personal Vehicle'

There is the latest update for taxpayers i.e. E-Way Bill not required for Transportation of ‘Used Personal Vehicle’. The Kerala High Court recently ruled this. In this article, we will discuss the latest update of the E-Way Bill not required for Transportation of ‘Used Personal Vehicle’. What is the E-Way Bill? E-waybill refers to the … Read more

Punjab GST collection rises by 20.41% in August 2021

Punjab GST collection rises by 20.41% in August 2021

In August this year, the GST (goods and services tax) revenue income for the State of Punjab increased at Rs 1,188,70 crore by 20.41% compared to Rs, 987,20 crore by August 2020. Thus, it is indicating a quick economic rebound following the second COVID-19 wave. In this article, we will read about the latest update … Read more

Income Tax Benefits Available On Housing Loan

Income Tax Benefits Available On Housing Loan

The administration has given several Income tax benefits to the assessee on accommodation loans. Income Tax Act offers tax advantages on refunding a principal constituent of loan and refunding interest constituent of loan. In this article, we will discuss on Income Tax Benefits Available On Housing loans. Income Tax Benefits Available On Housing Loan Deduction … Read more