News

GST Exempt on PPE kits: Pros and Cons

gst exempt ppe kit

The Government has exempt GST on PPE kits, and this has both negative & positive sides. As we all know the Coronavirus pandemic is unceasingly growing and no vaccine has been developed as yet. One of the essential commodities during this time is the PPE kit. The government has exempt GST on PPE kits. However, … Read more

Lockdown in Telangana now Extended till 29th May

telangana lockdown

Telangana has become the first state in the country to extend the lockdown till 29 May. The Chief Minister of Telangana Sh. K. Chandrasekhar Rao announced his decision to extend the lockdown. Further, Rao stated that the Public should buy all of the essential items by 6 pm and they must reach their residences. After … Read more

Govt Clarifies Residential Status of NRIs in India during Lockdown

residential status of NRIs

Central Board of Direct Taxes (CBDT) has recently clarified on the residential status of NRIs staying in India during Lockdown. The COVID-19 lockdown has not only brought businesses to a halt but has also changed the way of life. Besides, some important legislative changes have taken place in the past few days. Recently a change … Read more

Donation to Ram Janambhoomi Mandir eligible for 80G Exemption

80g exemption for Ram Janambhoomi trust

The Tax department has announced on 8th May 2020 that Shri Ram Janambhoomi Teerth Kshetra Trust has been placed under section 80G of the Income-tax Act 1961. With that, any donation made to the Ram Janambhoomi Teerth Kshetra Trust will be totally tax-exempted under the provisions of section 80G of the Income Tax Act for … Read more

Delhi Government Launches e-token system for Liquor buyers

e-token system liquor

Delhi government has now decided to start the e-token system for buying liquor, in order to reduce the massive crowds outside Delhi liquor shops. As we know, the liquor shops were reopened on 4th May after the Lockdown due to COVID-19 was extended till the 17th of May. A huge crowd was witnessed at the … Read more

India Witnesses 2 Gas Leak accidents in Visakhapatnam and Chhattisgarh

gas leak accidents

India has recently witnessed 2 severe cases of work-place accidents, as several people of Visakhapatnam (AP) and Raigadh (Chhattisgarh) have died due to gas leak from factories on 7th May. The infrastructural development of any nation is not perceivable by the kind of structures built over there, but by the safety of the residents living … Read more

Delhi Govt Imposes 70% ‘Special Corona Cess’ on Alcohol

special corona cess alcohol

Sad news for all the wine-lovers! Liquor in Delhi to become costlier from 5th May as the Delhi Government has imposed a 70% ‘Special Corona Cess’, i.e. a surcharge over and above the cost of the alcoholic beverages. In the wake of the Novel Coronavirus disease or COVID-19, the government had further extended the Lockdown … Read more

Government extends Deadlines related to Intellectual Property Rights

intellectual property rights

Due to the COVID-19 Lockdown, the Department of Intellectual property India (IPI) has extended the date of all compliances related to Intellectual property rights. Today the world is suffering from Novel Coronavirus aka COVID-19. The Indian government has placed a lockdown till 17th May 2020. This has disturbed the ordinary businesses in India. As a … Read more

RBI Relaxes PSB Bank Branch Audit Norms due to Coronavirus

bank-branch-audit-norms

Due to the outbreak of COVID-19, the Reserve Bank of India (RBI) has given relaxations to PSB banks with regard to the Bank branch audit for FY 2019-20. Today the world is suffering the pangs of Novel Coronavirus aka COVID-19, which has caused widespread economic disruption. In India, the government has placed a lockdown till … Read more

GST compensation to States of ₹34K Crore Released by Government

gst-compensation-to-states

COVID-19 has affected many lives in India as well as the world. India is under complete lockdown till 17th May 2020 in a bid to stop the spread of coronavirus. The Government has now released the GST compensation to States to the tune of ₹34,000 crores. Due to the COVID-19 Lockdown, there are various challenges … Read more