News

GST Collections in July rise to 1.16 trillion

GST Collections in July rise to 1.16 trillion

A massive GST Collection in the month of July. Statistics mention that the figure is a three-month high in July. Interestingly, the figure is above trillion and the experts estimate that the reason is the opening up of lockdown and ease of mobility restrictions. In this article, we will read about GST Collections in July rose … Read more

GST Annual Return Filing Liberalised

GST annual return filing liberalised

A piece of very good news for small taxpayers as GST annual return filing is now liberalised. Effective 1 August, the CBIC has liberalised the annual return filing requirement for companies. The CBIC has notified this good news via notification in three official orders. It is an important update, so let us understand it in detail … Read more

CBDT extends due dates for electronic filing of various forms

CBDT extends due dates for electronic filing of various forms

A major update and relaxation for taxpayers as CBDT extends due dates for electronic filing of various forms. In other words, considering the problems faced by taxpayers, the Indian government has given a major relaxation for fulfilling compliances under Income-Tax Act, 1961. In this article, we will understand the latest update by CBDT in detail. CBDT … Read more

Agricultural export:- Uttarakhand export first shipment of vegetables to UAE

Agricultural export- Uttarakhand export first shipment of vegetables to UAE

Vegetable export arrives after a shipment of millets. Export of vegetables such as okra, curry leaf, bitter gourd, pear exported to Denmark in May from Uttrakhand. In this article, we will discuss on Uttarakhand export first shipment of vegetables to UAE. Uttarakhand export first shipment of vegetables to UAE In a prominent increase to Agricultural … Read more

EPF Holders Likely To Get 8.5% Interest On PF Balance

EPF Holders Likely To Get 8.5% Interest On PF Balance

Employees enrolled in the EPFO (Employees’ Provident Fund Organization) would be delighted to know that the EPFO has acknowledged that the EPF holders likely to get 8.5% interest on PF balance. EPF Holders Likely To Get 8.5% Interest On PF Balance By the end of July 2021, the Provident Fund Regulatory Authority is expected to … Read more

MSME Borrowers Can Take loan up to Rs 2.5 Cr from Bank of Baroda-U GRO

MSME Borrowers Can Take loan up to Rs 2.5 Cr from Bank of Baroda-U GRO

While the coronavirus outbreak has brought attention to banks not lending money to small and medium-sized businesses across the country, the new credit guarantee plans, such as the Bank of Baroda’s Pratham Program, are expected to attract more lenders. In collaboration with U GRO Capital, a non-bank financier, the Bank of Baroda has launched the … Read more

New functionality on Annual Aggregate Turnover deployed on GST Portal

New functionality on Annual Aggregate Turnover deployed on GST Portal

Important update for taxpayers as the Government has announced a New Functionality on Annual Aggregate Turnover. The new functionality is deployed on the GST Portal for the convenience of Taxpayers. As a result, it will facilitate taxpayers in several ways. In this article, we will read New functionality on Annual Aggregate Turnover deployed on GST … Read more

EPF Withdrawal Becomes Taxable Before 5 Years Of Service

EPF Withdrawal Becomes Taxable Before 5 Years Of Service

Employee Provident Fund (EPF) is a retirement-oriented program for salaried employees backed by the government but now the EPF Withdrawal becomes taxable. Income tax has the effect of influencing contribution amounts, interest, and the ability to take out one’s balance. Concerning the additional tax on early-withdrawal EPF, employees consider it much more important when they … Read more

FSSAI issues directions for FBOs manufacturing Indian sweets & snacks

FSSAI issues directions for FBOs manufacturing Indian sweets & snacks

On 19th July, FSSAI assigned the Food Product category 18 in the food safety compliance system (FoSCoS). It stats under General Manufacturing kind of business. Moreover, this has been introduced to comfort FSSAI registration of small and medium food businesses. In this article, we will discuss FSSAI issues directions for FBOs manufacturing Indian sweets & … Read more

Government committed to clear MSME dues within 45 days

Government committed to clear MSME dues within 45 days

For the last couple of days, union FM has been holding review meetings. Initially, to check the pending Micro, Small, and Medium Enterprises payments. Finance Minister Nirmala Sitharaman said, “I am personally monitoring and assisting in the case.” MSME registration portal is open to all MSMEs. In this article, we will discuss Government committed to … Read more