News

Parliament Announces bill to bring co-operative banks under RBI supervision  

co-operative banks under RBI supervision

The Parliament has declared amendments to the Banking Regulation Act to bring co-operative banks under RBI supervision, a move intended at protecting the interest of depositors. Let’s summaries the Notifications issued:- Co-operative banks under RBI supervision In order to bring co-operative banks under the supervision of the RBI, Parliament has passed amendments to the Banking … Read more

Trademark Registration for Machines and Machines Tools: Trademark Class 7

trademark class 7

A well-known trademark has required exceptional protection against violation of such trademarks. Classified trademarks are known in India based on their reputation, nationally, internationally, and cross-borders. With the trademark registration, Trademark Application is classified under 45 different classes which are based on the kind of market activity. In this article, we will discuss trademark Class … Read more

ISO Certification for Information Security

ISO certification for information security

As we know the ISO Certifications aims at presenting a global standard that spells out quality, environment, occupational health and safety, information security, and trust. And the international standard that defines the necessity for a various standard like ISO Certification for Healthcare industry and ISO for  hospitality industry. In this blog, we will discuss the ISO certification … Read more

DGFT Notify New Import Policy for LED products

The commerce ministry notifies new import policy for LED products and control gears for such items. Let’s summarise the Notifications issued:- DGFT Notification No 32/2015-2020 DGFT vide Notification No. 32/2015-2020 dated September 17, 2020, has provided for insertion of policy condition in chapter 85 and 94 of ITC (HS), 2017, Schedule -I (Import Policy) in … Read more

GST on Courier Services

GST on courier services

As we all know Courier services are considered as the most essential requirement for businesses to enhance their productivity. Courier services refer to any person who involved in door-to-door transportation, either directly or indirectly, to take or accompany such documents, goods etc, or to prevent the goods from any misplacement and damage of goods. In … Read more

CBIC Extend the time limit for raising Tax Invoice

CBIC has issue the notification for the issue of the tax invoices

The CBIC has issued the notifications for the issue of the Tax invoice for the sale of goods on approval basis. Let’s summarise the Notifications issued:- Extension of time limit for issue of Tax Invoice The CBIC has issued the notification for the issue of the Tax invoice for the sale of goods on approval … Read more

Trademark Registration for Common Metals and Alloys: Trademark Class 6

trademark class 6

As we know, Trademark registration renders businesses to claim ownership of their unique brand name and defends against misuse and violation. With the aid of trademark registration, one can promote the business brand and claim rights. Trademark Application is classified under 45 various classes which are based on the nature of the business activity. In … Read more

CBIC waived off Late Fees for GSTR-4 & GSTR-10

Income tax

The CBIC has issued the notifications for waived off late fees for the late filing of GSTR-4 and GSTR-10 Let’s summarise the Notifications issued:- Know About GSTR-4 and GSTR-10 Return GSTR-4 is a return that needs to be filed by taxpayers. The due date for GST Return filing Form GSTR-4 Annual Return is 30th of the month … Read more

GST on Sanitizer

GST on Sanitizer

The consumer demand for face masks and hand sanitizers has increased during the year 2020 due to the COVID-19 pandemic. These products are now necessary commodities for social distancing and maintaining good hygiene. Every buyer must aware of its pricing and MRP to avoid being overcharged. In this article, we discuss the GST on sanitizer … Read more

The Lok Sabha has passed the new Reforms for Companies (Amendment) Bill 2020  

companies amendment bill

The Lok Sabha has passed the Companies (Amendment) Bill that seeks to decriminalise specific offences under the Companies Act, 2013, in case of defaults but not involving frauds. Let’s Understand in Detail –  The Companies (Amendment) Bill, 2020 The Companies (Amendment) Bill, 2020, was passed by Lok Sabha where Around 48 sections of the Companies … Read more