News

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

No GST Reporting Details needed in Income Tax Audit Report

gst-audit-income-tax-audit

The COVID-19 pandemic has a negative impact all over the world and sent economies spinning. Initially, it entirely affected China; but, its effects are presently felt most over the world, with many countries in internment, together with India too on its web. The Indian government is attempting its best to support the business organizations and … Read more

Dearness Allowance Hike for State Government Employees

dearness allowance hike

Coronavirus Pandemic has posed a grave challenge to the Government as well as the economy. Due to the COVID-19 Crisis, the Government has already started planning different methods to overcome this situation. One of these methods is to introduce Dearness Allowance hike for pensioners.  In March 2020, the Government announced that the hike would be … Read more

Know Which Businesses Allowed in Lockdown 3.0

lockdown-3.0

In the wake of the Novel Coronavirus disease or COVID-19, the government had imposed a lockdown all over the country till 3rd May 2020. After a comprehensive review, and in view of the Lockdown measures have led to significant gains in the COVID-19 situation in the country, The Ministry of Home Affairs (MHA), has issued … Read more

Big Relief! Donation in PM CARES Fund Eligible for 80G Deduction

80G deduction for PM CARES Fund

COVID-19, also known as Novel Coronavirus, has already affected over 110 regions and killed almost around a million people. Hence, to deter this disease and stop it from spreading further, several countries are currently facing complete lockdown. Luckily, the virus spread in India quite late. The Government had timely imposed the lockdown to stop the … Read more

New Hope of Plasma Therapy for curing Coronavirus

plasma-therapy-and-coronavirus

The entire world population is suffering the pangs of the Coronavirus disease. World Health Organization stated COVID-19 as a pandemic. It recapitulated the voice for countries to establish necessary steps and increase the response towards reducing, detect, and treat transmission to save an individual’s life. As per the observation by MoHFW, i.e., Ministry of Health & … Read more

Major Relief! FBOs can operate without FSSAI registration while Lockdown

FSSAI registration FBOs

To ensure credibility, it is mandatory for every food business set up to acquire a license from FSSAI, Food Safety and Standards Authority of India.  FSSAI Registration is required for all food-related businesses such as manufacturers, traders, restaurants, small eateries, grocery shops, importers, exporters, home-based food businesses, dairy farms, processors, retailers, e-tailers.   Considering the great … Read more

Great Relief! Businesses can file GSTR-3B without DSC during COVID-19 Lockdown

gstr-3b-without-dsc

Today the world is almost caught in a major catastrophe in the form of COVID-19 pandemic. India has been placed under complete lockdown till 3rd May 2020. Due to the inability of the businessmen to fulfill their regular compliance, the government has given certain relaxations. The Due-date for filing GSTR-3B for the month of February, … Read more