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EPF Contribution rate reduction for May 2020 to July 2020
An Overview of announcement by honorable finance minister Nirmala Sitharaman on Wednesday 13/05/2020 regarding EPF contribution by which EPF Contribution was reduced for Employers and Employees for 3...
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SC shows concern for poor plight of migrant labour- orders facilitation of stranded labour
Modi Government announced early Lockdown to save the country from Covid- 19. The whole world applauded his timely action. The limited number of infected people & low mortality in our country as compar...
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COVID Emergency Credit Facility covers all companies & not just MSMEs
Ministry of FinanceCOVID Emergency Credit Facility covers all companies and not just MSMEs: Finance MinisterPosted On: 08 JUN 2020Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharama...
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Wages to workers during lockdown- SC to give verdict on 12 June
On 04 June 2020, a 3 member bench of the Apex Court passed an interim order that no coercive action be taken against employers for their failure to comply with the 29 March 2020 order of the Ministry...
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HC restrains schools from charging additional fee for online classes
Kerala High Court Interim order in the case of Sreelekshmi v. State of Kerala, WP (C) No. 10867 of 2020, decided on 03-06-2020As per the guidelines of MHA, the schools, colleges & coaching institutes...
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Traders Registration As MSME’S – Possible Soon?
During a meeting of Shri Nitin Gadkari, Union Minister for MSME and Road Transport and Highways with the representatives of Council of Leather Export, FICCI-‘NBFC Program’ and IMC Chamber of Commerce...
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Guideline for appointment of IP as IRP, Liquidators, RP & Bankruptcy Trustees
Insolvency Professionals to act as Interim Resolution Professionals (IRPs), Liquidators, Resolution Professionals (RPs) and Bankruptcy Trustees (Recommendation) Guidelines, 20202nd June, 2020Corporate...
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Report on Measures for Strengthening Enforcement Mechanism of SEBI & Incidental Issues
HIGH LEVEL COMMITTEE UNDER THECHAIRMANSHIP OFJUSTICE ANIL R. DAVE, RETIRED JUDGE, SUPREMECOURT OF INDIAA REPORT ON THE MEASURES FOR STRENGTHENINGTHE ENFORCEMENT MECHANISM OF THE BOARDAND INCIDENTAL IS...
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SEBI invites comment on Report on Measures for Strengthening Enforcement Mechanism
Securities and Exchange Board of IndiaNotice inviting comments on the recommendation made by High Level Committee under the Chairmanship of Justice A. R. Dave, Retired Judge, Supreme Court of India, o...
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SC to soon decide on exigibility of interest on interest on deferred loans during moratorium
The Reserve Bank of India, in view of the Covid pandemic, realised the financial emergency and liquidity crunch in our economy due to lockdown, announced moratorium for all loans for a certain period....
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ICAI enables Generation of UDIN In Bulk For Certificates
UDIN DirectorateThe Institute of Chartered Accountants of India17th June, 2020GENERATION OF UDIN IN BULK FOR CERTIFICATESA provision for generating UDIN in bulk for Certificates has been incorporated...
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CBIC Begins Using e-Office in all CGST and Customs offices
Ministry of FinancePosted On: 15 JUN 2020 4:52PM by PIB DelhiShri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) launched the e-Office application in over 500 CGST and Cus...
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Highlights of 40th GST Council Meeting dated 12th June 2020
Recommendation of 40th GST Council Meeting dated 12th June 2020Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-20201 Relaxation for July-17 to Jan 20...
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Recommendations of 40th GST Council Meeting
A. Reduction in Late Fee for Past ReturnsLate Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived as under:-NIL late fee if there is no tax liability;-ma...
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40th GST Council Meeting gives Relief from Interest & Penalty
Key outcome of 40TH GST council meeting – The 40th GST COUNCIL met under the chairmanship of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here today.Read- Recommendations of 40th...
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Filing NIL Form GSTR-3B through SMS on GST Portal
1. A taxpayer may now file NIL Form GSTR-3B, through an SMS, apart from filing it through online mode, on GST Portal.2. To file NIL Form GSTR-3B through SMS, the taxpayer must fulfill following condit...
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Centre Releases ₹ 36400 Crore as GST Compensation to States
Ministry of FinanceCentre Releases Rs. 36,400 Crore as GST Compensation to StatesPosted On: 04 JUN 2020 8:28PM by PIB DelhiTaking stock of the current situation due to COVID-19 where State Governments...
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GST Council to discuss GST late fee issue (Aug 2017 to Jan 2020)
Press Note – Issue of GST late fee for the past period (August 2017 to January 2020) to be discussed in the next GST Council meeting.Press Note 1. In the recent past tweets have been noticed by the go...
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Companies (Share Capital and Debentures Amendment Rules, 2020
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, 5th June, 2020G.S.R. 372(E).– In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013)...
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MCA relaxes time to file forms for creation/modification of charges
F.No. 02/05/2020 CL-VGovernment of IndiaMinistry of Corporate Affairs5th Floor, ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi-1.General Circular No. 23/2020 Dated: 17th June, 2020ToAll...