Trusts to be re-registered U/S 12AB of Income Tax Act
All existing charitable trusts registered U/S 12A, Section 12AA, Section 10(23C) and Section 80G of the Income Tax…
Scheme Guidelines for Implementation of Aatmanirbhar Bharat Rozgar Yojana (ABRY) – to incentivize creation of new employment opportunities in EPFO registered Establishments
Objective Incentivize employer, registered with EPFO, for giving employment to new employee and re-employing persons from low wage…
GST Update – Rule 86B introduced vide notification 94/2020 dated 22.12.2020
Effective from 1st January, 2021, where the value of taxable supplies (sales) [except exempt supplies and zero rates…
Search Tax-payer feature upgraded on GSTN Portal to serve purpose of KYC
GSTN portal has been upgraded to provide comprehensive profile using “Search Tax Payer” facility. It serves the purpose…
PMLA update for G&J – Record-keeping of cash deals in Gems & Jewellery trade now a must under PMLA
Ministry of Finance vide notification dated 28th Dec., 2020 rescinded the notification No. 8/2017, dated 15 November, 2017…
New Wage Rule to increase cost of Company & Reduce Take-Home Pay of Employees:
As per new rule part of Code of Wages passed by the parliament which shall be made applicable…
Foreign ownership of 100% possible now for companies incorporated in UAE
UAE allows 100% ownership of businesses for foreign nationals from 1st Dec 2020 as per the Cabinet Resolution…
GST Update – Notifications No 82,83,84,85 and 86/2020 issued on 10-11-2020
GSTR-1 & GSTR-2 related:- Quarterly return filers can file their first and second month B2B invoices in Invoice…
Important Amendment in GST Rules
GSTR-1 & GSTR-2 related [effective from 1-1-2021] The registered persons required to furnish GSTR 3B return quarterly need to furnish…