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Ministry of Finance vide notification dated 28th Dec., 2020 rescinded the notification No. 8/2017, dated 15 November, 2017…
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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…
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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…
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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…
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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…
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Unutilized ITC on input services cannot be claimed as refund under inverted duty structure option
Writ petitions filed (Tvl. Transtonnelstroy Afcons Joint Venture & Oth. Vs. Union of India- W.P No.8596 of 2019…
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GST Update – Important decisions taken during 42nd GST council meeting
Due date of furnishing quarterly GSTR-1 by quarterly taxpayers to be revised to 13th of the month succeeding the…
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Key changes related to changes in Annual Return GSTR 9 and 9C for F.Y. 2019-20
Turnover in Prev. F.Y. HSN digits to be mentioned Nature of transactions Up to 5…
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TCS on sale of Goods – Are You Ready
Effective from 1-10-2020, TCS will be applicable u/s. 206C (1H) of Income Tax Act where the seller…
