The Micro, Small and Medium Enterprise sector contributes significantly to the economic and social development of the country by fostering entrepreneurship, generating employment and by acting as ancillary to large industries. The government has prioritized this sector in recent years as they are considered crucial in achieving the objective of a $5 trillion economy by …
“In the space of a decade, China & India have emerged as dramatic, dynamic competitors.” Peter Mandelson India has, for several centuries now, had a very complicated relationship with the other Asian behemoth China. Our economic ties with China, our second biggest trading partner after the US, are in troubled waters these days …
Bizsol Update for the month August 2020 Articles: “Less about dragon Vs tiger: more about Yuan vs Rupee!” by Mr. Adwait Venkitachalam, Director, Bizsolindia Financial Services Pvt. Ltd. “Incentives and Benefits for MSMEs in Maharashtra and Gujarat” by CA.Manish Kumar. Podcast Episode : “Intellectual Property Rights” by Nidhi Nawal, Lead Legal, Bizsolindia Legal Services. “Work …
E-invoicing schema notified (INV-01). CBIC has issued two notifications on 30.07.2020. Notification No. 60/2020 and 61/2020 Central Tax. e-invoice for assessee’s having turnover above 500 crore to be applicable from October 1 and SEZ units are excluded from e-invoicing.
SEBI extends Takeover and Buy-back Relaxations
7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020
ICAI to provide Medical Financial Assistance to Members & their dependents suffering from CORONA
Extension to the levy of Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China for a further period of three months.[ Notification No. 19/2020-Customs (ADD] dtd 21st July 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2020-Customs (ADD) New Delhi, the 21st July, 2020 G.S.R.–(E). -Whereas, the designated …
Extension to the levy of Anti-Dumping duty (22.07.2020) Read More »
Link for filling Annual Return is opened on GSTN Period of tax Till FY 2018-19 After FY 2018-19 Quarter Composition taxpayer has to file return on quarterly basis in Form GSTR-4 No need to file return on quarterly basis. Only a statement is required to be filed in Form GST CMP-08. Annual The annual return …
Link for filling Annual Return is opened on GSTN (22.07.2020) Read More »
Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19 (Trade Notice No.: 18/2020-21 dtd 20th July 2020) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Dated: 20th July, 2020 Trade Notice No.: 18/2020-21 …
Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020) for non applicability of the TDS when payment is made by Banks and Co-operative Banks and post upto Rs. 1 Cr. (Circular No. 14/2020 …
Settlement of death claims on priority basis in events of industrial accidents, etc. to be made as instructed vide Circular Number EDLI/3(39)SOM/2020/246 dtd. 17th July 2020 issued by EMPLOYEES PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR & EMPLOYMENT. GOVERNMENT OF INDIA
New Form 26AS is the Faceless hand-holding of the Taxpayers is notified by CBDT on 18th July 2020.
Pending GST Applications for registration during COVID -19 period should be attended on or before 31st July 2020 vide CBEC Circular No. CBEC-20/06/11/2020-GST dtd 17th July 2020
SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2020 notified on 17th July for having the structured digital database and making Board of Directors responsible for unpublished price sensitive information and preservation of digital database.
Bizsol Update for the month of July 2020. Article on “MSME Hit From Imports From China” by CMA Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. New Podcast Episode on “GST- A 3 years Journey” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, …
“Majority of those products given in the list can easily manufacture in India and can become competitive provided proper safeguarding measures are taken for preventing imports and cutthroat competition from Chinese industries.” The list consists of major items which are imported from China at a cheaper price which is killing the MSME Industry. All …
Welcome to the ERA of Digital Bizsol !!!
A land inhabited by a virtually bankrupt government weighed down by the pandemic, businesses trying to chase the ever-elusive profits and hapless people in search of a purpose. In this scenario visualise for a moment the plight of the hitherto profitable professions in the era just gone by, that of the priest and the prostitute, …
Bizsol Update for the month of June 2020. Article on “MSME – Benefits & Package” by CMA. Ashok Nawal, Founder, Bizsolindia Services Pvt. Ltd. Article on “Sunset date for claiming Income Tax exemption for SEZs ” by CMA Amit Devdhe. Changes in GST, FTP, Central Excise, Customs, Income Tax, Service Tax, MVAT, Company law, FEMA/ …
