MSME reforms in India: An overview
The MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last few decades. There are close to 1.33 crore MSMEs registered in…
XBRL (EXTENSIBLE BUSINESS REPORTING LANGUAGE)
INCEPTION A language for e-transmission of financial and business data for business reporting to Ministries or Government Authorities which is revolutionizing business reporting around the world. It provides major benefits…
CBEC-GST: Refund Related Clarification
New Delhi, Dated the 10th June, 2020 To, The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification on…
CBEC-GST CLARIFICATION: Director Remuneration
New Delhi, dated the 10th June, 2020 To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Director Generals / Director…
CBIC UPDATES: CUSTOMS-ANTI DUMPING DUTY
New Delhi, dated the 10th June, 2020 G.S.R.……(E). -Whereas, the designated authority vide notification No. 7/22/2019-DGTRdated the 21st November, 2019, published in Gazette of India, Extraordinary, Part I, Section 1,…
Central Board of Indirect Taxes and Customs : GST UPDATE
Government of India Ministry of Finance (Department of Revenue) Notification No. 47/2020 – Central Tax New Delhi, the 09th June, 2020 G.S.R.....(E).– In exercise of the powers conferred by section…
CBIC UPDATES: MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)
Notification No. 27/2020-Customs New Delhi, the 9th June, 2020 G.S.R……. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of…
Filing NIL Form GSTR-3B through SMS on GST Portal: GST UPDATE
Date: 08/06/2020 A taxpayer may now file NIL Form GSTR-3B, through an SMS, apart from filing it through online mode, on GST Portal.To file NIL Form GSTR-3B through SMS, the…
Finances of Foreign Direct Investment Companies, 2018-19: Data Release: RBI UPDATES
Today, the Reserve Bank released on its website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics#!2_46) data relating to finances of foreign direct investment (FDI) companies in India for the year 2018-19. The analysis is based on…