This will help EM Part-II and UAMs certificate holders to avail benefits of the provisions under various existing schemes and incentives including Priority Sector Lending benefits of MSME.
The 44th GST Council met on 12th June 2021 to reduce the GST rates on the specified items being used in Covid-19 relief and management like hand sanitisers, face masks, gloves, PPE Kits, temperature scanners etc.
MCA via a notification dated 07th June 2021 has notified the Companies (Incorporation) 4th Amendment Rules 2021 wherein a new form Agile Pro - S has been released.
Discussing Compliance Requirements that lie in the month of June 2021 under various statutory laws including Income Tax, GST, FEMA, RBI, and Companies Act etc. ..
Amnesty scheme 2021 has been recommended for reducing late fee payable by small taxpayers & medium-sized taxpayers. The same will benefit around 89% of GST taxpayers at present.
The 43rd GST Council met under the Chairmanship of FM Smt. Nirmala Sitharaman on 28th May 2021. Let us discuss the nine key highlights of the 43rd GST Council Meet.
RBI has extended the timeline of certain compliance Norms with respect to the Various Payment System Requirements due to the second wave of the COVID-19 pandemic.
CBDT has issued a circular w.r.t. extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic and spike in COVID-19 cases.
The Food Authority has decided to divide the Food Safety and Standards (Packaging and Labelling) Regulations, 2011 into two regulations, that the FBO's should comply w.e.f 9th December 2021.
This article contains compliance requirements for the Month of May 2021 under the Income Tax Act, GST, Companies Act and various other Statutory Laws.