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Articles by Anshu Gupta (CA-Final)

Amendment in Schedule VII of Companies Act, 2013

Posted by Anshu Gupta (CA-Final) 29 May 2020 4028 Views

The MCA recently announced an amendment in Schedule VII of the Companies Axt 2013. Along with the National Relief Fund, now PM CARES Fund will also come under Schedule VII

Calamity Cess on GST: A plan to tide over COVID Crisis

Posted by Anshu Gupta (CA-Final) 25 May 2020 3156 Views

There are powers granted under Article 279A(4)(f) of the constitution, the GST Council can levy a special tax during any natural calamity or disaster. In order to raise additional revenue from GST, central government was considering imposing a Calamity Cess on GST @ 1% to tide over the economic crisis.

MSMEs - The Importance in Indian Economy

Posted by Anshu Gupta (CA-Final) 23 May 2020 7322 Views

The Govt. of India has enacted the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 on June 16, 2006 which was notified on 2nd October, 2006 to deal with the definition of MSMEs. The Enterprises are defined in terms of Investment in Plant and Machinery/ Equipment by both Manufacturing & Service Sector.