Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme Launched and has come into effect from 1st January 2021. This scheme will replace the existing MEIS scheme.
MCA has introduced Rule 9A i.e. Extension of Reservation of Name in certain cases. This relaxation has been given to use reserved names up to 60 days from the date of approval of the name, on payment of specific fees.
In this editorial, the author shall try to cover all such amendments along with the impact of the same on the Corporates.
The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020, issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 21A of the CGST Rules, 2017.
Compliance Calendar January 2021 - In this article, we discuss the most important Income Tax, GST, and Provident Fund due dates that lie in the month of January 2021.
The concept of Annual General Meeting (AGM) has been defined under Section 96 of the Companies Act, 2013. It can be considered as an annual gathering of Directors and Shareholders/members of the Company to discuss the future of the Company and also company's overall performance is analyzed.
Transformation by CBDT from Taxing Business Income to Business Transactions
In case of Death of Proprietor, if the business is continued by any person then it'll be considered as Transfer of Business under GST (Section 18 (3) - CGST Act)
But with Covid adversely impacting various sectors of economy' economic activities stopping and creating chaos confusion now economic growth is very slow. This year growth it is expected to be very slower and will take year 2021 to bring back economy into full pace.
Every person is limited with resources either in the terms of funds or in terms of compliance, so in this pandemic situation, to boost the entrepreneur and to encourage him the government comes forward and introduce a one time late fees waiver for all the previous returns in which Company is in default.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English