As, of December 2019, the outbreak of the pandemic called COVID-19 has severely affected the lives of the people and the economy across the globe. Because of the same our Prime Minister, Mr.Narendra Modi announced to initiate PM Care Fund to provide special reliefs and support to citizens. Meanwhile, the PM Care Fund came to…
Union Finance Minister Nirmala Sitharaman will unveil the Union Budget 2022-23 in Parliament on Tuesday .The Budget, which is Sitharaman’s fourth in a row, is being presented as India recovering from the third wave of Covid-19. It also comes at a time when hundreds of thousands of young people around the country are protesting against…
According to the Oxford Dictionary, a moratorium is “a legal authorization given to debtors to postpone payment.” In contexts of the Insolvency and Bankruptcy Code, 2016 (‘IBC’), a moratorium is a timeframe during which no legal procedures for recovery, enforcement of security interests, sale or transfer of assets, or termination of essential contracts could be…
The Ministry of Corporate Affairs (“MCA”) has, in view of the representations it got for looking for extension of time for holding the Annual General Meeting (AGM) for the financial year finishing on March 31, 2021, informed the Registrar of Companies (RoC) to accord endorsement for expansion of time for holding the AGM for a…
The all-powerful GST Council on September 17th, 2021 at Lucknow decided to charge online food-delivery operators such as Zomato and Swiggy a tax with effect from 01.01.2022 and the tax will be charged at the point of delivery. Table of Content: Decision taken at 45th GST Council Meeting Current situation of collecting GST Why the Need of charging GST…
From August 1st, 2021, CBIC implemented the removal of the mandatory audit by CA CMA under GST. After the amendment taxpayers in India don’t need their GST audit by CA or CMA. In addition to this, they don’t need to submit the audited version of the reconciliation statement in Form GSTR-9C. In this article, we…