Latest News

Collateral Free Loans to MSME's

  • 24 May 2020
Collateral Free Loans to MSME's

Finance Minister Nirmala Sitharaman laid out the structure of 3 Lacs Crore Economic Relief Package to MSME's first announced by Prime Minister Sh. Narendra Modi.

GST attracts 18% on Apartment Maintenance Charges

  • 24 Jul 2019
GST attracts 18% on Apartment Maintenance Charges

Now Owner will have to pay 18% GST on Apartment Maintenance Charges if charges exceeds 7500/- per month per member i.e In case Any member have acquired two or more flats in the complex.

ITR-1 and ITR 4 forms for AY 2019-20 are available for e-filing

  • 9 Apr 2019
ITR-1 and ITR 4 forms for AY 2019-20 are available for e-filing

Individuals and HUF can now start filing their income tax returns (ITR) for the last financial year 2018-19. The Income Tax department issued the ITR forms 1 and ITR 4.

ArcelorMittal's resolution plan for Essar Steel got green signal from NCLT Ahemdabad

  • 3 Nov 2019
ArcelorMittal's resolution plan for Essar Steel got green signal from NCLT Ahemdabad

The National Company Law Tribunal (NCLT) on Friday approved the resolution plan for Essar Steel and awarded the control of Essar Steel to ArcelorMittal. 

UDIN is mandatory for CA’s from 1st February’2019

  • 22 Jan 2019
UDIN is mandatory for CA’s from 1st February’2019

Genuinity and Authenticity are the parameters on the basis of which people rely and trust on any document attested by Chartered.

Late Fee waived off on GST Returns

  • 5 Jan 2018
Late Fee waived off on GST Returns

The government has waived late fees on GST returns between July 2017-September 2018. However, these non-filers would have to file their returns for the said period by March 31, 2019.

Government allows businesses to claim GST input till March 2019 for FY 2018

  • 4 Jan 2019
Government allows businesses to claim GST input till March 2019 for FY 2018

The Ministry of Finance has allowed assesses to claim GST Input Credit for the Financial year 2017-18 till March 2019, provided that it matches with the return filed by their suppliers. E

New Annual GST Return forms notified by CBIC

  • 3 Jan 2019
New Annual GST Return forms notified by CBIC

The Central Board of Indirect Taxes and Customs (CBIC) on December 31, 2018 has notified new Annual GST return forms viz. GSTR-9, GSTR-9A and GSTR-9C, which are required to be filed by bu

RBI allows one time restructuring of Standard MSME loans up to ₹25 crore

  • 2 Jan 2019
RBI allows one time restructuring of Standard MSME loans up to ₹25 crore

The RBI allowed one-time restructuring of existing debt (Fund and Non Fund based) up to Rs 25 crores for the companies which have defaulted on payment but the loans have continued to be c

31st GST Council meeting: Cinema, TVs, Computers, Power Banks, Tyres will be cheaper from 1st Jan 2019

  • 22 Dec 2018
31st GST Council meeting: Cinema, TVs, Computers, Power Banks, Tyres will be cheaper from 1st Jan 2019

In a New Year bonanza to the common man, the GST Council slashed tax rates on 33 goods and services, including movie tickets, TV, Power Banks, monitor screens and tyres. Further, the froz

Ministry of Finance extends due date for filing September GST returns to October 25

  • 22 Oct 2018
Ministry of Finance extends due date for filing September GST returns to October 25

Ministry of Finance on Sunday extended the deadline for filing GST Return (GSTR-3B) for the month of September 2018 till October 25, 2018.

ArcelorMittal, Numetal to submit revised bids after clearing dues: SC

  • 4 Oct 2018
ArcelorMittal, Numetal to submit revised bids after clearing dues: SC

The apex Court has given both ArcelorMittal and Numetal two weeks to clear their outstanding dues and then submit a revised bid for Essar Steel.

IBBI needs to have more powers: NCLAT Chairperson

  • 1 Oct 2018
IBBI needs to have more powers: NCLAT Chairperson

The Insolvency and Bankruptcy Board of India (IBBI) needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said during the Annual day of IBBI and also sugges

Loans up to Rs 1 crore to MSMEs in just 59 minutes: FM Jaitley launches credit portal

  • 27 Sep 2018
Loans up to Rs 1 crore to MSMEs in just 59 minutes: FM Jaitley launches credit portal

To boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal (www.psbloansin59minutes.com) through which one can av

Revival of 45 Bankrupt Companies will meet 50% of lenders' claims: IBBI Chief

  • 25 Sep 2018
Revival of 45 Bankrupt Companies will meet 50% of lenders' claims: IBBI Chief

About 45 bankrupt companies have been approved for revival under the new Insolvency Law and this will recover about 50 per cent of the total claim of creditors.

CBDT extends due date for filing Tax Audit Reports

  • 24 Sep 2018
CBDT extends due date for filing Tax Audit Reports

The Central Board of Direct Taxes (CBDT) extends the due date of filing ITRs from September 30, 2018 to October 15, 2018. The notification came out after various State Associations viz.

Govt allowed directors to submit details with reduced fee for 15 days- KYC Compliance

  • 21 Sep 2018
Govt allowed directors to submit details with reduced fee for 15 days- KYC Compliance

The government has given 15 days more to directors to comply with KYC requirements by paying a reduced fee of Rs 500, according to the official notification hosted at Ministry of Corporat

Government Announces merger of Bank of Baroda, Vijaya Bank and Dena Bank

  • 18 Sep 2018
Government Announces merger of Bank of Baroda, Vijaya Bank and Dena Bank

The government on Monday announced its plan to merge three public sector banks (PSBs) to create the third largest lender of the country, as part of efforts to clean up the country's banki

ICICI Bank moved to NCLT against JP Associates

  • 11 Sep 2018
ICICI Bank moved to NCLT against JP Associates

ICICI Bank has filed a petition under Insolvency and Bankruptcy Code, 2016 against debt-ridden corporate Jaiprakash Associates Limited with the Allahabad Bench of the National Company Law

Modi government has failed on all fronts : Former PM Manmohan Singh

  • 8 Sep 2018
Modi government has failed on all fronts : Former PM Manmohan Singh

Former Prime Minister Manmohan Singh on Friday during the launch of book of Senior Congress leader Kapil Sinal "Shadees oof Truth - a journey derailed" said the Modi government had failed

Numetal eligible to bid for Essar Steel : NCLAT

  • 7 Sep 2018
Numetal eligible to bid for Essar Steel : NCLAT

NCLAT tooday said that Numetal and ArcelorMittal are eligible to bid for Essar Steel. ArcelorMittal has three days to clear its dues and become a standard asset to bid for Essar Steel. NC

Government notifies new Annual Return Form for GST

  • 5 Sep 2018
Government notifies new Annual Return Form for GST

The government has notified a new return form GSTR-9 for Goods and Services Tax (GST) that will have to filed for the full year.

CJI Dipak Misra recommends the name of Justice Ranjan Gagoi as his successor

  • 4 Sep 2018
CJI Dipak Misra recommends the name of Justice Ranjan Gagoi as his successor

Dipak Misra, Chief Justice of India (CJI) sent a letter to the Central government recommending Justice Ranjan Gogoi as his successor.

NCLT asks ED to free up borrower’s attached assets

  • 3 Sep 2018
NCLT asks ED to free up borrower’s attached assets

The National Company Law Tribunal (NCLT) has asked the Enforcement Directorate (ED) to free up attached properties that were linked to fraud but not mortgaged to its lenders in case of RE

NCLT stamped on Vodafone-Idea Merger

  • 31 Aug 2018
NCLT stamped on Vodafone-Idea Merger

The National Company Law Tribunal (NCLT) on Thursday had approved the merger of Idea Cellular and Vodafone India, clearing the last hurdle to allow the creation of India's largest mobile

Demonetisation encouraged Digital Payments: Rajiv Kumar, VC, Niti Aayog

  • 31 Aug 2018
Demonetisation encouraged Digital Payments: Rajiv Kumar, VC, Niti Aayog

Demonetisation of high value currency (Rs. 500 and rs. 1000) in November 2016 helped reduce cash transaction and encouraged digital payments, Rajiv Kumar, Vice Chairman, Niti Aayog said.

RBI on failure to take preemptive action against bad loans being questioned by Parliamentary panel

  • 28 Aug 2018
RBI on failure to take preemptive action against bad loans being questioned by Parliamentary panel

Parliamentary Standing Commitee headed by senior Congress leader M Veerappa Moily has questioned RBI for failing to take premptive action in checking bad loans in the Banking System prior

India needs 3-4 global sized Banks: NITI Ayog

  • 23 Aug 2018
India needs 3-4 global sized Banks: NITI Ayog

Niti Ayog Vide-Chairman, Rajiv Kumar said that India needs three-four large lenders which could figure among top 200 global-sized banks. Observing that 86 per cent of the loans are gi

MSME Exporters GST Refund of Rs 10,000 Crore stuck

  • 21 Aug 2018
MSME Exporters GST Refund of Rs 10,000 Crore stuck

Liquidity crunch is threatening to severely cripple Micro, Small and Medium Enterprises (MSMEs) exporters with their Input Tax Credit (ITC) refunds under the Goods and Services Tax (GST).

MCA extends due date of filing DIR-3 KYC

  • 23 Aug 2018
MCA extends due date of filing DIR-3 KYC

DIR 3 KYC Due date Extended to 15th Sep 2018. Earlier last date to file DIR 3 KYC was 31st August which has been extended to 15th September 2018. The fees of Rs. 5,000/- shall be applica

GST returns filing deadline: CG extends date Pan- India

  • 20 Aug 2018
GST returns filing deadline: CG extends date Pan- India

The central government has extended the last date of filing goods and services tax (GST) summary sales returns GSTR-3B for the month of July to August 24.