To cope with COVID-19 situation, Govt. announced various measures for statutory and regulatory compliance. For this an Ordinance was promulgated by the President of India under which all compliances falling due between 20-3-2020 to 29-6-2020 shall extended to 30-6-2020.
As we are aware, the world is grappling with the Convid-19 pandemic. It has not only impacted the health of individuals but also has serious repercussions on the global economy. Various governments have taken due measures to fight against this lethal virus. The DGFT & DDGFT has announced a relaxed exemption, extension of validity period and extension in dates of filling various applications and returns, etc. to help people cope with the coronavirus crisis, as follows:
As we all are aware of the pandemic strain in the world economy due to the Novel Corona Virus (COVID-19), not only has it impacted the health of individuals but also has serious repercussions on the global economy. Various governments have taken due measures to fight against this lethal disease.
Measure to reduce litigation in direct tax
The Government has issued notifications to make einvoice mandatorily w.e.f 1st April 2020. The main highlights of the e-invoicing are as under:
With effect from 31 October 2019, the state of Jammu and Kashmir has been divide into two parts:
Over the last few years, the Electric Vehicle (EV) has witnessed a phenomenal rise in interest from governments as well as investors globally. So much so that Union government has lowered the GST rate on EV from 12 per cent to 5 per cent with the view to promote it and make India a global hub for EV manufacturing.