GST Update – | Utilisation of ITC | Cash Payment |
The biggest GST amendment of 2020 was announced by the Government by the CGST Notification to restrict the use of 100% ITC balance for payment of monthly output liability. The summary of said provisions is given hereunder for your immediate reference and consideration. [Introduction of Rule 86B] With effect from the 1st day of January […]
GST Update – || E-Invoice ||
Now, the Government has further extended the E-Invoicing provisions to businesses exceeding Rs.50 crore turnover limit with effect from 1st April 2021. Vide Notification no. 05/2021 dated 8th March 2021. E-Invoicing provisions were made effective in the following phases. from October 1, 2020, issuing E-invoice was made mandatory for businesses with a turnover of Rs […]
REGISTRATION OF ENTITIES FOR UNDERTAKING CSR ACTIVITIES – FORM CSR-1
INTRODUCTION & PURPOSE The Ministry of Corporate Affairs (MCA) has announced new Corporate Social Responsibility (CSR) rules which shall be known as Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021. As per the new provisions, every entity that intends to undertake any CSR activity will have to register itself with the Central Government by filing […]