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Archive for March, 2020

CSR funds can be used to fight Covid-19

[Source: CSR Committee of The Institute of Chartered Accountants of India] The Finance Minister Nirmala Sitharaman, said on March 23, 2020 that “In view of the spread of novel Corona Virus in India, its declaration as pandemic by the WHO, and decision of Government of India, to treat this as notified disaster, it is hereby […]

Recommendations of 39th GST Council meeting

[Source: pib.gov.in] Recommendations of GST council related to law & procedure The 39th GST Council in its meeting held on 14th March, 2020, has made the following recommendations on Law & Procedures changes. 1)       Measures for Trade facilitation: a)      Interest for delay in payment of GST to be charged on the net cash tax liability […]

Govt planning to launch lottery offer under the GST from 1 April

[Source: www.livemint.com] We had earlier shared you a news item (Economic Times) that India should adopt Singapore’s ‘GST voucher scheme’ to help lower, middle income groups. It seems the government is planning to adopt the idea. The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by […]