Brij Business Solutions

05/08/2021

"वजह की तलाश में, यूं ही वक्त ना गँवाया करें."
"बस बेवजह, बेपरवाही से, बेझिझक मुस्कुराया करें."

01/08/2021

Updates:

1. TDS cannot be recovered from Assessee for non-deposit by deductor. Case Name : Ashok Kumar B. Chowatia Vs JCIT (TDS) (Madras High Court) Appeal Number : W.P. Nos. 31167, 31170, 31172 and 31174 of 2018 Date of Judgement/Order : 16/04/2021

2. Union Cabinet approved amendments to the Limited Liability Partnership (LLP) Act for decriminalizing offences under the law as the government looks to improve ease of doing business and encourage start-ups. In all, 12 offences are proposed to be decriminalized and one provision (Section 73) entailing criminal liability is to be omitted.

3. Lok Sabha approved the Insolvency and Bankruptcy Code (amendment) Bill, which will replace an Ordinance that was promulgated in April to introduce a so-called pre-pack resolution scheme for micro, small and medium enterprises (MSMEs). The scheme allows only the debtor to trigger its own bankruptcy process with the approval of financial creditors having at least 66% of voting power.

4. Union Cabinet has approved amendments to the General Insurance Business (Nationalization) Act, paving the way for privatization of government-owned insurers. The amendments, approved by Cabinet, will remove the clause for the Center to hold at least 51 per cent in public sector insurance companies at any given time.

5. Goods and Services Tax Network (GSTN) has enabled the New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. The said functionality has been introduced so as to enable the taxpayer to update the annual aggregate turnover in case of any discrepancy found in auto-populated figure.

6. SEBI is in the process of issuing a revised risk management framework for mutual fund industry in view of the changes in the industry landscape which will define the roles and responsibilities of officials. The new framework will have policies regarding risk management incorporating a risk management culture within the organization, and principles for identification and management of risk at the level of MF schemes and overall functions of AMCs (asset management companies).

31/07/2021

31/07/2021

13/08/2020

13/08/2020

Expansion of scope of Reporting Transaction (SFT)

13/08/2020

Types of Gst Returns

09/08/2020

National Traders day!

देश के सभी व्यापारियों को पर मेरी शुभकामनायें। कोरोना संकट में आपने जिस सेवाभाव का परिचय दिया, उसके लिये आप बधाई के पात्र हैं।

देश की आर्थिक प्रगति में आपका योगदान अमूल्य है, मुझे विश्वास है कि आपके सहयोग से देश आत्मनिर्भरता की दिशा में तेजी से आगे बढ़ेगा।