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Cloud Accounting : The new age system every small business should have

Cloud Accounting : The new age system every small business should have The speed of business has increased exponentially in recent times. Every entrepreneur has to cope up with striking changes in his business on a daily basis.   The pandemic has broken the spinal cord of the businesses. Since last one year, they are […]

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Gujarat Industrial Policy 2020 – Scheme for Capital Subsidy to Large Industries and Thrust Sectors

Gujarat Industrial Policy 2020 – Scheme for Capital Subsidy to Large Industries and Thrust Sectors Goverment of Gujarat has issued Gujarat Industrial Policy 2020 for industrial development in the state. In this article we will discuss about the Scheme for Capital Subsidy to Large Industries and Thrust Sector   Operative Period of the Scheme This […]

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Gujarat Industrial Policy 2020 – Classification (category) of Talukas for various incentive schemes

Gujarat Industrial Policy 2020 – Classification (category) of talukas for various incentive schemes For the purpose of Gujarat Industrial Policy 2020 released by the Government of Gujarat, the graded incentive is available for different talukas in each district. The following is the list of the same. This list is updated as per notification of the state […]

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Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors – SPECS Scheme

Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS)   If you are planning to set up a manufacturing unit of Electronic Components and Semiconductors, this scheme of Indian Central Government is for you.   Objective of the Scheme   To strengthen the electronics manufacturing ecosystem in India.   Threshold Limit and Products […]

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List of Goods Eligible under SPECS Scheme

List of Goods Eligible under SPECS Scheme   The following is the list of goods that are eligible under the SPECS Scheme   A List of Goods with Minimum Investment Threshold of INR 5 crores 1 SMT Components including LED chips 2 Chip Modules for smart cards, RFID Antenna & Labels, CoB/System in package 3 […]

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Change in Rules of mentioning HSN code on Tax Invoice w.e.f. 01-04-2021

From 01-04-2021, the rules for mentioning of HSN code on tax invoices is changing. Vide notification no. 78/2020 dated 15-10-2020 the government has specified the requirement of mentioning the HSN code on Tax Invoice issued by a registered tax payer as follows.   Sr No Aggregate Turnover Number of digits of HSN code to be […]

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GST late fees waiver to be discussed in next GST council meeting

GST late fees waiver to be discussed in next GST council meeting   After continuous request from industry and professional regarding waiver of late fees for filing of GST returns, the government has announced on 01-06-2020 to take up this issue of GST late fee waiver in the next GST council meeting.   Due to […]

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Instant Aadhar based PAN facility introduced by Income Tax Department

Instant Aadhar based PAN facility introduced by Income Tax Department   The income tax department has initiated the Aadhar based instant PAN facility on its portal www.incometaxindiaefiling.gov.in   Under this facility, the PAN can be generated instantly using Aadhar based credentials. For this purpose your Aadhar Number must contain following details.   Your correct name. […]

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COVID-19 related products manufacturers – Update your Data at MSME site

COVID-19 related products manufacturers – Update your Data at MSME site During this COVID-19 pandemic, the government is continuously trying to help domestic MSMEs by procuring as much products from them during this period. For this purpose, the government has introduced special link in Udhyog Aadhar web portal to get data of manufacturers of following […]

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Emergency Credit Line Guarantee Scheme – ECLGS

Emergency Credit Line Guarantee Scheme (ECLGS) The union cabinet approved the Emergency Credit Line Guarantee Scheme on 20-05-2020 as per COVID-19 relief packages introduced by the government of India. The full scheme document is not yet made available, but following are the salient features of the scheme. Objectives of the Scheme • To support the […]

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