Ministry of Finance Economic Survey calls for simplification of regulations and process reforms Attempt to reduce the problems often results in having ever more complex regulations leading to even more non-transparent discretions Solution is to Simplify Regulations and invest in greater Supervision Even if it implies greater discretion Discretion needs to be balanced with transparency,… Read More »
Ministry of Finance Online Schooling has taken off in a big way during COVID-19 pandemic: Economic Survey 2020-21 Percentage of school students owning a smartphone increased from 36.5% in 2018 to 61.8% in 2020 in Rural India Posted On: 29 JAN 2021 The Economic Survey 2020-21 presented by the Union Minster for Finance & Corporate… Read More »
Ministry of Finance Key Highlights of Economic Survey 2020-21 Posted On: 29 JAN 2021 Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2020-21 in the Parliament today. The key highlights of Economic Survey 2020-21, which is dedicated to the COVID Warriors, are as follows: Saving Lives and Livelihoods amidst a… Read More »
Summary of Economic Survey-2020-21 V-Shaped Economic Recovery Due to Mega Vaccination Drive, Robust Recovery in the Services Sector and Robust Growth in Consumption and Investment V-Shaped Recovery is Due to Resurgence in High Frequency Indicators Such as Power Demand, Rail Freight, E-Way Bills, GST Collection, Steel Consumption, Etc India to Become the Fastest Growing Economy… Read More »
Punjab GST Act DRAFT OF THE notice TO BE WRITTEN BY THE AUDITEE UNDER SECTION 73(6) OF THE PGST ACT, 2017, To, The Assistant Commissioner GST Audit wing Sir, Subject: notice given for waiver of show cause notice in terms of Section 73(5) of the PGST Act, 2017– reg. I/We M/s , address Falling under… Read More »
CHECKLIST FOR COMPOSITE DEALER Sr No Source Documents Manner of Ratio Calculation/ Study Utilization of the Ratios/Study in Audit 1 GSTR 9 A as well as Profit & Loss account Reconciliation To check whether turnover is under the specified limit as per the Act 2 GSTR 9 A & Profit & Loss Account/ Income &… Read More »