The Indian Government has implemented several measures to provide relief to Cooperative Societies under the Income Tax Act. Here are some key steps: In summary, these measures aim to strengthen dairy cooperative societies, enhance financial inclusivity, and support farmers in their agricultural endeavors.
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman announced much-needed relief measures in…
The Indian Government has issued certain guidelines in its campaign of MSME support & Outreach where it has asked all the head of the departments of public sector banks to do the detail analysis of issues and progress done in the credit facility that are faced by MSMEs. The main effort of the Government is…
Advance Ruling Mechanism in GST An advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as well as Government authorities. Further,…