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Here is a masonry blog layout with no sidebarBusinesses can now self-certify GST annual returns, instead of mandatory audit by CA
Under the Goods and Services Tax (GST), filing of annual return — GSTR-9/9A — for 2020-21 is mandatory for all registered businesses, barring those with an aggregate annual turnover of up to Rs 2 crore.
”This will give compliance level relief to thousands of taxpayers, however, would parallelly increase the risk of intentional and unintentional misstatements in the annual filings aggravating the departmental scrutiny,” said AMRG & Associates Senior Partner Rajat Mohan.
China, India miss UN deadline to submit plans for cutting emissions
The world’s two most populous countries are among dozens that failed to provide an update on their targets for curbing the release of planet-warming gases to the UN climate change agency by July 31, they said on Saturday.
China is the country with the world’s highest emissions, while India is third. The United States (US), which submitted its new target in April, is the second-biggest global emitter.
Rainfall seven percent below normal in July: IMD
Maha: Thane Lok Adalat settles 218 cases amounting to Rs 12.40 cr
The Lok Adalat was held on Sunday and in one case, there was a settlement worth Rs 95 lakh between a private insurance company and the family of a man who died in a road accident in 2013, Principal District and Sessions Judge Anil Pansare told reporters. In 174 cases, the settlement was done online in the wake of the COVID-19 pandemic, he said.
Forecasters who predicted India’s coronavirus peak see new wave coming
The country may see a worsening of its outbreak as soon as this month, with the next wave peaking in the best-case scenario with less than 100,000 infections a day, or nearly 150,000 in the worst scenario, according to estimates by researchers led by Mathukumalli Vidyasagar and Manindra Agrawal at Indian Institute of Technology in Hyderabad and Kanpur respectively.
States with high Covid rates, such as Kerala and Maharashtra, could “skew the picture,” Vidyasagar told Bloomberg in an email.
479 infrastructure projects show cost overruns worth Rs 4.4 trillion
Out of 541 delayed projects, 109 projects have overall delay in the range of 1-12 months, 119 (13-24 months), 192 (25-26 months) and 121 projects (61 months and above).
The average time overrun in these 541 delayed projects is 45.76 months.
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.
Tata Motors looking at measures to offset impact of semiconductor shortage
“Yes, we are definitely impacted because of uncertainty of supplies but so far we have been able to manage somehow,” Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Chandra told PTI when asked if the company was facing issues in its production activities due to semiconductor shortage.
“We are looking for alternate semiconductors and at times procuring directly from stockists. We are also trying to see if a more standard chip can be used in certain components where we are facing stress. Besides, we are looking at trim mix so that we don’t lose on the sales,” he added.
GST collection of over Rs 1 lakh cr for July indicates economy recovering at fast pace, says Sitharaman
RBI’s new rules on interchange fee, 24/7 bulk clearing facility functional
National Automated Clearing House (NACH) has been made available on all days of the week, effective August 1, 2021.
NACH, a bulk payment system operated by the National Payments Corporation of India (NPCI) facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension.
It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium.
Myanmar has the highest coronavirus mortality rate in Southeast Asia
In the last seven days, the death rate per capita in Myanmar has surpassed that in Indonesia and Malaysia and has become the worst in Southeast Asia. The country’s healthcare system was quickly overwhelmed by new COVID-19 patients.
Medical oxygen supplies are dwindling, and the government has restricted its private sales in many places, saying it is trying to prevent backlogs. But this has led to widespread accusations that supplies are being channeled to government supporters and military hospitals.
Woman approaches SC for getting financial help from PM Cares fund to treat post-Covid complications in her husband
During the medical treatment, Sheela, in her petition, a copy accessed by ANI, filed before the Supreme Court, claimed that she has already spent more than Rs 1 crore in the medical treatment of Manish. She, however, also made it clear that she is in the process of mobilising further resources for his treatment.
Sheela sought an order from the Supreme Court thereby directing the officials of the Union of India (UOI) and other appropriate authorities–PM Cares Fund, PM Relief Fund, Madhya Pradesh Chief Minister’s Relief Fund, and others — to consider and release the requisite funds in terms of the estimated cost, as has been demanded by the hospital, where Manish is being treated for COVID-19.
Simplified patent, copyright registration helping India become an innovation hub: Piyush Goyal
The number of patents granted has gone up from 6,326 in 2015-16 to 28,391 in 2020-21, while Trade Marks registration has shot up from 65,045 in 2015-16 to 2,55,993 in 2020-21. Similarly, while 4,505 Copyrights were granted in 2015-16, a total of 16,402 were granted last fiscal, said the ministry.
Industry Minister Piyush Goyal reiterated the Government’s commitment to bolster the ecosystem of patents, design, trademarks, GI (Geographical Indication) systems; to encourage innovation, research and development in the country and bring newer inventions and knowledge from India’s heritage systems to a global platform.
Centre advises strict curbs as 46 districts see over 10% Covid positivity
Negative RT-PCR report must for entering Karnataka from Kerala, Maharashtra
The certificate is mandatory for all passengers coming to Karnataka by flight, bus, train and personal transport, the circular said.
It said the certificate is applicable for all the flights originating from Kerala and Maharashtra. “Airlines shall issue boarding passes only to the passengers carrying RT-PCR negative certificate not older than 72 hours,” it said.
Railway authorities shall be responsible for ensuring that all passengers travelling by trains carry the negative RT-PCR certificates, it said.
Delta variant produces similar viral loads in vaccinated, unvaccinated: CDC
The study demonstrated that Delta infection resulted in similarly high SARS-CoV-2 viral loads in vaccinated and unvaccinated people, said CDC Director Rochelle Walensky.
“High viral loads suggest an increased risk of transmission and raised concern that, unlike with other variants, vaccinated people infected with Delta can transmit the virus,” she said.
First Zika virus case found in Maharashtra, officials say no need to panic
State surveillance officer Dr Pradip Awate told PTI that there was no need to panic.
”Zika is a moderate disease as 80 per cent patients do not get any symptoms and remaining 20 per cent have moderate flu-like symptoms. One can recover by drinking enough water, taking rest and having a simple paracetamol tablet,” he said.
Death due to Zika virus infection was unheard of, he added.