SIRC 26
Indian
Businesses 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.
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.
International
US judge blocks Trump’s mandatory health insurance rule for immigrants
Led by India, South Asia moving towards becoming center of global growth: IMF
Under a substantial liberalisation scenario, supported by stepped-up efforts to improve infrastructure and successfully harness South Asia’s young and large workforce, the region could contribute about one-third of global growth by 2040, argues the IMF paper ‘Is South Asia Ready for take Off? A sustainable and inclusive growth agenda,’ to be released in New Delhi on Monday.
Google to buy Fitbit for $2.1 billion to enter wearable technology space
Swiss Re to offer telematics solution for insurers in 2020
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