Knowledge Base

MSME Registration | New Requirements & Procedures
Registrations of entities under Micro, Small and Medium enterprises (“MSME”) is increasing every day due to various benefits being offered by the government for MSMEs such as Loan at subsidies rate of interest, subsidies, secured payment from corporates etc. Provisions of MSME are prevailing since 2006 and basis of classification of an entity under MSME […]
By CA. Kavit Vijay
Last update on March 8,2021
Strict Compliance of Limitation while filing appeals/ Petitions by Government
CBIC highlighted that detailed procedures are provided for processing of Department ligitations. However, such procedures are not being followed seriously and therefore, delayed departmental appeals/petitions are filed before the Hon’ble Courts
By CA. Sachin Jindal
Last update on March 5,2021
IEC details need to be confirmed every year to keep it remain active
In the recent Notification No. 28/2015-2020 dated 12th February 2021, DGFT make it mandatory for all IEC holders to ensure that the details in its IEC is updated electronically every year, during April - June Period. In case where there are no changes in IEC details same are also needs to be confirmed online.
By CA. Sachin Jindal
Last update on February 27,2021
Jewellers and Real Estate agents under Purview of PMLA
With effect from 28th December, 2020, every jeweller who is engaged in cash transactions of INR 10,00,000 or above (through single operation or several linked operations) and Real Estate agents having annual turnover of INR 20 Lacs or more, is covered by PMLA
By CA. Kavit Vijay
Last update on February 22,2021
RoDTEP (Remission of Duties and Taxes on Exported Products) | Applicable w.e.f. 01.01.2021
The Cabinet Committee on Economic Affairs has given its approval for introducing a new Scheme namely Remission of Duties and Taxes on Exported Products (RoDTEP). Under such a scheme, reimbursement of such taxes/duties/levie, paid at the central/ state/ local level, shall be granted which is not refunded in any other mechanism.
Last update on January 6,2021
Analysis of New RBI Monetary Policy, 2020 & few recent changes by RBI
Central Bank of India, i.e., Reserve Bank of India (“RBI”) is responsible for forming Monetary Policies. Under Monetary policies, RBI uses various tools to control supply of money in the market so that inflation can remain in control and for the purpose of sustainable Economic Development also.
By CA. Kavit Vijay
Last update on January 5,2021
A Guide to FoSCoS- An Upgrade to FLRS by FSSAI
FoSCoS is an online platform launched by the government to ease out the application filing process by the FBOs. This is a one-stop digital center for document filing, registration, and licensing; It also provides compliance services. The FoSCoS replaced the FLRS system by FSSAI, the primary registration, and licensing system for the past 11 years.
By CA. Sachin Jindal
Last update on November 6,2020
How to check the FSSAI license number online?
FSSAI license number is a 14 digit FSSAI number issued to every food business operator irrespective of the scale and size of the business Operation. There are different kinds of FSSAI licenses depending upon the business and its operation size.
By CA. Sachin Jindal
Last update on October 26,2020
FSSAI Renewal | Guide & Procedure
FSSAI renewal is as important as getting a first time license for operating a food business. The FSSAI license should be renewed within the stipulated time. Normally the initial FSSAI license is issued for one to five years. Every food business operator should renew the FSSAI license thirty days before the expiry of the current license.
By CA. Sachin Jindal
Last update on October 26,2020
FSSAI Annual Return
Obtaining the licence, displaying the licence within the premises and on the food article is mandatory for every food business operator. Similarly, it is mandatory for every food business operator to file FSSAI Annual return.
By CA. Sachin Jindal
Last update on September 20,2020

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