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Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 89/08/2019-GST, 90/09/2019-GST and 91/10/2019-GST dated 18th February, 2019 to clarify certain issues under GST.

In the recent years, the manufacturing industries have become much more competitive. Manufacturing companies have been trying at lot to build and create quality products at the lowest price and trying to grab new customer base. This has been a major task for manufacturing companies as they need to become perfect in all sectors involving manufacturing, sales, and distribution to truly be the best. ERP software for manufacturing companies helps with its new advanced features to improve efficiency revenue growth and helps in complete end to end process flow. ERP software for manufacturing helps in efficiency growth, decreasing costs, and increase in revenue & sales. From the above we can say that ERP software solution for manufacturing can be a gateway to solving most of the manufacturing challenges like poor production, extra manpower and much more etc. Below are the ways in which manufacturers can gain from Software: Automation of Management processes : The major benefit that an ERP solution offers to manufacturing companies is the automation of processes and removing manual dependency. With an ERP software manufacturing process not only speeds up the production process but it eventually reduces the chances of errors. With an ERP software the companies improves profitability and also customer experience. Streamlined processes : An ERP software is an centralized software , all departments of the company can access and view the production data. Present ERP systems often comes with an integration capabilities, which helps to centralize all data so that all employees who are in the need of accessing to data can get it from one place. Eventually every unit has complete access into designing status, production status, quality, inventory levels, and much more. This ERP software helps in seamless coordination and production related processes, and streamlining the entire business process. Improved collaboration and communication : Manufacturing ERP software enable comp

The GST Bill, which has been passed in Lok Sabha but stuck in the Rajya Sabha, is likely to miss its April 2016 deadline. Read five reasons that might be made influence on the Bill

The grand alliance between Janata Dal (United) and RJD has made their presence in Bihar state by registering a massive victory. The party might create a buzz in the Parliament from the beginning of Winter Session, by indicating to support the opposition party on the GST Bill.

3M Infocare is an imperative resource for providing all the necessary solutions regarding information technology which will help MSMEs to do business smoothly & easily

There are many ways accounting software can help a small company in improving their business. Accounting is a tedious process and it is best to automate it with software. It is time consuming to do the accounting manually and it will need the use of a qualified accountant who will cost you a lot of

The Goods and Services Tax will be delayed due to political interruptions as per CFOs of India. According the Yes Bank survey, around three fourths of CFOs have said that the important reform might be levied by next year.

July 1, 2018 marks the first anniversary of the launch of the most anticipated tax reform in India. Often termed as 'India's new tryst with destiny', the Goods and services tax ("GST") was introduced amid varied expectations and apprehensions. While tax compliance seems to have streamlined mostly for large entities, however most medium and small entities are yet to survive the challenges posed by the new taxation regime.

Central Board of Indirect Taxes & Customs (CBIC) has issued Notification No. 01/2019- Central Tax (Rate) dated 29th January, 2019, to rescind Notification No. 8/2017- Central Tax (Rate) dated 28th June, 2017, last amended vide notification No.22/2018-Central Tax (Rate), dated the 6th August, 2018 which defers the payment of central tax on reverse charge basis by the registered person for intra-state supplies received from unregistered person.

Central Board of Indirect Taxes & Customs (CBIC) has issued a Notification No. 07/ 2019 - Central Tax dated 31st January, 2019 to further extend the time limit for furnishing the return in FORM GSTR-7 by a registered person required to deduct tax at source (TDS) under the provisions of section 51 of the CGST Act, 2017 for the months of October, 2018 to December, 2018 from 31st day of January, 2019 to 28th day of February, 2019.

Please find attached Notification No. 09/2019- Central Tax dated 20th February,2019 issued by Central Board of Indirect Taxes & Customs (CBIC) extending the due date for filing GST returns in form GSTR-3B for all states except the state of Jammu & Kashmir for the month of January, 2019 from 20th February, 2019 to 22nd day of February, 2019.

Central Board of Indirect Taxes & Customs (CBIC) has issued a Notification No. 07/ 2019 - Central Tax dated 31st January, 2019 and 08/ 2019 - Central Tax dated 8th January, 2019 to extend the due date for furnishing the return in FORM GSTR-7 by a registered person required to deduct tax at source (TDS) under the provisions of Section 51 of the CGST Act, 2017 for the months of October, 2018 to January, 2019 till 28th day of February, 2019.

The Companies Amendment Act, 2017 ("Amendment Act") was executed with the sole determination to resolve the challenges arising upon the implementation of the Companies Act 2013.. The primary basis for the Amendment Act 2013, is the report of the Company Law Committee(CLC). The Ministry of Corporate Affairs ("MCA") had established the Company Law Committee with the approval to: (a) Pass instructions on the challenges arising from the enactment of the Companies Act 2013. (b) Review the approvals received from the Bankruptcy Law Reforms Committee, the Law Commission of India, and other agencies, the High-Level Committee on Corporate Social Responsibility. In the beginning, The Ministry of Corporate Affairs (MCA) had disclosed 43 sections of the Amendment Act compatible to its notification dated 9 February, 2018. It also briefed 28 additional sections on 7 May, 2018. As a practice, the modifications released (dated 7 May, 2018) have provided improved transparency on the clarification of the various provisions of the Companies Act. Additionally, the MCA insists to ease the procedural requirements under the Companies Act, including the fines imposed in the event of failure to comply. Additional provisions notified. Modifications to the following main provisions were announced on the 7 May 2018:

Companies Act, 2017. New Depreciation Amendments!