Sanaatan Group

Sanaatan Group SANAATAN GROUP is supported by the team of highly qualified and learned Technocrats, Project Management Professionals, Information Security Professionals

01/06/2021

Good Morning everyone

Today Sanaatan Group launch its First Edition of Ebook in Four Volumes in the Brand name of IntelliGST.
This Ebook Edition is named as Compendium on GST with Different Volumes as follows :

Compendium on GST – General FAQ’s - MRP 500/-
Compendium on GST – Sectoral FAQ’s - MRP 200/-
Compendium on GST – Referral FAQ’s - MRP 1000/-
Compendium on GST – Procedural FAQ’s - MRP- 2000/-

Compendium on GST – All Volumes - MRP - 3500/-
https://sanaatangroup.com/ #/category
to Buy the Product click on this link and purchase it now from our website and be the First Buyer to Buy this Collection.

Special Discount to Professional who gets Register himself on our sanaatangroup website.

01/06/2021

Exemption on import of Covid 19 related Relief items from today onward.

The GST Council met after a gap of seven months. Sitharaman said that the council was unable to meet in between due to the budget session and assembly elections in five states. She said that several decisions were taken on 28th May.

But the Exemption is valid till 31st August.

The GST council also announce the GST Amnesty Scheme, which she said will provide relief to small taxpayers. The amnesty scheme has been recommended for reducing late fees. It is likely to benefit around 89 percent of GST taxpayers.

31/05/2021

The main USP of the Employees' Provident Fund (EPF), apart from safety and high returns (compared to other fixed options such as PPF, FD), is that it has exempt-exempt-exempt tax status. That is, it is exempted from tax at the time of maturity. Further, contributions to EPF and the interest received on the EPF contributions are exempted from tax as well, subject to certain conditions. However, did you know that there are certain instances when EPF can become taxable?

That is right, for instance, the employer's contribution to the EPF account can become taxable if it exceeds a certain limit in a financial year. There are few more such instances when you will have to pay tax on EPF.
As per current law, an employee's own contribution to the EPF account is not taxable. However, effective from April 1, 2020, onwards, employer's contribution to the EPF account can become taxable if it exceeds Rs 7.5 lakh in a financial year.

But there are some exemptions also:
if the employee is not in the job for two months the withdrawal of that money is not taxable.
also in case of marriage, emergency, and other contingent.
situation.

27/05/2021

Exemption from filing hard copy of papers in view current existing pandemic situation-NCLAT Notice dated 24.05.2021

Now the E- copy Could be filed in this current situation by the representative for their interlocutory, notice, appeals, Reply, etc unless the NCLT Resume its Function.

26/05/2021

National Cooperative Dairy Federation of India (petitioner) filed a plea in the Delhi Court against the Companies who are misbranding the Beverages/ plant-based product as "Milk".

The Petitioner is represented by the Ciccu Mukhopadhaya with other advocates.

why this is in news:

Soya milk and Almond milk are extracted through the Plants
but Milk is not a plant-oriented product. According to the Food safety act 2006 and its allied regulations prevent the use of the word “milk” and other dairy terms like ‘paneer’, ‘curd’(Dahi), ‘yoghurt’ for any plant-based food/extracts as these do not qualify as milk, milk product or composite milk product. so this extracts thereby assuming a wholly distinct and dissimilar nature and composition to that of animal milk.

the Delhi High of delhi issue notice to the entities i.e. Harsey India, Sofit, Epigamia, Urban platter who are using the word "milk" in the Plant or Beverage Oriented product.
the FSSAI is the Party under this Plea.

Case Name: National Cooperative Dairy Federation of India vs FSSAI & ors.

So stay tuned for the next hearing on September 14.

13/05/2021

India has now the Highest real-time digital payment in the world.

India stood on the top by 25.5 M payment transaction in the world followed by China, South Korea, UK, and Thailand

This will show that India is growing day by day even in this pandemic situation.

So be safe stay safe by digital payment.

13/05/2021

Elen Musk the CEO of Tesla Company recently announced that Tesla will no longer accept Bitcoin as a payment. He said it consumes too much energy during this mining and that he can't promote something which has an impact on the environment. The Crypto market has sharply due to this step.

So be safe while investing in Bitcoin.

11/05/2021

West Bengal: Mamta Banerjee demand exemption of GST on Covid-19 related things/ products

The Finance Minister replied that if the GST exemptions were granted for domestic supplies and commercial imports of Covid-related drugs, vaccines, and oxygen concentration, manufacturers would not be able to offset the taxes paid on inputs and pass it on to consumers in terms of higher price.

10/05/2021

The High Court of Bombay quashed the FIR on a tweet against PM, CM of Maharashtra, Thakre and his Son.
By quashing the FIR files against the Local Resident Ms. Holey who tweet against the Prime Minister of India, Chief Minister of Maharashtra Udhav Thackrey and his son. He tweet upon the migrants who are compelled to move is from coronavirus.
High Court said, “by no stretch of imagination it can be said that the said tweet created hatred or enmity between the two groups of communities.”
Ms. Holey was charged under sections 153A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language etc and doing acts prejudicial to maintenance of harmony), 500 (punishment for defamation) and 505 2 (statements creating or promoting enmity, hatred or ill-will between classes) of the Indian Penal Code.

08/05/2021

The New Appointment of Tanzania President

Vice President Samia Suluhu Hassan sworn in as president after the sudden death of John Magufuli from an illness.

She is the First Female President in the country.

07/05/2021

15th amendment of Income Tax Act 1961 on LTA (Leave Travel Allowance)

The Central Board of Direct Tax through the Power Conferred u/s 295 inserted a new clause U/S 10(5) that is:
(1A) which deals with the Leave travel allowance Exemption under the income tax act.
The Employer provides this LTA to its employee to remunerate due to the tax benefit attached to it.
Earlier the limit of the Exemption is a maximum of 20000/-
Now the latest limit is 36000/-
This notification comes into force from 6th May 2021 as enforcement day and the period starts from 1st April 2021

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