CBIC Clarification on Director Remuneration

The issue pertaining to Director Remuneration has been examined by the CBIC and they have clarified the position vide Circular No: 140/10/2020 – GST dated 10.06.2020 in line with our opinion. The Circular is attached here for your ease of reference. Directors who are not employees of the Company e.g. Independent Directors Remuneration paid to …

Webinar on Ramifications and Reliefs in GST in Lockdown Period covering decisions taken in the 40th GST Council Meeting

PHD Chamber of Commerce & Industry is organizing a Webinar on Ramifications and Reliefs in GST in Lockdown Period covering decisions taken in the 40th GST Council Meeting. Date and Time: 20th June, 2020 (Saturday) from 11:00 AM to 02:30PM. Eminent Speakers: Mr. N K Gupta Chairman (Indirect Taxes Committee) Mr. Bimal Jain Mentor (Indirect …

Big Boost for Entrepreneurs as Central Government redefines criteria for enterprises to be classified as MSME

The Ministry of Micro, Small and Medium Enterprises has recently issued a Notification dated 1st June, 2020, notifying the criteria for classification of micro, small and medium enterprises. Vide the said Notification, the Government has significantly amended the criteria for an enterprise to be classified as Micro, Small and Medium Enterprises. The announcement for the …