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Budget 2021 – Changes in Goods and Services Tax

No Input Tax Credit if a supplier has not filed returns Section 16 allows taxpayers’ to claim an input tax credit based on GSTR-2A and 2B. However, a new clause (aa) has been inserted in the aforesaid section, adding one more condition to…
Budget 2021 – Changes in Customs and Excise

Budget 2021 – Changes in Customs and Excise

New Agriculture Cess on Petrol and High Speed Diesel Government has introduced a new Agriculture Infrastructure and Development Cess (AIDC) as an additional duty of excise on Petrol and High-speed diesel. The purpose of this cess is to finance…
Budget 2021 – Changes in Corporate Laws

Budget 2021 – Changes in Corporate Laws

Decriminalising LLP Act The Government has announced that it shall now take up Limited Liability Partnership Act and decriminalize its various provisions to remove harsh provisions for minor offences and enhance ease of doing business. Earlier,…
Key Government Policy Announcements of Budget 2021

Key Government Policy Announcements of Budget 2021

Health and Well-being New ‘Prime Minister Atma Nirbhar Swasth Bharat’ scheme with an outlay of INR 64,180 crore over next six years to develop primary, secondary, and tertiary health care systems Intensified strategy to improve nutritional…
Interesting facts about India’s Budget

Interesting facts about India’s Budget and its unique traditions

There are various traditions attached to the presentation of annual budget ever since the Republic of India presented its first budget in 1950. Let’s go through a few them here in this article. Budget is presented every year on February…
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What is Budget and why it is important for common man

We often budget our earnings and expenditure – that’ how we get our dream car and dream house. It’s a tough task to calculate, estimate, save and plan the whole thing and gets even more complicated when the family expands. India is a country…
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An insight into the inside story of Budget 2021 – Opinion

Another year and another budget! On February 1, Finance Minister Nirmala Sitharaman presented the budget for the Union Government of India, her third budget presentation or let’s say three and a half, as the COVID-19 relief package which spread…
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Wallstreet vs Reddit: How some geeks brought barons to their knees

It’s not unknown to anyone that the gap between the commoners and the megacorps has increased over the years. We have Google threatening to shut down its services in Australia if the new laws which allow news media to ask for a revenue share…
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Don’t be shy to find your why. Dive deeper and discover reality.

Hello friends, I am 2021. “Hello friends, how are you doing? I am glad you are safe. By now you already know me – I am 2021, welcome to my age! Firstly, kudos to you for successfully graduating2020. It’s okay if you didn’t fetch good…
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Chefs who cook books – How creative accounting is leading to mistrust on valuations

In 2003, a 19-year-old Elizabeth Holmes founded Theranos, a health tech startup that claimed it had devised blood tests that required a very small amount of blood and its tests could be performed rapidly. Elizabeth’s Theranos quickly gained…