Finance and Accounts

👉 Six major steps for MSME 1. Collateral Free Automatic Loan to MSME. No guarantee required. Period 4 Years. No principal repayment for 1 year. 2. Stressed MSME: Subordinate Debt 20,000 crore 3. MSME doing viable business: 50,000 cr. equity infusion for expansion 4. Definition of MSME changed:  a. Micro: Limit revised upward Investment  upto 1 cr. or  Turnover upto 5 cr. b. Small: Limit revised upward Investment  upto 10 cr. or  Turnover upto 50 cr. c. Medium: Limit revised upward Investment  upto 20 cr. or  Turnover upto 100 cr. d. No difference in manufacturing and service sector for Micro Enterprises 5. Government Tenders: Global tenders will be disallowed upto 200 cr. 6. E market linkage for MSME. Within next 45 days all payments will be made to MSME. 👉 EPF: For June, July and August will be paid by Government (72,22,000 employees will be benefitted). Total Rs. 2500 benefit cr. 👉 EPF: Statutory PF deposit limit reduced from 1...

1. Normal Taxpayers filing Form GSTR-3B a.Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Late fees waived if return filed on or before Feb, 2020 24th June, 2020 March, 2020 24th June, 2020 April, 2020 24th June, 2020 May, 2020 27th June, 2020 (extended due date for filing) b.Taxpayers having aggregate turnover of > Rs. 1.5 crores and upto Rs. 5 crores in preceding FY Tax period Late fees waived if return filed on or before Feb, 2020 29th June, 2020 March, 2020 29th June, 2020 April, 2020 30th June, 2020 c.Taxpayers having aggregate turnover of upto Rs. 1.5 crores in preceding FY Return/Tax period Late fees waived if return filed on or before Feb, 2020 30th June, 2020 March, 2020 03rd July, 2020 April, 2020 6th July, 2020 d.Taxpayers having aggregate turnover of upto Rs. 5 Cr. in preceding FY Tax period Extended date and no late fees if return filed on or before Princip...

Attention Taxpayers! Safeguard yourself from fake messages on GST Refunds It has been observed that some fraudulent messages are being circulated on WhatsApp, Email and SMS, claiming to process GST refund. It clearly shows that some miscreants have started to take undue advantage of Covid-19 crisis, by sending out fake messages with phishing links. One such link takes to a portal claimed to have been developed by GSTN.  The same is fake and Government has notified only  www.gst.gov.in  as the common portal, under the GST Laws. Through such links, the taxpayers are asked to fill important information such as- Personal details, Address, Refund Details and KYC Verification, which may not just cause financial losses to the taxpayer but also enable such unscrupulous elements to steal their personal data for mala fide intentions. Please be informed that GST refunds can be claimed through GST portal  www.gst.gov.in  only.  Any other source, portal w...

Finance  and Accounts Services  at Discounted Price due to COVID- 19 PKR Associates  is professionally managed firm. The team consists of chartered accountants. The firm represents a combination of specialized skills, which are geared to offers sound financial advice and personalized proactive services. Those associated with the firm have regular interaction with industry and other professionals which enables the firm to keep pace with  contemporary  developments and to meet the needs of its clients. We are rendering the following services: Services Discounted Price Company Incorporation Rs. 6,999/- (with Two Directors and with Rs. 1 Lac Capital) PAN Rs. 150/- TAN Rs. 150/- DSC Rs. 800/- Director KYC Rs. 500/- GST Registration Rs. 1000/- GST Return Nil Rs. 200/- GST Return with data Rs. 1,000/- Minimum (Maximum as per turnover) GST Annual Filing Rs. 5,000/- Minimum (Maximum as per turnover) Book Keep...