Articles by CA Umesh Sharma

MSME should do this for recovery of their Delayed Payments

CA Umesh Sharma 08 May 2023 at 14:02

Government under the Ministry of MSME has introduced the "MSME Samadhaan-Delayed Payment Monitoring System" Scheme, which aims to resolve disputes related to delayed payments by launching an online platform called the MSME Delayed Payment Portal regulated by Micro Small Enterprises Facilitation Council (MSEFC).

Begin journey towards your Dreams: Get to know about MSMEs and Startups Various Government Schemes

CA Umesh Sharma 01 May 2023 at 14:01

The government has introduced various schemes and subsidies for entrepreneurs assist them financially.

Companies need to file MSME payment data before 30th April 2023

CA Umesh Sharma 24 April 2023 at 14:10

Every year, all company taxpayers need to file form MSME-1 by a notification dated 2nd November 2018 but it holds a huge significance this year as the payments would be disallowed by the Income Act authorities if payment is not made within 45 days.

New Amnesty Scheme w.e.f. 1st April 2023

CA Umesh Sharma 03 April 2023 at 13:29

GST Council held its 49th GST Council Meeting on 18th Feb 2023 & now it has issued notifications on 31-03-2023. What are these notifications?

Important Things from GST Aspect To Remember This March 2023 ending

CA Umesh Sharma 27 March 2023 at 15:18

The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2023-24. How should a taxpayer prepare himself for this year's march ending.

Relief to Small and Medium Taxpayers in State Budget

CA Umesh Sharma 23 March 2023 at 08:50

Maharashtra State Budget was presented by Deputy Chief Minister (Finance)Shri Devendra Fadnavis on 9th March 2023. It was based on 'panchamrit' (five) principles with a focus on Farmers, Women, Youth, Employment, and Environment.

Important things from Income Tax aspect to consider this March ending!

CA Umesh Sharma 22 March 2023 at 06:49

Important tasks of income tax that should be undertaken before this March end has been listed in this article.

Enjoy the colors of GST and Income Tax in this Holi

CA Umesh Sharma 07 March 2023 at 07:59

Holi is the festival of colours. It signifies the triumph of good over evil. On the occasion of Holi, which colours have the government brought in GST and Income Tax?

Impact of Changes in ITR Forms for FY 2022-23!

CA Umesh Sharma 27 February 2023 at 14:16

New ITR forms have been notified by CBDT on 10/02/2023 and 14/02/2023, what is your view on that

GST Amnesty Scheme proposed in 49th GST council meeting

CA Umesh Sharma 20 February 2023 at 14:12

GST Council Meeting held on 18th February 2023 recommended various GST amnesty schemes and certain changes in tax rates along with rationalization in Late Fees for Annual return were also proposed.