Compliance Current Affairs, GK & News

All-time high GST collections in April 2022

India’s gross Goods and Services Tax (GST) revenues hit a new high of ₹1.68 lakh crore in April 2022. For the first time, gross GST collection has crossed the ₹1.5 lakh crore mark. Is the growth in collection uniform across all states? There were wide variations in growth trends across States. While Tamil Nadu’s collections ..

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DPIIT to relax Compliance Burden of Companies

The department for Promotion of Industry and Internal Trade (DPIIT) has highlighted that, the government is planning to ease and scrap the thousands of compliance burdens for the companies. It will be done in two phases by August 15, 2021. Background In a webinar organised in the first week of March 2021, Prime Minister Modi ..

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Numaligarh Refinery Ltd (NRL) becomes India’s first oil Public Sector Undertaking (PSU) to introduce online legal compliance “Legatrix”

The Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing ‘Legatrix’. The cloud-based compliance management system ‘Legatrix’ is a one-stop solution for effectively managing the organisation’s legal and regulatory compliances through monitoring control at different levels. It encompasses the requirements ..

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