Karnani & Co., Chartered Accountants

ANIMAL HUSBANDARY INFRASTRUCTURE DEVELOPMENT FUND (AHIDF SCHEME)

The Animal Husbandry Infrastructure Development Fund offers significant opportunities for businesses in dairy, meat processing, animal feed, and related sectors.

Key Benefits:

- Up to 90% loan coverage for eligible projects
- 3% interest subvention for 8 years
- Credit guarantee support for MSME projects

Who can apply:

- Private companies
- Individual entrepreneurs
- Farmer Producer Organizations
- MSMEs
- Section 8 companies
- Cooperatives

Covered sectors:

- Dairy processing and value addition
- Meat processing facilities
- Animal feed manufacturing
- Breed improvement technology
- Veterinary vaccine production
- Waste management systems

The scheme provides substantial financial support interest rate subvention and Govt Guarantee on the loans availed in the animal husbandry sector.

Please read our detailed article. Link in comments.

Have you considered opportunities in the animal husbandry sector?
What challenges do you see in accessing government schemes?

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Section 194Q is getting effective w.e.f. 01-07-2021. Its a complicated section.

This can be easily understood by this flow chart.

Government will discuss about waving GST late fees in the next GST Council Meeting. The professionals and industry should make proper representation with following points.

1. Requesting late fee waiver is not the solution.

2. The law should be streamlined permanently to avoid such requests which are happening on continuous basis.

3. Late fee amount should be in consonance with the net cash liability of that particular return period.

4. Maximum limit of late fee should be fixed. It cannot be infinite based on number of days of delay.

https://bit.ly/36TuJ9S

GST late fees waiver to be discussed in next GST council meeting – :: Welcome ~ Karnani & Co, Jaipur, Rajasthan ~Chartered accountant :: After continuous request from industry and professional regarding waiver of late fees for filing of GST returns, the government has announced on 01-06-2020 to take up this issue of GST late fee waiver in the next GST council meeting.

Instant Aadhar based PAN facility launched by income tax department.

https://bit.ly/2MbZOw2

Attention COVID-19 related products manufacturers. Update your data at MSME site. This will help in government procurements.

To know more pls visit

COVID-19 related products manufacturers – Update your Data at MSME site – :: Welcome ~ Karnani & Co, Jaipur, Rajasthan ~Chartered accountant :: During this COVID-19 pandemic, the government is continuously trying to help domestic MSMEs by procuring as much products from them during this period.

https://bit.ly/3gj5Fh8 - Cabinet Approves Emergency Credit Line Guarantee Scheme of Rs. 3 lakh crores. Salient features are given here. This is a kind of Business Loan Scheme for existing borrowers guaranteed by govt.

Very true.

Why GST Input Reconciliation is Important

26AS = GSTR-2A

- Income tax AOs will ask for GSTR-2A
- Entries in GSTR-2A will also have to be explained in Income Tax Assessments
- Unrelated , unreconciled entries in GSTR-2A can be a challenge.

http://www.karnanica.com/2020/04/08/donate-to-pm-cares-fund-during-covid-19-crisis/