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India gets highest annual FDI inflow of USD 83.57 billion in FY21-22
India rapidly emerges as a preferred investment destination; FDI inflows have increased 20-fold in last 20 years. FDI equity inflows in Manufacturing rise by 76% in FY 2021-22 FDI inflows rise by 23%...
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ICAI decisions on ill- treatment of CAs by GST investigating authorities
Decision taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Co...
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DRI & Indian Coast Guard interdict 218 kg heroin
Directorate of Revenue Intelligence (DRI) & Indian Coast Guard (ICG) interdict 218 kg heroin in mid sea drug bust off the coast of Lakshadweep Islands An operation was launched by the Directorate of R...
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CBI books 5 for bribery to facilitate visa to Chinese company
Central Bureau of Investigation CBI Registers A Case Against Five Accused On Certain Allegations Including Bribery To Facilitate Issuance Of Visa To A Chinese Company Beyond Ceiling; Searches Being Co...
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Fraudulent ITC availment of 160 crore- DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), H...
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Consultation paper on reducing delays in corporate insolvency resolution process
Insolvency and Bankruptcy Board of India 13th April, 2022 Consultation paper on issues related to reducing delays in the corporate insolvency resolution process This paper presents in detail four issu...
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GSTR2B is now available for April 2022
It may be noted that, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B only if the taxpayer has not saved any data in GSTR3B for that tax period. 2. The auto population of ITC in G...
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Circular on use of functionality under section 206AB & 206CCA
F.No. 370133/3/2022-TPL Government Of India Ministry Of Finance Department Of Revenue Central Board Of Direct Taxes (TPL Division), New Delhi Circular No. 10 of 2022 | Dated: May 17, 2022 Subject; Cir...
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Information System Audit – Assessment Test (ISA – AT), July 2022
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] 17th May, 2022 IMPORTANT ANNOUNCEMENT Subject: Information System Audit – Assessment Test (ISA – AT), July 2022 Members...
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Govt may extend due date of filing GSTR-3B for April 2022
A technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B & auto-population of GSTR-3B on portal. Infosys has been directed by Govt for early resolution. Technical team is wo...
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Request to announce Tax Amnesty Scheme under state laws & CST Act
Request to announce Tax Amnesty Scheme / one time settlement scheme for pending demand, disputes, appeals, litigations and recovery under various state laws and CST Act. THE GUJARAT SALES TAX BAR ASSO...
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Department of Telecom issues SOP for Deduction Verification
Aims to ensure greater levels of standardization, efficiency as well as transparency and accountability in the deduction verification process Department of Telecommunications (DoT), Ministry of Commun...
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Prohibit e-pharmacy platforms in India to safeguard public health: CAIT
Confederation of All India Traders “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005. Phone: +91-1145032664, Telefax: +91-11-45032665, Ref. No, 3405/1/50 Dr. Mansukh Mandaviya Minister of H...
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Country’s first Pan-India helpline for senior citizens
Elder Line (Toll Free No- 14567) India is expected to have nearly 20% elderly population i.e. over 300 million senior citizens by 2050. It is significant; as many countries have a population less than...
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CGST Thane Commissionerate busts fake ITC racket worth Rs. 8 Crore
Thane Central GST Commissionerate has busted a fake GST Input Tax Credit (ITC) racket and arrested the proprietor of a Dahisar based firm. Acting on a specific input from Central Intelligence Unit of...
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3.26 lakh dealers not paid a single rupee as GST during 2021-2022
Press Release Date : 12.05.2022 Commercial Taxes Department has identified 3.26 lakh dealers as not having paid a single rupee as GST during the year 2021-2022. Similarly, about 1.94 lakh dealers have...
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Authorization Letter for HUF for GST registration under GST Act
Declaration for Authorized Signatory I ……….…. (Karta of ………..…….) hereby solemnly affirm and declare that …………..(Name of Person) to act as an authorized signatory for the business………………… (Name of Busi...
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Request to use EVC option to verify ITR
Our database shows that, you have verified your E-filed Income Tax Returns, by sending signed physical copy of the ITR-V to CPC, Bengaluru. We would like to inform you about simplified electronic veri...
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Advisory on Payment of fees in connection with filings made with SEBI
The BSE Exchange has received a communication from SEBI regarding payment of fees in connection the filings made with the SEBI. Payment of fees in terms of SEBI (Issue of Capital and Disclosure Requir...
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Update all pending UDINs at e-filing portal immediately: ICAI
Updation of UDINs at e-filing Portal Various instances of invalidation of UDINs at the e-filing portal of Income Tax Department are being reported by Members. In view of these, certain technological c...