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Waive mandatory requirement of GST No. for trade on ecommerce: CAIT
Confederation of All India Traders (An Apex Body of Trade Federation, Association & Non-Corporate Sector of India) “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005, Phone: +91-11-45032664,...
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Tax Revenues in India Mark a Record High in a Post-Pandemic Economy
FY 2021-22 revenue Rs. 27 Lakh Crore; up 34% over Previous Year Slew of Measures such as Ease of Filing ITR, Faceless e-Assessment, new AIS & GST reforms Boosting Compliance & Fueling Tax Collection A...
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CAS supports embraces & stands in support Faceless Proceedings
Chartered Accountants Association, Surat To, The Finance Minister, 134, North Block, New Delhi – 110011 Respected Madam, At the outset we, being the representatives of stakeholders, would like to cong...
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E-pharmacy companies killing chemist trade by mal-practices: CAIT
Confederation of all India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh,New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 Ref. No.: 3397/1/50 11th April, 2022 Dr. Mansukh Mandavi...
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Government reduces import duty of cotton to zero
A total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications received Proposed total investment expected from Applicants is Rs. 19,077 crore and...
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UDIN for Audit Report for Statutory Audit of Bank Branches – Reg.
The Institute of Chartered Accountants of India (Set up by Act of Parliament) UDIN Directorate The Institute of Chartered Accountants of India 12th April 2022 Sub: Additional Information to be provide...
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CBIC Chairman releases National Time Release Study, 2022
Shri Vivek Johri, Chairman, Central Board of Indirect Taxes and Customs (CBIC), presented a set of Time Release Studies (TRS) conducted by the department. TRS are essentially a performance measurement...
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Summary of Report of Company Law Committee (2022)
Report of The Company Law Committee (2022) recommends various changes to the Companies Act, 2013 to recognise new concepts, expedite corporate processes, improve compliance requirements, and remove am...
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MCA invites Comments on Report of Company Law Committee (2022)
MCA invites comments/suggestions on Report of Company Law Committee (2022) from all the stakeholders through e-Consultation Platform on the MCA website. Ministry of Corporate Affairs NOTICE INVITING C...
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Government reduces import duty of cotton to zero
A total of 61 applicants approved under Production Linked Incentive (PLI) Scheme For Textiles out of 67 applications received Proposed total investment expected from Applicants is Rs. 19,077 crore and...
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CBDT releases Common Offline Utility (ITR 1 to ITR 4)
CBDT has enabled the common offline utility for filing ITR-1 and ITR-4 for the Assessment Year 2022-23 and ITR 2 and ITR 3 will be enabled shortly. Taxpayers can download ITR Offline Utility through “...
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Cabinet approves Bilateral MOU between SEBI & Manitoba Securities Commission, Canada
Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada The Union Cabinet chaired by the Prime Minister Shri Na...
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Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC
International Finance Services Centres Authority (IFSCA) constituted Expert Committee on Longevity Finance, co-chaired by Ms. Kaku Nakhate, Country Head (India), Bank of America and Mr. Gopalan Sriniv...
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Filing of patents increases by more than 50% in the last 7 years
For the first time in 11 years, the number of domestic patent filing surpasses the number of international patent filing in India during Jan-Mar 2022 Shri Piyush Goyal appreciates consistent efforts m...
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ICSI Clarification Regarding Obtaining Mandatory CPE Credits
The Institute of Company Secretaries of India April 11, 2022 CLARIFICATION REGARDING OBTAINING THE MANDATORY CPE CREDITS Dear Professional Colleague, This is in continuation to the communication dated...
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Peer Review Mandate – Roll Out – (Revised)
Peer Review Board The Institute of Chartered Accountants of India 11th April, 2022 ANNOUNCEMENT Peer Review Mandate – Roll Out – (Revised) The Council at its 407th Meeting held from 7th – 9th January...
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2- Factor Authentication for e-Way Bill and eInvoice System
To enhance the security of the e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to the e-Way Bill/e-Invoice system. In addition to username and password, OTP will...
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One arrested by DGGI Gurugram officials for fraudulently availing IITC
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GU), Gurugram, has u...
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Section 10(46): CBDT notifies Rajasthan Electricity Regulatory Commission
CBDT notifies Rajasthan Electricity Regulatory Commission under section 10(46) of Income Tax Act vide Notification No. 30/2022-Income Tax Dated: 11th April, 2022. MINISTRY OF FINANCE (Department of Re...
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CBDT notifies Somnath Temple as place of historic importance for Section 80G
CBDT notifies Somnath Temple as place of historic importance and a place of public worship of renown under section 80G of Income-tax Act, 1961 vide Notification No. 29/2022-Income Tax Dated: 11th Apri...