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Press release about ABG Shipyard issue by SBI
ABG Shipyard was incorporated on 15 March 1985, has been banking arrangements since 2001. Financed under Consortium arrangement over a two dozen lenders. Leader in Consortium was ICICI Bank. Due to po...
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Representation on various issues faced by tax payers under GST laws
GOODS AND SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA Ref: 05/SR/2021-2022 Date: 16.02.2021 To, The Chief Commissioner of CGST, Mumbai Commissionerate Sub: Representation on various issues...
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Instructions for enabling Internal Control Mechanism for Refunds in GST
File No.407406 EXCISE & TAXATION DEPARTMENT, HARYANA Vanijya Bhawan, Plot No. 1-3, Sector 5, Panchkula – 1341 09 Ph: 0172-2590990 Fax: 0172-2590935 www.haryanatax.gov.in Internal Instructions To All J...
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Draft National Policy for Micro, Small and Medium Enterprises in India
PY-10024/6/2020-POLICY-DCMSME (E-17555) Ministry of MSME Office of the Development Commissioner(MSME) (MSME Policy Division) Room No. 710, Nirman Bhavan. New Delhi Dated: 4th February, 2022 OFFICE MEM...
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MCA General Circular No. 01/2022 - dated 14th February, 2022
As per circular additional fees for filling of Annual Financial Statement/Return filings required to be done for the financial year ended on 31st March, 2021, has been further extended and no addition...
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Steps to mitigate negative impact of Covid-19 on small businesses
IMPACT OF COVID-19 ON SMALL BUSINESSES The Government has taken a number of recent initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses in...
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ICAI elects President & Vice-President for the year 2022-23
ICAI elects New Torchbearers for the year 2022-23- CA. (Dr.) Debashis Mitra elected as President, ICAI and CA. Aniket Sunil Talati elected as Vice President, ICAI. CA. (Dr.) Debashis Mitra, President...
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ICAI Guidance Note on Audit of Banks (2022 Edition)
Statutory audit of banks involves a number of peculiarities due to some unique features of banks and banking operations e.g. huge volumes and complexity of transactions, wide geographical spread of ba...
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MCA introduces new form CSR-2 – Report on CSR
The MCA vide its notification dated 11th February, 2022 has notified Companies (Accounts) Amendment Rules, 2022 which shall come into force from 11th February 2022. In the Companies (Accounts) Rules,...
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ROC imposes Rs. 2 Lakh penalty for delay in Share Certificate issue
The company has received a remittance of Rs. 50,00,000 from its subscriber on 17.05.2021 in its bank account towards share capital contribution for subscription of equity shares of the company and the...
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CBDT corrects its mistake in Notification Numbering
CBDT has issued a Notification on 27.01.2022 and by Mistake numbered it as Notification No. Notification No. 12/2022-Income Tax while it already issued a notification with similar Number on 25.01.2022...
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6.2 crore ITRs & 21 lakh TARs filed on new e-Filing portal
More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax Audit Reports(TARs) filed on the new e-Filing portal of the Income Tax Department More than 6.2 crore Income Tax Returns(ITRs)...
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Govt initiatives to promote Information Technology Industry Services
EXPORT OF IT INDUSTRY SERVICES The Government of India (GoI) has taken various initiatives to promote Information Technology and Information Technology enabled Services (IT/ ITeS) sector in the countr...
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Migration of Foreign Companies To India
Various initiatives/schemes have been launched by Government for promoting growth and attracting investment in India. The Make in India programme was launched on 25th September, 2014 with aim of facil...
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ICAI mandates Peer Review for certain categories of Firms
Public Relations Committee The Institute of Chartered Accountants of India 11th February, 2022 ICAI mandates Peer Review for certain categories of Firms The Institute of Chartered Accountants of India...
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2 out of 5 compliances can send an entrepreneur to jail
states TeamLease RegTech and ORF Report TeamLease RegTech in association with Observer Research Foundations launches ‘Jailed for Doing Business’ Report ~ ♦ A new monograph by the Observer Research Fou...
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No need to physically port ration card from one State/UT to another
No need to physically port the ration card from one State/UT to another under One Nation One Ration Card (ONORC) plan Since inception of the ONORC in August 2019, about 56 Crore portability transactio...
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J&K becomes first UT to be integrated with National Single Window System
LG, Shri Manoj Sinha launches the J&K Single Window Clearance System integrated with NSWS. NSWS is linked with India Industrial Land Bank (IILB) which hosts 45 industrial parks of J&K, will help Inves...
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Gross NPA of scheduled commercial banks declined
As per Reserve Bank of India (RBI) data on global operations, gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9,33,779 crore (GNPA ratio of 9.07%) as on...