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Non-current Liabilities with Covenants – Proposed amendments to IAS 1
Accounting Standards Board The Institute of Chartered Accountants of India 30th November, 2021 Non-current Liabilities with Covenants – Proposed amendments to IAS 1 Indian Accounting Standards (Ind AS...
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Supplier Finance Arrangements – Proposed amendments to IAS 7 & IFRS 7
Accounting Standards Board The Institute of Chartered Accountants of India 30th November, 2021 Supplier Finance Arrangements – Proposed amendments to IAS 7 and IFRS 7 Indian Accounting Standards (Ind...
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ICAI President’s Message – December 2021
Dear Professional Colleagues, As the last month of the year approaches, it is the time when most of us introspect about our past and plan for the future. We review this year’s progress and plan the re...
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Section 9(5) – GST Liability-e-commerce operator- Consolidated Notification
Section 9(5) – GST LIABILITY – E-COMMERCE OPERATOR: CONSOLIDATED NOTIFICATION Section 9 of the Central Goods and Services Tax (CGST) Act, 2017 relating to ‘Levy and Collection’, Section 9 (5) The Gove...
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₹ 1,31,526 crore gross GST revenue collected in November
GST collection for November,2021 surpassed last month collection registering the second highest since implementation of GST Revenues for the month of November 2021 , 25% higher than the GST revenues i...
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17,130 Implementing Agencies registered with MCA21 registry
The Government provides the broad framework for Corporate Social Responsibility (CSR) through Section 135 of the Companies Act, 2013 (‘Act’), Schedule VII of the Act and Companies (CSR Policy) Rules,...
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Representation on Issues in Registration of Charitable institutions due to order of CITs
BCAS representation in regard to the conditions set out in various orders of registration granted to Charitable institutions in response to applications preferred under section 12A(1)(ac) and the firs...
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Income Tax Department conducts search operations in Rajasthan
The Income Tax Department initiated search and seizure operations on a group engaged in manufacturing and export of jewellery and coloured gemstones at Jaipur on 23.11.2021. The search action covered...
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New Guidelines for International Arrivals in India
Dated the 28th November 2021 Government of India Ministry of Health and Family Welfare Guidelines for International Arrivals (in supersession of all guidelines issued on the subject on and after 11th...
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Gross GST Collection in FY 2021-22 shows increasing trend
The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to...
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DRI busts iPhone smuggling Racket
The Directorate of Revenue Intelligence has caught a stockpile of iPhones being smuggled into the country. After developing precise intelligence, officers of Directorate of Revenue Intelligence (DRI)...
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Institute of Cost Accountants of India elects new President & Vice-President
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (Statutory body under an Act of Parliament) CMA Bhawan, 3, Institutional Area Lodhi Road, New Delhi-110003 Press Release Date: 28 Nov 2021 Newly elected Pres...
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Guidelines for disallowing debit of electronic credit ledger under Rule 86A
F No. 461403 Government of Haryana Excise and Taxation Department Dated the 22nd November, 2021 Subject: Guidelines for disallowing debit of electronic credit ledger under Rule 86A of the HGST Rules,...
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Representation on increase in GST on textile & footwear
Nag Vidarbha Chamber of Commerce (NVCC) has made a representation to Hon’ble Prime Minister of India and Others against increase in GST on textile & footwear from 5% to 12%. It requested that in the i...
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GST collection for Oct 2021 registered second highest since GST implementation
GST collection for October 2021 registered the second highest since implementation of GST ₹ 1,30,127 crore gross GST revenue collected in October Revenues for the month of October 2021 are 24% higher...
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UP CM & FM Inaugurate Income Tax Office Complex at Lucknow
Chief Minister of Uttar Pradesh Shri Yogi Adityanath and Union Finance Minister Smt. Nirmala Sitharaman Inaugurate Income Tax Department’s Office Complex, the new ‘Pratyaksh Kar Bhawan’, at Lucknow. T...
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Income Tax Dept searches two major real estate developers of Ludhiana
Income Tax Department conducts search operations on two major real estate developers of Ludhiana The Income Tax Department initiated search and seizure operations on two major real estate developers o...
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DPIIT can consider PMP for the White Goods Industry
Shri Anurag Jain, Secretary, DPIIT at DPIIT-FICCI Investor Round table on PLI for White Goods DPIIT to support PLI investors to get faster clearances for projects Components Plants coming up at over 5...
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IBC, 2016 a “gamechanger reform”: Shri Piyush Goyal
Insolvency and Bankruptcy Code (IBC), 2016 a gamechanger reform: Shri Piyush Goyal India’s rank in ‘Resolving Insolvency’ indicator in World Bank’s Ease of Doing Business Report sees a meteoric rise o...
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Review of provisions related to Preferential Issues Guidelines
SEBI issues Consultation Paper on Review of provisions related to Preferential Issues Guidelines under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulati...