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Institute of Cost Accountants of India signs MoU with ACCA, UK
Memorandum of Understanding (MoU) between the Institute of Cost Accountants of India and the Association of Chartered Certified Accountants, United Kingdom (ACCA, UK) The Union Cabinet, chaired by Hon...
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Exposure Draft: Subsidiaries without Public Accountability: Disclosures
Accounting Standards Board The Institute of Chartered Accountants of India 9th August, 2021 Subsidiaries without Public Accountability: Disclosures Indian Accounting Standards (Ind AS) are based on th...
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Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme
The scheme ‘Vivad Se Vishwas’ is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme. This was stated...
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No Ban on Import of Toys
Government Provids All Round Support to Domestic Toy Industry by Promoting Made in India Government is not considering ban on import of toys. Government has taken several steps for promoting indigenou...
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Avoidance of GST by E-commerce Companies
CAIT India has sent an important communication to all Chief Ministers of Indian States drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to both stat...
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e-mail ids for registering grievances under Faceless Scheme
In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates dedicated e-mail ids for registering grievances in respect of pending c...
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Know all about e-RUPI, the new digital payment instrument
Ministry of Finance Posted On: 06 AUG 2021 (Prime Minister Shri Narendra Modi on August 2nd launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. Prime M...
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ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021
The Institute of Company Secretaries of India ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021 The Institute is organizing Convocation of the Western Region for awarding the certif...
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MCA exempts foreign & companies incorporated outside India from provisions of sections 387 to 392
Exemption from Chapter XXII: Companies Incorporated Outside India Central Government hereby exempts (a) foreign companies; (b) companies incorporated or to be incorporated outside India, whether the c...
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Companies (Registration of Foreign Companies) Amendment Rules, 2021
MCA notifies Companies (Registration of Foreign Companies) Amendment Rules, 2021 vide Notification No. G.S.R. 538(E) dated 5th August, 2021. In Rule 2(1)(c) of the Companies (Registration of Foreign C...
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Companies (Specification of definitions details) Third Amendment Rules, 2021
MCA notifies Companies (Specification of definitions details) Third Amendment Rules, 2021 vide Notification No. G.S.R. 539(E) dated 5th August, 2021. In Rule 2(1)(h) of the Companies (Specification of...
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Summary of Latest Changes in GSTR 9 & GSTR 9C by ICMAI
A short time ago, the Central Board of Indirect Taxes and Customs issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 that amended Central Goods and Services Tax Rules, 2017. Vario...
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Members of Profession are soft target of GST Department
Faridabad Branch of NIRC of ICAI has made a representation to The Commissioner CGST, Faridabad and brought to his attention that Members of Profession are the soft target of the GST Department, Reveng...
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GST authorities recovers more than Rs 1,900 crore in tax evasion in FY 2021-22
GST authorities recover more than Rs 1,900 crore in tax evasion in FY 2021-22 (upto June 2021) The interface for the taxpayers is on a digital platform and software-based, to be used for payment of ta...
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Taxation Laws (Amendment) Bill, 2021 – May Benefit Vodafone, Cairn UK
Taxation Laws (Amendment) Bill, 2021 is introduced in Lok Sabha on 05th August 2021. Bill is further to amend the Income-tax Act, 1961 and the Finance Act, 2012. The Bill proposes to amend the Income-...
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CBDT designates Special Court for Telangana under Section 280A & Black Money Act
Notification No. 89/2021-Income Tax | Dated 04.08.2021 Chief Justice of the High Court for the State of Telangana, hereby designates the Court of the Special Judge for Economic Offences-cum-VIII Addit...
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CBDT designates Special Court for Gujarat under Black Money Act
Notification No. 87/2021-Income Tax | Dated 04.08.2021 – Chief Justice of the High Court of Gujarat, hereby designates the following Court mentioned in column (2) of the Table below as the Special Cou...
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Implementation of Insolvency and Bankruptcy Code- Pitfalls & Solutions
STANDING COMMITTEE ON FINANCE (2020-2021) SEVENTEENTH LOK SABHA MINISTRY OF CORPORATE AFFAIRS IMPLEMENTATION OF INSOLVENCY AND BANKRUPTCY CODE- PITFALLS AND SOLUTIONS THIRTY-SECOND REPORT LOK SABHA SE...
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Various measures taken by Government for promotion of exports
Government is continuously engaged in strengthening Indian industry through “ease of doing business” for improving the business environment and attracting foreign investments Government is committed f...
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Draft Format of Outstanding Debt recovery Letter
To, Address City, Maharashtra, 422001. Subject : First Reminder for Late Payment Dear Sir/Maam, It has come to our attention that your account is overdue for payment. So, this letter is to remind you...