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Educational Material on Ind AS 105, Non-current Assets Held for Sale and Discontinued Operations
Accounting Standards Board The Institute of Chartered Accountants of India 25th February, 2021 Announcement Release of Educational Material on Ind AS 105, Non-current Assets Held for Sale and Disconti...
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Advisory on Fake Invoice under GST
What is a “Fake Invoice”? ⇒ Fake Invoice refers to a ‘Non-Compliant GST Invoice’. ‘Non-Compliant GST Invoice’ means any invoice which does not comply with the provisions of the CGST Act and Rules, 201...
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Extend Due Date for Furnishing GSTR-9 & GSTR-9C for FY 2019-20
KSCAA requested to extend the due date for filing Annual Return GSTR9 and Reconciliation Statement GSTR9C for FY 2019-20 by at least 3 months i.e. until 31st May, 2021. KARNATAKA STATE CHARTERED ACOOU...
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MCA & CBIC sign MoU for exchange of data
Ministry of Corporate Affairs MCA & CBIC sign MoU for exchange of data for enhancing Ease of Doing Business in India and improve overall regulatory enforcement Posted On: 25 FEB 2021 The Ministry of C...
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Verify status of Nidhi companies before investment: MCA
Ministry of Corporate Affairs MCA advises investors to verify status of Nidhi companies before investment Posted On: 25 FEB 2021 Under the amended Companies Act, 2013 and the Nidhi Rules, 2014, compan...
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I-T Dept Searches Gurugram based real estate Company
Ministry of Finance Income Tax Department conducts searches in Haryana Posted On: 25 FEB 2021 Income Tax Department initiated search under section 132 of the Income-tax Act, 1961 today in the case of...
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Embargo lifted on grant of Government Business to Private Banks
Ministry of Finance Posted On: 24 FEB 2021 5:10PM by PIB Delhi The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related b...
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Report upto two decimal places in GSTR-9 offline utility: GSTN
Advisory on Annual Return (GSTR-9) The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload” after...
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File GSTR-9 & GSTR-9C for FY 2019-20 by February 28, 2021
Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 19-20 is more than Rs. 5 crore! File your Annual Return along with Reconciliation statement GSTR-9C before February 28, 2021.
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Request to extend time to file FORM GSTR 9 & 9C for FY 2019-20
Sales Tax Bar Association has requested for extension of time to file annual returns in FORM GSTR – 9 and Audit returns in FORM GSTR-9C for the year 2019-20. SALES TAX BAR ASSOCIATION (REGD.) Office:...
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7 Major Initiatives by ESIC for better services to Insured Workers/Women
Ministry of Labour & Employment ESIC takes Major Policy Initiatives for better services to Insured Workers/Insured Women Posted On: 23 FEB 202 Employees’ State Insurance Corporation (ESIC) during its...
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LIC Bima Jyoti
Ministry of Finance LIC OF INDIA launches new plan- LIC’s BIMA JYOTI Goa – LIC is All India no.1 in Single Premium (SP) growth as on date Posted On: 22 FEB 2021 5:11PM by PIB Mumbai Goa, 22 February 2...
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Model Financial Statements for Non-Corporate Entities
The focus on Non-Corporate Entities and scrutiny thereof by various regulators, financial institutions and others are increasing year on year. In this scenario as well as for the long term it is cruci...
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Opted QRMP Scheme – Pay GST by 25th
Attention GST Taxpayers who have opted for QRMP Scheme! Deposit due tax liability for January, 2021 by using Form/Challan PMT-06 before the due date February 25, 2021 as Latyye Payment will attract In...
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CBIC provides facilitation for exporters having IGST refund issues
Ministry of Finance Posted On: 22 FEB 2021 The Central Board of Indirect Taxes and Customs (CBIC) has extended the time limit for sanction of pending IGST refunds in such cases where records have not...
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Guideline for transfer of Black Money Act case to respective Central Charges
F.No.225/24/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 23rd February,2021 To All Pr. Chief-Commissioners of Income-tax/ Chie...
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Section 10(46) exemption to ‘Haryana State Pollution Control Board’
Notification No. 08/2021 Central Government notifies ‘Haryana State Pollution Control Board’ a Board constituted by the State Government of Haryana under the Water (Prevention and Control of Pollution...
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Survey questionnaire on Paying Taxes by DPIIT (Ease of Doing Business)
Quality Council of India (QCI) is an autonomous organization set up under the auspices of the Ministry of Commerce and Industry With the objective of improving reform implementation, we are conducting...
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Advisory on Reconciliation Statement (GSTR-9C )
22/02/2021 GSTR-9C Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining...
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I-T Dept searches Pune based group engaged in packaging & sale of tobacco
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 22nd February, 2021 PRESS RELEASE Income Tax Department conducts searches in Pune Income Tax Depa...