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Representation against Extension of time limit under section 54 to 54GB without extension of Income Tax Return due date
Vidarbha Industries Association has made a Representation against recent CBDT Circular No. 1/2023 Dated 06.01.2023 by which time limit for compliance to be made for claiming any exemption under Sectio...
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Exposure Draft of ICSI Social Audit Standards
Institute of Social Auditors 18th January, 2023 EXPOSURE DRAFT OF ICSI SOCIAL AUDIT STANDARDS The Securities and Exchange Board of India pursuant to Chapter X-A of SEBI (Issue of Capital and Disclosur...
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CBDT approves Indian Institute of Science Education & Research under Section 35(1)(ii)
CBDT approves ‘Indian Institute of Science Education and Research, Tirupati (PAN: AAAAI9820P)’under the category of ‘University, College or Other Institution’ for ‘Scientific Research’ for the purpose...
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Launch of electronic version of Supreme Court of Report (e-SCR) by SC of India
HIGH COURT OF GUJARAT IT CELL CIRCULAR Date: 13th January, 2023 Launch of electronic version of Supreme Court of Report (e-SCR) by Hon’ble Supreme Court of India As directed by Hon’ble the Chief Justi...
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Consultation paper on ‘Blocking of Funds for Trading in Secondary Market’
Securities and Exchange Board of India Jan 17, 2023 1. Objective 1.1. To solicit comments and inputs from stakeholders and members of public on introduction of facility of blocking of funds for tradin...
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Exposure Draft on International Tax Reform- Pillar Two Model Rules
Accounting Standards Board The Institute of Chartered Accountants of India 16th January, 2023 Exposure Draft on International Tax Reform- Pillar Two Model Rules (proposed amendments to IAS 12) Indian...
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ICSI requests Members to complete their CPE Credits by 31st March
THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) January 11, 2023...
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Expression of Interest for Initial Empanelment of Social Auditors
INSTITUTE OF SOCIAL AUDITORS OF INDIA COMPANY LIMITED BY SHARES NOR FOR PROFIT U/S 8 OF THE COMPANIES ACT, 2013 Head Office : ICAI Tower, Plot No. C-40, G Block, Opp. MCA Academy, Besides Standard Cha...
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Reduce late filing fees for Form GSTR 9, GSTR 4 & GSTR 10
All India NISME and Tax Professionals Association Ref:- AIMTPA/007/22-23 Date:- 14-Jan-2023 To, Hon’ Chairman, The Central Board of Indirect Taxes and Customs, Department of Revenue, c/o Ministry of F...
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NFRA to introduce Annual Transparency Report by the Audit Firms
As a step towards enhancing the transparency about management and governance of audit firms and their internal policy framework to ensure high quality audits and preventing conflict of interest by mai...
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Consultation Paper on Review of Regulatory Framework for Sponsors of a Mutual Fund
Securities and Exchange Board of India Consultation Paper on Review of Regulatory Framework for Sponsors of a Mutual Fund A. Objective The objective of this consultation paper is to seek comments / vi...
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Functionality to furnish LUT for FY 2023-2024 enabled
The Goods and Services Tax Network (GSTN) has enabled the functionality to furnish a Letter of Undertaking (LUT) for the Financial Year 2023-2024 on the GST Portal. Who can furnish LUT & benefit of fu...
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GSTINs suspended: Advisory on “Initiating Drop Proceeding” by taxpayers
Recently, a functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is for the taxpayers who have filed...
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New Functionalities for Taxpayers on GST Portal in December, 2022
1. Registration 1. Automation of Drop Proceedings for taxpayers suspended upon issuance of SCN in Form GST REG-17. A taxpayer is suspended on the portal if they do not file six or more consecutive mon...
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Request to announce another Income Disclosure & Vivad Se Vishwas Scheme
Memorandum containing suggestions for Budget 2023 by CCI Professionals Forum with request to consider annoucing another Disclosure Scheme and Vivad Se Vishwas Scheme in national interest. CCI PROFESSI...
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Direct Tax Collections for F.Y. 2022-23 up to 10.01.2023
Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year Net collection 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23 The provisional...
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Tamilnadu Govt. issues instructions for GST Intelligence Wing, Roving Squad
IW1/3365394/2022 Office of the Principal Secretary/Commissioner Of Commercial Taxes, Chennai-600 005. Dated: 10.01.2023 Present: Thiru Dheeraj Kumar, I.A.S., Principal Secretary/Commissioner of Commer...
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GST Council Newsletter for the month of December 2022
GST Council Secretariat, New Delhi The 481h GST Council Meeting was held on 17th December, 2022 in virtua: mode under the Chairmanship of Hon’ble Union Finance Minister. In a move to reduce the compli...
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SSAE 3000 – Assurance Engagements on Sustainability Information
Standard on Sustainability Assurance Engagements (SSAE) 3000 – Assurance Engagements on Sustainability Information Preface The Sustainability Reporting Standards Board (SRSB) of the Institute of Chart...
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Implementation of Recommendations of 48th GST Council Meeting
1. Reversal of ITC in case of non-payment of tax by the supplier by a specified date and mechanism for re-availment. Rule 37(1) of the CGST Rules is amended w.e.f 01.10.2022 to provide that a register...