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Govt increases premium rates for PMJJBY and PMSBY
First ever Revision of premium rates of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) w.e.f. 1st June 2022 1st revision in the premium rates since in...
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GeM – SPV to allow procurement by Cooperatives as Buyers
Cabinet approves Expanding the mandate of Government e Marketplace – Special Purpose Vehicle (GeM – SPV) to allow procurement by Cooperatives as Buyers Move will help cooperatives in getting competiti...
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ICAI President’s Message – June 2022
My Dear Professional Colleagues, Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only...
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GST Revenue collection for May 2022 increases 44% year-on-year
₹1,40,885 crore gross GST Revenue collection for May 2022; increase of 44% year-on-year GST collection crosses ₹1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March...
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Centre Clears Entire GST Compensation Due till 31ST May, 2022
The Government of India has released the entire amount of GST compensation payable to States up to 31st May, 2022 by releasing an amount of Rs.86,912 crores. This decision was taken to assist the Stat...
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CBDT notifies National Biodiversity Authority U/s. 10(46)
CBDT notifies ‘National Biodiversity Authority’ under Section 10(46) of Income Tax Act, 1961 vide Notification No. 58/2022-Income Tax | Dated: 31st May, 2022 MINISTRY OF FINANCE (Department of Revenue...
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CBDT notifies Rule 44FA Form & manner of filing appeal to HC against Advance Ruling
CBDT notifies Rule 44FA. Form and manner of filing appeal to the High Court on ruling pronounced or order passed by the Board for Advance Rulings under sub-section (1) of section 245W vide Notificatio...
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Objection to speech by UP Dy. CM & CMA Brajesh Pathak targeting CAs
CA & CMA Gulshan Gullu has taken Objection to the speech by Hon Dy. CM and fellow CMA Brajesh Pathak targeting Chartered Accountants and requested President of Institute of Cost Accountants of India (...
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DRI seizes Red Sanders worth Rs. 11.70 crore under Operation Rakth Chandan
Ministry of Finance In line with its commitment to preserve the natural heritage of the nation, Directorate of Revenue Intelligence (DRI) has recovered 14.63 MT of Red Sanders, estimated at Rs 11.70 c...
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CBDT notifies Income-tax Authority for section 143(2) notice
CBDT authorises Assistant Commissioner of Income Tax/ Deputy Commissioner of Income Tax (International Taxation), Circle -1(1)(1), Delhi to act as the ‘Prescribed Income-tax Authority’ for the purpose...
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Provision for Online Mutation in Property Tax Registers in Cantonments
As a step towards facilitating ease of living, over 2.18 lakh property tax payers living in cantonment areas would be able to apply online for Mutation in property tax register under eChhawani Portal...
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Fake reviews on E-Commerce platforms under Centre’s radar
Department of Consumer Affairs to hold meeting with E-Commerce entities and stakeholders to discuss magnitude of fake reviews and prepare a roadmap ahead To gauge the magnitude of fake reviews on E-Co...
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New Guidelines of MSE-CDP approved
New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-CDP) approved The Government has approved New Guidelines of Micro & Small Enterprises Cluster Development Programme (MSE-...
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Advisory on Sharing of photocopy of Aadhaar & withdrawal of the same
Ministry of Electronics & IT Clarification on Aadhaar sharing issue by UIDAI This is in pursuant of the Press Release dated 27 May 2022 by the Bengaluru Regional Office, UIDAI. It is learnt that it wa...
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Updated schedule of CGST rates on goods as on 01.05.2022
Updated schedule of CGST rates on goods, as on 01.05.2022 as amended from time to time For ease of reference only The GST rates on certain goods have under gone changes since the introduction of GST....
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Faceless Penalty (Amendment) Scheme, 2022- Reg.
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 55/2022-Income Tax | Dated: 27th May, 2022 S.O. 2426(E).—In exercise of the powers conferred by s...
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Faceless Penalty (Amendment) Scheme, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 27th May, 2022 Notification No. 54/2022-Income Tax S.O. 2425(E).— In exercise of the powers conferred by sub-...
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DoCA cautions Restaurants on forced charging of “Service Charges” on consumers
Says it’s the discretion of the consumer; Calls National Restaurant Association on June 2nd to discuss the issue The Department of Consumer Affairs (DoCA) has scheduled a meeting on 2nd June, 2022 wit...
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Citizens can now access Digilocker services on MyGov Helpdesk on WhatsApp
Citizens can now download Digilocker documents such as PAN card, driving license, vehicle registration certificate, among others MyGov Helpdesk on WhatsApp will further PM Shri Narendra Modi’s vision...
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Handbook on Statement of Donations Received
As you all are aware that the ICAI has always been proactive in disseminating the knowledge and sharpening the skills of its members. Recently, changes were made in the provisions pertaining to compli...