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Clandestine procurement & supply of Goods: Gurugram Court grants transit remand of accused
Gurugram Court grants transit remand of accused to the Court of learned Chief Judicial Magistrate, Yamuna Nagar at Jagadhri In GST case DGGI, GURUGRAM V. MANOJ KUMAR 2022 (Gurugram Court) “Mere fact t...
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853 FDI proposals disposed off in the last 5 years
Foreign Investment Facilitation Portal (FIF) completes 5 years since Union Cabinet decision to abolish FIPB 853 FDI proposals disposed off in the last 5 years; FDI jumped by 39% since FIF came into be...
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ICAI advisory on Representation to government & other authorities
Institute of Chartered Accountants of India No. ICAI/Advsry-RC-Br/May’22 23rd May, 2022 To The Chairmen of all Regional Councils and Branches of ICAI Sub: Representation to the government and other au...
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Gorakhpur advocates not allowing CAs to appear before VAT/State GST Authorities
Gorakhpur Chartered Accountants Association has in made a representation to Local GST Authorities for not allowing them to visit GST offices to Chartered Accountants allegedly by Few advocates and it...
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Govt to share details of Commercial Rent/Lease Deed to curb evasion of GST
Government of Haryana Excise & Taxation Department Haryana Chandigarh, 23rd May 2022 PRESS RELEASE Haryana Revenue Department to share data of Commercial Rent/Lease Deed with Haryana Excise and Taxati...
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Gurugugram CA arrest by GST Dept. – Submission by Dept. in Court
CGST, Gurugram (Anti Evasion) Vs Gaurav Dhir (Chief Judicial Magistrate, District Courts, Gurugram) U/s 132(1)) r/w 132(1)(b)(C)(e)(f) CGST Act 2017 Date of Arrest: 18.05.2022 Involvement: lllegal ava...
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Need for a Cooperative Policy to boost cooperative sentiments
Confederation of All India Traders (An Apex Body of Trade Federation, Association & Non-Corporate Sector of India) “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005, Phone: +91-11-45032664,...
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ICAI members to maintain Cost Sheet for Tenders related work
Tender Monitoring Group Professional Development Committee The Institute of Chartered Accountants of India May 19, 2022 Announcement regarding Maintenance of Cost Sheet by member of the Institute resp...
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Representation against beyond law use of power by GST officer
Economic Cell of Bharatiya Janata Party, Rajasthan has made a representation to Smt. Nirmala Sitharaman, Minister of Finance and Corporate Affairs on 21/05/2022 against Beyond law use of power by GST...
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CGST Mumbai unearths fake tax credit network and arrests one
The officers of Anti-Evasion wing of CGST Commissionerate Mumbai East of Mumbai Zone have unearthed a fake Input Tax Credit (ITC) Network and arrested the Director of a Kurla based company for GST fra...
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Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’
Securities and Exchange Board of India Consultation paper on introducing framework of Schemes of Arrangement for entities that have listed only debt securities/ NCRPS’ A. Background i. Chapter XV of t...
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India gets highest annual FDI inflow of USD 83.57 billion in FY21-22
India rapidly emerges as a preferred investment destination; FDI inflows have increased 20-fold in last 20 years. FDI equity inflows in Manufacturing rise by 76% in FY 2021-22 FDI inflows rise by 23%...
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ICAI decisions on ill- treatment of CAs by GST investigating authorities
Decision taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Co...
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DRI & Indian Coast Guard interdict 218 kg heroin
Directorate of Revenue Intelligence (DRI) & Indian Coast Guard (ICG) interdict 218 kg heroin in mid sea drug bust off the coast of Lakshadweep Islands An operation was launched by the Directorate of R...
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CBI books 5 for bribery to facilitate visa to Chinese company
Central Bureau of Investigation CBI Registers A Case Against Five Accused On Certain Allegations Including Bribery To Facilitate Issuance Of Visa To A Chinese Company Beyond Ceiling; Searches Being Co...
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Fraudulent ITC availment of 160 crore- DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), H...
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Consultation paper on reducing delays in corporate insolvency resolution process
Insolvency and Bankruptcy Board of India 13th April, 2022 Consultation paper on issues related to reducing delays in the corporate insolvency resolution process This paper presents in detail four issu...
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GSTR2B is now available for April 2022
It may be noted that, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B only if the taxpayer has not saved any data in GSTR3B for that tax period. 2. The auto population of ITC in G...
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Circular on use of functionality under section 206AB & 206CCA
F.No. 370133/3/2022-TPL Government Of India Ministry Of Finance Department Of Revenue Central Board Of Direct Taxes (TPL Division), New Delhi Circular No. 10 of 2022 | Dated: May 17, 2022 Subject; Cir...
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Information System Audit – Assessment Test (ISA – AT), July 2022
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA [Set up by an Act of Parliament] 17th May, 2022 IMPORTANT ANNOUNCEMENT Subject: Information System Audit – Assessment Test (ISA – AT), July 2022 Members...