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FRN compulsory for UDIN Generation from 1st February 2022
This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched...
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UDIN for Audit Forms/Certificates can be updated till 30.04.2022
UDIN Directorate The Institute of Chartered Accountants of India 31st January 2022 Last Date of updation of UDINs at e-filing Portal The CBDT has extended the last date for updating UDINs for all the...
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Admiration of CGST for expeditious granting of GST Registration
CAAS appreciates the policy implementation by CGST Vadodara Zone with respect to issuing of speedy & non-invasive GST Registrations in matter of hours & at the most taking 2 days as promised under the...
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GST Liability paid percentage – Calculation methodology
Liability paid percentage = (Liability paid / Liability auto drafted) *100 Liability paid: This is the sum of total liability (Other than reverse charge and reverse charge) paid by the taxpayer in For...
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SEBI Consultation Paper on Environmental, Social and Governance (ESG) Rating Providers for Securities Markets
CONSULTATION PAPER ON Environmental, Social and Governance (ESG) Rating Providers for Securities Markets 1. Background of this Consultation 1.1. In recent years, climate change concerns and sustainabl...
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DGGI Gurugram officials bust nexus of 93 fake firms issuing fake ITC invoices
DGGI Gurugram officials bust nexus of 93 fake firms issuing fake input tax credit invoices of Rs 491 crore, arrest one The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI),...
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Section 10(46) exemption to West Bengal Electricity Regulatory Commission
Vide Notification No. 11/2022 – Income Tax | Dated: 27th January, 2022 CBDT notifies Tax Exemption to ‘West Bengal Electricity Regulatory Commission’, Kolkata, a Commission constituted by the State Go...
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Notification No. 11/2022-Income Tax [S.O. 345(E)], Dated: 25.01.2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 11/2022-Income Tax New Delhi, the 25th January, 2022 (INCOME-TAX) S.O. 345(E).—In exercise of powers confer...
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Air India strategic disinvestment completed
The Air India strategic disinvestment transaction has been completed today with Government receiving a consideration of Rs 2,700 crore from the Strategic Partner (M/s Talace Pvt Ltd, a wholly owned su...
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Difficulties under GST faced by small and medium scale taxpayers
Sikar Tax Bar Association, Sikar (Affiliated with RTCA, Jaipur) SIKAR President: Jitendra Sharma, Advocate 133, Ganpati Tower Bajaj Road, Sikar (Raj.) Mob. : 94146 64218 Email. : [email protected] Sec...
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Securities Transaction Tax (1st Amendment), Rules, 2022
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 09/2022-Income Tax | Dated: 18th January, 2022 G.S.R. 25(E).— In exercise of the powers conferred...
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Union Budget 2022-23 on 1st February, 2022 in Paperless form
To mark the final stage of Union Budget making process, sweets provided to core staff due for “lock-in” at their work workplace instead of Halwa ceremony due to ongoing Pandemic and health safety conc...
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CCI imposes penalty on maritime transport companies for cartelization
The Competition Commission of India (‘CCI’) passed a final order against four maritime transport companies namely Nippon Yusen Kabushiki Kaisha (‘NYK Line’), Kawasaki Kisen Kaisha Ltd. (‘K-Line’), Mit...
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EPFO Payroll data: EPFO added 13.95 lakh net subscribers in Nov, 2021
The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh...
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CAIT filed petition against alleged violation of Competition Act by Amazon
Confederation of All India Traders (An Apex Body of Trade Petitions Associations & Nom-Corporate Sector of India) “Vvapar Bhawan’ 925/1, Naiwala, Karol Bagh, New Delhi.110005. Phone: .91-11-45032664 T...
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ICAI Guidance Note on Division II – Ind AS Schedule III to Companies Act 2013
The Government is bringing out several changes in the Companies Act, 2013 from time to time to enhance transparency by way of mandating additional disclosures. Towards the same, the Ministry for Corpo...
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Guidance Note on Division III to Schedule III to Companies Act 2013 for NBFC who is required to comply with Ind AS
Division-III to the Schedule III to the Companies Act, 2013 was first notified by the Ministry of Corporate Affairs (MCA) in October, 2018 for the NonBanking Financial Companies (NBFCs) that are requi...
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Guidance Note on Division I – Non Ind AS Schedule III to Companies Act 2013
The Division I to the Schedule III of the Companies Act, 2013 lays down the format for preparation of the financial statements by the Companies that are required to comply with Companies (Accounting S...
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DGTR issues 56 final findings since April, 2021 in AD/CVD/SG investigations
DGTR (Directorate General of Trade Remedies) of the Department of Commerce issues 56 final findings since April, 2021 in in Anti-Dumping (AD)/Countervailing Duties (CVD)/Safeguard (SG) investigations....
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Introduction of online PAN verification functionality in Finacle CBS System
SB Order No. 02/2022 F.No. 25-09/2012- FS-CBS-Part (1) Govt. of India Ministry of Communications Department of Posts (F.S. Division) Dak Bhawan, New Delhi – 110001 Dated : 25.01.2022 To All Head of Ci...