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Analysis of The Taxation Laws (Amendment) Bill, 2021 by ICAI CMA
The government introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to withdraw tax demands made under the Finance Act, 2012 retrospective legislation to tax the indirect transfer of India...
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Measures taken to curb food inflation
Ministry of Finance Measures taken to curb food inflation and alleviate problems of common man due to COVID-19 Posted On: 10 AUG 2021 The Government is taking effective measures to curb inflation espe...
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CCI approves acquisition of Bikaji Foods International Limited
Ministry of Finance CCI approves acquisition of Bikaji Foods International Limited by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust Posted On: 10 AUG 2021 The C...
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ICAI schedules December 2021 CA Examination from 05.12.2021
Important Announcement – Schedule of ICAI Chartered Accountancy Examinations – December 2021- Chartered Accountants Foundation, Intermediate (IPC) (Old Scheme), Intermediate (New Scheme), Final (Old S...
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GST Council Secretariat Newsletter – July 2021
GST Revenue for July 2021 > ₹ 1,16,393 crores gross GST revenue collected in July The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crores of which CGST is Rs. 22,197 crores, S...
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CBDT notifies new Rules 21AI, 21AJ & New Form No. 10IG & 10IH
The CBDT has notified vide Notification No. 90/2021 – Income Tax Dated : 9th August, 2021, a new set of rules to amend the existing Income-tax Rules, 1962 which shall come into force as on the date of...
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Shops and Establishments Registration in Delhi is Mandatory
OFFICE OF THE LABOUR COMMISSIONER LABOUR DEPARTMENT, GNCT OF DELHI 5 – SHAM NATH MARG DELHI- 110054 Public Notice All Shops and Establishments are required to be registered under Delhi Shops and Estab...
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Institute of Cost Accountants of India signs MoU with ACCA, UK
Memorandum of Understanding (MoU) between the Institute of Cost Accountants of India and the Association of Chartered Certified Accountants, United Kingdom (ACCA, UK) The Union Cabinet, chaired by Hon...
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Exposure Draft: Subsidiaries without Public Accountability: Disclosures
Accounting Standards Board The Institute of Chartered Accountants of India 9th August, 2021 Subsidiaries without Public Accountability: Disclosures Indian Accounting Standards (Ind AS) are based on th...
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Rs 99,756 crore disputed tax amount settled under Vivad Se Vishwas scheme
The scheme ‘Vivad Se Vishwas’ is a voluntary scheme for resolving pending direct tax disputes amicably with the taxpayers and no targets were fixed by the Government under the Scheme. This was stated...
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No Ban on Import of Toys
Government Provids All Round Support to Domestic Toy Industry by Promoting Made in India Government is not considering ban on import of toys. Government has taken several steps for promoting indigenou...
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Avoidance of GST by E-commerce Companies
CAIT India has sent an important communication to all Chief Ministers of Indian States drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to both stat...
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e-mail ids for registering grievances under Faceless Scheme
In a move aimed to further improve taxpayer services in alignment with the Taxpayers’ Charter, the Income Tax Department creates dedicated e-mail ids for registering grievances in respect of pending c...
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Know all about e-RUPI, the new digital payment instrument
Ministry of Finance Posted On: 06 AUG 2021 (Prime Minister Shri Narendra Modi on August 2nd launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. Prime M...
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ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021
The Institute of Company Secretaries of India ICSI Convocation of Western Region at Ahmedabad on 28th August, 2021 The Institute is organizing Convocation of the Western Region for awarding the certif...
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MCA exempts foreign & companies incorporated outside India from provisions of sections 387 to 392
Exemption from Chapter XXII: Companies Incorporated Outside India Central Government hereby exempts (a) foreign companies; (b) companies incorporated or to be incorporated outside India, whether the c...
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Companies (Registration of Foreign Companies) Amendment Rules, 2021
MCA notifies Companies (Registration of Foreign Companies) Amendment Rules, 2021 vide Notification No. G.S.R. 538(E) dated 5th August, 2021. In Rule 2(1)(c) of the Companies (Registration of Foreign C...
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Companies (Specification of definitions details) Third Amendment Rules, 2021
MCA notifies Companies (Specification of definitions details) Third Amendment Rules, 2021 vide Notification No. G.S.R. 539(E) dated 5th August, 2021. In Rule 2(1)(h) of the Companies (Specification of...
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Summary of Latest Changes in GSTR 9 & GSTR 9C by ICMAI
A short time ago, the Central Board of Indirect Taxes and Customs issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 that amended Central Goods and Services Tax Rules, 2017. Vario...
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Members of Profession are soft target of GST Department
Faridabad Branch of NIRC of ICAI has made a representation to The Commissioner CGST, Faridabad and brought to his attention that Members of Profession are the soft target of the GST Department, Reveng...