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Rajasthan VAT: Date extension – First phase of Amnesty Scheme 2021
Bhiwadi Manufactures Association has written a letter to Shri Ashok Gehlot, Chief Minister of Rajasthan and requested that considering the Quantum of work time limit for First phase of Amnesty Scheme...
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Govt received complains against marketplace e-commerce entities
Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominanc...
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Implementation of E Commerce rules under Consumer Protection Act
Confederation of All India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh,New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 Email: teamcait@gmail.com Website: www.cait.in Ref No.:...
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Ayush Ministry strongly denies baseless claim by NICE on COVID-19 treatment protocol
Some misleading claims have been made by a naturopathy related network NICE (Network of Influenza Care Experts)and have been published by some media platforms without journalistic verification. The ma...
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Startups and Small Companies Shutdown during Covid
The COVID-19 epidemic has temporarily affected various sectors including Micro, Small and Medium Enterprises in the country. Economic activity contracted due to the strict lockdown measures imposed by...
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Exposure draft of Disclosures of Accounting Policies – Amendments to Ind AS 1
Accounting Standards Board The Institute of Chartered Accountants of India 30th July, 2021 Exposure Draft of Disclosures of Accounting Policies – Amendments to Ind AS 1, Presentation of Financial Stat...
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Income Tax searches at construction & real estate group in Jharkhand
Income Tax Department carried out a search operation on 28.07.2021 on a prominent group in Jharkhand dealing in building construction and real estate. The search began on 28.07.2021 in Ranchi and Kolk...
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Implementation of E Commerce rules under Consumer Protection Act
Confederation of All India Traders “Vyapur Bhawan” 925/1, Naiwala, karol Bagh,New Delhi-110005. Phone: +91-11-45099884, Telefax:+91-11-45032665 Email: teamcait@gmail.com Website: www.cait.in Ref No.:...
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52,391 entities recognized as startups
Ministry of Commerce & Industry More than 5.7 lakh jobs have been reported by such start ups. As per Industry estimates, there are 53 unicorns currently in India, with a tentative valuation of Rs. 1.4...
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FAKE News: Finance Ministry will give 1.3 lakhs every month!
PIB Fact Check has cautioned public that below WhatsApp forward claiming that Ministry of Finance is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months is FAKE!...
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Consultation Paper on Proposed IFSCA (Capital Market Intermediaries) Regulations, 2021
Ministry of Finance Invitation for public comments on proposed International Financial Services Centres Authority (Capital Market Intermediaries) Regulations, 2021 Posted On: 28 JUL 2021 8:03PM by PIB...
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ICAI supports Cabinet decisions to approve 30 amendments to LLP Act 2008
ICAI endorses & supports Cabinet Decisions to approve the 30 amendments to LLP Act 2008 through the LLP (Amendment) Bill 2021 which will provide more traction & pace to ease of doing business policy....
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Centre borrows again to pay GST Compensation to States: Critical Analysis
1.0 Brief Background The GST compensation cess is levied under Section 8 of the GST (Compensation to States) Act, 2017 to compensate the States for any loss of revenue arising on account of implementa...
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SOP for handling writ petition in case of faceless assessments
N.A.F.A.C-1/58/2021-22/333 Date: 26-7-2021 National Faceless Assessment Centre, Delhi 2nd Floor, Jawaharlal Nehru Stadium, Delhi-110003 To, All Principal Chief Commissioners of Income-tax Sub:- Standa...
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CBDT amended Rule 12 of Income Tax Rules related to ITR Filing
CBDT has last amended Rule 12 of Income Tax Rules related to ITR Filing vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and now it has once again amended rule 12 vide Notification No....
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Guidelines for Technical Standards for Performance of Core Services & Other Services (Amendment), 2021
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA New Delhi, the 26th July, 2021 AMENDMENT TO THE GUIDELINES FOR TECHNICAL STANDARDS FOR THE PERFORMANCE OF CORE SERVICES AND OTHER SERVICES UNDER THE INSOLVENCY...
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April-June 2021 Taxalogue e-Jounral by CBDT
1. This is the 8th issue of e-journal ‘Taxalogue’, my last as Editor-in-Chief, as I am superannuating on 31st August, 2021. The first issue was released on Aayakar Diwas on 24th July, 2019 at Dr. Ambe...
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72% of financial transactions of PSBs via digital channels
Ministry of Finance Measures taken to facilitate digital banking Nearly 72% of financial transactions of PSBs done through digital channels Active customers doubled on digital channels from 3.4 crore...
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List of valid Nominations for CS EIRC Election
The Institute of Company Secretaries of India ICSI/ Election-2021 27th July, 2021 Sub: Election to the Council from Eastern India Regional Constituency-2021 -List of valid Nominations The Nominations...
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ICAI: Applicable date of certain deferred provisions of Revised Code of Ethics, 2019
Ethical Standards Board The Institute of Chartered Accountants of India 26th July, 2021 ANNOUNCEMENT Sub. : Applicable date of certain deferred provisions of Volume-I of Revised Code of Ethics, 2019....