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Guidance Note on Accrual Basis of Accounting
Institute of Chartered Accountants of India Investors and financial analysts rely on financial data to analyze the performance of a company and make predictions about its future direction of the compa...
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Exposure Draft of Regulatory Assets AND Regulatory Liabilities
The Institute of chartered Accountants of IndiaThe Exposure Draft proposes to supersede existing IFRS 14, Regulatory Deferral Accounts, an interim Standard that permits a variety of accounting approac...
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MCA revises Benches of NCLT at various Union territories
MCA revises / Notifies Benches of NCLT at UT of Jammu & Kashmir, Ladakh, Dadra and Nagar Haveli and Daman and DiuMINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 12th February, 2021S.O. 654(E)....
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Producer Companies Rules, 2021
MCA notifies Producer Companies Rules, 2021 in supersession of the Producer Companies (General Reserve) Rules, 2003. new rules defines the term ‘co-operative society’ for the purpose of this rule. New...
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FASTag declared mandatory w.e.f midnight of 15th/16th February 2021
Ministry of Road Transport & Highways FASTag declared mandatory from midnight tomorrow Posted On: 14 FEB 2021 5:01PM by PIB Delhi Ministry of Road Transport & Highways has decided that all lanes in th...
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SOP on preventive measures to contain spread of COVID-19 in offices
13th February, 2021 Government of India Ministry of Health & Family Welfare SOP on preventive measures to contain spread of COVID-19 in offices 1. Background Offices and other workplaces are relativel...
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India’s Foreign Trade for January 2021
Ministry of Commerce & Industry INDIA’S FOREIGN TRADE FOR JANUARY 2021 Posted On: 15 FEB 2021 5:54PM by PIB Delhi India’s overall exports (Merchandise and Services combined) in April-January2020-21* a...
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Background Material On Business Responsibility And Sustainability Reporting
Sustainability Reporting Standards Board The Institute of Chartered Accountants of India (Set up by an Act of Parliament) Background Material On Business Responsibility And Sustainability Reporting Su...
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16th Instalment of Rs. 5000 crore to States to meet GST compensation shortfall
Ministry of Finance A total amount of Rs.95,000 crore released so far to all States and UTs with legislature This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the...
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4 arrest in 3 different cases of ITC fraud of Rs. 178 crore
Ministry of Finance CGST Delhi officials arrest 4 in 3 different cases of input tax credit fraud of Rs 178 crore Posted On: 15 FEB 2021 7:12PM by PIB Delhi In the ensuing initiative to counter the men...
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Physical assault & mental torture to Vapi based traders by GST officials
Confederation of All India Traders has written a letter to Smt. Nirmala Sithraman, Hon’ble Minister for Finance against alleged physical assault and mental torture of traders of Vapi in Gujarat by con...
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Center for e-Governance, Karnataka to share Information with CBDT
Order u/s 138 of the Income-tax Act, 1961 for sharing of information with Chief Executive Officer, Center for e-Governance, Govt. of Karnataka vide Notification No. 05/2021 dated 11th February , 2021....
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Cases transferred to NeAC but not falling in FAS-2019 ambit
National e-Assessment Centre, Delhi Room No. 401. 2nd floor, E-Ramp, Jawaharlal Nehru Stadium, Delhi-110003. email: delhi.ito.hq.pccit.neac@incometax.gov.in Plume No: 24367003 F. No. Pr. CCIT(NeAC)/20...
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Remuneration Amount under section 9A(3)(m) of Income-tax Act, 1961
Circular No. 1 of 2021 F. No. /370142/2/2021-TPL, Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Tax Policy and Legislation Division) New De1hi, 15th Janu...
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I-T department Mumbai searches Gutkha, Pan masala group
Ministry of Finance Income Tax Department conducts searches in Mumbai Posted On: 15 FEB 2021 The Income Tax Department carried out search and survey operations on a group based in Mumbai on 08.02.2021...
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Control and Regulation of e-Commerce Platform
Ministry of Commerce & Industry Posted On: 12 FEB 2021 12:32 PM by PIB Delhi Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Comm...
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CMA institute to initiate process for Formation of Multidisciplinary Partnership Firms
The Institute Of Cost Accountants Of India (Statutory Body Under An Act Of Parliament) CMA Bhawan 12, Sudder Street, Kolkata –700 016 Ref.No. G:128:02:2021 Dated: 13th February 2021 Subject: Formation...
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New Functionalities on GST Portal (January, 2021)
New Functionalities made available for Taxpayers on GST Portal (January, 2021) 1 – Registration 1. Deemed approval of Registration Application in Form GST REG-01 In terms of Notification No 94/2020-CT...
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1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore
A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS...
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IRDAI Advises All Insurance Firms For Issuance of Digital Insurance Policies Via Digilocker
Ministry of Electronics & IT It will lead to better customer experience with faster claims processing and settlement, reduction in disputes and reduction in fraud Posted On: 12 FEB 2021 IRDAI (Insuran...