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Waiver of Condonation Fees by ICAI for All Members, Firms & Students
Further extension in the last date for Waiving-off Condonation fees due to late filing of various application Forms related to Students, Articled Assistants, Members & Firms amidst COVID-19 Pandemic –...
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Exposure Draft of Interest Rate Benchmark Reform – Phase 2
(Amendments to Ind AS 109, Ind AS 107 and Ind AS 116)Accounting Standards BoardThe Institute of Chartered Accountants of India29th October, 2020Globally, many jurisdictions have been taking steps for...
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ICSI announces date for CSEET Jan 2021 Examination
Institute of Company Secretaries of IndiaANNOUNCEMENT COMMENCEMENT OF REGISTRATIONFOR COMPANY SECRETARY EXECUTIVE ENTRANCE TEST (CSEET)JANUARY, 2021 SESSION January, 2021 Session of Company Secretary...
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GST e-Invoice completes one month on 31st October
Ministry of Electronics & ITe-Invoice – A path breaking initiative completes one month on 31st OctoberMore than 495 Lakh e-invoices have been generated on the NIC portal by 27,400 tax payers within th...
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GST compensation: Govt facilitated loans of Rs 12,000 crore to States/UTs
Ministry of FinanceCentral Government releases Rs 6,000 crore as second tranche to 16 states and 3 UnionTerritories on account of GST compensation under Special Borrowing WindowMinistry of Finance has...
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Rs 1,05,155 crore of gross GST revenue collected in October 2020
Ministry of FinancePosted On: 01 NOV 2020The gross GST revenue collected in the month of October, 2020 is ₹ 1,05,155 crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 cro...
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List of All GST Forms
Under the new taxation regime Taxpayers have to file various monthly and Quarterly Returns and Forms under the Central Goods and Service Tax Act, 2017 to comply with the provisions of the Act. Let us...
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CG borrows & transfers Rs. 6,000 crore to 16 States as GST compensation
Ministry of FinanceCentral Government borrows and transfers Rs.6,000 crore as first tranche to 16 States on account of GST compensation under Special Borrowing WindowPosted On: 23 OCT 2020The Governme...
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Rajasthan VAT: Extend due dates of statutory Forms & Declarations
TAX BAR ASSOCIATIONDate: 25th October 2020To,The Hon’bleAdditional Chief Secretary,Finance Department,Government of RajasthanJaipurSub: Request for Extension of current due dates from 30th Sept 2020 t...
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Composition Taxpayers can now file NIL statement through SMS
GSTN deploys the functionality – About 20% of 17.11 lakh Composition taxpayers who file NIL statement to benefit the facility– Facility of filing NIL GSTR-3B and NIL GSTR-1 through SMS has already bee...
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Detection of evasion of customs duty by exporter on export of Iron Ore Fines
PRESS NOTESubject: Detection of evasion of customs duty by exporter on export of IronOre Fines; recovery of customs duty more than Rs. 8 Crore.On the basis of specific intelligence, under the directio...
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MCA extends terms of Judicial Members & officiating Chairperson of NCLAT
MINISTRY OF CORPORATE AFFAIRSNOTIFICATIONNew Delhi, the 28th October, 2020S.O. 3855(E).—In continuation of this Ministry’s notifications S.O. 3863(E) and S.O. 3864(E) dated 11th December, 2017 and in...
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Payment Date Extended for Vivad se Vishwas Scheme
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 27th October, 2020PRESS RELEASEPayment Date Extended for Vivad se Vishwas Scheme:Finance Secretary ur...
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Extension of date of Filing of Accounts to Charity Commissioner in Maharashtra
Extension of Due Date of online Filing of Audited Accounts to Charity Commissioner in State of Maharashtra for the financial year 2019-20 till 30th November 2020. 30.10.2019Due date for online Filing...
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CBDT notifies ‘MIC Redwood 1 RSC Limited’ U/s. 10(23FE)(b)(vi)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 89/2020-Income TaxNew Delhi, the 2nd November, 2020S.O. 3952(E).—In exercise of powers conferred by sub-clause...
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CBDT notifies extended Due dates of Return & Tax Audit Report for A.Y.2020-21
CBDT issued Notification No.88/2020 and extended Due dates of Income Tax Return and Tax Audit Report as follows:-A. Income Tax Return FY 2019-20/AY 2020-21i. Without tax audit –31.12.20 ii. TP, tax au...
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CBDT notifies Equalisation levy (Amendment) Rules, 2020 & Forms
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 87/2020New Delhi, the 28th October, 2020EQUALISATION LEVYS.O. 3865(E).—In exercise of the powers conferred by...
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CBDT designates Court U/s. 280A of Income-tax Act, 1961
MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V)Notification No. 86/2020-Income TaxNew Delhi, the 28th October, 2020S.O. 3854(E).—In exercise of the...
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Govt. extends cut-off/payment date date under Vivad se Vishwas
Govt. notifies December 31st as the cut-off date for filing declaration under the Vivad se Vishwas Act, 2020; Also, extends timeline from December 31st, 2020 to March 31st, 2021 for making payment wit...
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Widen scope of Vivad Se Vishwas Scheme: DTPA
Direct Taxes Professionals’ Association, Kolkata has made a Representation to Mrs. Nirmala Sitharaman, Hon’ble Finance Minister, Ministry of Finance, Government of India, on Widening the scope of Viva...