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Govt monitoring transmission of repo rate cut by Banking Sector
Ministry of FinanceGovernment closely monitoring transmission of repo rate cut by the Banking Sector and recognise efforts of wealth creators in scripting India’s growth story : Finance Minister in a...
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ICSI Request for granting relaxation in filing e-form MGT-14
THE INSTITUTION OFCompany Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament(Under the jurisdiction of Ministry of Corporate Affairs)MCA: June: 2020Jun...
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MCQs on Engagement and Quality Control Standards
Multiple Choice Questions (Mcqs) On Engagement And Quality Control Standards Multiple Choice Questions (Mcqs) On Engagement And Quality Control Standards (As On July 1, 2020)ForewordEngagement and Qua...
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ICAI President’s Message – July 2020
Dear Professional Colleagues,At the outset, I extend heartiest greetings to all of you on this momentous occasion of 72nd CA Day. It has been a wonderful journey of 71 long years in the service to Nat...
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ICAI signs MoU with Service Export Promotion Council (SPEC)
ICAI Press ReleaseThe Government of India had declared Accounting and Finance services sector as one of the 12 Champion sectors.The Institute of Chartered Accountants of India (ICAI) has been working...
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ICAI Extends time period for registration in Foundation Course
Board of StudiesThe Institute of Chartered Accountants of India1st July, 2020ANNOUNCEMENTExtension of time period for registration in Foundation Course from 30th June, 2020 to 31st August, 2020 for ap...
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ICAI issues revised Code of Ethics applicable from 1st July 2020
ICAI issued revised 12th edition of Code of Ethics which has come into effect from 1st July, 2020. Code of Ethics are in 3 Volumes. Due to the prevailing situation due to Covid-19, few provisions of V...
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Use of acronym ICAI by Institute of Cost Accountants of India
Institute of Cost Accountants of IndiaG:142:06:2020June 25, 2020ToShri Rajesh Verma, IASSecretary to the Government of IndiaMinistry of Corporate AffairsShastri BhawanNew DelhiSub : Use of acronym ICA...
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Advisory on Disclosures in Audit Report amid COVID19
The Institute of Cost Accountants of India(Statutory body under an Act of Parliament)Technical Cell (Cost Audit & Statutory Compliances)Date : 26th June 2020Advisory on Disclosures in the Audit Report...
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Upsurge in E-way bills signals to green shoots in economy
More than 4.27 crore E-Way Bills generated in June 2020 against average of 5.3 cr per month of pre-COVID period.Value of E-way bills generated in June is close to pre-lockdown figures.Unlock 2.0 set t...
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Updated Central Goods and Services Tax Rules, 2017
This article have updated Central Goods and Services Tax Rules, 2017 / CGST Rules, 2017, which were initially released on 19th June 2017 and amended by various notifications issued from time to time....
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Message of Hon’ble MOS (Finance) on GST Day
MINISTER OF STATE FOR FINANCEAND CORPORATE AFFAIRSGOVERNMENT OF INDIANEW DELHI-110001Message of Hon’ble MOS(Finance) on GST DayI am happy to note that we have completed 3 years today since the launch...
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SMS filing of NIL statement of FORM GSTR-1
The facility of SMS filing of NIL statement of FORM GSTR-1 is going to start from 1st week of July 2020A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode...
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Late Fee Waiver From GST Late Payments
The Central Board of Indirect Taxes and Customs (CBIC) announced a conditional waiver of the late fee had been provided for taxpayers as a relief to businesses amid the pandemic on June 27, 2020.Earli...
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Relaxation of Late Form GSTR 3B Filing fees
The Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 57/2020-Central Tax dated June 30, 2020 has capped the Late Fee for Form GSTR 3B at maximum Rs. 500 (i.e. Rs. 250 for CGST an...
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Rs. 90,917 crore gross GST revenue collected in June 2020
Ministry of FinanceGST Revenue collection for June, 2020Posted On: 01 JUL 2020 12:51PM by PIB DelhiThe gross GST revenue collected in the month of June, 2020 is Rs. 90,917 crore of which CGST is Rs. 1...
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DGGI booked a case against unregistered Pan Masala/Gutkha manufacturing unit
Ministry of FinancePosted On: 01 JUL 2020 2:17PM by PIB DelhiActing on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled an un...
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GSTN launches SMS facility for Nil Filing of GSTR-1
Press ReleaseGSTN launches SMS facility for Nil Filing of GSTR-1, Appeals taxpayers to send SMS in the prescribed format– 12 lakh Taxpayers would be benefitted– Facility of filing GSTR-3B through SMS...
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Credit of CVD & SAD paid post 01.07.2017 under Advance Authorisation Scheme-Importers left remediless
The GST Policy Wing has vide its Letter dated 22.06.2020 issued its comments on Writ Petitions relating to Transitional Provisions.On the specific issue of credit of CVD and SAD paid on non-fulfilment...
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RVAT: Extend due dates for C-form submission & ITC mismatch
THE RAJASTHAN TAX CONSULTANTS’ ASSOCIATIONDate: June 20,2020To,The Hon’ble Chief Minister,Government of Rajasthan,JaipurSub: Request for extension of due dates for submission of C-forms and ITC mismat...