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Posted Date : 01-Jun-2018 , 07:31:12 am | Posted By CASANSAAR
As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on 30th May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bi...
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Posted Date : 01-Jun-2018 , 07:26:15 am | Posted By CASANSAAR
The last date for filing of return in FORM GSTR-6 by Input Service Distributors for the months from July, 2017 to June, 2018 is being extended till 31.07.2018. GST@GoI‏Verified account @askGST_GoI 14h14 hours ago More The last date for filing ...
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Posted Date : 31-May-2018 , 07:38:32 am | Posted By CASANSAAR
The government sought applications for the posts of chairperson and three full-time members of the National Financial Reporting Authority (NFRA). In March, the Cabinet approved setting up of the NFRA, which would be an independent regulator for the auditing profession. The same month, the C...
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Posted Date : 31-May-2018 , 07:32:56 am | Posted By CASANSAAR
Markets regulator Sebi allowed debt issuers to review ratings given by agencies, a move that will check the menace of 'rating shopping' and 'pick-and-choose' approach in their actions. In the past, several firms have expressed dissatisfaction against credit rating agenc...
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Posted Date : 31-May-2018 , 07:26:24 am | Posted By CASANSAAR
In a major relief to Reliance Communications, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the debt-laden company, paving the way for sale of RCom’s assets worth ₹25,000 crore to Reliance Jio. This was after the Swedish telecom...
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Posted Date : 30-May-2018 , 10:40:08 pm | Posted By CASANSAAR
Private sector lender ICICI Bank on Wednesday said it has decided to institute an independent enquiry into the allegations levelled by anonymous whistleblower against managing director and chief executive Chanda Kochhar. ICICI Bank in a regulatory filing said the enquiry will be headed by an inde...
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Posted Date : 30-May-2018 , 08:25:10 pm | Posted By CASANSAAR
The company law appellate tribunal today asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it had acquired in the insolvency proceedings earlier this month. The National Company Law Appellate Tribunal (NCLAT), hearing appeals against the acqu...
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Posted Date : 30-May-2018 , 09:50:35 am | Posted By CASANSAAR
Refunds of GST have been a concern for both the Government and Trade for the past several months. Till now, the Government has sanctioned more than Rs 30,000 crore as GST Refund. This includes an amount of Rs 16,000 crore of IGST and Rs 14,000 crore of ITC. The figures of ITC include sanction by bot...
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Posted Date : 30-May-2018 , 03:02:07 pm | Posted By CASANSAAR
Employees’ Provident Fund Organisation (EPFO) has asked its field offices to credit 8(point)55 per cent rate of interest for 2017-18 into the Provident Fund accounts of around 5 crore subscribers. According to an order issued by the EPFO, the Labour Ministry has conveyed approval to c...
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Posted Date : 30-May-2018 , 01:08:24 pm | Posted By CASANSAAR
In a move that will lead to more concentrated efforts in resolving tax litigation involving around Rs 5 trillion, the Central Board of Direct Taxes (CBDT) is planning to increase the threshold for filing appeals by income-tax (IT) authorities. The CBDT is planning to increase the limit for appeals t...
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Posted Date : 30-May-2018 , 10:37:59 am | Posted By CASANSAAR
With an estimated Rs 20,000 crore exporters' refund still stuck, the government will launch the second phase of refund fortnight beginning May 31 to fast-track clearances. "Special Refund Fortnight" to be organised from May 31 to June 14 in which Center and state GST officers ...
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Posted Date : 29-May-2018 , 07:05:38 am | Posted By CASANSAAR
The proposed nationwide bank strike on May 30 and May 31 stands as the conciliatory talks convened by the Chief Labour Commissioner here on Monday failed, the UFBU has said. “Although the Chief Labour Commissioner tried his best to sort out the strike issue, there is no positive development...
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Posted Date : 29-May-2018 , 06:58:01 am | Posted By CASANSAAR
A total of 2.25 lakh companies are under the scanner of the Ministry of Corporate Affairs for not making requisite filings for 2015-16 and 2016-17, and the ministry may crack down upon them to identify “shell companies”, The Times of India reported. Sources told TOI that the registrar...
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Posted Date : 28-May-2018 , 09:24:11 pm | Posted By CASANSAAR
NSDL executive CA Sudha Balakrishnan has been appointed the first ever chief financial officer (CFO) of the Reserve Bank of India (RBI) effective May 15, in what is the biggest organisational change since Urjit Patel took over as RBI governor in September 2016, three people familiar with the informa...
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Posted Date : 28-May-2018 , 09:17:11 pm | Posted By CASANSAAR
Sale of a going concern by a business house will not attract Goods and Services Tax (GST), as per an order by the Authority for Advance Ruling (AAR). The Karnataka bench of the AAR gave its ruling based on an application filed by Rajashri Foods Pvt Ltd which wanted to sell one of its units along wit...
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Posted Date : 28-May-2018 , 08:44:19 pm | Posted By CASANSAAR
The NCLAT will hear tomorrow the plea of Reliance Communications which has challenged NCLT's decision to start insolvency proceedings against it on a petition by Swedish telecom equipment major Ericsson. The plea of Anil Ambani-run RCom was mentioned today before the bench of the Nation...
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Posted Date : 28-May-2018 , 08:37:18 pm | Posted By CASANSAAR
Twenty-one public sector banks (PSBs) have incurred losses totalling Rs 25,775 crore due to banking frauds in the financial year 2017-18, a Right to Information reply has stated. The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud durin...
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Posted Date : 28-May-2018 , 08:33:46 pm | Posted By CASANSAAR
No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing or animal husbandry are exempt from GST; Agriculturists are also exempted from taking GST Registration. It has been reported in certain section of the Press that certain ...
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Posted Date : 27-May-2018 , 01:01:11 pm | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on goods in customs warehouse only at the time of final clearance. The move is aimed at ensuring ease of doing business for importers, experts said. In a circular to principal chief commissioners and...
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Posted Date : 27-May-2018 , 12:51:18 pm | Posted By CASANSAAR
The Income Tax department has released all the e-filing forms for the assessment year 2018-19, and has set the last date for filing income tax returns at July 31. All the forms are available for download on the income tax department's official website. The Central Board of Direct Tax...
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Posted Date : 26-May-2018 , 10:33:03 am | Posted By CASANSAAR
In response to an RTI query, the RBI has informed that in the past 6 years, it has penalised only 12 banks for various violations. Without giving information on how many banks are yet to pay the penalty, the RBI list gives names of ICICI (Rs 589 million), Yes Bank (Rs 70 million), Airtel Payments Ba...
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Posted Date : 26-May-2018 , 10:15:08 am | Posted By CASANSAAR
Chartered accountants' apex body ICAI has issued a framework for consistent, uniform and transparent valuation practices for its members. The Institute of Chartered Accountants of India (ICAI), in a release, said that it has issued valuation standards as a benchmark for valuation practices appli...
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Posted Date : 25-May-2018 , 09:14:09 pm | Posted By CASANSAAR
Senior bureaucrat Sushil Chandra was given one-year extension as the chairman of the Central Board of Direct Taxes (CBDT) till May next year. This is his second extension after taking over as the chief of the CBDT, the apex policy making body of the Income Tax department, on November 1, 201...
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Posted Date : 25-May-2018 , 11:21:17 am | Posted By CASANSAAR
Last June, when the RBI ordered banks to initiate insolvency action against a dozen companies, resolution was expected by the end of the last financial year. But a series of legal cases by powerful promoters who are set to lose control over their companies, and a battle among rivals to acquire contr...
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Posted Date : 25-May-2018 , 12:28:00 am | Posted By CASANSAAR
The Nirav Modi case is becoming a sticky wicket for many investigators. Now, top income tax officials including Sushil Chandra, Chairman of the Central Board of Direct Taxes (CBDT), have come under the CBI lens for the alleged misreporting and sharing of investigation details with extortionists. ...
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Posted Date : 24-May-2018 , 07:56:53 pm | Posted By CASANSAAR
As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 1st April, 2018. As on 23rd May, 2018, e-Way Bill system for intra-State movement of goods has been rolled out in the States of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujara...
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Posted Date : 24-May-2018 , 03:30:03 am | Posted By CASANSAAR
Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry. It is the first case of arrest in Delhi, under the new tax regi...
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Posted Date : 24-May-2018 , 11:08:53 am | Posted By CASANSAAR
Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to Copper industry. It is the first case of arrest in Delhi, under the new tax regi...
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Posted Date : 24-May-2018 , 08:54:46 am | Posted By CASANSAAR
The finance ministry has joined hands with over two dozen e-commerce firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY), a top government official said. The three way partnership between l...
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Posted Date : 24-May-2018 , 08:52:26 am | Posted By CASANSAAR
Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2018 Online Application Form Hard Copy Application Form...
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- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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