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Posted Date : 02-Mar-2020 , 08:29:57 am | Posted By CASANSAAR
The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions. The lottery scheme is being envisaged by the revenue department to encourage customers to take ...
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Posted Date : 02-Mar-2020 , 08:23:17 am | Posted By CASANSAAR
The gross GST revenue collected in the month of February, 2020is Rs. 1,05,366crore of which CGST is Rs. 20,569crore, SGST is Rs. 27,348crore, IGST is Rs. 48,503crore (including Rs. 20,745crore collected on imports) and Cess is Rs. 8,947 crore (includ...
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Posted Date : 02-Mar-2020 , 08:19:29 am | Posted By CASANSAAR
Reducing government employees' retirement age from 60 to 58, free education for all students up to Class 12 and a debt waiver for landless farmers were some of the major announcements made by Punjab Finance Minister Manpreet Singh Badal in the 2020-21 budget on Friday. Badal on Friday present...
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Posted Date : 29-Feb-2020 , 08:55:40 am | Posted By CASANSAAR
Marco Mendicino laid out his vision for Canada’s immigration system in Toronto. It was his first major policy speech since his November 2019 appointment as Minister of Immigration, Refugees and Citizenship. Mendicino was appointed after the Liberal Party of Canada was re-elected to a second...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 1448
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Posted Date : 29-Feb-2020 , 08:46:29 am | Posted By CASANSAAR
Procedure for Integration of E-Way Bill with VAAHAN explained by CA. Bhavesh Mittal. Watch this Video,,, https://youtu.be/mGGxD3C4m_0...
Continue Reading... Category : GST | Comments : 0 | Hits : 4321
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Posted Date : 29-Feb-2020 , 08:31:37 am | Posted By CASANSAAR
In response to requests received from various quarters and stakeholders, the Ministry has decided to extend the last date for submission of public comments on the “consultation paper on enhancement of Audit Independence and Accountability” upto 15th March, 2020. It is requ...
Continue Reading... Category : MCA | Comments : 0 | Hits : 300
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Posted Date : 28-Feb-2020 , 08:52:30 am | Posted By CASANSAAR
Markets regulator Sebi on Thursday amended the guidelines for intermediaries operating at the International Financial Services Centre (IFSC), wherein such entities will be permitted to carry out operations without forming a separate company. The facility – subject to various conditions, inc...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 209
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Posted Date : 28-Feb-2020 , 08:48:01 am | Posted By CASANSAAR
The Saskatchewan Immigrant Nominee Program (SINP) sent out a total of 576 invitations to apply (ITA) to candidates in the Express Entry and Occupations In-Demand categories on February 27, 2020. In order to be selected, candidates needed to have submitted an Expression of Interest (EOI) profile w...
Continue Reading... Category : International Business | Comments : 0 | Hits : 275
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Posted Date : 27-Feb-2020 , 02:07:09 pm | Posted By CASANSAAR
The National Company Law Appellate Tribunal (NCLAT) has set aside the order of the NCLT to initiate insolvency proceedings against e-commerce major Flipkart. A three-member bench of the NCLAT released Flipkart from the corporate insolvency resolution process and directed the Interim Resolution Profe...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 278
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Posted Date : 27-Feb-2020 , 10:36:33 am | Posted By CASANSAAR
The Reserve Bank has directed banks to link all the new floating rate loan to medium enterprises with external benchmark.In a circular, RBI said that the direction will be effective from 1st April 2020. With respect to micro and small enterprises, floating rate loans are already linked with external...
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Posted Date : 27-Feb-2020 , 09:54:37 am | Posted By CASANSAAR
How many Audits a Chartered Accountant in Practice can do? - Statutory Audit under Companies Act. - Tax Audit under Income Tax Act. Ceiling on No.of Audits can be done by Chartered Accountant in Practice discussed by CA. Vivek Khurana. Watch this Video,,,, https://youtu.be/R8SCay2DuXQ...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 2174
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Posted Date : 27-Feb-2020 , 09:44:27 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Wednesday issued further clarifications on the recently announced relaxation on cash reserve ratio (CRR) calculations for incremental credit extended for automobiles, residential housing and micro, small and medium enterprises (MSMEs). The central bank explained...
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Posted Date : 27-Feb-2020 , 09:42:15 am | Posted By CASANSAAR
Very soon, investors will be able to invest in mutual funds directly through the stock exchanges on their own and without the assistance of their distributors or Registered Investment Advisors (RIAs). The Securities and Exchange Board of India (SEBI) has asked stock exchanges to allow investors t...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 203
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Posted Date : 27-Feb-2020 , 09:39:34 am | Posted By CASANSAAR
In a bid to bring greater financial discipline in audits, the government has asked auditors to provide details like loans given by a company for reporting whistleblower complaints and assessing internal audit mechanisms of firms. In a press statement issued on Wednesday, the corporate affairs min...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 327
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Posted Date : 27-Feb-2020 , 09:34:39 am | Posted By CASANSAAR
The indirect tax department has issued notices to thousands of companies that had claimed input tax credit under the goods and services tax framework after missing the deadline to do so, and asked them to reverse the transaction. These companies had claimed the input tax credit for fiscal 2018 an...
Continue Reading... Category : GST | Comments : 0 | Hits : 572
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Posted Date : 26-Feb-2020 , 07:25:41 am | Posted By CASANSAAR
Markets regulator Sebi on Tuesday banned transfer of clients' securities to demat accounts of trading and clearing members. Against the backdrop of Karvy Stock Broking Ltd (KSBL) incident, the watchdog has now put in place stringent norms to prevent misuse of clients' securities that are ...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 546
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Posted Date : 25-Feb-2020 , 10:11:36 am | Posted By CASANSAAR
Amendment in Insolvency and Bankruptcy Code And Its effect on Home Buyers explained by CA.Charu Gupta. Watch This Video,,,, https://youtu.be/tWSZiS2iVUI...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 497
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Posted Date : 25-Feb-2020 , 09:26:28 am | Posted By CASANSAAR
Markets regulator Sebi on Monday reviewed the margin framework for cash and derivatives segments, in order to bring more efficiency in the risk management system. The move has been taken to keep pace with the changing market dynamics and to bring more efficiency in the risk management framework. ...
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Posted Date : 25-Feb-2020 , 08:40:21 am | Posted By CASANSAAR
The Comptroller and Auditor General (CAG) on Monday held a meeting with representatives of several Ministries seeking suggestions on areas that could be selected for audit. With a view to involve the executive side in the audit planning process by seeking their suggestions, the CAG interacted wit...
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Posted Date : 24-Feb-2020 , 10:04:14 am | Posted By CASANSAAR
National Highways Authority of India (NHAI) on Sunday said it has collected Rs 20 crore from 18 lakh defaulters who entered the FASTag lanes at electronic toll plazas on National Highways without the tag. Rolling out the electronic toll collection programme across India in December, the Ministry of ...
Continue Reading... Category : General | Comments : 0 | Hits : 553
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Posted Date : 24-Feb-2020 , 09:59:13 am | Posted By CASANSAAR
A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last year decided to impose a single rate of 28 per cent on state-run and authorised lotteries. The revenue department notified the GST rate on supply ...
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Posted Date : 22-Feb-2020 , 10:09:47 am | Posted By CASANSAAR
New Return filing System under GST| Clause by Clause Discussion| GST ANX-1| GST ANX-2| GST RET-1| GST RET-2| GST RET-3. Comparision between GST Old and New System. GSTR-1 vs ANX-1 GSTR-2 vs ANX-2 GSTR-3 vs RET1/2/3 Clause by Clause Discussion by CA.Mohit Gupta https://youtu.be/pm04DcD16bQ ...
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Posted Date : 22-Feb-2020 , 09:45:59 am | Posted By CASANSAAR
A group of companies has dragged the government and the indirect tax department to court over denying input tax credit on gifts and samples given to customers and clients. Under the Goods and Services Tax (GST) framework, companies can set off costs incurred on raw materials or input services aga...
Continue Reading... Category : GST | Comments : 0 | Hits : 663
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Posted Date : 22-Feb-2020 , 09:36:29 am | Posted By CASANSAAR
To get a new PAN card you need not fill up a 2-page application form and wait for a few days anymore as the income tax department has launched a new facility for taxpayers allowing anyone with an Aadhaar card to get an instant PAN card online and that too for free. The instant e-PAN card ap...
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Posted Date : 21-Feb-2020 , 10:35:14 am | Posted By CASANSAAR
Procedure of Prosecution under Various Laws such as PMLA, PBPT, Black Money Act, Income Tax Act etc explained by Advocate Amit Khemka. Watch this Video,,,, https://youtu.be/O8ZuUfWgLMk...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 397
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Posted Date : 21-Feb-2020 , 10:24:11 am | Posted By CASANSAAR
Home Secretary Priti Patel announced the launch of the UK's new points-based visa system, aimed at attracting the "brightest and the best" from the world, including from India, and cutting down numbers of cheap, low-skilled workers coming to the country. The new system will come int...
Continue Reading... Category : International Business | Comments : 0 | Hits : 509
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Posted Date : 20-Feb-2020 , 09:29:15 pm | Posted By CASANSAAR
Faced with a revenue crisis of sorts, the government seems to have become penny-wise, especially when it comes to GST collection. The government is sending notices to taxpayers for dues as low as a few paise.However, that puts taxpayers in a jam. The government recently clarified that those filin...
Continue Reading... Category : GST | Comments : 0 | Hits : 687
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Posted Date : 20-Feb-2020 , 12:22:05 pm | Posted By CASANSAAR
Ethical Standard Board of ICAI organised Two days Faculty development program in Oct 2019 and selected 10 eminent speakers as faculties for Code of Ethics. List of empaneled faculties under Ethical Standard Board from Northeren Region are attached here with. Faculties of E...
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Posted Date : 20-Feb-2020 , 10:31:23 am | Posted By CASANSAAR
Interest Calculation under GST - Gross Vs Net explained by CA. Bhavesh Mittal with Latest Case Laws. Confusion after CBIC Tweets Watch this Video,,, https://youtu.be/AXvA1g_sF7s Dont forget to Subscribeubscribe CA Sansaar YouTube Channel...
Continue Reading... Category : GST | Comments : 0 | Hits : 774
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Posted Date : 20-Feb-2020 , 08:59:26 am | Posted By CASANSAAR
Invitations to apply for Canadian Permanent Residence have been issued to 4,500 Express Entry candidates in the largest draw ever held by the Government of Canada on February 19. The minimum Comprehensive Ranking System (CRS) score in this latest invitation round was 470, a decrease of 2 points o...
Continue Reading... Category : International Business | Comments : 0 | Hits : 610
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- 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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