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Posted Date : 26-Dec-2019 , 08:47:53 am | Posted By CASANSAAR
A special Central Bureau of Investigation (CBI) court recently convicted a chartered accountant, his assistant and four others in a TDS (tax deducted at source) fraud committed 20 years ago. The court, however, acquitted an officer of the tax department. According to CBI, key accused XXXXXXXXXXX ...
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Posted Date : 25-Dec-2019 , 10:21:14 pm | Posted By CASANSAAR
The Finance Ministry on Wednesday notified setting up of a GST grievance redress committee at zonal/state level after it was approved in the last GST Council meeting this month. The Council in its 38th meeting held on December 18 decided that a structured mechanism be set up for the taxpayers und...
Continue Reading... Category : GST | Comments : 0 | Hits : 753
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Posted Date : 25-Dec-2019 , 08:46:44 am | Posted By CASANSAAR
The Government of Saskatchewan invited 595 Express Entry and Occupations In-Demand candidates to apply for a provincial nomination for Canadian permanent residence (PR). The Saskatchewan Immigrant Nominee Program (SINP) held the draws on December 20. While no job offer was required to qualify, ca...
Continue Reading... Category : International Business | Comments : 0 | Hits : 454
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Posted Date : 25-Dec-2019 , 08:42:38 am | Posted By CASANSAAR
The Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services. In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid ...
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Posted Date : 25-Dec-2019 , 08:40:49 am | Posted By CASANSAAR
Sebi on Tuesday issued a format for statement of deviation in funds raised to be submitted by the listed entities to stock exchanges on a quarterly basis. The format comes after Sebi noted that there is no uniformity in the formats of statement of deviation or variation in proceeds of public issu...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 390
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Posted Date : 25-Dec-2019 , 08:38:15 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has extended supervision to auditors, banks and rating companies to prevent defaults and ensure broader financial stability. “Apart from strengthening the existing four pillars of supervision — on-site examination, off-site surveillance, market intellig...
Continue Reading... Category : Auditing | Comments : 0 | Hits : 748
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Posted Date : 25-Dec-2019 , 08:35:23 am | Posted By CASANSAAR
Audit regulator NFRA has decided to hire consultants to assist the regulator in identifying the audit reports that need to be taken up for review. Consultants — mainly chartered accountants -- are mainly proposed to be hired for a period of one year (on contract basis) to assist National Fi...
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Posted Date : 25-Dec-2019 , 08:24:01 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved a proposal to promulgate an Ordinance and to amend the Insolvency and Bankruptcy Code, 2016. The Amendment will remove certain ambiguities in the Insolvency and Bankruptcy Code, 2016 and ensure smooth implementation of th...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 183
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Posted Date : 24-Dec-2019 , 03:12:58 pm | Posted By CASANSAAR
Lok Sabha Speaker Om Birla has referred the Insolvency and Bankruptcy Code (Second Amendment) Bill, which seeks to streamline the corporate insolvency resolution process, to the standing committee on Finance of which former prime minister Manmohan Singh is a member.The committee, chaired by BJP MP a...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 206
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Posted Date : 24-Dec-2019 , 10:49:43 am | Posted By CASANSAAR
Updated GSTR 9C Utility for F.Y. 2017-18 available on GSTN portal. Last date for GSTR -9 and GSTR-9C is 31st Jan 2020....
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 723
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Posted Date : 24-Dec-2019 , 08:18:39 am | Posted By CASANSAAR
GST on Notice Pay Recovery. Notice period serve नहीं किया तो देना होगा GST??? Myth busted by CA Vishal Jain. Watch this video to know more. https://youtu.be/TNr0CMGtACY...
Continue Reading... Category : GST | Comments : 0 | Hits : 685
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Posted Date : 24-Dec-2019 , 08:14:52 am | Posted By CASANSAAR
The Delhi High Court has said that the rights of Goods & Services Tax (GST) assessees ‘cannot be subjugated’ to the poor and inefficient software systems adopted by the authorities. The ruling is likely to benefit assessees who suffer due to technical glitches. “The software...
Continue Reading... Category : GST | Comments : 0 | Hits : 999
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Posted Date : 24-Dec-2019 , 08:11:02 am | Posted By CASANSAAR
The RBI on Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment transactions. However, IBUs are not allowed to open savings accounts. Issuing instructions regarding permis...
Continue Reading... Category : Banking | Comments : 0 | Hits : 250
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Posted Date : 24-Dec-2019 , 08:07:57 am | Posted By CASANSAAR
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi, who is also the convenor of Group of Ministers (GoM) on integrated GST, said on Monday. "The new taxpayers, who are 66...
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Posted Date : 24-Dec-2019 , 08:05:21 am | Posted By CASANSAAR
Hundreds of taxpayers are believed to have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly. This has led to bloated tax liability on capital gains and denial of credit for tax deducted at source (TDS), among other discrepancies. ...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 534
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Posted Date : 23-Dec-2019 , 04:11:14 pm | Posted By CASANSAAR
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without the mandatory payment of past dues. This will remove a hurdle in the bankruptcy resolution process. Ministry of Corporate Affairs a...
Continue Reading... Category : GST | Comments : 0 | Hits : 422
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Posted Date : 21-Dec-2019 , 10:10:06 am | Posted By CASANSAAR
Bank unions have decided to join the national general strike which has been called on January 8, 2020. The strike has been called in protest against the central govt's labour policies and banking reforms, said the unions. Central Trade Unions viz. INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, ...
Continue Reading... Category : Banking | Comments : 0 | Hits : 579
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Posted Date : 21-Dec-2019 , 09:58:47 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Code (IBC) has helped rescue 160 companies and its creditors have got back 44 per cent of their claim amounting to 1.6 lakh crore, a top government official said on Friday. He pointed out that though 44 per cent of recovery may not look very rosy but one should view ...
Continue Reading... Category : Insolvent Professional | Comments : 0 | Hits : 481
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Posted Date : 21-Dec-2019 , 09:55:47 am | Posted By CASANSAAR
In a bid to meet ambitious tax target, the finance ministry on Friday held a review meeting with tax officials directing them to make special efforts to identify and book tax evaders through data analytics and information sharing. The meeting chaired by Revenue Secretary Ajay Bhushan Pandey. H...
Continue Reading... Category : Income Tax | Comments : 0 | Hits : 726
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Posted Date : 20-Dec-2019 , 10:02:25 am | Posted By CASANSAAR
The Government of Canada issued 3,200 invitations to apply for Canadian Permanent Residence to Express Entry candidates in a draw held December 19. The minimum Comprehensive Ranking System (CRS) score in this latest invitation round was 469, a decrease of three points over the previous draw...
Continue Reading... Category : International Business | Comments : 0 | Hits : 490
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Posted Date : 19-Dec-2019 , 09:50:13 am | Posted By CASANSAAR
Question and Answers on ITC under GST. Question and Answers on ITC under GST during the Webinar on Issues related to claiming of ITC under GST by CA. Gaurav Gupta. This video is part of the Webinar on the issues related to claiming of ITC Under GST organised by CA Sansaar...
Continue Reading... Category : GST | Comments : 0 | Hits : 771
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Posted Date : 19-Dec-2019 , 09:43:38 am | Posted By CASANSAAR
The Finance Ministry is considering setting up facilitation centres and developing an app to help traders and small businesses file their Goods and Services Tax (GST) returns, The Times of India reported. The facilitation centres would be similar to the Aadhaar Seva Kendras. It comes as the Centr...
Continue Reading... Category : GST | Comments : 0 | Hits : 737
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Posted Date : 19-Dec-2019 , 09:40:19 am | Posted By CASANSAAR
The British subsidiary of Punjab National BankNSE -0.55 % (PNB) has lost its UK High Court appeal in a USD 45-million deceit claim against seven individuals and two companies, based in India and the US. The issue in contention was whether the High Court of England and Wales should accept jurisdic...
Continue Reading... Category : Banking | Comments : 0 | Hits : 507
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Posted Date : 19-Dec-2019 , 09:15:34 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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Posted Date : 19-Dec-2019 , 09:14:13 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
Continue Reading... Category : GST | Comments : 0 | Hits : 532
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Posted Date : 19-Dec-2019 , 09:12:19 am | Posted By CASANSAAR
he Reserve Bank of India (RBI) released the Annual Report of the “Ombudsman Schemes of RBI for the year 2018-19” today. A. Banking Ombudsman Scheme The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During...
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Posted Date : 18-Dec-2019 , 08:11:57 pm | Posted By CASANSAAR
The GST Council, in its 38th meeting on Wednesday, voted for the very first time since its inception to settle for a uniform rate on lotteries across the country, Rajasthan Minister Shanti Dhariwal said. This is the first time since the launch of the new overarching indirect tax that the Council ...
Continue Reading... Category : GST | Comments : 0 | Hits : 349
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Posted Date : 18-Dec-2019 , 03:55:37 pm | Posted By CASANSAAR
In what is being seen as a big win for Cyrus Mistry, the National Company Law Appellate Tribunal on Wednesday ordered restoration of him as the Executive Chairman of Tata Sons. The tribunal held the appointment of N Chandra as Executive Chairman illegal. However, the tribunal said the restorat...
Continue Reading... Category : Corporate Law | Comments : 0 | Hits : 353
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Posted Date : 18-Dec-2019 , 09:35:17 am | Posted By CASANSAAR
The Government has asked its tax officers across the country to urge indirect tax payers to make use of the ongoing dispute resolution scheme, Sabka Vishwas, which is due to close at the end of the month and made it clear that the deadline will not be extended. So far, over 52,000 applications have ...
Continue Reading... Category : Excise | Comments : 0 | Hits : 599
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Posted Date : 18-Dec-2019 , 09:28:49 am | Posted By CASANSAAR
arkets regulator Sebi on Tuesday imposed a total fine of over Rs 8 crore on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case. “A sum of Rs 6,17,60,184.13 shall be impounded jointly and severally, from Shivani Gu...
Continue Reading... Category : SEBI | Comments : 0 | Hits : 470
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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
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- GST Important Update - Enhancement in the GST Portal
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- 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
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- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- 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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