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MCA implements stringent norms for closure of firms

   15 May 2023 at 08:38

Ministry of corporate affairs has introduced fresh conditions for companies that wish to de-register with the RoC.

Posted in Corporate Law |   4290 Views


IT department considers imposing tax on Netflix's India Operations

   13 May 2023 at 08:50

India is taking steps to impose tax on income generated by Netflix Inc's from streaming services in the country.

Posted in Income Tax |   6738 Views


IT dept launches Excel-based utility of ITR-2 for AY 2023-24

   13 May 2023 at 08:48

Excel Utility of ITR-2 for AY 2023-24 is available for filing

Posted in Income Tax |   4287 Views


24 major importers evade Rs 11,000 crore GST payments

   13 May 2023 at 08:48

The Directorate General of GST Intelligence (DGGI) and Directorate of Revenue Intelligence (DRI) have detected alleged Integrated GST evasion to the tune of ₹11,000 crore by 24 large importers.

Posted in GST |   2784 Views


RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

   12 May 2023 at 08:50

RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises

Posted in Others |   3087 Views


Automated Return Scrutiny Module rolled out for GST returns in ACES-GST backend application

   12 May 2023 at 08:50

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers

Posted in GST |   5457 Views


Tax authorities investigate shell firms for fraudulent ITC claims

   12 May 2023 at 08:50

According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two months.

Posted in GST |   3507 Views


ICAI | No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023

   12 May 2023 at 08:50

The Advanced IT (Old Syllabus) Test conducted by Examination Department for students who have undergone Advanced IT (Old Syllabus) course will not be conducted after September 2023.

Posted in Students |   14151 Views


ICAI releases Schedule of Convocation 2023

   11 May 2023 at 15:48

Members & Students Services (Grievances Handling and e-Sahaayataa) DirectorateThe Institute of Chartered Accountants of India11th May, 2023 Convocation 2023The next ICAI Convocation will be held at following Cities as per dates mentioned, for Mem

Posted in Students |   22266 Views


CBIC reduces e-invoicing limit from 10 crore to 5 crore w.e.f. 1st August 2023

   11 May 2023 at 08:59

CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023.

Posted in GST  1 comments |   19692 Views



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