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ICAI | Certificates issued by Peer Review Board to Practice Units without end date

   10 November 2022 at 15:10

The Practice Units which have been issued a certificate in which the date till which the said certificate is valid has not been mentioned, may get the Peer Review of their firms initiated and completed on or before 31st December 2022.

Posted in Professional Resource |   3144 Views


ICAI | Peer Review Mandate - Phase II Roll Out

   10 November 2022 at 08:34

Phase II of the mandate is becoming applicable from April 1, 2023. The Practice Units may accordingly take note and subject themselves to the Peer Review process.

Posted in Professional Resource |   2424 Views


FM Nirmala Sitharaman approves India's First Sovereign Green Bonds Framework

   10 November 2022 at 08:34

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman approves the final Sovereign Green Bonds framework of India.

Posted in Others |   2181 Views


Unaccounted transactions of Rs 100 crore found during IT raids in Jharkhand

   09 November 2022 at 10:08

A search and seizure action was initiated by the Income Tax Department on few business groups engaged in coal trading/ transportation, execution of civil contracts, extraction of iron ore and production of sponge iron, on 04.11.2022.

Posted in Income Tax |   7215 Views


CBIC makes important changes in filing GST Returns

   09 November 2022 at 10:07

Important changes have been made in Return Filing Process

Posted in GST |   7905 Views


GSTN started allowing amendment in Form 9A - B2B invoices

   09 November 2022 at 10:06

GSTN has started allowing the amendment related to FY 2021-22 in October 2022 return period. This is in line with the recent amendment in the GST Law wherein amendment can be done up to 30th November of the next FY.

Posted in GST |   11805 Views


Ministry of Finance released 8th monthly instalment of PDRD Grant of Rs. 7,183.42 crore to 14 States

   08 November 2022 at 08:32

Total Revenue Deficit Grant released to States so far in current financial year has gone up to Rs. 57,467.33 crore States will get a total Revenue Deficit Grant of Rs.86, 201 crore in 2022-23

Posted in Others |   3213 Views


ICAI issues Mock Test Papers Series-II for Dec 2022 CA Foundation Exams

   08 November 2022 at 08:32

Mock Test Papers Series-II for December, 2022 CA Foundation Examination

Posted in Students |   5634 Views


Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

   07 November 2022 at 08:33

While Central GST collections could exceed the budget target for FY23 by about Rs 1 trillion, excise duty collections may fall short of the Budget estimate (BE) by Rs 40,000-50,000 crore.

Posted in GST |   2568 Views


GST sleuths uncover Rs 45 crore fake bills scam, arrest businessman

   07 November 2022 at 08:33

The Maharashtra Goods & Services Tax Department has busted a GST scam involving fake invoices worth Rs 45 crore and arrested a businessman for the alleged fraud, an official said here on Friday.

Posted in GST |   6558 Views



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