CAclubindia News

Centre releases Rs 1.40 lakh crore tax devolution amount to states

11 March 2023 at 08:48

Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure

Posted in Income Tax | 2967 Views

Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores

10 March 2023 at 08:37

A recent update issued by GST E-Invoice System dated March 09, 2023 stated that the E-Invoice System will not accept 4-digit HSN codes and the date for blocking e-Invoice generation having HSN code as 4-digits will be intimated Soon.

Posted in GST | 12264 Views

E-way bill generation in Feb dropped to a 3-month low of over Rs. 8.18 crore

09 March 2023 at 08:35

During fiscal year 2021-22, number of e-way bill generated in December was 7.16 crore which dropped to 6.88 crore in January but rose to 6.91 crore in February...

Posted in GST | 4566 Views

ICAI extends last date for online empanelment of members to act as observers for May / June 2023 CA exams upto 15th March

08 March 2023 at 07:00

It has been decided to extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered Accountants’ Examinations, May/June 2023, up to 15th March 2023.

Posted in Students | 12372 Views

ICAI | Implementation Guide to SA 580 Written Representations

08 March 2023 at 06:58

Implementation Guide to SA 580 Written Representations

Posted in Audit | 6624 Views

Shri S.S. Dubey takes charge as CGA

07 March 2023 at 07:45

Shri S.S. Dubey took charge as the Controller General of Accounts (CGA) here today. Shri Dubey is the 28th Controller General of Accounts (CGA), Ministry of Finance, Government of India.

Posted in Others | 6279 Views

RBI asks banks, NBFCs to promote digital payments

07 March 2023 at 07:41

Launched in 2016, UPI has emerged as the most popular and preferred payment mode in India pioneering Person to Person (P2P) as well as Person to Merchant (P2M) transactions in India accounting for 75% of the total digital payments.

Posted in Others | 2847 Views

GST Tax Evasion: Action initiated against 17229 persons in 2 years

06 March 2023 at 08:37

With the increasing incidence of fake billing scams and tax evasion, action was initiated against some 17,229 persons in Gujarat

Posted in GST | 5472 Views

GSTN launches e-invoice registration services with private IRP

06 March 2023 at 08:36

In another step towards further digitization of the business process flow, GSTN has launched the e-invoice registration services through multiple private IRPs at the recommendation of the GST Council.

Posted in GST | 7836 Views

CBDT notified Insolvency and Bankruptcy Board of India for exemption u/s 10(46)

04 March 2023 at 08:43

CBDT vide Notification No. 09/2023 dated March 01, 2023 has notified Income Tax exemption to the Insolvency and Bankruptcy Board of India ("the IBB") under section 10(46) of the Income-tax Act, 1961 ("the IT Act")

Posted in Income Tax | 5226 Views