CAclubindia News

ICAI releases 3rd edition of IFRS for SMEs Accounting Standard

11 October 2022 at 08:44

Exposure Draft of the third edition of the IFRS for SMEs Accounting Standard issued by the IASB.

Posted in Accounts | 6339 Views

FM Sitharaman to attend IMF, World Bank annual meetings in US

11 October 2022 at 08:44

Union Finance Minister Smt. Nirmala Sitharaman to embark late tonight on official visit to USA to attend Annual Meetings of the IMF-World Bank from 11th to 16th October 2022Union Finance Minister to participate also in G20 Finance Ministers & Cen

Posted in Others | 2025 Views

Exporters seek GST exemption on freight

10 October 2022 at 08:48

Indian exporters have urged the government to extend the rupee payment mechanism to more countries, and restore the 18% goods and services tax (GST) exemption on export freight amid the World Trade Organization (WTO)'s forecast hinting at a sharp

Posted in GST | 2604 Views

Gross Direct Tax Collections grows 23.8% to Rs. 8.98 lakh crore

09 October 2022 at 12:20

Direct Tax collections up to 8th October, 2022 show that gross collections are at Rs. 8.98 lakh crore which is 23.8% higher than the gross collections for the corresponding period of last year.

Posted in Income Tax | 4017 Views

Govt mulls star rating system under GST to curb illegal ITC

08 October 2022 at 08:37

Aiming to decriminalise offences under GST, the government is working on a provision to raise the threshold limit for launching prosecution and lower charges for compounding of offence, an official said on 28 September.

Posted in GST | 4668 Views