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Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

   12 July 2021 at 20:45

Active in public service for over 4 decades, Shri Singh was earlier a Member of Legislative Council (MLA) from Jatusana Vidhan Sabha in Haryana and served as Minister in the state Government of Haryana.                        

Posted in Others |   1149 Views


CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

   11 July 2021 at 16:04

Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible ITC through goods less invoices of Rs 91 crore (approx).

Posted in GST |   3813 Views


FM Nirmala Sitharaman attends Third G20 Finance Ministers and Central Bank Governors Meeting

   11 July 2021 at 10:24

The two-day meeting saw discussions on a wide range of issues including global economic risks and health challenges, policies for recovery from the CoVID-19 pandemic, international taxation, sustainable finance and financial sector issues.

Posted in Others |   1446 Views


Update on New Income Tax Portal by ICAI

   10 July 2021 at 09:57

"Pursuant to decisions in that meeting, our members from ICAI are continuously working with Ministry of Finance officials and Infosys group in configuring glitch-free functionalities of new efiling portal" - ICAI.

Posted in Income Tax  31 comments |   16218 Views


Shri Pankaj Chaudhary takes charge as Minister of State in the Ministry of Finance

   10 July 2021 at 05:34

Shri Chaudhary is a Member of Parliament (MP) from Maharajganj in Uttar Pradesh in the 17th Lok Sabha. Active in public service for over three decades, Shri Chaudhary has also held the post of Deputy Mayor of Gorakhpur in the past.

Posted in Others |   1752 Views


ICAI releases Exposure Draft of Revised AS 102, Share-based Payments

   09 July 2021 at 20:47

The Institute of Chartered Accountants of India has released the Exposure Draft of Revised AS 102 - Share-based Payments for comments with the last date being 7th August 2021. Comments on the same can be submitted Electronically, via Email or Post.

Posted in Accounts |   2484 Views


Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021

   09 July 2021 at 19:05

Upcoming functionalities w.r.t Timelines for filing of Form GST REG-21, Information regarding late fee payable provided in Form GSTR-10 and Auto-population of data in Form GSTR-11 that will be deployed on the GST Portal.

Posted in GST  1 comments |   5448 Views


New Functionalities made available for Taxpayers on GST Portal - June, 2021

   09 July 2021 at 19:04

New Functionalities pertaining to modules of Registration, Refund and Ledgers made available for Taxpayers on the GST Portal for the m/o June 2021 has been mentioned here.

Posted in GST |   6516 Views


Cabinet approves MoU between Institute of Cost Accountants of India and the ACCA

   09 July 2021 at 05:50

This MoU will lead to a focus attention towards the exchange of knowledge and exchange of research and publications, which will strengthen good governance practice in both jurisdictions.

Posted in Professional Resource  2 comments |   3645 Views


Total Revenue Deficit Grant of Rs. 39,484 crore released to States in the current financial year

   09 July 2021 at 05:43

With the release of the instalment of Rs. 9,871 crore, a total amount of Rs. 39,484 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year.

Posted in Others |   1230 Views