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CBDT issues refunds to more than 15.47 lakh taxpayers between 1st April to 31st May, 2021

   04 June 2021 at 18:41

Income tax refunds of Rs. 7,538 crore have been issued in 15,02,854 cases & corporate tax refunds of Rs. 18,738 crore have been issued in 44,531 cases.

Posted in Income Tax |   1170 Views


ICAI releases Exposure Draft of the Amendments in the IND AS Taxonomy

   04 June 2021 at 18:23

ICAI has released the Exposure Draft for Amendments in IND AS Taxonomy and in order to endorse transparency, objectivity, independence and participation of stakeholders, the same has been exposed for public comments till 19th June 2021.

Posted in Accounts |   2466 Views


Results of the Assessment for the Certificate Course on CSR held on 27th May declared by ICAI

   04 June 2021 at 05:42

Results of the Assessment for the Certificate Course on CSR held on 27.05.2021, has been declared. Members are required to login to their DLH portal to view the results.

Posted in Students |   1374 Views


CBIC determines rate of exchange of foreign currencies w.e.f 4th June 2021

   03 June 2021 at 22:04

Central Board of Indirect Taxes and Customs determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II is annexed hereto w.e.f 4th June 2021.

Posted in Custom |   2286 Views


Updated Due Dates of Various GST Compliances

   03 June 2021 at 21:15

Updated due dates for filing of Form GSTR-1/IFF by Normal Taxpayers, Returns by Composition, NRTP, ISD, TDS & TCS Taxpayers and of Form ITC-04 have been listed here.

Posted in GST  1 comments |   13401 Views


Shri Anurag Singh Thakur launches IEPFA's 6 modules of short films titled 'Hisab Ki Kitaab'

   03 June 2021 at 21:05

Union Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur has launched the six modules of short films of Investor Education & Protection Fund Authority (IEPFA) titled "Hisaab Ki Kitaab".

Posted in Others |   1413 Views


DPIIT recognizes 50,000 startups under Startup India Scheme

   03 June 2021 at 20:50

With the launch of the Startup India initiative, recognized startups have now spread across 623 districts. Each State and UT has at least one startup. 30 States and UTs have announced specific Startup Policies to support startups.

Posted in Others |   1704 Views


CBIC changes the place of supply for B2B MRO services in case of the shipping industry, to the location of the recipient

   03 June 2021 at 06:18

The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.

Posted in Custom |   1842 Views


ICAI releases ED on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors

   02 June 2021 at 22:25

The Institute of Chartered Accountants of India has released the Exposure Draft on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors and the same has been made available for public comments until 1st July 2021.

Posted in Accounts |   2715 Views


The idea of GST: RIP says Former Finance Minister P. Chidambaram

   02 June 2021 at 18:36

The Former Finance Minister P. Chidambaram on Wednesday, 2nd June 2021, took to his Twitter handle to lay down GST in 10 points. Given in this news piece are his official Tweets.

Posted in GST  6 comments |   9657 Views