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CBIC extends the due date for filing GSTR-1 for May 2021 by 15 days

   02 June 2021 at 06:29

Vide Notification No. 17/2021 – Central Tax, CBIC has extended the due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 from 11th June 2021 to 26th June 2021.

Posted in GST |   2439 Views


Section 112 of the Finance Act 2021, which amends the Interest on Delayed Payment of GST to come into effect from 1st June 2021

   02 June 2021 at 06:26

CBIC has appointed 1st June 2021 as the date on which Section 112 of the Finance Act 2021 shall come into force. This section seeks to amend Section 50 of the Central Goods and Services Tax Act, 2017 which relates to Interest on Delayed Payment of GST.

Posted in GST |   9060 Views


ICMAI provides certain relaxations in view of the COVID-19 pandemic

   02 June 2021 at 06:23

ICMAI, at its 331st Meeting held on 30th and 31st May 2021, has given six relaxations to its members, keeping in view the drastic impact of the second wave of the COVID-19 pandemic. Know the same in this news piece.

Posted in Corporate Law |   1236 Views


Extension of ICSI UDIN Amnesty Scheme till 15th June 2021

   02 June 2021 at 06:15

Keeping in view the persisting situations in the country due to COVID 19 and various practical difficulties being faced by the members, the Institute has decided to extend the ICSI UDIN Amnesty Scheme, 2021 till June 15, 2021.

Posted in Professional Resource |   987 Views


Government issues amendment in the Export Policy of Amphotericin-B injections used to treat Black Fungus

   02 June 2021 at 06:12

The export of Amphotericin-B injections falling under the ITCHS Codes specified above or falling under any other HS Code has been restricted, with immediate effect.

Posted in Others |   1020 Views


Expert Committee on Variable Capital Company submits its report to the IFSCA

   01 June 2021 at 22:28

Dr. K.P. Krishnan headed expert committee on Variable Capital Company has submitted its report on the feasibility of Variable Capital Companies in the International Financial Services Centres to the Chairperson of IFSCA, Shri. Injeti Srinivas.

Posted in Others |   1125 Views


ICAI declares the Result of the online Examination of the Certificate Course on Derivatives held on 22nd May 2021

   01 June 2021 at 18:04

Result of the online Examination of the Certificate Course on Derivatives held on 22nd May 2021 has been declared by ICAI. As such, 47 candidates have cleared the examination.

Posted in Students |   1302 Views


ICAI invites comments on the Chartered Accountants (Amendment) Regulations, 2021

   01 June 2021 at 17:58

ICAI on 27th May 2021 notified the Chartered Accountants (Amendment) Regulations, 2021. Thus, ICAI has now invited comments on the Chartered Accountants (Amendment) Regulations, 2021 which may be sent by email to - comments.bosrba@icai.in.

Posted in Professional Resource |   1707 Views


ICAI releases Exposure Draft for Amendments to the Guidance Note on Accounting for Derivative Contracts w.r.t. IBOR Phase 2 Replacement Issues

   01 June 2021 at 17:51

ICAI has invited comments on the Exposure Draft and the same may be submitted to ICAI via email, post or electronically, so as to be received no later than June 21, 2021.

Posted in Professional Resource |   1074 Views


ICAI President's Message - June 2021

   01 June 2021 at 17:45

CA. Nihar N. Jambusaria - President, ICAI's June 2021 message for members and students.

Posted in Professional Resource |   10692 Views