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FAQ on Accounting for amounts to be incurred towards CSR pursuant to the Companies (CSR Policy) Amendment Rules, 2021

   10 May 2021 at 22:02

This FAQ has been issued by the Accounting Standards Board of ICAI on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) pursuant to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

Posted in Corporate Law |   5712 Views


FM mentions that it is factually incorrect to state that there has been no expenditure on COVID 19 vaccination by the centre

   10 May 2021 at 15:35

The amount of Rs. 35,000 crore has been shown under the Demand for Grants No. 40, titled ‘Transfers to States’. The use of the Demand titled ‘Transfers to States’ in no way implies that expenditure cannot be incurred by the Centre.

Posted in Others |   1032 Views


Request for extension of dates for GST & Income Tax Compliances till 31st August 2021 by CAIT

   10 May 2021 at 15:27

CAIT, on 7th May 2021, sent a letter to FM Nirmala Sitharaman demanding an extension of dates for GST & Income Tax compliances till 31st August & a six month moratorium on payment of Bank EMI, interest and loans etc.

Posted in GST  2 comments |   11640 Views


FM Nirmala Sitharaman's reply to Mamata Banerjee's request for exemption of GST/Customs Duty amid COVID-19

   10 May 2021 at 05:35

FM Nirmala Sitharaman responded to Smt. Mamata Banerjee's letter seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs via 15 tweets.

Posted in GST  3 comments |   14988 Views


Request for exemption from GST/Customs duty on COVID related drugs by Mamata Banerjee

   10 May 2021 at 05:25

Smt. Mamata Banerjee has written to PM Shri Narendra Modi for providing an exemption from all taxes on oxygen concentrators, cylinders, cryogenic storage tanks. tankers & tank containers and COVID related drugs.

Posted in GST |   1362 Views


Anurag Thakur's reply to Mallikarjun Kharge's - Leader of Opposition, Rajya Sabha representation letter amid COVID-19

   10 May 2021 at 05:20

Point wise response by Shri Anurag Thakur elaborating measures taken and rectifying some of the misconceptions in the letter presented by Hon'ble Shri Mallikarjun Kharge - Leader of Opposition, Rajya Sabha.

Posted in GST |   2427 Views


Request to exempt taxes on life saving products by Hon. Sh. Mallikarjun Kharge - Leader of Opposition, Rajya Sabha

   10 May 2021 at 05:05

On behalf of the people of India. I write to convey deep concern and sense of anguish regarding the unprecedented crisis the nation faces today.

Posted in GST |   1371 Views


ESIC installs oxygen plants at two hospitals in Delhi NCR dedicated to Covid-19 relief

   09 May 2021 at 20:54

A 440 LPM capacity plant has been installed at the ESIC Hospital and Medical College in Faridabad, while another plant of 220 LPM capacity was commissioned at ESIC Hospital in Jhilmil, New Delhi today.

Posted in Corporate Law |   1767 Views


Centre releases Rs. 8923.8 crore to Panchayats in 25 States in view of COVID-19 pandemic

   09 May 2021 at 17:55

Ministry of Finance released an amount of Rs. 8,923.8 crore to 25 States for providing grants to the Rural Local Bodies (RLBs). The grants are meant for all the three tiers of Panchayati Raj Institutions – village, block and district.

Posted in Others |   915 Views


ICSI to conduct a repeat CSEET exam on 10th May 2021

   09 May 2021 at 07:24

ICSI has decided to conduct one more test of the Company Secretary Executive Entrance Test (CSEET), for students who experienced a technical failure on the test conducted on 8th May 2021. The re-test will be conducted on 10th May 2021.

Posted in Students |   1251 Views