Tax Inspectors Without Borders, a joint initiative of the United Nations Development Programme and the Organisation for Economic Cooperation and Development, launched its programme in Seychelles on 4th October 2021.
The blocking of EWB generation facility has now resumed on the EWB portal for all the taxpayers. Going forward, from the tax period August 2021 onwards, the System will periodically check the status of returns filed in Form GSTR-3B.
On 3rd October 2021, the International Consortium of International Journalists (ICIJ) has come out with what is claimed to be a 2.94 terabyte data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.
Application Forms for CMA Intermediate and Final Examination has to be filled up online only and fees will be accepted through online mode only (including Payfee Module of IDBI Bank).
The Commerce Minister said $5 trillion economy is a bold ambition & every Indian has to contribute in making it possible and make it a mass movement. He further adds - "CAs will play a pivotal role in Catalyzing Reform & Creating Value".
No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 2012 for any offshore indirect transfer of Indian assets if the transaction was undertaken before 28th May 2012.
The gross GST revenue collected in the month of September 2021 is Rs. 1,17,010 crore of which CGST is Rs. 20,578 crores, SGST is Rs. 26,767 crores, IGST is Rs. 60,911 crores and Cess is Rs. 8,754 crores.
With a view to provide ease to the LLPs, it is submitted that the time limit for preparing the Statement of Account and Solvency and for getting the accounts audited and the subsequent filing thereof be kindly extended for a period of 30 days.
ICAI released the results of CA examinations held in July 2021. In a brilliant streak, girls swept the top ranks in both old and new courses in final examinations. The achievers proved that success needs just dedication and stern willpower.
Suggestions for widening the tax base, increasing the tax revenue, checking of tax avoidance, reducing litigations, rationalization of the provisions of Direct Tax Laws and removing administrative and procedural difficulties may be submitted.