Discussing 9 important decisions taken by the Council of the ICSI at its meeting held during 26th & 27th March, 2021.
The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 promulgated on 4th April 2021 provides for a pre-packaged insolvency resolution process (PPIRP) for corporate debtors classified as micro, small and medium enterprises.
The Finance Minister urged World Bank to explore the possibility to sustain crisis response keeping in mind debt sustainability of vulnerable countries and financial sustainability of the WBG.
It has been decided to grant an extension of time for successful completion of MCBT up to 31st December 2021 to the practising members who have taken COP during the period 1st February 2019 to 31st March 2021.
The provisional figures of Direct Tax collections for the Financial Year 2020-21 show that net collections are at Rs. 9.45 lakh crore.
The discussions at the meeting were based on IMF Managing Director’s Global Policy Agenda (GPA) titled, “Bolstering the Recovery, Countering Divergence”. The meeting was represented by 190 member countries of the IMF.
GSTN has issued an advisory on 8th April 2021 for payment of Tax by Taxpayers under QRMP Scheme, for the month of March, 2021
The amendments aim to ensure smooth and flawless compliance in the light of the technological advancement in the digital era by adopting electronic means as a primary mode of communication and working in the Copyright Office.
Registration for Jan-Feb, 2021 CA final examination pass out candidates begins on 8th April'21 and will end on 13th April'21 and no extension of date will be possible.
Shri Tarun Bajaj formally takes charge as the Secretary, Department of Revenue (DoR), Ministry of Finance, in New Delhi earlier today. Shri Bajaj held additional charge of DoR after superannuation of Dr A.B. Pandey on 28.02.2021.
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