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.
The Institute of Chartered Accountants of India has extended the last date for Payment of Membership/COP Fee for the year 2021-22 to 31st December 2021. As such, members are requested to pay the fees online through the Self-Service Portal (SSP).
The Government of India has received Rs. 8,08,672 crore upto August, 2021 comprising of Rs. 6,44,843 crore Tax Revenue (Net to Centre), Rs. 1,48,650 crore of Non Tax Revenue and Rs. 15,179 crore of Non Debt Capital Receipts.
As of May 2021, India's United Payments Interface (UPI) has seen participation of 224 banks & recorded 2.6 billion transactions worth over $68 Bn and the highest ever, more than 3.6 Bn transactions, in Aug'21.
The Institute of Company Secretaries of India has written a representation letter to the Ministry of Corporate Affairs requesting the concerned authorities to extend the time limit for filing of DIR-3 KYC for a period of 30 days.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)