New offline Tools of GSTR-9 & GSTR-9C are likely to be available by 10th December 2019
Posted Date : 28-Nov-2019 , 04:50:46 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. Accordingly, the changes in the application software and the offline tools are likely to be made available by 10th Dec. 2019.
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GST |
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FM Nirmala Sitharaman presents 1st supplementary demand of grants
Posted Date : 28-Nov-2019 , 01:55:40 pm | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Thursday sought Parliament nod for additional spending of Rs 21,246.16 crore, including over Rs 8,820 crore for the newly formed union territories of Jammu and Kashmir and Ladakh, in the first batch of supplementary demands.
Of this, the net cash outgo will ...
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Finance |
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ICAI sign MoU with Kuwait Auditors and Accountants Association
Posted Date : 28-Nov-2019 , 08:57:06 am | Posted By CASANSAAR
The Institiute of Chartered Accountants of India (ICAI) has signed a Memorandum fo Understanding (MoU) with the Kuwait Accountants and Auditors Association (KAAA) according to a release issued by the institute on Wednesday.
Under the MoU, the ICAI will offer technical training programs to employe...
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ICAI |
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Job Work under GST - A Complete Analysis
Posted Date : 28-Nov-2019 , 08:46:23 am | Posted By CASANSAAR
Job Work under GST - A Complete Analysis
(Job Work under GST - A Complete Analysis by CA. Bhavesh Mittal)
https://youtu.be/T6WJfamBI68
Dont Forget to LIKE the Video and SUBSCRIBE CA Sansaar YouTube Channel
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GST |
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SEBI issues guidelines for preferential issue by listed REITs
Posted Date : 28-Nov-2019 , 08:41:00 am | Posted By CASANSAAR
The Securities and Exchange Board of India (Sebi) on Wednesday issued guidelines for preferential issue of units and institutional placement of units by a listed Real Estate Investment Trust (REITs).
The regulator said a listed REIT may make a preferential issue of units or an institutional place...
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SEBI |
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NFRA gets own address after long wait
Posted Date : 28-Nov-2019 , 08:36:57 am | Posted By CASANSAAR
It took almost a year but India’s premier audit and accountancy regulatory body — the National Financial Reporting Authority (NFRA) — has finally found its own address.
After camping in make-shift offices, it shifted to a upmarket central Delhi building just a few months ago tha...
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NFRA |
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Government hikes authorised capital of FCI to Rs 10,000 cr
Posted Date : 27-Nov-2019 , 01:27:41 pm | Posted By CASANSAAR
The government on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from Rs 3,500 crore, paving the way for additional equity infusion in the state-owned firm.
The decision would also help the FCI, the government's nodal agency for procurement an...
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General |
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SEBI bars Brokerage Karvy over alleged misuse of client funds
Posted Date : 27-Nov-2019 , 10:07:06 am | Posted By CASANSAAR
A ban by market regulator Securities and Exchange Board of India (Sebi) on Karvy Stock Broking from taking on new clients and executing trades for allegedly misusing client securities has unnerved the country's retail investors.
Sebi barred Karvy on Friday after a preliminary investigation by...
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SEBI |
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GST authorities unearth racket involving Rs 140 Cr tax fraud
Posted Date : 27-Nov-2019 , 09:49:49 am | Posted By CASANSAAR
GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means. The Central Board of Indirect Taxes and Customs (CBIC) in a release said that the Central GST Delhi North Commissionerate has uneart...
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GST |
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21 Income Tax officers accused of corruption asked to retire
Posted Date : 27-Nov-2019 , 09:47:40 am | Posted By CASANSAAR
The government has ordered compulsory retirement of 21 income tax officers in the fifth tranche of its crackdown on officials accused of corruption and other malpractices.
Government sources said these officers have been removed on charges of misuse of official position to seek and receive bribes...
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Income Tax |
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Over 92,000 working at BSNL, MTNL opt for voluntary retirement
Posted Date : 26-Nov-2019 , 10:05:52 am | Posted By CASANSAAR
Over 92,000 employees of State-run BSNL and MTNL have so far opted for the recently announced Voluntary Retirement Scheme, according to a government source.
The source said the scheme and the strong response it has generated marks the biggest milestone in the history of these corporations. Nearly...
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General |
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ICSI announces fee waiver to promote CS Education
Posted Date : 26-Nov-2019 , 10:02:36 am | Posted By CASANSAAR
With an aim to make professional education accessible and affordable for all, the regulator of Company Secretary (CS) profession in India, The Institute of Company Secretaries of India (ICSI), has waived fee for the students of Jammu and Kashmir, Ladakh, Lakshadweep, Andaman & Nicobar Islands an...
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ICSI |
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MCA initiatives to reduce cost of compliance by various small Private Ltd. Cos
Posted Date : 26-Nov-2019 , 10:00:32 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) has been taking various initiatives on continuous basis to provide less stringent regulations, including measures with respect to filing requirements for small companies, One Person Companies (OPCs) and start-ups. This was stated by Shri Anurag Thakur, Union M...
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MCA |
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Constitution Day being celebrated today
Posted Date : 26-Nov-2019 , 09:58:15 am | Posted By CASANSAAR
Constitution Day or Samvidhan divas, is being celebrated today across the country to mark the adopting of the Indian Constitution by the Constituent Assembly on this day in 1949. It came into force on 26th January, 1950, marking the beginning of a new era in the history of Indian Republic. The gover...
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General |
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Job Vacancies remain at historic highs in Canada
Posted Date : 25-Nov-2019 , 10:07:07 am | Posted By CASANSAAR
Canada’s private sector is continuing to experience historically high job vacancies.
The Canadian Federation of Independent Business latest Help Wanted Report shows that roughly 433,000 private-sector jobs went unfulfilled this past quarter, which is about 1,500 more than the second quart...
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International Business |
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Procedure of e-Invoicing under GST
Posted Date : 25-Nov-2019 , 09:45:32 am | Posted By CASANSAAR
Procedure of e-Invoicing under GST
(Procedure of e-Invoicing under GST explained by *CA. Pradeep Gupta*)
https://youtu.be/eYDUDruyJXc
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GST |
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Govt plans to amend IBC to provide immunity to buyers of stressed assets from prosecution
Posted Date : 25-Nov-2019 , 09:36:16 am | Posted By CASANSAAR
The government plans to amend the Insolvency and Bankruptcy Code (IBC) to provide immunity to companies taking over stressed assets from prosecution for financial crimes committed by erstwhile promoters.
This will help make the insolvency process more attractive for the bidders and instil confide...
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Category :
Insolvent Professional |
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0 | Hits : 621
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RBI mulling new rules on corporate governance; wants banks to disclose more
Posted Date : 23-Nov-2019 , 10:31:39 am | Posted By CASANSAAR
The Reserve Bank is looking at introducing new rules on corporate governance for banks in sync with global ones, and would also like lenders to disclose more, Deputy Governor N S Vishwanathan said on Friday.
Vishwanathan also urged banks to recognise losses because of NPAs as early as possible an...
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RBI |
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RBI enhances scope of non-resident rupee accounts
Posted Date : 23-Nov-2019 , 10:28:08 am | Posted By CASANSAAR
To popularise cross-border transactions in Indian rupee, the Reserve Bank has enhanced the scope of 'Special Non-resident Rupee' (SNRR) by allowing persons residing outside India to open such accounts for purposes like external commercial borrowing and trade credit in INR.
The RBI, in a n...
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RBI |
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Income Tax dept launches web portal for exchange of information
Posted Date : 23-Nov-2019 , 10:26:23 am | Posted By CASANSAAR
The tax department has launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard.
Central Board of Direct Taxes (CBDT) Chairman P C Mody inaugurated the web portal on Income Tax website.
India is co...
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Income Tax |
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15th Finance Commission Chairman N K Singh calls for major changes in GST structure
Posted Date : 23-Nov-2019 , 10:20:41 am | Posted By CASANSAAR
The 15th Finance Commission Chairman N K Singh has called for major changes in the GST structure, including reducing the complicated procedures and also doing away with frequent rate changes, to improve collection. He also pitched for rationalization of Centrally- sponsored schemes.
Speakin...
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GST |
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0 | Hits : 709
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RBI finally discloses list of large Wilful defaulters
Posted Date : 22-Nov-2019 , 09:53:13 am | Posted By CASANSAAR
Four years after the Supreme Court first directed the Reserve Bank of India (RBI) to disclose a list of India’s wilful defaulters, the central bank has finally complied.
In response to a Right to Information (RTI) application filed by The Wire in May 2019, the RBI has released a list of 30 ...
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RBI |
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Wealth managers, merchant bankers may come under IBC
Posted Date : 22-Nov-2019 , 09:41:22 am | Posted By CASANSAAR
Wealth managers, insurance brokers, merchant bankers and share transfer agents may soon be under the ambit of Insolvency and Bankruptcy Code (IBC), even as the Centre has decided to keep banks, insurance companies and pension funds out of it, at least for the time being.
Officials said there woul...
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Insolvent Professional |
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PSU Banks report fraud of more than Rs. 95700 Cr in 6 months
Posted Date : 22-Nov-2019 , 09:31:40 am | Posted By CASANSAAR
Public sector banks reported frauds of over Rs 95,700 crore in the first six months of the current financial year, Parliament was informed on Tuesday.
Finance Minister Nirmala Sitharaman said that according to the Reserve Bank of India, PSBs reported 5,743 incidents of fraud involving a total amo...
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Category :
Banking |
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0 | Hits : 644
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Five State Finance Ministers lash out at Centre over delay in GST compensation
Posted Date : 21-Nov-2019 , 09:41:10 pm | Posted By CASANSAAR
Five opposition-ruled states on November hit out at the Centre over delays in releasing GST compensation saying their finances are in dire strait due to delays. AAP-ruled Delhi, TMC-run West Bengal, Congress-ruled Punjab and Rajasthan and Left-run Kerala in a joint statement said compensation since ...
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GST |
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0 | Hits : 219
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SEBI approves stricter disclosure norms for listed companies
Posted Date : 21-Nov-2019 , 10:44:09 am | Posted By CASANSAAR
The Securities and Exchange Board of India, SEBI, has approved stricter disclosure norms for listed companies.Accordingly, in case of default in repayment of loans beyond 30 days, listed companies will have to disclose the fact of such default within 24 hours.SEBI Chairman Ajay Tyagi hoped that the ...
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SEBI |
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Cabinet approves Taxation Laws (Amendment) Bill, 2019
Posted Date : 21-Nov-2019 , 10:34:32 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for introducing the Taxation Laws (Amendment) Bill, 2019 in order to replace the Ordinance.
Economic developments after the enactment of the Finance (No. 2) Act, 2019 (Finance Act) along with reduction ...
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Category :
Income Tax |
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Marco Mendicino appointed new Canadian immigration minister
Posted Date : 21-Nov-2019 , 10:13:28 am | Posted By CASANSAAR
Prime Minister Justin Trudeau has named Marco Mendicino as Canada’s next Minister of Immigration. Refugees and Citizenship.
A descendant of Italian immigrants to Canada, Mendicino represents the riding of Eglinton-Lawrence in Toronto, Ontario.
The 46 year old has an extensive background ...
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International Business |
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RBI takes over DHFL board, appoints an administrator
Posted Date : 21-Nov-2019 , 10:08:35 am | Posted By CASANSAAR
The Reserve Bank of India on Wednesday superseded the board of Dewan Housing Finance Corp. Ltd (DHFL) and appointed an administrator in its place, in a step towards referring the debt-laden mortgage lender to a bankruptcy court.
The regulator named R. Subramaniakumar, a former managing director a...
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RBI |
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HC issues notice to Centre over input tax credit denial to restaurants
Posted Date : 20-Nov-2019 , 11:09:57 am | Posted By CASANSAAR
The Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under goods and services tax (GST) regime is not available for restaurants, unlike others.
This was in response to a writ petition filed by Hardcastle Restaurants, which is the master franc...
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GST |
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