Govt appoints Krishnamurthy Subramanian as new Chief Economic Advisor
Posted Date : 07-Dec-2018 , 11:02:32 pm | Posted By CASANSAAR
The government today appointed Dr Krishnamurthy Subramanian as the new Chief Economic Advisor.Dr Subramanian will have a tenure of three years.
The Appointments Committee of the Cabinet has cleared his name. He is currently working as an Associate Professor in Indian Schoo...
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Category :
General |
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Registration for Opportunities in Abroad - Helpline
Posted Date : 06-Dec-2018 , 09:05:24 am | Posted By CASANSAAR
We are getting overwhelming response for opportunities in aboard from Members, Accordingly CASANSAAR have decided to proceed further in this direction.
Our Team are in the process of discussion with various agencies across the world and In the result of our continuous efforts Various a...
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Category :
Chartered Accountant |
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7 | Hits : 3610
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Support to CASANSAAR - Vote for Khurana Vivek in CC S.N.13
Posted Date : 06-Dec-2018 , 05:24:27 am | Posted By CASANSAAR
Respected Professional Colleague,
Greetings of the Day!!!
CA.VIVEK KHURANA (Founder of CASANSAAR) and his team are serving for CA profession from last Eight years and trying to do there best with the medium of CASANSAAR.COM
Now CA.VIVEK KHURANA has filed Nomination for ...
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Category :
ICAI Election |
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0 | Hits : 950
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Simplified GST return forms to be rolled out from April 1 - Rev Secretary
Posted Date : 06-Dec-2018 , 08:30:23 am | Posted By CASANSAAR
The new simplified GST return forms will be rolled out from April 1, 2019, revenue secretary Ajay Bhushan Pandey said on Tuesday.
He exuded confidence that the government will achieve the budgeted target for Goods and Services Tax (GST) collection and said the revenue department is getting inputs...
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GST |
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I-T department working on pre-filled income tax return forms - CBDT
Posted Date : 06-Dec-2018 , 08:25:27 am | Posted By CASANSAAR
Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said.
The tax department is working on the pre-filled income tax return (ITR) forms which would be based on tax deducted...
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CBDT |
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RBI keeps key rates unchanged
Posted Date : 06-Dec-2018 , 08:12:32 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) Wednesday expectedly kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise.
It also coaxed banks to lend more in order to support the slowing economy.
With all the six member of the monetary poli...
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RBI |
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E-commerce firms not liable to collect TCS from suppliers with less than Rs.20 lakh turnover
Posted Date : 04-Dec-2018 , 09:51:10 am | Posted By CASANSAAR
The e-commerce companies are not liable to collect TCS on supplies made by entities with turnover not exceeding ₹20 lakh and are not registered under GST, the CBIC has said.
As per Goods and Services Tax (GST) provisions, beginning October 1, 2018, e-commerce companies deduct 1% tax collected a...
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GST |
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Over 18.10 lakh registered companies, only 62% active at end of October
Posted Date : 04-Dec-2018 , 09:45:27 am | Posted By CASANSAAR
The country has more than 18 lakh registered companies but only 62 per cent of them were actively functioning at the end of October, according to official data.
The majority of active companies were engaged in business services.
With more than 6.46 lakh companies shuttered and many others unde...
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Category :
Companies Act |
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0 | Hits : 906
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Sebi extends deadline for shares in Demat form to April 1
Posted Date : 04-Dec-2018 , 09:43:49 am | Posted By CASANSAAR
Markets regulator Sebi Monday extended the deadline for transfer of shares of listed companies only in demat form to April 1.
The last date has been extended after taking into consideration representations from shareholders as the initial deadline was to end on December 5.
Shares in the ...
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Shares & Stock |
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Govt clears Rs 91,149 cr GST refunds to exporters so far; Rs 6,053 Cr still pending
Posted Date : 04-Dec-2018 , 09:41:45 am | Posted By CASANSAAR
The finance ministry Monday said Rs 91,149 crore has been issued so far to exporters as GST refunds, which are 93.77 per cent of total claims with the tax authorities.
In a statement, the ministry said Rs 6,053 crore worth GST refund is still pending with the government and that is being "ex...
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Category :
GST |
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0 | Hits : 733
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Bank of Maharashtra appoints CA Rajeev as MD and CEO
Posted Date : 03-Dec-2018 , 06:58:18 am | Posted By CASANSAAR
State-owned Bank of Maharashtra announced on Sunday that AS Rajeev has joined the lender as its managing director and chief executive officer.
"AS Rajeev has joined Bank of Maharashtra as managing director and chief executive officer on Dec. 2, 2018. Prior to this, he was executive director ...
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Banking |
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0 | Hits : 1342
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GST Amnesty scheme likely for Nil, Non-Filers
Posted Date : 03-Dec-2018 , 06:49:40 am | Posted By CASANSAAR
The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers.
“Approximately there are 25 lakh ‘nil’ filer assessees while on an average 10 per cent of assessees have never filed returns so far,&rdqu...
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GST |
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SBI to auction 3 NPA accounts to recover Rs 2,111 crore dues
Posted Date : 03-Dec-2018 , 06:43:57 am | Posted By CASANSAAR
The country’s largest lender SBI has put up for sale three of its non-performing loan accounts to recover dues of Rs2,110.71 crore. An e-auction will take place on 13 December for the sale of these three accounts 0151 Sona Alloys Pvt Ltd, MCL Global Steel Pvt Ltd and Jayaswal Neco Industries.
...
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NPA |
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GST collection for November stands at Rs. 97,637 Cr
Posted Date : 03-Dec-2018 , 06:38:23 am | Posted By CASANSAAR
The GST collection in the month of November this year stood at 97 thousand and 637 crore rupees. The collection in October had crossed one lakh crore rupees.
The revenue collected in November relates to transactions made in October.
According to an official release, out of th...
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Category :
GST |
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0 | Hits : 766
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Centre, states apportion Rs 33,000 crore IGST in November
Posted Date : 01-Dec-2018 , 01:33:25 am | Posted By CASANSAAR
As much as Rs 33,000 crore lying in the integrated goods and services tax (IGST) pool has been apportioned between the centre and states in November.
The states' share would be over Rs 16,000 crore, the official said.
The apportionment would add to the goods and services tax (G...
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Category :
GST |
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Govt extends deadline for filing TDS returns under GST for Oct-Dec to Jan 2019
Posted Date : 01-Dec-2018 , 07:00:07 am | Posted By CASANSAAR
The government has extended the due date of filing tax deducted at source (TDS) returns under GST laws for the October-December period till January 31, 2019. The TDS provisions under the goods and services tax (GST) were brought into effect from October 1, 2018.
According to the Central GST (CGST...
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GST |
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0 | Hits : 986
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Dr. Ajay Bhushan Pandey takes over as Revenue Secretary
Posted Date : 01-Dec-2018 , 06:57:47 am | Posted By CASANSAAR
Dr. Ajay Bhushan Pandey (IAS: MH 1984) took over as the Union Revenue Secretary upon superannuation of Dr Hasmukh Adhia here today. Outgoing Finance Secretary & Revenue Secretary, Dr Hasmukh Adhia welcomed Dr Pandey in his office. A Maharashtra cadre officer, Dr. Pandey will continue to head the...
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Category :
Finance |
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Interest subsidy for MSME sector exporters increased to 5 per cent - RBI
Posted Date : 30-Nov-2018 , 08:31:20 am | Posted By CASANSAAR
To boost MSME sector exports, the Reserve Bank said Thursday the interest subsidy on post and pre-shipment export credit has been increased to 5 per cent from 3 per cent.
The increased subsidy is applicable from November 2.
Exporters get the subsidy under the 'Interest Equalisa...
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RBI |
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Auditors one of the weakest links in Corporate governance - Kotak
Posted Date : 30-Nov-2018 , 08:28:40 am | Posted By CASANSAAR
Banker Uday Kotak on Thursday said auditors are one of the “weakest links” plaguing the corporate governance architecture in the country.
“One of the weakest links in fiduciary chain of governance in India is accounting. Time and again we find that this situation is leading to s...
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Auditing |
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RBI reduces minimum holding period for securitisation of loan portfolios
Posted Date : 30-Nov-2018 , 08:21:50 am | Posted By CASANSAAR
To help further ease liquidity condition for non-bank lenders, the Reserve Bank of India has made changes to the holding period for securitised loan portfolios.
In a notification on Thursday, the Reserve Bank of India said that the minimum holding period requirement for non-banking finance compan...
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RBI |
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0 | Hits : 934
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CBDT allows taxman to widen certain Limited Scrutiny cases
Posted Date : 30-Nov-2018 , 08:19:20 am | Posted By CASANSAAR
The CBDT has issued a fresh directive on 'limited scrutiny' assessment cases allowing the tax officials to widen the scope of such probes if they receive "credible" information of tax evasion by assessees.
The policy-making body for the Income Tax Department, however, made...
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CBDT |
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0 | Hits : 1243
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SEBI to extend commodity trading hours soon
Posted Date : 30-Nov-2018 , 08:18:06 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) may allow the commodity market to open an hour early at 9 am, instead of at 10 am now. It is also considering extending the closing time of the agri commodity market by 4 hours to 9 pm. An announcement to the effect is expected soon.
Agri commodit...
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SEBI |
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Examination for Confirmation of Enrollment of GST Practitioners
Posted Date : 30-Nov-2018 , 08:16:03 am | Posted By CASANSAAR
Reference is invited to Press Release dated 1.11.2018 and 19.11.2018 regarding exam for GST Practitioners (GSTPs) scheduled on 17.12.2018. For this exam, only those GSTPs of the relevant category were invited to register on examination portal whose enrolment on GST Network was approved as on 15.11.2...
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Category :
GST |
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Govt extends deadline for GST returns filing for taxpayers affected by cyclones
Posted Date : 30-Nov-2018 , 08:14:14 am | Posted By CASANSAAR
The government has extended the date for filing summary GST sales returns for October for taxpayers affected by cyclones in Andhra Pradesh and Tamil Nadu.
A finance ministry statement said in New Delhi on Wednesday that for taxpayers whose principal place of business is in the district of Srikaku...
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Category :
GST |
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0 | Hits : 821
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Non-graduate CAs now eligible to become registered valuers - ICAI
Posted Date : 28-Nov-2018 , 08:16:50 am | Posted By CASANSAAR
Non-graduate chartered accountants with three years of experience can now become registered valuers, with the Ministry of Corporate Affairs amending the rules in this regard.
Previously a CA having three years of post-qualification experience and qualified as a graduate was allowed to becom...
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Category :
Insolvent Professional |
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0 | Hits : 1265
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Brief Profile and Election Manifesto of KHURANA Vivek - CC S.N. 13
Posted Date : 27-Nov-2018 , 12:16:14 pm | Posted By CASANSAAR
Respected Professional Colleague,
Elections to the Central & Regional Councils of The Institute of Chartered Accountants of India are round the corner. With the God’s grace, blessings of my Parents & Elders, Support of my Friends and well Wishers I have filed ...
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Category :
ICAI Election |
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Chartered Accountants can be proceeded against other Miscondct - SC
Posted Date : 27-Nov-2018 , 08:57:17 am | Posted By CASANSAAR
If a Chartered Accountant (CA) is found guilty of any misconduct that brings disrepute to the profession, they can lose their jobs / COP. They can even be penalized with removal of their name from the rolls, among other disciplinary actions, a Supreme Court (SC) order has observed while hearing an a...
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CA |
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0 | Hits : 1726
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Govt to introduce pre-packaged bankruptcy schemes to speed up resolution process
Posted Date : 27-Nov-2018 , 08:41:15 am | Posted By CASANSAAR
To make resolution of bankrupt companies easier, the Centre seeks to introduce a quick rescue option for corporate entities, which will unfold in boardrooms rather than courts.
Under these pre-packaged bankruptcy schemes, creditors and shareholders can approach a bankruptcy court with a pre-negot...
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Category :
Insolvent Professional |
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0 | Hits : 1017
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Govt moves to redraft direct tax laws to modernize income tax
Posted Date : 27-Nov-2018 , 08:36:57 am | Posted By CASANSAAR
The Narendra Modi government will take a fresh look at modernizing the Income Tax Act, 1961, after an earlier effort by a six-member task force got derailed. The union government on Monday appointed Akhilesh Ranjan, member (legislation), Central Board of Direct Taxes (CBDT), as the new convener to h...
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Category :
Income Tax |
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0 | Hits : 1196
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RBI eases hedging requirements for foreign loans
Posted Date : 27-Nov-2018 , 08:34:27 am | Posted By CASANSAAR
The Reserve Bank of India has decided to ease hedging requirements for medium-term foreign currency borrowings. The move will help bring down the final cost of overseas loans for Indian firms but could leave them more exposed to volatility in the foreign exchange markets.
Medium-term external com...
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RBI |
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