Government notifies GST cess hike on mid and large cars, SUVs
Posted Date : 13-Sep-2017 , 11:25:33 am | Posted By CASANSAAR
The government has notified levy of increased GST cess of up to 7 per cent on mid-size, large and SUV cars.
The GST Council on September 9 had decided to hike cess on mid-size cars by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent to bring tax rates on these cars at pre-G...
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GST |
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Direct tax revenue grows 17.5% to Rs 2.24 lakh cr in Apr-Aug
Posted Date : 12-Sep-2017 , 08:15:17 am | Posted By CASANSAAR
Direct Tax Collections has shown a growth of 17.5 percent upto August this year, standing at 2.24 lakh crore rupees which is 17.5 percent higher than net collections for same period last year.
This collection is 22.9 percent of the total Budget Estimates of Direct Taxes for the Financial Ye...
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Income Tax |
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Global audit firms may face Scrutiny
Posted Date : 11-Sep-2017 , 12:50:33 am | Posted By CASANSAAR
Global auditing firms may come under greater scrutiny for any wrong-doing as regulators mull ways to make them more accountable, with the role of such auditors -- especially the Big Four -- coming under the lens in various corporate misdoings.
The move is expected to give a fillip to Indian audit...
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Auditing |
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GST rates changed for 40 items, cess hiked on SUVs and luxury cars
Posted Date : 11-Sep-2017 , 08:15:27 am | Posted By CASANSAAR
The GST rates on 30 items of mass consumption were slashed on Saturday while the cess on mid and high-segment cars went up by 2 to 7 per cent.
Briefing the media after the second review meeting post the Goods and Services Tax roll out, Union Finance Minister Arun Jaitley said that in conson...
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GST |
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After PAN, Bank a/cs, link your SIM with Aadhaar to avoid deactivation
Posted Date : 11-Sep-2017 , 08:10:07 am | Posted By CASANSAAR
After PAN cards and bank accounts, Aadhaar linking is likely to become mandatory for mobile phones, said media reports.
According to a report in IANS, the government is planning to mandate the linking of Aadhaar with SIM cards. All phones, not linked with Aadhaar, will be deactivated after Februa...
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Income Tax |
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TDS, TCS deductors can apply for GST registration from 18 September
Posted Date : 11-Sep-2017 , 08:06:52 am | Posted By CASANSAAR
The goods and services tax (GST) registrations for entities mandated to collect and deduct tax at source will start from 18 September. However, the date from which tax deducted at source (TDS) or tax collected at source (TCS) is to be done will be notified later.
The GST Council, at its 21st meet...
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GST |
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Govt to assess input tax credit claims of Rs 60,000 crore in GST
Posted Date : 11-Sep-2017 , 08:04:13 am | Posted By CASANSAAR
The government is in the process of checking the veracity of the around Rs 60,000 crore of claims made by entities for stocks before the implementation of the goods and services tax (GST). Of the Rs 95,000 crore of revenue collected in July, around Rs 62,000 crore has been claimed as input tax credi...
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GST |
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Taxmen to snoop social networking sites to trace black money
Posted Date : 11-Sep-2017 , 07:54:30 am | Posted By CASANSAAR
A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money.
'Project Insight', likely to be launched next month, will use big data analy...
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Income Tax |
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Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th Sept, 2017
Posted Date : 10-Sep-2017 , 10:27:34 am | Posted By CASANSAAR
The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers:
In view of the difficulties being faced by taxpayers in filing returns, the following revised schedule has been approved:
Sl....
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Category :
GST |
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Govt extends deadline for filing of GSTR 1 to October 10
Posted Date : 09-Sep-2017 , 10:04:28 am | Posted By CASANSAAR
The government on Saturday extended the deadline for filing of GSTR-1 or sales return for July by a month till October 10, Finance Minister Arun Jaitley said. Earlier, the filing for GSTR-1 was supposed to end on September 10.
Besides this, artisans with a turnover of up to Rs. 20 lakh have also ...
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GST |
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Dr Ajay Bhushan Pande will be new Chairman of GSTN
Posted Date : 08-Sep-2017 , 08:01:50 pm | Posted By CASANSAAR
Dr Ajay Bhushan Pande will hold charge of chairman GSTN in place of Navin Kumar who retired recently. He is DG UIDAI (Aadhar)
He brings with him his vast experience of implementing complex IT projects. I welcome him to the Team GST of Revenue deptt. - tweet by Dr Hasmukh Adhia
...
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Income Tax |
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21,000 people disclose Rs 4,900 crore black money under PMGKY
Posted Date : 07-Sep-2017 , 10:01:12 pm | Posted By CASANSAAR
Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said.
The Income Tax Department, a top government official told PTI, has colle...
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Category :
Black Money |
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Practicing Chartered Accountant Cannot Enroll As A Lawyer - Gujrat HC
Posted Date : 07-Sep-2017 , 08:48:40 am | Posted By CASANSAAR
Gujarat high court rejected a petition filed by a retired banker, who is a practising chartered accountant (CA), asking for enrolment as an advocate.
Justice R H Shukla upheld the provisions made by the Bar Council of India (BCI) and the Bar Council of Gujarat (BCG), that a person engaged in othe...
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Chartered Accountant |
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Over 22 lakh petition against GST on insurance premiums
Posted Date : 07-Sep-2017 , 08:39:18 am | Posted By CASANSAAR
Claiming that insurance industry has been heavily hit by the imposition of 18 per cent GST, the All India Insurance Corporation Employees Union on Wednesday said that about 22 lakh people have signed petition to Prime Minister opposing GST on insurance premiums.
The new GST system has brought add...
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Category :
GST |
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GST collection tops Rs 94,000 crore for July from 44 lakh businesses
Posted Date : 07-Sep-2017 , 08:36:19 am | Posted By CASANSAAR
As many as six lakh more businesses have filed returns and paid taxes in last one week, taking maiden revenue collections from GST to about Rs 94,700 crore.
Finance Minister Arun Jaitley had last week stated that 38.38 lakh businesses had filed their returns and paid Rs 92,283 crore in taxes for ...
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GST |
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List Of Disqualified Directors U/S 164(2) (A)
Posted Date : 07-Sep-2017 , 08:23:53 am | Posted By CASANSAAR
List Of Disqualified Directors U/S 164(2) (A)
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernakulam
RoC Goa
RoC Gwalior
...
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Category :
Companies Act |
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List Of Directors Associated With Struck Off Companies U/S 248
Posted Date : 07-Sep-2017 , 08:22:30 am | Posted By CASANSAAR
List Of Directors Associated With Struck Off Companies U/S 248
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernakulam
RoC Goa
...
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Category :
Companies Act |
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List Of Companies Struck-Off By RoCs (STK-7) U/S 248(5) – CA,13
Posted Date : 06-Sep-2017 , 09:50:52 pm | Posted By CASANSAAR
List Of Companies Struck-Off By RoCs (STK-7) U/S 248(5) – CA,13
Please click on the desired RoC to view the notices issued in that location.
RoC Ahmedabad
RoC Bangalore
RoC Chandigarh
RoC Chennai
RoC Chhattisgarh
RoC Coimbatore
RoC Cuttack
RoC Delhi
RoC Ernak...
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Category :
Companies Act |
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Shell companies' directors siphoning off funds may face up to 10-year jail
Posted Date : 06-Sep-2017 , 11:46:47 am | Posted By CASANSAAR
The government today said directors or authorised signatories of deregistered companies who try to siphon off money from the firms' bank accounts can face up to 10 years imprisonment.
Besides, the directors of shell companies that have not filed their returns for three or more years wou...
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Category :
Corporate Law |
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0 | Hits : 1716
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Govt blocks bank accounts of 200,000 dormant companies
Posted Date : 06-Sep-2017 , 10:16:07 pm | Posted By CASANSAAR
The finance ministry on Tuesday restricted directors of around 200,000 dormant companies struck off official records from accessing their firms’ bank accounts.
The move is a precautionary measure aimed at preventing misuse of the bank accounts, said a finance ministry official who spoke on ...
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Corporate Law |
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0 | Hits : 899
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GSTR Due dates for July & August month has been extended
Posted Date : 04-Sep-2017 , 09:52:13 am | Posted By CASANSAAR
GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of July to 10th, 25th and 30th September 2017 respectively.
GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of August to 5th, 10th and 15th October 2017 respectively.
Tweet by GST@GOI
...
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GST |
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SEBI weighs barring auditors if audit fails to give a true picture
Posted Date : 04-Sep-2017 , 08:40:43 am | Posted By CASANSAAR
A Securities and Exchange Board of India (Sebi) panel on corporate governance is considering whether an auditor should be barred from scrutinizing the books of listed companies if an audit is ineffective and fails to spot financial discrepancies.
It’s the first time the regulator is conside...
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SEBI |
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CA Piyush Goyal takes place of CA Suresh Prabhu
Posted Date : 04-Sep-2017 , 08:38:03 am | Posted By CASANSAAR
One chartered accountant by profession, Piyush Goyal, has replaced another, Suresh Prabhu, in the Rail Bhawan. The country, however, hopes the days of finance-centric administration of the Railways will be over and the new man will strike a balance between operations, finance and infrastructure.
...
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CA |
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0 | Hits : 1307
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Govt keeping an eye on GST implementation regularly
Posted Date : 04-Sep-2017 , 08:28:04 am | Posted By CASANSAAR
The government is monitoring implementation of the Goods and Services Tax (GST) regularly and teething issues are being resolved immediately, Minister of State for Finance Arjun Ram Meghwal said today.
Some technical issues with regard to tax payment have come to light and GST Network (GSTN) was ...
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GST |
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0 | Hits : 805
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Seeking bank employees' personal info exempted under RTI - SC
Posted Date : 04-Sep-2017 , 08:26:12 am | Posted By CASANSAAR
The Supreme Court has held that seeking information about individual bank employees which were personal in nature and devoid of any public interest, was exempted under the Right to Information (RTI) Act.
The court made the observation while allowing an appeal filed by Canara Bank challenging an o...
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Category :
General |
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0 | Hits : 812
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Country's foreign exchange reserves swells to life high of USD 394.55 billion
Posted Date : 02-Sep-2017 , 02:02:47 am | Posted By CASANSAAR
The country's foreign exchange reserves swelled by USD 1.148 billion to a new lifetime high of USD 394.55 billion for the week ended August 25 on the back of a healthy rise in core currency assets.
RBI data showed the foreign currency assets (FCAs), a major component of the overal...
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Finance |
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0 | Hits : 925
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PM asks taxmen to be friendly to honest taxpayers
Posted Date : 01-Sep-2017 , 09:42:29 pm | Posted By CASANSAAR
Prime Minister Narendra Modi on Friday asked tax officials to be friendly to honest taxpayers as part of his efforts to end the fear of the taxman and make India a more tax compliant society.
Inaugurating the second edition of 'Rajaswa Gyan Sangam' -- the joint conference of direct and an...
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Category :
Income Tax |
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0 | Hits : 773
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Rajiv Mehrishi to be next CAG; Sunil Arora as next Election Commissioner
Posted Date : 01-Sep-2017 , 09:07:45 am | Posted By CASANSAAR
Former home secretary Rajiv Mehrishi is to be the next Comptroller and Auditor General (CAG) of India.
He will replace the present incumbent Shashi Kant Sharma who completes his term on 30th of this month. Mehrishi has emerged as the top choice for the post. A formal order on this is expected soo...
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Category :
General |
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0 | Hits : 882
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CBDT Extends Due Date of Tax Audit from 30th Sept to 31st Oct.2017
Posted Date : 31-Aug-2017 , 09:06:55 am | Posted By CASANSAAR
Due-date for filing Income Tax Returns & various reports of audit prescribed under the IT Act,1961 has been extended to October 31, 2017.
...
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Tax Audit |
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Deadline for linking Aadhaar, PAN by ITR filers extended to December 31
Posted Date : 31-Aug-2017 , 07:12:09 am | Posted By CASANSAAR
NEW DELHI: There is good news for taxpayers as the income tax department has extended the deadline to link PAN with Aadhaar by 4 months to December 31. The department had earlier said that tax returns filed without linking of Aadhaar and PAN would not be taken up for processing unless the two were l...
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Category :
Finance |
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