ICAI to brainstorm on July 24 after PM’s criticism
Posted Date : 24-Jul-2017 , 08:07:07 am | Posted By CASANSAAR
Taking Prime Minister Narendra Modi’s tough talk in right earnest, ICAI will on Monday discuss the way forward on crucial issues, including improving the disciplinary mechanism and steps needed to create a ‘Big Four’ network out of India.
On July 1, while addressing a gathering ...
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ICAI |
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GST - Mobile vans to educate traders about GST
Posted Date : 24-Jul-2017 , 07:56:49 am | Posted By CASANSAAR
Delhi government will be launching six mobile vans on Monday to tour the city's markets and attempt to help traders with issues related to GST.
The decision to start the vans was announced by deputy chief minister Manish Sisodia about 10 days back after he received feedback that several small...
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GST |
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Income Tax department detects Rs 19000 crore black money in ICIJ, HSBC cases
Posted Date : 22-Jul-2017 , 05:19:52 pm | Posted By CASANSAAR
The Income Tax department has detected over Rs 19,000 crore in black money following investigations into global leaks including HSBC account holders in Switzerland, the government said today.
Finance Minister Arun Jaitley said investigations into information, put into public domain by the I...
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Income Tax |
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Government draws up checklists for GST Audits
Posted Date : 21-Jul-2017 , 06:18:26 am | Posted By CASANSAAR
The Centre has created a detailed road map for goods and services tax (GST) audits barely 20 days after the levy’s rollout, listing risks, target industries and even potential auditees for officials examining corporate India’s transition to the new regime.
In the past ...
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GST |
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Cabinet approves Integrated Goods and Services Tax (Amendment) Bill, 2017
Posted Date : 19-Jul-2017 , 10:53:41 pm | Posted By CASANSAAR
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Integrated Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Integrated Goods and Services Tax (Amendment) B...
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GST |
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Cabinet approves Central Goods and Services Tax (Amendment) Bill, 2017
Posted Date : 19-Jul-2017 , 10:51:45 pm | Posted By CASANSAAR
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2...
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GST |
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GST win-win deal for all - Finance Minister
Posted Date : 19-Jul-2017 , 05:15:25 pm | Posted By CASANSAAR
Finance Minister Arun Jaitley today described the Goods and Services Tax (GST) as a "win- win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.
Pitching the GST as a measure beneficial for the country at a meeting of the BJP parli...
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GST |
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Pass Percentage & Toppers of CA CPT June 2017 Exam
Posted Date : 18-Jul-2017 , 12:56:03 pm | Posted By CASANSAAR
The result of the Common Proficiency Test held in JUNE 2017 was declared recently.
The details of percentage of candidates passed in the above said
examinations are given below:
...
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CA Results |
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Pass Percentage & Toppers of CA Final May 17 Exams
Posted Date : 18-Jul-2017 , 12:22:13 pm | Posted By CASANSAAR
The Result of Chartered Accountants Final Examination has been declared.
www.casansaar.com
The Details of Percentage of candidates passed in the above said examinations are given below.
No. of Candidates
Passed Candidates
Pass %
...
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CA Results |
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Good Luck - CA Final, ISA & CPT Exams Result expected today at 2 pm
Posted Date : 18-Jul-2017 , 11:08:54 am | Posted By CASANSAAR
The results of Chartered Accountants in India (ICAI) will be declared today on official exam results website icaiexam.icai.org at around 2 pm.
The Institute of Chartered Accountants in India (ICAI) will declare results for CA Final (May 2017) and CPT (June 2017).
The institute will also publis...
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CA Results |
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Supreme Court to hear out RBI objection to information under RTI
Posted Date : 18-Jul-2017 , 11:02:40 am | Posted By CASANSAAR
The Reserve Bank of India on Monday told the Supreme Court that a host of laws mandate the banking regulator to maintain secrecy on borrowings and borrowers — information that cannot be revealed to all and sundry under RTI, the 2005 transparency law.
This prompted the apex court to sa...
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RBI |
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GST - Increase in the Compensation Cess rate on cigarettes
Posted Date : 18-Jul-2017 , 10:54:16 am | Posted By CASANSAAR
In pursuance of the recommendations of the GST Council in its 14th Meeting held on 18.05.2017 and 19.05.2017, the Compensation Cess rates under Section 8 (2) of the Goods and Services Tax (Compensation to States) Act, 2017, was notified vide notification No.1/2017-Compensation Cess (Rate), date...
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GST |
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GST - Growing Stronger Together
Posted Date : 17-Jul-2017 , 04:50:22 pm | Posted By CASANSAAR
Prime Minister Narendra Modi today hoped the "growing stronger together" spirit of GST will bring enthusiasm to Parliament proceedings and that political parties will engage in high standard of debate and provide value addition during the Monsoon session.
Terming the start of the sessio...
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GST |
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0 | Hits : 878
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Income Tax dept transfers 245 commissioners for non performance
Posted Date : 17-Jul-2017 , 08:17:35 am | Posted By CASANSAAR
In one of the biggest reshuffles of income tax commissioners so far, the Central Board of Direct Taxes (CBDT) has transferred 245 commissioners across the country. While performance was one of the main criteria for transferring officials in key positions and shifting out non-performers from signific...
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Income Tax |
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GST Council meet today to take stock of implementation
Posted Date : 17-Jul-2017 , 08:12:49 am | Posted By CASANSAAR
Two weeks into the new levy, the Goods and Services Tax Council will meet on Monday to review its implementation.
“The 19th meeting of GST Council under the chairmanship of Finance Minister Arun Jaitley will be on Monday,” said the Finance Ministry.
However, this meeting will be he...
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GST |
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Jan Dhan deposits surge to Rs 64,564 crore
Posted Date : 17-Jul-2017 , 07:51:26 am | Posted By CASANSAAR
Deposits in Jan Dhan accounts have touched a new high of Rs 64,564 crore, of which over Rs 300 crore came in the first seven months of demonetisation, according to government data.
The Pradhan Mantri Jan-Dhan Yojana (PMJDY), Prime Minister Narendra Modi's pet scheme, aims at bringing hitherto...
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Banking |
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Cost Accountants give undertaking to HC on use of ICAI acronym
Posted Date : 16-Jul-2017 , 08:37:32 pm | Posted By CASANSAAR
The Institute of Cost Accountants of India has given an undertaking to the Madras High Court that it will consider changing its acronym from 'ICAI' to 'ICOAI', and submit the compliance report before it on August 21 after a meeting of the body next month.
When a petition by V Venk...
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ICAI |
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Govt asks businesses to register under GST by July 30
Posted Date : 16-Jul-2017 , 08:22:21 pm | Posted By CASANSAAR
The government on Saturday asked traders to get registered under the Goods and Services Tax (GST) regime by 30 July.
Traders with turnover of below Rs20 lakh or those engaged exclusively in the supply of exempted goods or services need not register under the new tax regime that kicked in from 1 J...
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GST |
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Businesses can upload sale, purchase invoices on GSTN portal from July 24
Posted Date : 16-Jul-2017 , 08:18:35 pm | Posted By CASANSAAR
Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal from July 24, a top company official said today.
The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for new tax regime, has ...
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GST |
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No action against lawyers, law firms for GST non-compliance - Delhi HC
Posted Date : 15-Jul-2017 , 07:03:02 am | Posted By CASANSAAR
The Delhi High Court has directed the Centre not to take any coercive steps against lawyers and law firms for not registering or complying with the Central Goods and Services Tax (CGST) Act, Integrated Goods and Services Tax (IGST) Act or the Delhi Goods and Services Tax (DGST) Act, till a clarifica...
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GST |
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Taxpayers have to opt for GST composition scheme by July 21
Posted Date : 15-Jul-2017 , 06:51:30 am | Posted By CASANSAAR
Small businesses with turnover of up to Rs 75 lakh have time till July 21 to opt for composition scheme under the Goods and Services Tax regime, GST Network said..
To opt for composition scheme, the taxpayer needs to log into his account at the GST Portal www.gst.gov.in and select 'Applicatio...
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GST |
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IT Dept seeks explanation from 5.56 lakh more taxpayers for demonetisation deposits
Posted Date : 14-Jul-2017 , 05:10:52 pm | Posted By CASANSAAR
The Income Tax Department has, in the second phase of Operation Clean Money (OCM), identified 5.56 lakh people whose deposits during the demonetisation window do not match their income profile.
"These are persons whose tax profiles were found to be inconsistent with the cash deposits made by...
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Income Tax |
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Non-executive chairman can be part of bank's audit committee - RBI
Posted Date : 14-Jul-2017 , 07:38:40 am | Posted By CASANSAAR
Reserve Bank said the non-executive chairman of a bank can also be nominated to the audit committee of board of directors.
Earlier, any one of the non-executive/non-official directors was supposed to chair the audit committee of the board of the directors of a public sector bank.
I...
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RBI |
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No GST on housing society RWA with Rs 5K/month subscription
Posted Date : 14-Jul-2017 , 07:31:59 am | Posted By CASANSAAR
Services provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime, the finance ministry said today.
Resident welfare association will be required to pay GST on monthly subscription/contribution charged from its members if s...
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GST |
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Services by educational institution to students, faculty and staff are exempt from GST
Posted Date : 13-Jul-2017 , 10:39:02 pm | Posted By CASANSAAR
No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation;
Services provided by an educational institution to students, faculty and staff are fully exempt from GST.
There are some reports th...
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GST |
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0 | Hits : 1288
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GST - No Reverse Charge on Sale of old jewellery by an individual to a jeweller
Posted Date : 13-Jul-2017 , 10:17:47 pm | Posted By CASANSAAR
Further clarification on tax in reverse charge on gold ornaments;
Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases;
However, if an unregistered supplier of gold ornaments sells it to registered ...
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GST |
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0 | Hits : 1168
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Sensex breaches 32,000 mark for first time
Posted Date : 13-Jul-2017 , 10:04:57 pm | Posted By CASANSAAR
The Sensex at the Bombay Stock Exchange breached the 32,000 mark for the first time ever in morning trade.
Later, the Sensex remained strong, and had surged 236 points, or 0.7 percent, to 32,041 a short while ago.
The Nifty at the the National Stock Exchange also touched a new intr...
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Shares & Stock |
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Rs 3.5 crore cash, 5 kg gold recovered from Income Tax official
Posted Date : 13-Jul-2017 , 07:12:29 am | Posted By CASANSAAR
The CBI recovered Rs 3.5 crore cash and 5 kg gold during searches at the Kolkata residence of Jharkhand's Principal Commissioner of Income Tax in connection with a corruption case, the agency said.
The recoveries were made during simultaneous searches launched by the agency in the morning at ...
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Income Tax |
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0 | Hits : 1146
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Bombay High Court dismisses plea on GST
Posted Date : 12-Jul-2017 , 09:30:13 am | Posted By CASANSAAR
The Bombay High Court on Tuesday dismissed a public interest litigation seeking deferring the implementation of the Goods and Services Tax (GST) till the beginning of the next financial year.
The petition, filed by retired professor K S Pillai, had challenged the Union government’s decision...
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GST |
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0 | Hits : 901
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SEBI amends guidelines for foreign investors looking to operate at IFSC
Posted Date : 12-Jul-2017 , 09:11:43 am | Posted By CASANSAAR
Markets regulator sebi has amended the guidelines for eligible foreign investors looking to operate at the International Financial Services Centre, IFSC.
According to the new guidelines, a trading member of a stock exchange in the IFSC can now carry out the due diligence for an eligible foreign i...
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SEBI |
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