Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786)

GST Advisory on IMS on Supplier View
Posted Date : 13-Nov-2024 , 12:46:31 pm | Posted By CASANSAAR

Advisory on IMS on Supplier View Nov 13th, 2024 1.  Invoice Management System (IMS) has been made available on the GST Portal from 14th October, 2024 wherein the recipient taxpayer can accept, reject or keep the invoices pending which are saved/filed by their suppliers in their respe...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1640

GST Advisory regarding IMS during initial phase of its implementation
Posted Date : 12-Nov-2024 , 07:38:54 pm | Posted By CASANSAAR

Advisory regarding IMS during initial phase of its implementation Nov 12th, 2024 Invoice Management System (IMS) is an optional facility introduced from October 2024 on GST Portal, on which the invoices/records saved/furnished by the supplier in GSTR-1/1A/IFF, can be accepted, rejected or kept...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1835

RBI issues framework for reclassification of FPI to FDI
Posted Date : 12-Nov-2024 , 11:35:49 am | Posted By CASANSAAR

The Reserve Bank of India on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor to foreign direct investment (FDI) if the entity breaches the prescribed limit. Markets regulator Sebi too has issued a circular on procedure for reclassificati...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 771

NFRA likely to propose Audit Norms for LLPs Board Meeting
Posted Date : 11-Nov-2024 , 11:21:18 am | Posted By CASANSAAR

The National Financial Reporting Authority (NFRA) has called a meeting of its board members on November 25 to discuss the audit standards for limited liability partnerships (LLPs), according to official sources.   The meeting will be attended by representatives of the Institute of Chartered A...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 1452

GST ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A
Posted Date : 08-Nov-2024 , 07:04:28 pm | Posted By CASANSAAR

ADVISORY FOR WAIVER SCHEME UNDER SECTION 128A Nov 8th, 2024 For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting held on 22nd June, 2024 had recommended for waiver of interest and penalties in the demand notices or orders issued under Sectio...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1485

CBDT allows tax officials to waive or reduce interest due from assessee
Posted Date : 06-Nov-2024 , 09:59:54 pm | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has permitted tax officers to waive or reduce the interest payable on tax payments by assessees, subject to specific conditions, an official release said. As per a circular, dated November 4, a Principal Chief Commissioner of Income Tax (PrCCIT) can decide...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1440

GST Advisory for Form GST DRC-03A
Posted Date : 06-Nov-2024 , 06:32:17 pm | Posted By CASANSAAR

Advisory for Form GST DRC-03A Nov 5th, 2024 1. It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal. This led to a situation whe...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1612

Time Limit for Reporting e-Invoice on the IRP Portal
Posted Date : 05-Nov-2024 , 09:22:11 pm | Posted By CASANSAAR

Advisory: Time Limit for Reporting e-Invoice on the IRP Portal – Lowering of Threshold to AATO 10 Crores and Above Nov 5th, 2024 Dear Taxpayers, 1. With reference to the earlier advisory dated 13th September 2023 (https://einvoice.gst.gov.in/einvoice/newsandupdates/read-602), where ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1661

Tax Authorities uncover massive GST Fraud worth Rs 25,000 Cr
Posted Date : 05-Nov-2024 , 09:21:39 pm | Posted By CASANSAAR

Tax officers have detected about 18,000 fake companies registered under GST which have been involved in tax evasion of about Rs 25,000 crore, an official said. In a sweeping nationwide investigation, Indian tax enforcement officials have identified approximately 18,000 fictitious companies that o...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1352

Government invites applications for RBI Deputy Governor
Posted Date : 04-Nov-2024 , 09:12:01 pm | Posted By CASANSAAR

The Centre has invited applications for the post of a deputy governor by November 30 to succeed Michael Patra at the Reserve Bank of India (RBI). Patra's extended term ends in January. Applicants need to have at least 25 years of work experience in public administration or similar years of ex...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1389

NFRA board to meet next week - Adoption of new audit rules on agenda
Posted Date : 04-Nov-2024 , 09:10:55 pm | Posted By CASANSAAR

The next board meeting of the National Financial Reporting Authority (NFRA) will be held on November 11-12.   The meeting assumes significance since NFRA is expected to push for the adoption of the revised International Standards on Auditing (ISA 600) having gone through the process of inviti...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 1388

Income Tax dept receives 6,500 suggestions on income tax act review
Posted Date : 05-Nov-2024 , 08:24:41 am | Posted By CASANSAAR

The income tax department has received 6,500 suggestions from stakeholders over the past month on review of the Income Tax Act. Finance Minister Nirmala Sitharaman on Monday chaired a meeting on the Budget announcement of a comprehensive review of the Income Tax Act, 1961. The meeting was attende...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 895

Ujjivan Small Finance Bank to apply for universal licence this fiscal - MD
Posted Date : 04-Nov-2024 , 07:39:36 am | Posted By CASANSAAR

Ujjivan Small Finance Bank aims to secure a universal banking license by March 2025. The bank is focusing on building a diverse business mix and strengthening its secured loan portfolio. Efforts include expanding product lines and improving digital and IT infrastructure to address RBI requirements. ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 907

SEBI Proposes Rs 1 CR minimum investment, Demat form for Securitisation
Posted Date : 04-Nov-2024 , 07:30:09 am | Posted By CASANSAAR

Markets regulator Sebi has proposed a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation activities. The proposal also introduced limitations on the number of investors in private placements, allowing secu...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 1605

GST records second highest collection at Rs. 1.87 lakh Cr in October 2024
Posted Date : 02-Nov-2024 , 08:52:16 am | Posted By CASANSAAR

Gross Goods and Services Tax (GST) collection in October rose 9 percent to over 1.87 lakh crore, the second-highest ever, mainly due to rise in domestic sales and improved compliance.  The Central GST collection stood at 33,821 crore rupees, State GST at 41,864 crore rupees, Integrated IGST ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1493

CBI files charge sheet against principal commissioner of Income Tax in bribery case
Posted Date : 30-Oct-2024 , 09:14:36 am | Posted By CASANSAAR

The CBI has filed a charge sheet against a principal commissioner of Income Tax of Patna and four other people in connection with alleged bribery of Rs 10 lakh, officials said on Tuesday. The agency has booked Santosh Kumar and four middlemen and conduits on allegations that they were receiving b...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1387

Barring of GST Return on expiry of three years - GSTN
Posted Date : 29-Oct-2024 , 01:06:46 pm | Posted By CASANSAAR

 Barring of GST Return on expiry of three years Oct 29th, 2024 As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1574

Top Auditors, Consultants back NFRA's tighter group Audit Norms; Notification Soon
Posted Date : 28-Oct-2024 , 11:19:40 am | Posted By CASANSAAR

The National Financial Reporting Authority's (NFRA) board will soon consider enforcing tighter norms for statutory audits of conglomerates, two people aware of the development said, a move that has received support from some of the top audit and consulting firms. The period for receiving publ...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 1483

Indians lost Rs 120 Cr in digital arrest frauds in January-April 2024
Posted Date : 28-Oct-2024 , 11:17:40 am | Posted By CASANSAAR

INDIANS LOST Rs 120.30 crore in “digital arrest” frauds, which was highlighted by Prime Minister Narendra Modi Sunday, in the first quarter of this year alone, government cybercrime data shows. According to the Ministry of Home Affairs (MHA), which monitors cybercrime at the central l...

Continue Reading...

Category : General | Comments : 0 | Hits : 1787

Fake Company in Auto Driver
Posted Date : 26-Oct-2024 , 11:34:42 am | Posted By CASANSAAR

Probing into a fake Pune based company registered in the name of an auto rickshaw driver, officials of the Directorate of GST Intelligence (DGGI) have unearthed a major fake GST firm scam to the tune of Rs 5,000 crores to Rs 8,000 crores. Rushi Prakash (39), an officer at DGGI, Pune Zonal Unit, l...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2064

Extension of Due Date for furnishing Return of Income for A.Y. 2024-25.
Posted Date : 26-Oct-2024 , 12:04:57 pm | Posted By CASANSAAR

CBDT Extends Due Date for furnishing Return of Income for Assessment Year 2024-25. The due date for assessees under clause (a) of Explanation 2 to Sub Section (1) of Section 139 has been extended from October 31, 2024, to November 15, 2024. Circular No. 13/2024 dated 26.10.2024 issued. ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 3136

SEBI seeks public feedback on criteria to designate specified digital platforms
Posted Date : 23-Oct-2024 , 08:29:28 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) On Tuesday issued a draft circular inviting public feedback on the criteria for recognizing digital platforms as Specified Digital Platforms (SDPs). According to Sebi, the recognition of these platforms is crucial to ensure they do not enable ille...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 1934

RBI adds 13 more entities in 'Alert List' of unauthorised forex trading
Posted Date : 23-Oct-2024 , 08:25:15 am | Posted By CASANSAAR

The Reserve Bank on Tuesday updated the 'Alert List' of unauthorised forex trading platforms by adding 13 more entities, including TDFX and Inefex, taking the total to 88. The Alert List contains names of entities which are neither authorised to deal in forex under the Foreign Exchange Ma...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 2126

GST Advisory - Reg 07
Posted Date : 22-Oct-2024 , 07:00:15 pm | Posted By CASANSAAR

Advisory - Reg 07 Oct 22nd, 2024 Dear Taxpayer, GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07. This update follows the new GST provisions for metal scrap buyers as outlined in the advisory issued on October 13. Tax...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2155

Validation of bank account details while adding bank account as Non Core amendment
Posted Date : 22-Oct-2024 , 06:58:51 pm | Posted By CASANSAAR

Attention: Validation of bank account details while adding bank account as Non Core amendment Oct 22nd, 2024 Dear Taxpayer, GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details. Taxpayers are requested to follow the ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2213

NFRA Imposes Rs. 5 Lakh Penalty on UIL Auditor for Professional Misconduct
Posted Date : 22-Oct-2024 , 01:41:01 pm | Posted By CASANSAAR

The CBI had registered an FIR back in 2022 alleging large-scale bank fraud involving UIL, based on a complaint from the State Bank of India. The EP was charged with failure to discharge his responsibilities relating to fraud as laid down in SA 240, reporting obligations under Section 143(12) of t...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 1760

FinMin approves 64 new CGM posts in Public Sector Banks
Posted Date : 22-Oct-2024 , 01:29:08 pm | Posted By CASANSAAR

To step up oversight given the substantial business growth, finance minister Nirmala Sitharaman has approved an increase in the number of chief general manager (CGM) posts in nationalised banks to 144 from 80. Accordingly, the number of general manager (GM) posts has been revised from 440 to 576,...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 2235

ICAI Election 2024 - Exercising the Option for Any Where Voting
Posted Date : 19-Oct-2024 , 08:25:17 pm | Posted By CASANSAAR

Election Cell The Institute of Chartered Accountants of India 17th October 2024 Election - 2024 Exercising the Option for Any Where Voting   We are pleased to inform that the Member whose name is borne on the Register on 1st day of April 2024 and is entitled to Vote by Poll, the option ...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 2164

Attention
Posted Date : 18-Oct-2024 , 07:33:19 pm | Posted By CASANSAAR

Attention – Hard - Locking of auto-populated liability in GSTR-3B Oct 17th, 2024 1.  In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously improving the GST return filing process and in this endeavor the GST Portal now provides a ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2366

CBDT issues Form 12BAA to tell employer about other taxes paid by you
Posted Date : 17-Oct-2024 , 07:49:33 am | Posted By CASANSAAR

To implement the Budget 2024 announcement regarding the adjustment of TDS and TCS from other sources against salary TDS, the Central Board of Direct Taxes (CBDT) has issued a new form called Form 12BAA. This form will be utilized by employees to report to their employers the tax deductions from s...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 2131

News By Categories

More Categories

Search News

 
 
 

Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Privacy Policy

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.