Login  |  Register  |  Forgot Password 
Below Login Ad

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

Patanjali Group firms under DGGI scanner for non-payment of GST, fake ITC
Posted Date : 01-May-2024 , 09:56:52 am | Posted By CASANSAAR

Fresh troubles seem to be in the offing for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is understood to have issued 2 show-cause notices to Patanjali Group companies — Patanjali Ayurved and Patanjali Foods. According to sources, "DGGI ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 4332

NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
Posted Date : 28-Apr-2024 , 12:37:01 pm | Posted By CASANSAAR

NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj, Chartered Accountants, Mumbai (Firm of Active Central Council Member of ICAI) & Rs 50 Lakhs and 10 Lakh on CA Piyush Patni (Engagement Partner) & CA Pawan Kumar Gupta (Engagement Quality control Review Partner) respecti...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 2537

ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
Posted Date : 27-Apr-2024 , 09:43:20 am | Posted By CASANSAAR

The CA Institute has proceeded and notified its revised exam dates (announced on March 19) for the intermediate course examination and final examination despite a pending Supreme Court hearing slated for April 29 on postponement plea filed by some CA Students.  An ICAI notification—gaz...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 9896

NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
Posted Date : 27-Apr-2024 , 09:39:40 am | Posted By CASANSAAR

The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22. While the audit firm, M/s PCN & Associates, has been pro...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 2421

GST Important Update - Enhancement in the GST Portal
Posted Date : 27-Apr-2024 , 09:26:42 am | Posted By CASANSAAR

Dear Taxpayers, 1.  GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2.  Key Enhancements Inclu...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1581

NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
Posted Date : 26-Apr-2024 , 09:41:47 pm | Posted By CASANSAAR

The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 5 lakh on an audit firm for professional misconduct and other lapses in the audit of Vikas WSP Ltd for FY20. Vikas WSP Ltd is a BSE- and NSE-listed company. The order came after NFRA received information from the Securi...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 1921

CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
Posted Date : 25-Apr-2024 , 12:40:03 pm | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT), has issued Circular No. ­­­07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the ‘Act’) upto 30th June, 2024. CBDT had earlier extended the due date for fi...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1747

RBI comes out with FEMA regulations for direct listing on international exchange
Posted Date : 25-Apr-2024 , 09:57:44 am | Posted By CASANSAAR

Listing of an Indian company on international stock exchanges got a push with the Reserve Bank of India (RBI) coming out with regulations under Foreign Exchange Management (FEMA). Experts believe new regulations will help companies utilise foreign exchange more effectively. Regulations have been ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 1859

RBI directs payment firms to track high-value, fishy transactions during elections
Posted Date : 23-Apr-2024 , 08:19:47 am | Posted By CASANSAAR

The Lok Sabha elections 2024 are in full swing with electioneering adding much colour to the entire process. However, to ensure that there is no wrongdoing, the Reserve Bank of India (RBI) has sent a missive to Payment System Operators (PSOs) asking them to keep a watch on all suspicious high-value ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 5224

NCLT orders insolvency proceedings against Subhash Chandra
Posted Date : 23-Apr-2024 , 08:07:10 am | Posted By CASANSAAR

  The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance. A two-member Delhi bench of the NCLT directed initiation of personal insolvency proceedings against Zee Entertainment En...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 1838

Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
Posted Date : 22-Apr-2024 , 07:51:53 am | Posted By CASANSAAR

As many as 5,44,205 appeals were pending resolution with the Income Tax (IT) Department at commissioner (appeals) level as of January 31 this year, and 63,246 at various Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court, FE has learnt. To be precise, the cases pending in ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1991

SC issues notices on plea challenging anti-profiteering provisions
Posted Date : 20-Apr-2024 , 06:47:11 am | Posted By CASANSAAR

The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition ch...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1868

SC upholds CESTAT order for Service Tax on Patanjali Trust
Posted Date : 20-Apr-2024 , 06:40:13 am | Posted By CASANSAAR

In a setback to the Patanjali Yogpeeth Trust, the Supreme Court on Friday upheld an appellate tribunal’s ruling that the organisation is liable to pay service tax for charging an entry fee for organising Yoga camps, both residential and non-residential. A bench of Justices Abhay S Oka and U...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 1610

Malabar Parota to attract 5% GST and not 18%, rules Kerala HC
Posted Date : 18-Apr-2024 , 11:18:55 am | Posted By CASANSAAR

The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance R...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2496

RBI Issues Draft Guidelines on Payment Aggregators
Posted Date : 18-Apr-2024 , 11:05:18 am | Posted By CASANSAAR

he Reserve Bank on Tuesday came out with draft guidelines to further strengthen regulations on payment aggregators, a move aimed at boosting the payment ecosystem. The draft also covers the physical point-of-sale activities of payment aggregators (PAs). The RBI said that given the growth in di...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 2147

RBI eases rules on hedging of gold price risk in overseas markets
Posted Date : 16-Apr-2024 , 01:54:54 am | Posted By CASANSAAR

The RBI on Monday eased rules to allow resident entities to hedge their exposures to the price risk of gold using the OTC derivatives in the International Financial Services Centre (IFSC) in addition to the derivatives on the exchanges in the IFSC. Resident entities such as banks were permitted t...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 2759

NFRA acts against Joint Auditor of Reliance Capital
Posted Date : 15-Apr-2024 , 08:17:27 am | Posted By CASANSAAR

National Financial Reporting Authority (NFRA), the regulator for auditors and audit firms for listed and large companies, has acted against Pathak HD & Associates - the joint auditor for Reliance Capital, then an Anil Ambani group company - and its two auditors for multiple failures flagged by t...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 2070

Businessman arrested in Rs.15,000 Cr GST fraud case, Claimed ITC through 35 fake Companies
Posted Date : 13-Apr-2024 , 08:40:47 am | Posted By CASANSAAR

A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed th...

Continue Reading...

Category : GST | Comments : 0 | Hits : 4121

Supreme Court upholds NCLAT order against Errant Auditors
Posted Date : 12-Apr-2024 , 12:01:28 pm | Posted By CASANSAAR

In a boost to the National Financial Reporting Authority (NFRA), the regulator for auditors and audit firms dealing with large and listed companies, the Supreme Court has upheld an order by the National Company Law Appellate Tribunal (NCLAT) related to disciplinary action against errant auditors. ...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 4260

Govt extends implementation of special registration, return filing for pan masala, gutkha companies
Posted Date : 12-Apr-2024 , 07:56:31 am | Posted By CASANSAAR

The government has extended the deadline for implementation of special procedure for registration and monthly return filing of manufacturers of pan masala, gutkha and similar tobacco products till May 15. Earlier in January, the Central Board of Indirect Taxes and Customs (CBIC) had announced the...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1508

CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims
Posted Date : 10-Apr-2024 , 08:02:32 am | Posted By CASANSAAR

Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data. In such cases, the Department has alerted the taxpayers to enable them to take corr...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 3931

SEBI orders youtuber who gives stock market training to pay Rs.12 Cr
Posted Date : 08-Apr-2024 , 07:45:43 am | Posted By CASANSAAR

A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawfully. The funds are to be credited or deposited by Ravindra Balu Bharti into an interest-bearing ...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 3159

Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
Posted Date : 06-Apr-2024 , 08:59:31 am | Posted By CASANSAAR

  The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1734

NSE to launch four new indices in capital markets from April 8
Posted Date : 04-Apr-2024 , 06:44:34 am | Posted By CASANSAAR

NSE will introduce four indices from April 8 in both the cash and derivatives segments. These include Nifty Tata Group 25 per cent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare. Nifty Tata Group 25 per cent Cap I...

Continue Reading...

Category : Shares & Stock | Comments : 0 | Hits : 3228

GSTN Advisory for Self Enablement For e-Invoicing
Posted Date : 04-Apr-2024 , 06:35:54 am | Posted By CASANSAAR

1.   If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards 2.   For those who meet the notification criteria but have not yet been enabled on the po...

Continue Reading...

Category : GST | Comments : 0 | Hits : 3926

March 24 GST collection grows 11.5% to Rs 1.78 trillion - FinMin
Posted Date : 01-Apr-2024 , 08:05:45 pm | Posted By CASANSAAR

The Gross Goods and Services Tax (GST) collection in March registered a 11.5 per cent year-on-year growth at Rs 1.78 trillion, the Finance Ministry informed on Monday.  Driven by significant increase in tax collections from domestic transactions, it was the second-highest GST collection ever...

Continue Reading...

Category : GST | Comments : 0 | Hits : 3671

Clarification regarding applicability of new tax regime and old tax regime
Posted Date : 01-Apr-2024 , 08:00:53 pm | Posted By CASANSAAR

It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A) was introduced in the Finance Act 2023 which was as under as compared to the existing old regime (without...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 3848

HUL's Cost Auditor Steps Down Due To Conflict Of Interest
Posted Date : 29-Mar-2024 , 08:24:18 am | Posted By CASANSAAR

Hindustan Unilever Ltd. has announced that its cost auditor has been disqualified from continuing amid a conflict of interest.  The decision was made after it was discovered that Rasesh Vipin Chokshi, who is a partner at the firm R.A. & Co., was holding shares in the company.  Ac...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 984

CBI books 3 GST officials for demanding Rs 22 lakh bribe
Posted Date : 27-Mar-2024 , 04:12:07 pm | Posted By CASANSAAR

The CBI has booked two superintendents of central GST along with another official for allegedly demanding a sum of Rs 22 lakh from a bullion trader to settle a dispute. The accused individuals have been identified as Satish Sharma and Ankur Godyan, both serving as superintendents of central GST a...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1546

CBDT allows I-T dept to file appeals irrespective of monetary threshold, includes TDS disputes
Posted Date : 23-Mar-2024 , 09:02:23 am | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has said the Income Tax department can file appeals irrespective of monetary threshold in cases relating to TDS/TCS, undisclosed foreign income, or information received from investigating agencies like ED and GST Intelligence. As per the present rules, tax...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1698

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.