RBI announces steps to inject liquidity in banking system
Posted Date : 27-Jan-2025 , 07:40:58 pm | Posted By CASANSAAR
MUMBAI: The Reserve Bank of India on Monday said it will purchase government securities worth Rs 60,000 crore in three tranches and announced several other steps to inject liquidity into the banking system.
As part of measures to manage liquidity conditions, the central bank also announced a ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 363
|
 |
SBI General Insurance Posts an Impressive 273% PAT Growth in 9M FY25
Posted Date : 27-Jan-2025 , 07:38:22 pm | Posted By CASANSAAR
PAT grew by 273% to INR 504 Cr
Growth was driven by Motor, Health, and Engineering line of Businesses
MUMBAI, India, Jan. 27, 2025 /PRNewswire/ -- SBI General Insurance, one of India's leading general insurance companies, has delivered a robust financial performance during ...
Continue Reading...
Category :
Bank |
Comments :
0 | Hits : 323
|
|
Hard - Locking of auto-populated liability in GSTR-3B
Posted Date : 27-Jan-2025 , 05:50:40 pm | Posted By CASANSAAR
Hard - Locking of auto-populated liability in GSTR-3B
Jan 27th, 2025
1. Please refer to the advisory dated October 17, 2024 , regarding the restricting the editing of auto-populated liability in GSTR-3B from the January 2025 tax period.
...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 485
|
|
GST Introduction of E-Way Bill (EWB) for Gold in Kerala State
Posted Date : 27-Jan-2025 , 12:57:17 pm | Posted By CASANSAAR
GST Advisory on the Introduction of E-Way Bill (EWB) for Gold in Kerala State
Jan 27th, 2025
Dated: January 24, 2025
It is hereby informed that a new option for generating E-Way Bills (EWB) for gold has been introduced in the EWB system, effective from January 20, 2025. This fea...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 498
|
|
FM Nirmala Sitharaman Marks Final Preparations With Halwa Ceremony
Posted Date : 25-Jan-2025 , 09:09:08 am | Posted By CASANSAAR
The traditional ‘halwa’ ceremony, marking the final phase of preparation for the Union Budget 2025-26, took place at North Block on Friday. Finance Minister Nirmala Sitharaman, Minister of State for Finance Pankaj Chaudhary, and senior officials were present for the event.
This ceremo...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 632
|
|
CBIC notifies rules for entities to get Temporary Identification Number under GST
Posted Date : 25-Jan-2025 , 08:26:38 am | Posted By CASANSAAR
Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN).
The Central Board of Indirect Taxes and Customs (CBIC) has notified an amendment to GST rules to issue TIN to entitie...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 670
|
|
CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
Posted Date : 25-Jan-2025 , 08:22:22 am | Posted By CASANSAAR
It has been recently observed that some individuals with fraudulent intent are creating and sending fake summons to the taxpayers who may or may not be under investigation by the Directorate General of GST Intelligence (DGGI), Central Board of Indirect Taxes and Customs (CBIC).
The fake summons r...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 548
|
|
Government waives late fee for delayed GST filings
Posted Date : 24-Jan-2025 , 08:19:55 pm | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) announced a waiver of late fees for delayed filings of reconciliation statements and annual returns (GSTR-9C) for the financial years 2017-18 to 2022-23. Taxpayers must file the reconciliation statement by March 31, 2025, to avail the waiver.
...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 624
|
|
SC refused to PIL demanding scrapping of the TDS system of income tax
Posted Date : 24-Jan-2025 , 08:14:20 pm | Posted By CASANSAAR
The Supreme Court on Friday refused to entertain a PIL demanding scrapping of the TDS system of income tax collection under the Income Tax Act, saying it was “very badly drafted”.
A Bench led by Chief Justice of India Sanjiv Khanna said TDS was levied “everywhere”.
...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 599
|
|
GST Advisory on Business Continuity for e-Invoice and e-Waybill Systems
Posted Date : 24-Jan-2025 , 02:16:11 am | Posted By CASANSAAR
Jan 24th, 2025
Dear Taxpayers,
This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems.
If you have not integrated these alternate mechanisms into your existing systems or are not currently utilisin...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 750
|
|
Phase III of HSN code reporting in GSTR-1/1A to roll out from February
Posted Date : 23-Jan-2025 , 07:17:26 pm | Posted By CASANSAAR
Experts say these changes will reduce reporting errors and boost GST compliance accuracy To ensure accuracy and consistency in GST compliance, GSTN has decided to implement phase III of mandatory HSN code reporting from next month. Experts say that this change will enable GSTN to compile more value-...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 884
|
|
CBDT clarifies past investment from Mauritius
Posted Date : 23-Jan-2025 , 07:15:23 pm | Posted By CASANSAAR
The Central Board of Direct Taxes clarified that the new Principal Purpose Test rule won't affect past investments under tax treaties with Mauritius, Cyprus, and Singapore, relieving taxpayer concerns. This test aims to scrutinise exemptions and prevent misuse of tax treaties for unjustifiable t...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 588
|
|
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Posted Date : 23-Jan-2025 , 06:45:24 pm | Posted By CASANSAAR
Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Jan 22nd, 2025
After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period February 2025. In th...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 732
|
|
Direct Tax Vivad se Vishwas Scheme, 2024 update
Posted Date : 23-Jan-2025 , 04:08:28 pm | Posted By CASANSAAR
Direct Tax Vivad se Vishwas Scheme, 2024 update;
CBDT, vide notification no. 8/2025, makes the following order to remove the difficulty in respect of Direct Tax Vivad Se Vishwas Scheme, 2024 arisen in situations where,–– (a) an order in case of a person had been passed on or...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 620
|
|
RBI's new Guidelines - Banks will call you only from These 2 Numbers
Posted Date : 23-Jan-2025 , 11:40:31 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has recently introduced two dedicated phone number series for financial institutions to make transaction and marketing calls to their customers. This new initiative is designed to protect mobile users from financial frauds disguised as bank communications. According t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 942
|
|
FM likely to increase outlay for 2 key tax remission schemes for exporters by 10%
Posted Date : 22-Jan-2025 , 06:55:00 pm | Posted By CASANSAAR
The finance ministry is expected to increase allocations for two key tax remission schemes for exporters—RoDTEP and RoSCTL—by about 10% each in the 2025-26 budget to support exporters amid global economic challenges. Currently, Rs.16,575 crore is allocated for RoDTEP and Rs. 9,246 crore ...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 479
|
|
Rupee sees high volatility against US dollar
Posted Date : 22-Jan-2025 , 06:39:09 pm | Posted By CASANSAAR
At the interbank foreign exchange, the rupee opened at 86.56, and fell to a low of 86.71 against the greenback in a highly volatile morning session on January 22, 2025.
The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equi...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 461
|
|
NDFC Seeks Import Duty rationalisation, lower GST in Budget
Posted Date : 22-Jan-2025 , 06:34:13 pm | Posted By CASANSAAR
NEW DELHI: The Nuts and Dry Fruits Council of India (NDFC) on Wednesday urged the government to rationalise walnut import duty on a per-kilogram basis, reduce GST to 5 per cent, and introduce a production-linked incentive scheme for the sector in its pre-budget proposals. India's dry fruits mark...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 407
|
|
RBI allowed asset reconstruction companies (ARCs) to settle dues with borrowers
Posted Date : 21-Jan-2025 , 07:09:34 pm | Posted By CASANSAAR
The RBI has revised the guidelines for asset reconstruction companies (ARCs), allowing them to settle dues with borrowers after evaluating recovery possibilities. ARCs are now required to frame a board-approved settlement policy. For accounts with over Rs 1 crore, proposals must still be reviewed by...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 769
|
|
Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS)
Posted Date : 21-Jan-2025 , 07:07:10 pm | Posted By CASANSAAR
Union Budget 2025: NPS contributions of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD(1B) qualify for deductions only under the old tax regime, and this benefit is not available in the new regime.
The government intends to entice people to switch to the new tax regime, ...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 773
|
|
Relief for more taxpayers in Vivad Se Vishwas Scheme
Posted Date : 21-Jan-2025 , 07:02:27 pm | Posted By CASANSAAR
Vivad Se Vishwas Scheme 2024: As per a new update now more taxpayers are eligible to apply for Vivad Se Vishwas Scheme and settle their pending income tax dispute cases. Under the Vivad Se Vishwas Scheme, taxpayers need to pay the disputed tax amount and then the government will cancel the litigatio...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 683
|
|
Egregious misuse of IPO money in some cases, bankers shouldn
Posted Date : 21-Jan-2025 , 06:54:07 pm | Posted By CASANSAAR
MUMBAI: SEBI Chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has found "egregious misuse" of funds raised through initial public offerings (IPOs) by certain companies and urged investment bankers to desist from helping such entities access the capital markets.
...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 718
|
|
Expert Demand 87A tax rebate increase, home loans, income tax slabs linked with inflation & others
Posted Date : 21-Jan-2025 , 06:43:16 pm | Posted By CASANSAAR
Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now. "By linking income tax slabs to inflation, India could protect the purchasing pow...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 687
|
|
RBI eases norms for ARCs to settle with defaulters
Posted Date : 21-Jan-2025 , 11:32:19 am | Posted By CASANSAAR
The Reserve Bank on Monday asked Asset Reconstruction Companies (ARCs) to go for settlement with borrowers only after exhausting all possible ways to recover dues.
The central bank has revised the 'Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 202...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 820
|
|
SEBI asks mutual funds to disclose information ratio of schemes
Posted Date : 18-Jan-2025 , 06:53:01 pm | Posted By CASANSAAR
The watchdog of the stock exchange directs mutual funds to disclose information ratio along with performance disclosure on daily basis to enhance transparency and aid decision-making by investors.
To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, ...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 844
|
|
India
Posted Date : 18-Jan-2025 , 06:48:46 pm | Posted By CASANSAAR
India’s foreign exchange reserves declined by 8.7 billion dollars to 625.87 billion dollars in the week ending January 10, the latest data released by the Reserve Bank of India (RBI) showed today. In the previous week, the country’s forex reserves had dropped by 5.6 billion dollars for t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 775
|
|
India
Posted Date : 18-Jan-2025 , 06:43:58 pm | Posted By CASANSAAR
The Reserve Bank’s monthly bulletin for January 2025 has informed us that India’s economic growth is poised to rebound as domestic demand has started to regain strength. As per the ‘State of the Economy’ article authored by a team led by RBI Deputy Governor Michael Debabrata ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 742
|
|
FM Nirmala Sitharaman may introduce new income tax bill in Budget session
Posted Date : 18-Jan-2025 , 06:17:50 pm | Posted By CASANSAAR
Budget 2025: Finance Minister Nirmala Sitharaman is expected to present a bill for a new direct tax law during the upcoming budget session. The focus of this proposed legislation will be on simplifying existing provisions, eliminating redundant ones, and making the language more accessible to t...
Continue Reading...
Category :
Budget |
Comments :
0 | Hits : 763
|
|
Rupee gains 3 paise to 86.58 against US dollar in early trade
Posted Date : 17-Jan-2025 , 07:17:09 pm | Posted By CASANSAAR
Rupee gains 3 paise to 86.58 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals.
The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday ...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 599
|
|
RBI injected over Rs. 40,000 crore into the banking system through 2 Auctions
Posted Date : 17-Jan-2025 , 01:46:17 am | Posted By CASANSAAR
RBI injected over Rs. 40,000 crore into the banking system through 2 Auctions
Reserve Bank of India injected over Rs.40,000 crore into the banking system through two operations, addressing a liquidity deficit that breached Rs.2 lakh crore. The RBI accepted Rs.30,760 crore from overnight VRR aucti...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 589
|
|
|
