New GST Simplified Return and Return Formats
Posted Date : 11-Dec-2019 , 09:20:48 am | Posted By CASANSAAR
New GST Simplified Return and Return Formats explained by CA Vishal Jain.
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GST |
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SEBI provides relaxation on group exposure limit for MFs
Posted Date : 11-Dec-2019 , 09:07:18 am | Posted By CASANSAAR
Debt-oriented mutual fund schemes that have more than 10 per cent exposure to their sponsors' group companies before October 1 have been allowed to continue with such investments till respective maturity dates. Markets regulator Sebi's decision to provide such an exemption comes against the ...
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SEBI |
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Personal Data Protection Bill seeks access to users' data from Companies
Posted Date : 11-Dec-2019 , 09:02:06 am | Posted By CASANSAAR
Changes to India's privacy bill could cause trouble for Facebook, Google and others as proposals include government powers to request user data to help forge policies.
The Personal Data Protection Bill, circulated to parliament members on Tuesday and reviewed by Reuters, was keenly awaited by...
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Category :
General |
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GST Council to change GST tax slabs to boost revenue
Posted Date : 11-Dec-2019 , 08:56:29 am | Posted By CASANSAAR
The GST council will be reducing the four tax slabs that currently exist – 5%, 12%, 18%, and 28% – to three – 8%, 18%, and 28%, as per a news report.
Two officials who familiar to the matter said that the taxes on branded cereals, mobile phones, pizzas, air travel, air-condition...
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GST |
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Bengaluru shopkeepers penalised for not giving tax invoices to customers
Posted Date : 11-Dec-2019 , 08:41:10 am | Posted By CASANSAAR
The Commercial Taxes Department in the past two weeks conducted drives in which it imposed penalties on those dealers who failed to give tax invoices to their customers.
A press note from Commissioner of Commercial Taxes, Bengaluru said, "The officers of South Zone, Enforcement Wing of Comme...
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Category :
GST |
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RBI finds SBI under-reported bad loans by Rs 11,932 crore in FY19
Posted Date : 10-Dec-2019 , 03:46:06 pm | Posted By CASANSAAR
The country's largest lender State Bank of India on Tuesday reported about Rs 12,000 crore divergence in their bad loans for the last fiscal.As per the assessment done by the RBI, the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank...
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Bank |
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Lok Sabha passes Citizenship Amendment Bill
Posted Date : 10-Dec-2019 , 08:55:53 am | Posted By CASANSAAR
Lok Sabha has passed the Citizenship Amendment Bill, 2019 after a marathon discussion and division last night. In all, 311 members voted in favour of the bill and 80 members opposed it.
The bill, among other things, seeks to grant citizenship to Hindus, Jains, Parsis, Buddhists and Christians who...
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General |
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7 states to move SC if Centre doesn't pay up Rs 30,000 Cr GST dues
Posted Date : 09-Dec-2019 , 10:18:50 am | Posted By CASANSAAR
Amidst muted Goods and Services Tax (GST) revenue growth and worries over delayed allocation of compensation cess to states, a few state governments are considering legal recourse against the Centre if their dues are not cleared immediately. States like Kerala, West Bengal, Punjab, Delhi and Chhatti...
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Category :
GST |
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ITC Restrictions under GST - 20% of eligible ITC
Posted Date : 07-Dec-2019 , 08:15:25 am | Posted By CASANSAAR
ITC Restrictions under GST - 20% of eligible ITC.
(ITC Restrictions under GST - 20% of eligible ITC explained by CA. Pradeep Gupta)
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Category :
GST |
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NEFT to be available 24x7 from Dec 16 - RBI
Posted Date : 07-Dec-2019 , 08:06:51 am | Posted By CASANSAAR
The Reserve Bank of India (RBI), on Friday, said the National Electronic Funds Transfer (NEFT) facility should be made available by member banks participating in the payment system from December 16 on all days of the year, including holidays.
NEFT is a nation-wide payment system facilitating one-...
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RBI |
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GST Panel to raise 5% slab to 6% to boost revenues
Posted Date : 07-Dec-2019 , 07:53:29 am | Posted By CASANSAAR
The Goods and Services Tax (GST) panel is mulling various methods to boost revenue collections, among which one suggestion is to raise the 5 percent tax slab to 6 percent, as per a Business Standard report.
The slab-restructuring is expected to bring in additional revenue of Rs 1,000 crore per mo...
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Category :
GST |
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Govt moves NCLAT against NCLT order making MCA party in all IBC cases
Posted Date : 06-Dec-2019 , 10:18:29 am | Posted By CASANSAAR
The government has moved the National Company Law Appellate Tribunal (NCLAT) against an order passed by NCLT to make the Ministry of Corporate Affairs a party in all applications filed under the Insolvency and Bankruptcy Code as well as the Companies Act.
In a petition moved through the Ministry ...
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MCA |
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CBIC withdraws GST circular on ITeS
Posted Date : 06-Dec-2019 , 10:14:49 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment under the goods and services tax (GST). The government has withdrawn circular in view of numerous repres...
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Category :
GST |
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RBI mulling to amend regulatory guidelines for UCBs
Posted Date : 06-Dec-2019 , 10:06:42 am | Posted By CASANSAAR
The Reserve Bank of India today said that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks - UCBs.
Speaking to reporters in Mumbai today, RBI Governor Shaktikanta Das said, the guidelines would primarily relate to exposure norms for single and group/interconnected...
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RBI |
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Forensic Audit reveals LoUs worth Rs 25,000 Cr fraudulently issued in PNB fraud
Posted Date : 05-Dec-2019 , 10:52:54 am | Posted By CASANSAAR
Punjab National Bank (PNB) 'fraudulently issued' Letters of Undertaking (LoUs) worth Rs 25,000 crore to the Nirav Modi group, The Indian Express reports.
Belgian forensic auditor found that PNB issued 1,561 LoUs, valued at Rs 28,000 crore, to the Nirav Modi group. Of this, 1,381 LoUs...
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Category :
Banking |
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Practical Procedure to upload GSTR 9 and GSTR 9C
Posted Date : 05-Dec-2019 , 10:40:01 am | Posted By CASANSAAR
Practical Procedure to upload GSTR 9 and GSTR 9C
(Practical Procedure to upload GSTR 9 and GSTR 9C explained by CA. Pradeep Gupta with CA. Rahul Jain)
https://youtu.be/n9Dbs55F8A8
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Category :
GST |
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Delhi HC stays interest levy on profiteered amount under GST
Posted Date : 05-Dec-2019 , 10:09:55 am | Posted By CASANSAAR
Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST).
The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).
When a company is charged with profiteering, ...
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Category :
GST |
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Tax department issues 2.10 cr tax refunds till November
Posted Date : 04-Dec-2019 , 10:27:36 am | Posted By CASANSAAR
The Income Tax Department has processed as many as 2.10 crore tax refund cases till 28th November during the current fiscal as compared to 1.75 crore refund returns during the same period last year. It shows an increase of 20 percent in the refund returns against last year. The CBDT said the total a...
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Category :
Income Tax Refund |
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MCA deactivates 19,40,313 Director Identification Numbers
Posted Date : 04-Dec-2019 , 10:16:37 am | Posted By CASANSAAR
The Ministry of Corporate Affairs (MCA) deactivated 19,40,313 Director Identification Numbers (DINs) in the MCA21 Database due to the non-filing of Know Your Client (KYC), as on 28.11.2019.
This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, i...
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Category :
Corporate Law |
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CPE Hours Requirements for the Members of ICAI
Posted Date : 04-Dec-2019 , 09:49:44 am | Posted By CASANSAAR
CPE Hours Requirements for the Members of ICAI.
CPE Hours Requirements for the Members of ICAI as explained by CA.Vivek Khurana.
Last date for completion of CPE hours requirement for the Block period of 2017-2019 is 31-12-2019.
https://youtu.be/aquKPFch3wY
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Category :
ICAI |
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GST Council to review tax rates, exemptions
Posted Date : 04-Dec-2019 , 09:16:51 am | Posted By CASANSAAR
Federal indirect tax body, the Goods and Services Tax (GST) Council, will meet later this month to discuss various revenue raising measures including changes to GST rates and cess levied on select goods.
The council meeting which is expected in the second half of December will be its first meetin...
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Category :
GST |
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Application Form for the Information Systems Audit (ISA) Assessment Test - ICAI
Posted Date : 04-Dec-2019 , 09:06:37 am | Posted By CASANSAAR
Exam Date - 28th December, 2019.
Last Date for receipt of application - 9th December 2019.
Click for....
Online Application Form
Hard Copy Application Form
Source - ICAI Website...
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Category :
Income Tax |
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RBI-owned subsidiary Only up to Rs 1 lakh, not all money, insured in banks
Posted Date : 03-Dec-2019 , 05:12:19 pm | Posted By CASANSAAR
Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts, according to the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the Reserve Bank of India.
This covers savings, fixed, ...
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Category :
RBI |
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Company Law Committee recommends decriminalisation of compoundable offences under Companies Act
Posted Date : 03-Dec-2019 , 04:51:47 pm | Posted By CASANSAAR
The Company Law Committee, constituted by the Ministry of Corporate Affairs (MCA) vide order dated 18.09.2019, has submitted the first phase report to the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 18th November 2019, proposing amendments in the Companies Act, 2013 for...
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Category :
Corporate Law |
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18,782 cases filed under Insolvency & Bankruptcy Code
Posted Date : 03-Dec-2019 , 04:43:28 pm | Posted By CASANSAAR
As of 30th June 2019, a total of 18,782 cases have been filed under Insolvency and Bankruptcy Code (IBC), 2016, of which 2,173 cases have been admitted under IBC. Out of 2,173 admitted cases, 1,274 cases were ongoing under different stages of the resolution process, 129 cases have resulted in resolu...
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Category :
MCA |
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New Immigration Policy of Australia from November 2019
Posted Date : 03-Dec-2019 , 10:21:36 am | Posted By CASANSAAR
New Immigration Policy of Australia from November 2019
(New changes in Immigration Policy of Australia from November 2019 explained by CA. Vivek Khurana)
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Category :
International Business |
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ROC removes 3.39 lakh companies in last 2 fiscal years
Posted Date : 03-Dec-2019 , 10:18:31 am | Posted By CASANSAAR
Registrars of Companies (RoCs) struck off 338,963 companies from official records in the last two financial years for failure to submit annual returns, minister of state for corporate affairs Anurag Singh Thakur told the Lok Sabha on Monday.
The minister said that the ministry through its R...
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Category :
Corporate Law |
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0 | Hits : 876
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E Way Bill Blocking and unblocking under GST
Posted Date : 03-Dec-2019 , 09:58:35 am | Posted By CASANSAAR
E Way Bill Blocking and unblocking under GST.
(E Way Bill Blocking and unblocking for non filers of GST Returns explained by CA. Rahul Jain.)
https://youtu.be/CX248416jxo
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Category :
GST |
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MCA launches databank of independent directors
Posted Date : 03-Dec-2019 , 09:55:41 am | Posted By CASANSAAR
The Ministry of Corporates Affairs (MCA) here on Monday launched the databank of independent directors with an aim to strengthen the institution of independent directors under the Companies Act.
The databank, launched by Injeti Srinivas, MCA Secretary, can be accessed at "www.mca.gov.in"...
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Category :
MCA |
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Govt blocks GST e-way bill generation; move may impact 300,000 firms
Posted Date : 03-Dec-2019 , 09:51:51 am | Posted By CASANSAAR
Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill generation for non-compliant assessees.
These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months. The government had...
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Category :
GST |
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