IBC process helps creditors recover Rs 1.6 trn, revives 160 companies
Posted Date : 21-Dec-2019 , 09:58:47 am | Posted By CASANSAAR
The Insolvency and Bankruptcy Code (IBC) has helped rescue 160 companies and its creditors have got back 44 per cent of their claim amounting to 1.6 lakh crore, a top government official said on Friday.
He pointed out that though 44 per cent of recovery may not look very rosy but one should view ...
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Insolvent Professional |
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FinMin asks tax officials to identify evaders through data analytics
Posted Date : 21-Dec-2019 , 09:55:47 am | Posted By CASANSAAR
In a bid to meet ambitious tax target, the finance ministry on Friday held a review meeting with tax officials directing them to make special efforts to identify and book tax evaders through data analytics and information sharing.
The meeting chaired by Revenue Secretary Ajay Bhushan Pandey.
H...
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Income Tax |
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Minimum CRS score decreases in latest Express Entry draw of Canada
Posted Date : 20-Dec-2019 , 10:02:25 am | Posted By CASANSAAR
The Government of Canada issued 3,200 invitations to apply for Canadian Permanent Residence to Express Entry candidates in a draw held December 19.
The minimum Comprehensive Ranking System (CRS) score in this latest invitation round was 469, a decrease of three points over the previous draw...
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International Business |
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Question and Answers on ITC under GST
Posted Date : 19-Dec-2019 , 09:50:13 am | Posted By CASANSAAR
Question and Answers on ITC under GST.
Question and Answers on ITC under GST during the Webinar on Issues related to claiming of ITC under GST by CA. Gaurav Gupta.
This video is part of the Webinar on the issues related to claiming of ITC Under GST organised by CA Sansaar...
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GST |
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0 | Hits : 1230
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FinMin may develop app to file GST Returns, set up facilitation centres
Posted Date : 19-Dec-2019 , 09:43:38 am | Posted By CASANSAAR
The Finance Ministry is considering setting up facilitation centres and developing an app to help traders and small businesses file their Goods and Services Tax (GST) returns, The Times of India reported.
The facilitation centres would be similar to the Aadhaar Seva Kendras. It comes as the Centr...
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GST |
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0 | Hits : 1217
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PNB loses UK High Court appeal in USD 45-million deceit claim
Posted Date : 19-Dec-2019 , 09:40:19 am | Posted By CASANSAAR
The British subsidiary of Punjab National BankNSE -0.55 % (PNB) has lost its UK High Court appeal in a USD 45-million deceit claim against seven individuals and two companies, based in India and the US.
The issue in contention was whether the High Court of England and Wales should accept jurisdic...
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Banking |
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0 | Hits : 979
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GST Council’s decisions regarding Law and Procedure related changes
Posted Date : 19-Dec-2019 , 09:15:34 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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GST Council’s decisions On Rate Changes
Posted Date : 19-Dec-2019 , 09:14:13 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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0 | Hits : 975
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Reserve Bank of India releases Annual Report of Ombudsman Schemes
Posted Date : 19-Dec-2019 , 09:12:19 am | Posted By CASANSAAR
he Reserve Bank of India (RBI) released the Annual Report of the “Ombudsman Schemes of RBI for the year 2018-19” today.
A. Banking Ombudsman Scheme
The Banking Ombudsman Scheme (BOS) was notified by RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. During...
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RBI |
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GST Council votes first time, Settles uniform lottery rate
Posted Date : 18-Dec-2019 , 08:11:57 pm | Posted By CASANSAAR
The GST Council, in its 38th meeting on Wednesday, voted for the very first time since its inception to settle for a uniform rate on lotteries across the country, Rajasthan Minister Shanti Dhariwal said.
This is the first time since the launch of the new overarching indirect tax that the Council ...
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GST |
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NCLAT restores Cyrus Mistry as Chairman of Tata Group
Posted Date : 18-Dec-2019 , 03:55:37 pm | Posted By CASANSAAR
In what is being seen as a big win for Cyrus Mistry, the National Company Law Appellate Tribunal on Wednesday ordered restoration of him as the Executive Chairman of Tata Sons.
The tribunal held the appointment of N Chandra as Executive Chairman illegal.
However, the tribunal said the restorat...
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Corporate Law |
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No extension of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - CBIC
Posted Date : 18-Dec-2019 , 09:35:17 am | Posted By CASANSAAR
The Government has asked its tax officers across the country to urge indirect tax payers to make use of the ongoing dispute resolution scheme, Sabka Vishwas, which is due to close at the end of the month and made it clear that the deadline will not be extended. So far, over 52,000 applications have ...
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Category :
Excise |
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SEBI slaps Rs 8 crore fine on PC Jeweller promoters for insider trading
Posted Date : 18-Dec-2019 , 09:28:49 am | Posted By CASANSAAR
arkets regulator Sebi on Tuesday imposed a total fine of over Rs 8 crore on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case.
“A sum of Rs 6,17,60,184.13 shall be impounded jointly and severally, from Shivani Gu...
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SEBI |
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CBI arrests former Income Tax Commissioner In corruption case
Posted Date : 18-Dec-2019 , 09:24:13 am | Posted By CASANSAAR
The CBI arrested former Income Tax Commissioner SK Srivastava on Tuesday, months after the CBI registered a case against him on charges of cheating, forgery and obtaining undue favours from those who had filed appeals before him.
A CBI spokesperson told NDTV that he will now be produced before a ...
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Income Tax |
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New GSTR 9 & GSTR 9C Utility would be available by 21.12.2019
Posted Date : 17-Dec-2019 , 01:10:44 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019.
These changes do not impact the current tools required for preparation and filing of GSTR-9 and GSTR-9A for the financial year 2017-18...
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Category :
GST |
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e-Invoicing Procedure under GST
Posted Date : 17-Dec-2019 , 10:09:42 am | Posted By CASANSAAR
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GST |
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SEBI bans Auditor for one year in Coral Hub case
Posted Date : 17-Dec-2019 , 09:47:32 am | Posted By CASANSAAR
Regulator Sebi has imposed a one-year ban on CA Firm from auditing any listed company for preparing fake and inflated financial results of Coral Hub Ltd.
Besides, K P Joshi, proprietor of the audit firm, has also been barred for one year.
The regulator has restrained listed companies and regis...
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SEBI |
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0 | Hits : 1875
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Centre releases Rs 35,298 Cr GST compensation to States
Posted Date : 17-Dec-2019 , 09:39:55 am | Posted By CASANSAAR
After a delay of over two months, the Centre on Monday released Rs. 35,298 crore as GST compensation to the states for the August-September period. The move comes two days before the GST Council meeting to be held here to discuss various issues, including the inadequacy of funds to compensate the st...
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GST |
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11.4 lakh transactions settled in 8 hours after RBI operationalises NEFT 24X7
Posted Date : 17-Dec-2019 , 09:37:06 am | Posted By CASANSAAR
The Reserve Bank has informed that about 11.4 lakh transactions were settled in the first eight hours after the round the clock operation of National Electronic Funds Transfer - NEFT system came into force from 12:00 am today. The RBI said, making NEFT available 24x7 is part of its vision of empower...
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RBI |
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FM to hold pre-Budget consultations with stakeholders beginning Monday
Posted Date : 16-Dec-2019 , 10:09:47 am | Posted By CASANSAAR
Beginning the customary pre-Budget consultation exercise from Monday, Finance Minister Nirmala Sitharaman will seek inputs from various stakeholders including industry bodies, farmer organisations and economists for reviving consumption and boosting growth.
Sitharaman is likely to present her sec...
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Budget |
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Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage
Posted Date : 16-Dec-2019 , 09:44:50 am | Posted By CASANSAAR
More than 9,600 cases involving a total amount of nearly Rs 3.75 trillion have been disposed of at the pre-admission stage of the insolvency law process, according to the government.
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for resolution of stressed asset...
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Corporate Law |
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CBDT extends advance tax payment deadline for northeastern region to Dec 31
Posted Date : 16-Dec-2019 , 09:33:28 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has extended the date for payment of third installment of Advance Tax for financial year 2019-20 to 31st of this month for the North Eastern Region.
Earlier, the deadline was 15th of December. The decision to this effect was taken in view of the recent dis...
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Category :
Income Tax |
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Procedure of Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Posted Date : 13-Dec-2019 , 10:06:38 pm | Posted By CASANSAAR
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General |
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Benefits under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Posted Date : 13-Dec-2019 , 10:05:22 pm | Posted By CASANSAAR
...
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Category :
General |
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Eligibility Criteria for Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
Posted Date : 13-Dec-2019 , 10:04:05 pm | Posted By CASANSAAR
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General |
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0 | Hits : 727
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Promoters move high court over taxman’s power to arrest, attach accounts under GST
Posted Date : 13-Dec-2019 , 07:42:50 am | Posted By CASANSAAR
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the Delhi High Court.
Several promoters have filed a joint writ petition in the high court, challenging the validity of the GST stat...
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Category :
GST |
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0 | Hits : 779
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NFRA indicts Deloitte over lapses in IFIN Audit
Posted Date : 13-Dec-2019 , 07:21:22 am | Posted By CASANSAAR
The National Financial Reporting Authority (NFRA) has indicted Deloitte Haskins and Sells LLP for what it called significant failures in the statutory audit of IL&FS Financial Services Ltd (IFIN) for 2017-18 and is examining whether disciplinary proceedings against the auditor need to be initiat...
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Auditing |
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1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B
Posted Date : 12-Dec-2019 , 10:13:56 am | Posted By CASANSAAR
1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B,
जाने नई रिटर्न्स के बारे में इस वीडियो में|
https://youtu.be/Qd06Y9exLb0...
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Category :
GST |
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0 | Hits : 1174
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New Express Entry draw issues 3,200 invitations to apply for Canadian PR
Posted Date : 12-Dec-2019 , 10:11:31 am | Posted By CASANSAAR
A new draw from the federal Express Entry pool on December 11 produced 3,200 invitations to apply for Canadian PR (permanent residence)
The minimum Comprehensive Ranking System (CRS) score in the December 11 invitation round was 472.
The Express Entry system manages the pool of can...
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Category :
International Business |
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Auditors get 90 days to file NFRA-2 form
Posted Date : 12-Dec-2019 , 10:01:59 am | Posted By CASANSAAR
The Corporate Affairs Ministry (MCA) has given a breather for statutory auditors who were earlier required to file the NFRA-2 form with the National Financial Reporting Authority (NFRA) by November 30.
It has now allowed the form — which specified the format of the Annual return — to ...
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Category :
CPE Hours |
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