GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Posted Date : 27-Dec-2019 , 08:58:01 am | Posted By CASANSAAR
GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Discussion on Latest GST Circular No.129/49/2019 dated 24/12/2019 on SOP to be followed in case of non filer of return by CA. Pradeep Gupta. Watch This Video for Details.
https://youtu.be/9Zsg3gU4Qaw
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GST |
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SEBI penalises CARE and ICRA on lapses in rating IL&FS
Posted Date : 26-Dec-2019 , 10:22:59 pm | Posted By CASANSAAR
Securities and Exchange Board of India (Sebi) in two orders passed on Thursday evening found credit ratings agencies or CRAs lapsing and lacking in conduct when they rated the Non Convertible Debentures or NCDs of Infrastructure Leasing and Financial Services Ltd (IL&FS).
In a rare instance t...
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SEBI |
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Anti-Evasion wing of CGST Delhi detects GST fraud of Rs 241 Cr
Posted Date : 26-Dec-2019 , 09:23:48 pm | Posted By CASANSAAR
The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved ...
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GST |
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0 | Hits : 1830
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Bank frauds rise 74 per cent to Rs 71,543 Crore in 2018-19 - RBI
Posted Date : 26-Dec-2019 , 09:23:22 am | Posted By CASANSAAR
Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the previous financial year, according to a report by the Reserve Bank of India. The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in ...
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Banking |
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0 | Hits : 1054
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CBI court convicts CA and five others for TDS fraud
Posted Date : 26-Dec-2019 , 08:47:53 am | Posted By CASANSAAR
A special Central Bureau of Investigation (CBI) court recently convicted a chartered accountant, his assistant and four others in a TDS (tax deducted at source) fraud committed 20 years ago. The court, however, acquitted an officer of the tax department.
According to CBI, key accused XXXXXXXXXXX ...
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TDS |
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FinMin notifies GST grievance redress panel for tax payers
Posted Date : 25-Dec-2019 , 10:21:14 pm | Posted By CASANSAAR
The Finance Ministry on Wednesday notified setting up of a GST grievance redress committee at zonal/state level after it was approved in the last GST Council meeting this month.
The Council in its 38th meeting held on December 18 decided that a structured mechanism be set up for the taxpayers und...
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GST |
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0 | Hits : 1259
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Saskatchewan issues 595 invitations in latest Expression of Interest draw
Posted Date : 25-Dec-2019 , 08:46:44 am | Posted By CASANSAAR
The Government of Saskatchewan invited 595 Express Entry and Occupations In-Demand candidates to apply for a provincial nomination for Canadian permanent residence (PR).
The Saskatchewan Immigrant Nominee Program (SINP) held the draws on December 20. While no job offer was required to qualify, ca...
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International Business |
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0 | Hits : 963
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RBI introduces new Prepaid Payment Instrument for your daily grocery payments
Posted Date : 25-Dec-2019 , 08:42:38 am | Posted By CASANSAAR
The Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services.
In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid ...
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RBI |
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0 | Hits : 1504
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SEBI issues format for statement of deviation
Posted Date : 25-Dec-2019 , 08:40:49 am | Posted By CASANSAAR
Sebi on Tuesday issued a format for statement of deviation in funds raised to be submitted by the listed entities to stock exchanges on a quarterly basis.
The format comes after Sebi noted that there is no uniformity in the formats of statement of deviation or variation in proceeds of public issu...
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SEBI |
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0 | Hits : 932
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NBFC supervision to cover auditors, banks, rating companies
Posted Date : 25-Dec-2019 , 08:38:15 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has extended supervision to auditors, banks and rating companies to prevent defaults and ensure broader financial stability.
“Apart from strengthening the existing four pillars of supervision — on-site examination, off-site surveillance, market intellig...
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Auditing |
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NFRA to rope in consultants for audit report review and other allied work
Posted Date : 25-Dec-2019 , 08:35:23 am | Posted By CASANSAAR
Audit regulator NFRA has decided to hire consultants to assist the regulator in identifying the audit reports that need to be taken up for review.
Consultants — mainly chartered accountants -- are mainly proposed to be hired for a period of one year (on contract basis) to assist National Fi...
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NFRA |
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0 | Hits : 1251
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Cabinet approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019
Posted Date : 25-Dec-2019 , 08:24:01 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved a proposal to promulgate an Ordinance and to amend the Insolvency and Bankruptcy Code, 2016.
The Amendment will remove certain ambiguities in the Insolvency and Bankruptcy Code, 2016 and ensure smooth implementation of th...
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Category :
Insolvent Professional |
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0 | Hits : 691
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Lok Sabha speaker refers bankruptcy code amendment bill to standing committee
Posted Date : 24-Dec-2019 , 03:12:58 pm | Posted By CASANSAAR
Lok Sabha Speaker Om Birla has referred the Insolvency and Bankruptcy Code (Second Amendment) Bill, which seeks to streamline the corporate insolvency resolution process, to the standing committee on Finance of which former prime minister Manmohan Singh is a member.The committee, chaired by BJP MP a...
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Insolvent Professional |
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0 | Hits : 719
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GSTR 9C Utility available on GSTN Postal
Posted Date : 24-Dec-2019 , 10:49:43 am | Posted By CASANSAAR
Updated GSTR 9C Utility for F.Y. 2017-18 available on GSTN portal.
Last date for GSTR -9 and GSTR-9C is 31st Jan 2020.
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Category :
Income Tax |
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0 | Hits : 1204
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GST on Notice Pay Recovery
Posted Date : 24-Dec-2019 , 08:18:39 am | Posted By CASANSAAR
GST on Notice Pay Recovery.
Notice period serve नहीं किया तो देना होगा GST???
Myth busted by CA Vishal Jain.
Watch this video to know more.
https://youtu.be/TNr0CMGtACY
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Category :
GST |
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0 | Hits : 1221
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Technical limitations cannot be ground to deny input tax credit under GST - HC
Posted Date : 24-Dec-2019 , 08:14:52 am | Posted By CASANSAAR
The Delhi High Court has said that the rights of Goods & Services Tax (GST) assessees ‘cannot be subjugated’ to the poor and inefficient software systems adopted by the authorities. The ruling is likely to benefit assessees who suffer due to technical glitches.
“The software...
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Category :
GST |
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0 | Hits : 1484
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IFSC banking units can open foreign currency current accounts
Posted Date : 24-Dec-2019 , 08:11:02 am | Posted By CASANSAAR
The RBI on Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment transactions. However, IBUs are not allowed to open savings accounts.
Issuing instructions regarding permis...
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Category :
Banking |
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0 | Hits : 756
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New registrations by taxpayers being verified by GST council
Posted Date : 24-Dec-2019 , 08:07:57 am | Posted By CASANSAAR
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi, who is also the convenor of Group of Ministers (GoM) on integrated GST, said on Monday.
"The new taxpayers, who are 66...
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Category :
GST |
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0 | Hits : 1500
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Glitches in ITR processing lead to bloated tax liability on capital gains
Posted Date : 24-Dec-2019 , 08:05:21 am | Posted By CASANSAAR
Hundreds of taxpayers are believed to have received notices from the income tax (I-T) department whose systems are unable to process the tax returns correctly. This has led to bloated tax liability on capital gains and denial of credit for tax deducted at source (TDS), among other discrepancies.
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Category :
Income Tax |
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0 | Hits : 1005
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Companies under IBC process may get GST relief
Posted Date : 23-Dec-2019 , 04:11:14 pm | Posted By CASANSAAR
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without the mandatory payment of past dues. This will remove a hurdle in the bankruptcy resolution process.
Ministry of Corporate Affairs a...
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Category :
GST |
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0 | Hits : 905
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Public sector bank unions decide to join national strike called on Jan 8
Posted Date : 21-Dec-2019 , 10:10:06 am | Posted By CASANSAAR
Bank unions have decided to join the national general strike which has been called on January 8, 2020. The strike has been called in protest against the central govt's labour policies and banking reforms, said the unions.
Central Trade Unions viz. INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, ...
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Category :
Banking |
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0 | Hits : 1101
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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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Category :
Insolvent Professional |
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0 | Hits : 940
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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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Category :
Income Tax |
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0 | Hits : 1178
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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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Category :
International Business |
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0 | Hits : 985
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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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Category :
GST |
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0 | Hits : 1244
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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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Category :
GST |
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0 | Hits : 1239
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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 : 996
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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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Category :
GST |
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0 | Hits : 1412
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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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Category :
GST |
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0 | Hits : 991
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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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