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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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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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 : 1888
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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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0 | Hits : 817
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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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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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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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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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GST |
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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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GST |
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0 | Hits : 1192
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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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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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Mobile Number Portability going to be fast, simple from Dec 16
Posted Date : 12-Dec-2019 , 09:52:16 am | Posted By CASANSAAR
The Mobile Number Portability (MNP) process is going to be fast and simple from December 16. Telecom regulator TRAI issued a public notice in this regard, yesterday.
Under the new rules, it would take only 3 days to port from one network to another in the same circle while Porting for another cir...
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General |
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Parliament passes The Citizenship Amendment Bill, 2019
Posted Date : 12-Dec-2019 , 09:50:40 am | Posted By CASANSAAR
The Citizenship Amendment Bill, 2019 has been passed by the Parliament, with the Rajya Sabha approving it last night. 125 members supported the legislation while 105 opposed it. The House also negated the amendments moved by Opposition parties while approving the Bill.
The bill was passed by the ...
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General |
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Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019
Posted Date : 12-Dec-2019 , 09:21:33 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (code), through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. The amendments aim to remove certain difficulties being face...
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Insolvent Professional |
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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.
https://youtu.be/Qd06Y9exLb0
Dont Forget to Like this video and SUBSCRIBE CA Sansaar YouTube Channel
...
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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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General |
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0 | Hits : 616
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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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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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