Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786)

Malabar porotta to attract 18% GST - Kerala High Court
Posted Date : 18-Jun-2024 , 08:59:02 pm | Posted By CASANSAAR

The Goods and Services Tax (GST) rate on Malabar porotta and whole wheat Malabar porotta will remain at 18% for two more months as a Division Bench of the Kerala High Court has stayed a single judge’s order that reduced the tax to 5%. The Bench consisting of Justices A. Muhamed Mustaque and...

Continue Reading...

Category : GST | Comments : 0 | Hits : 86

IBBI invites applications for Whole-Time Member post
Posted Date : 18-Jun-2024 , 08:55:11 am | Posted By CASANSAAR

Insolvency regulator IBBI has invited applications for the post of a Whole Time Member. Insolvency and Bankruptcy Board of India (IBBI) is a statutory regulatory body established under the Insolvency and Bankruptcy Code (IBC) 2016.  The term of office of the Whole-Time Member would be five y...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 314

RBI imposes Rs 1.45 Cr Penalty on Central Bank of India for non-compliance
Posted Date : 14-Jun-2024 , 09:36:02 pm | Posted By CASANSAAR

The Reserve Bank on Friday said it has imposed a penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to 'loans and advances' and 'customer protection'. The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 372

GST Council to meet on Jun 22, may take up review of online gaming taxation
Posted Date : 13-Jun-2024 , 10:35:52 pm | Posted By CASANSAAR

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet after a gap of eight months on June 22, and is likely to review the implementation of 28 per cent GST on the online gaming sector. "The 53rd meeting of the GST Council will be held on 22nd June, 2024 at New Delhi,&quo...

Continue Reading...

Category : GST | Comments : 0 | Hits : 320

RBI suffers system failure in automated system for Banks
Posted Date : 13-Jun-2024 , 12:41:47 pm | Posted By CASANSAAR

India's central bank system that enables lenders to manage their day-to-day liquidity needs did not work on Tuesday due to a technical issue, treasury officials said, its first such failure since it was set up nearly four years ago.   The automated sweep-in and sweep-out system (ASISO), u...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 426

SEBI wants Auditors to certify utilisation of funds raised pre-IPO
Posted Date : 11-Jun-2024 , 12:16:12 pm | Posted By CASANSAAR

The Securities and Exchange Board of India (SEBI) has asked for auditor-certified disclosures about utilisation of pre-IPO proceeds towards objects of the issue. If this is not done, the proceeds will have to be attributed or adjusted towards the portion reserved for general corporate purposes (GCP)...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 514

RBI Monetary Policy - RBI keeps repo rate unchanged at 6.5%
Posted Date : 07-Jun-2024 , 10:42:37 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the second bi-monthly monetary policy of the financial year 2024-25 on Friday.  This is the first RBI policy after the Lok Sabha election results 2024. The RBI Governor headed six-member Monetary Policy Committee (MPC) decide...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 988

IBBI issues new guidelines to streamline process of appointing IPs as resolution professionals
Posted Date : 07-Jun-2024 , 10:35:52 am | Posted By CASANSAAR

The Insolvency and Bankruptcy Board of India (IBBI) has issued a new set of guidelines to streamline the process for appointing insolvency professionals (IPs) as interim resolution professionals, liquidators, and bankruptcy trustees. Under the new guidelines, issued on June 5, a panel of IPs will be...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 783

SEBI mandates direct transfer of securities to client's demat account
Posted Date : 06-Jun-2024 , 08:44:56 am | Posted By CASANSAAR

Securities will now have to be directly transferred to the clients' demat accounts by the clearing corporations, stated the guidelines issued by the market regulator. On June 5, the Securities and Exchange Board of India (Sebi) issued a circular titled "Enhancement of operational efficie...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 429

SEBI launches 'Saarthi 2.0' App on personal finance for investors
Posted Date : 04-Jun-2024 , 08:13:24 am | Posted By CASANSAAR

Market regulator the Securities and Exchange Board of India (Sebi) launched 'Saa?thi 2.0' mobile app in Mumbai on Monday. The updated Saa?thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It incl...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 627

Multi-Crore GST Scam - 33 booked under Gangster Act, properties to be attached
Posted Date : 04-Jun-2024 , 08:09:01 am | Posted By CASANSAAR

The Noida police on Monday said that charges under the Gangsters Act have been invoked against 33 of the 45 accused arrested till date in the Goods and Services Tax (GST) fraud case. On June 1, 2023, police claimed to have busted a gang suspected of orchestrating a ?10,000 crore GST fraud, the op...

Continue Reading...

Category : GST | Comments : 0 | Hits : 938

CBIC issues instructions for initiating early GST recovery
Posted Date : 03-Jun-2024 , 09:02:50 am | Posted By CASANSAAR

 The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated three months of serving of demand order. Under the GST law, if a taxable person does not pay the amount specified in an order passed under the CGST Act ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 440

GST appeal process to be fully digitised - GSTN
Posted Date : 03-Jun-2024 , 09:00:36 am | Posted By CASANSAAR

The Goods and Services Tax Network (GSTN) will digitilse the entire process of dispute resolution via appeal to the GST Appellate Tribunal (GSTAT), a senior official told FE. A portal is likely to be ready for this purpose before the full operationalisation of all the benches of the tribunal. FE ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 606

SEBI launches beta version of settlement calculator
Posted Date : 01-Jun-2024 , 09:06:37 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) has launched a beta version of a settlement calculator for arriving at the indicative settlement amount, in a move to simplify and provide more transparency in the system. According to the settlement mechanism, an alleged wrongdoer can settle a pe...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 827

Income Tax department issues fresh reminder on PAN-Aadhaar linking to avoid higher TDS
Posted Date : 29-May-2024 , 11:41:32 pm | Posted By CASANSAAR

The Income Tax Department has issued a fresh notification to taxpayers, asking them to link their Permanent Account Number (PAN) with Aadhaar by May 31, 2024. The tax department posted this reminder on X, highlighting the importance of meeting the deadline to avoid higher tax deductions at source (T...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 700

GSTN Advisory on launch of E-Way Bill 2 Portal
Posted Date : 30-May-2024 , 09:52:29 am | Posted By CASANSAAR

  GSTN is pleased to inform that NIC is releasing the E-Way Bill 2 Portal (https://ewaybill2.gst.gov.in) on 1st June 2024. This portal ensures high availability and runs in parallel to the e-way Bill main portal (https://ewaybillgst.gov.in). The e-way bill 2 portal s...

Continue Reading...

Category : GST | Comments : 0 | Hits : 312

NFRA unrelenting, to inspect top Auditors again
Posted Date : 27-May-2024 , 11:59:23 pm | Posted By CASANSAAR

The regulator continues to be unrelenting in its drive to enforce audit quality. While the top five firms auditors came under its scrutiny last year, the National Financial Reporting Authority (NFRA) has decided to widen the ambit of its annual inspection this year. The Big Five, three more audit...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 725

CBDT notifies Cost Inflation Index (CII) for FY 2024-25 / AY 2025-26
Posted Date : 25-May-2024 , 05:54:52 am | Posted By CASANSAAR

Central Board of Direct Taxes (CBDT), issued Notification No. 44/2024-Income-Tax on May 24, 2024, detailing the Cost Inflation Index (CII) for the financial year 2024-25 i.e. Assessment Year 2025-26.  The notification specifies that for the financial year 2024-25, the Cost Inflation Index is...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1247

SEBI releases norms for sharing of real-time price data with third parties
Posted Date : 25-May-2024 , 01:47:29 am | Posted By CASANSAAR

With an aim to curb misuse of real-time, securities-price data by various entities including online gaming apps and virtual-trading services, the market regulator has issued norms for the sharing of this price data. In a circular issued on May 24, the Securities and Exchange Board of India (Sebi)...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 527

Delhi High Court upholds NFRA Penalty of Rs 4.5 Cr on CAs and Audit Firm
Posted Date : 24-May-2024 , 02:17:32 am | Posted By CASANSAAR

The Delhi High Court dismissed an interim application filed against the decision of the NFRA (National Financial Reporting Authority) which imposed penalties on CAs and audit firm for lapses in the audit of Reliance Capital Limited for the FY 2018-19. According to the consolidated financial state...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 958

RBI approves highest-ever dividend of Rs 2.11 lakh Cr to Govt
Posted Date : 22-May-2024 , 08:09:13 pm | Posted By CASANSAAR

The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double of what was budgeted expectation, helping shore up revenue ahead of a new government taking office. The RBI board, at its 608th meeting on Wednesday, approved t...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 480

SEBI issues guidelines to manage stock impact from market rumours
Posted Date : 22-May-2024 , 08:53:34 am | Posted By CASANSAAR

Capital markets regulator SEBI has issued a fresh set of guidelines for managing stock price impact emerging from market rumours. The circular, issued on May 21, said that the capital markets regulator will introduce a concept of ‘unaffected price’ in order to mitigate the artificial sto...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 751

Only 2% personal guarantee claims recovered under IBC so far - IBBI
Posted Date : 22-May-2024 , 08:47:41 am | Posted By CASANSAAR

Creditors have recovered 2.16 per cent, or Rs 102.78 crore, of their admitted claims from personal guarantors under the Insolvency and Bankruptcy Code (IBC), the latest data from the Insolvency and Bankruptcy Board of India (IBBI) shows.  Personal guarantors’ insolvency resolution, exp...

Continue Reading...

Category : Insolvent Professional | Comments : 0 | Hits : 513

RBI may transfer dividend of around Rs 1 lakh Cr to Government
Posted Date : 20-May-2024 , 04:39:29 pm | Posted By CASANSAAR

The Reserve Bank of India (RBI) is expected to transfer a substantial dividend, possibly around Rs 1 lakh crore, to the government, significantly higher than last year's payout, reported The Economic Times. Recently, the RBI announced a significant reduction in the government's borrowing ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 840

SC quash the disciplinary proceedings of ICAI against the CA in the matter of accepting more Tax Audit
Posted Date : 17-May-2024 , 01:55:14 am | Posted By CASANSAAR

Supreme Court quash the disciplinary proceedings initiated against the CA in the matter of ICAI barring members from accepting more than the "specified number of tax audit assignments" (at present, the upper limit is set at 60) in a financial year. Section 44 AB of Income tax act , popular...

Continue Reading...

Category : Tax Audit | Comments : 0 | Hits : 1589

Information from manufacturers of Pan Masal and Tobacco taxpayers - GSTN
Posted Date : 17-May-2024 , 09:05:57 am | Posted By CASANSAAR

  Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024. Two forms have been notified vide this notification namely GST SRM-I and GST SRM-II. The former pertains to reg...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1402

SEBI eases KYC compliance norms for mutual fund investors
Posted Date : 16-May-2024 , 12:00:05 pm | Posted By CASANSAAR

In a major relief for mutual fund investors, the Securities and Exchange Board of India (Sebi) has removed the requirement to link the Permanent Account Number (PAN) with Aadhaar to obtain "KYC-registered" status for mutual fund transactions. Know Your Client (KYC) is a mandatory proces...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 1468

Advocates can't be held liable for deficiency in service - Supreme Court
Posted Date : 16-May-2024 , 11:54:08 am | Posted By CASANSAAR

The Supreme Court ruled that the complaint alleging "deficiency in service" against advocates would not be maintainable under the Consumer Protection Act (CP Act) as it noted that the legal profession is unique in nature and cannot be compared with any other occupation. A bench of Justi...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1762

E-commerce firms seek clarity on registration under GST regime
Posted Date : 14-May-2024 , 07:39:35 am | Posted By CASANSAAR

With the rapid sprouting up of dark stores as part of their quick commerce strategies, e-commerce companies are seeking clarity from tax authorities for the registration process under the goods and services tax (GST) regime for their suppliers. A dark store typically is a large warehouse and is u...

Continue Reading...

Category : GST | Comments : 0 | Hits : 2228

CBDT releases new functionality in AIS for taxpayers
Posted Date : 14-May-2024 , 07:35:19 am | Posted By CASANSAAR

The Annual Information Statement (AIS) is available to all registered Income Taxpayers through the compliance portal, accessible through the e-filing website (www.incometax.gov.in). AIS provides details of a large number of financial transactions undertaken by the taxpayer which may have tax im...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 2492

News By Categories

More Categories

Search News

 
 
 

Professional News For CA,CS,CMA.Fresh Accounting News Articles On Income Tax,Service Tax,Sales Tax, Vat,Company Law,RBI,CAG,Custom,Excise On CASANSAAR

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Privacy Policy

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.