Accounting News Articles For Chartered Accountant CA,CMA-CASANSAAR|P1
   Login  |  Register  |  Forgot Password 

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

Canteen services for employees out of GST net - AAR
Posted Date : 20-Oct-2021 , 08:34:08 am | Posted By CASANSAAR

Canteen charges collected from employees will now be outside the gamut of goods and services tax following a tax ruling that offers some relief to several large industrial and manufacturing units. In a recent ruling, the Gujarat Authority for Advance Ruling (AAR) said that GST is not applicable o...

Continue Reading...

Category : GST | Comments : 0 | Hits : 556

RBI imposes Rs 1 Cr penalty on State Bank of India
Posted Date : 19-Oct-2021 , 08:42:12 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country’s largest lender, State Bank of India (SBI), for not complying with directions issued by the central bank with regard to fraud classification and reporting by commercial banks. “This ac...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 359

SEBI forms high-powered panel on settlement orders
Posted Date : 16-Oct-2021 , 08:10:25 am | Posted By CASANSAAR

Capital markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences. The committee will be chaired by Vijay C Daga, retired judge of High Court of Bombay, according to an update with the Securities and Exchange Board of India ...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 306

Delhi GST officers busts fictitious exporter network for Rs.134 Cr ITC Fraud
Posted Date : 14-Oct-2021 , 07:37:47 am | Posted By CASANSAAR

GST officers in Delhi have busted a network of fictitious exporters and arrested one person for fraudulently claiming input tax credit of ₹134 crore. The Finance Ministry said that based on risk analysis, M/s Vibe Tradex, engaged in export of Pan Masala, chewing tobacco, FMCG goods etc, was i...

Continue Reading...

Category : GST | Comments : 0 | Hits : 673

RBI bans Haribhakti & Co from undertaking audit assignments for two years
Posted Date : 13-Oct-2021 , 08:57:06 am | Posted By CASANSAAR

The Reserve Bank of India (RBI) has barred chartered accountant firm Haribhakti & Co. LLP, from undertaking any type of audit assignments for any entities regulated by it for a period of two years with effect from April 1, 2022. "This action has been taken on account of the failure on ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 635

GST Network blocks Rs. 14,000 Cr input tax credits of 66,000 taxpayers
Posted Date : 13-Oct-2021 , 08:55:03 am | Posted By CASANSAAR

The Goods and Service Tax Network (GSTN) on Tuesday said it has blocked ₹14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the GST. Responding to social media posts based on an RTI reply about the ₹6.14 lakh crore of ITC blocked under Rule 86A of the GST law...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1084

Govt initiates process for filling posts of independent directors in PSBs, FIs
Posted Date : 11-Oct-2021 , 09:16:10 am | Posted By CASANSAAR

The government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance. There have been vacancies at the independent director level across the public sector space leading...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 541

Ice cream supplied by parlours to attract 18% GST
Posted Date : 07-Oct-2021 , 08:21:15 am | Posted By CASANSAAR

Ice creams sold by a parlour or such outlets will attract 18 percent Goods and Services Tax (GST), the CBIC said on Wednesday. In two sets of circulars, the Central Board of Indirect Taxes and Customs (CBIC) clarified on issues raised by trade and industry on rates changes related to 21 goods and...

Continue Reading...

Category : GST | Comments : 0 | Hits : 858

GST registration can't be cancelled if business not carried out from premises due to Covid 19 norms, protocols - Calcutta HC
Posted Date : 05-Oct-2021 , 09:08:15 am | Posted By CASANSAAR

The Calcutta High Court has ruled that goods and service tax registration cannot be cancelled if business was not carried out from the premises, due to the nationwide Covid pandemic. The order was issued in case of an appeal filed by International Value Retail against revenue department and GST a...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1020

Govt extends Credit Guarantee Scheme for Subordinate Debt upto 31st of March 2022
Posted Date : 05-Oct-2021 , 08:59:05 am | Posted By CASANSAAR

Government has extended the Credit Guarantee Scheme for Subordinate Debt upto 31st of March next year. Ministry of Micro, Small and Medium Enterprises said, the government had announced creation of Distressed Assets Fund -  Subordinate Debt for Stressed MSMEs’ on 13th May last year und...

Continue Reading...

Category : MSME | Comments : 0 | Hits : 599

NFRA asks ICAI to reconsider structure of its accounting standards proposal
Posted Date : 04-Oct-2021 , 10:01:49 am | Posted By CASANSAAR

The National Financial Regulatory Authority (NFRA) has asked the Institute of Chartered Accountants of India (ICAI) to conduct a regulatory impact assessment of its proposed revisions to the existing accounting standards of companies. These standards are for companies that are not required to f...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1282

No GST input tax credit on CSR expenses - AAR
Posted Date : 04-Oct-2021 , 09:55:14 am | Posted By CASANSAAR

The Gujarat bench of the Authority for Advance Rulings (AAR) recently held that corporate social responsibility (CSR) activities under the Companies (CSR Policy) Rules are excluded from the normal course of business. Its ruling came in a case where the applicant was a private limited company, Adama ...

Continue Reading...

Category : GST | Comments : 0 | Hits : 582

Over 1,000 auditors yet to file annual returns - NFRA
Posted Date : 02-Oct-2021 , 07:22:18 am | Posted By CASANSAAR

More than 1,000 statutory auditors, representing a large section of audit professionals, have not filed annual returns, according to the National Financial Reporting Authority (NFRA), India’s audit regulator. Painting a grim picture of India’s audit landscape, NFRA disclosed the names...

Continue Reading...

Category : NFRA | Comments : 0 | Hits : 4658

GST collection for September crosses Rs.1.17 lakh Cr
Posted Date : 02-Oct-2021 , 07:15:02 am | Posted By CASANSAAR

The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included CGST component of 20,578 crore, SGST 26,767 crore and IGST component of 60,911 crore rupees. The revenue for September was 23 per cent higher than the GST revenues in the same month last year. Duri...

Continue Reading...

Category : GST | Comments : 0 | Hits : 379

Extension of Last Date for payment of Membership /COP fee For the year 2021-22 to 31st Dec, 2021 - ICAI
Posted Date : 01-Oct-2021 , 07:53:48 am | Posted By CASANSAAR

M&SS Directorate The Institute of Chartered Accountants of India 30th September, 2021 Important Announcement Sub: Extension of Last Date for payment of Membership /COP fee For the year 2021-22 to 31st December, 2021.   The Council of ICAI has suo moto decided to extend the...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 837

NFRA issued consultation paper for REMOVING COMPULSORY AUDIT for Micro, Small & Medium Companies
Posted Date : 30-Sep-2021 , 08:15:37 am | Posted By CASANSAAR

India is unique among the big economies of the world in statutorily mandating compulsory audit for all companies, irrespective of their size and characteristics. In view of the significant role played by companies in India in the economic growth and development of the Nation, it is essential that th...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 752

ECLGS’ scope expanded and scheme extended till 31.03.2022
Posted Date : 30-Sep-2021 , 07:51:31 am | Posted By CASANSAAR

Emergency Credit Line Guarantee Scheme (ECLGS) since its launch, has extended relief to over 1.15 crore Micro, Small and Medium Enterprises (MSMEs) and businesses. It has provided support to eligible borrowers in meeting their operational liabilities and restarting their businesses in the wake of di...

Continue Reading...

Category : MSME | Comments : 0 | Hits : 309

MSME Minister launches India Export Initiative and IndiaXports 2021 Portal
Posted Date : 30-Sep-2021 , 07:49:25 am | Posted By CASANSAAR

Union Minister for MSMEs Shri Narayan Rane virtually inaugurated the India Export Initiative and IndiaXports 2021 Portal of India SME Forum in New Delhi today. He was accompanied by MoS Shri Bhanu Pratap Singh Verma and senior officers of the Ministry. Speaking on the occasion, Shri Rane expresse...

Continue Reading...

Category : MSME | Comments : 0 | Hits : 266

I-T dept asks taxmen to accept applications till Sep 30 for settlement before Interim Board
Posted Date : 30-Sep-2021 , 07:46:17 am | Posted By CASANSAAR

The Income Tax department has issued an order asking taxmen to accept till September 30, applications for settlement of pending tax cases. The 2021-22 Budget, through the Finance Act, amended the provisions of the Income-Tax Act, 1961 to provide that the Income-tax Settlement Commission (ITSC...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 288

SEBI approves frameworks for Gold and Social Stock Exchanges
Posted Date : 30-Sep-2021 , 07:41:04 am | Posted By CASANSAAR

Securities Exchange Board of India (SEBI) has approved the frameworks for gold exchange and Social Stock Exchange. The market regulator SEBI also approved amendments to delisting framework for equity shares at the board meeting held in Mumbai yesterday. A gold exchange is being set up to trade the y...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 198

RBI imposes monetary penalty of Rs 2 Cr on RBL Bank
Posted Date : 28-Sep-2021 , 08:13:49 am | Posted By CASANSAAR

Reserve Bank of India (RBI) on September 27 imposed a monetary penalty of Rs 2 crore on RBL Bank for contravention of former's directions on Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 and non-compliance with provisions of clause (b) of sub-section (2) of section 10A ...

Continue Reading...

Category : RBI | Comments : 0 | Hits : 349

CBIC asks taxmen to complete GST evasion investigations within a year
Posted Date : 25-Sep-2021 , 09:01:39 am | Posted By CASANSAAR

The Central Board of Indirect Taxes and Customs (CBIC) has asked field offices to draw up an action plan so that no case of GST evasion is pending investigation beyond one year. In an instruction to field formations, the CBIC has also asked GST officers to speed up investigation and issue show-ca...

Continue Reading...

Category : GST | Comments : 0 | Hits : 559

Legitimate tax planning not illegal - ITAT
Posted Date : 23-Sep-2021 , 08:02:10 am | Posted By CASANSAAR

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that minimisation of tax liability through legitimate tax planning is not illegal. In the case of Michael E Desa, a US-based non-resident, it upheld in a recent order the set-off of loss arising on sale of shares of a private c...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1054

PAN-Aadhaar linkage deadline extended till 31st March 2022
Posted Date : 18-Sep-2021 , 08:06:33 am | Posted By CASANSAAR

Aadhaar linking with PAN can now be done till March 31, 2022, after the government extended the deadline from September 30, 2021. “The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of the Covid-19 pandemic, has, ...

Continue Reading...

Category : PAN | Comments : 0 | Hits : 813

Recommendations of 45th GST Council Meeting
Posted Date : 18-Sep-2021 , 08:01:43 am | Posted By CASANSAAR

Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy exempted from GST when imported for personal use Extension of existing concessional GST rates on certain COVID-19 treatment drugs upto 31st December 2021 GST rates on 7 other medicines recommended by De...

Continue Reading...

Category : GST | Comments : 0 | Hits : 1009

Govt relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section of 10(26) of the Act
Posted Date : 18-Sep-2021 , 07:58:41 am | Posted By CASANSAAR

The Central Government in exercise of the powers conferred by sub-section(1F) of section 197A of the Income-tax Act, 1961(“the Act”) notified that no deduction of tax shall be made on the following payment under section 194A of the Act, namely payment in the nature of interest, other tha...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2165

Aligning the Time Limit of Generating UDIN from 15 days to 60 days - ICAI
Posted Date : 18-Sep-2021 , 07:55:09 am | Posted By CASANSAAR

UDIN Directorate The Institute of Chartered Accountants of India 17th September, 2021 ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS Standard on Quality Control (SQC 1) on Retention Period for Engagement Documentation (Working Papers) requires firms to establish policies ...

Continue Reading...

Category : ICAI | Comments : 0 | Hits : 921

FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank
Posted Date : 17-Sep-2021 , 08:16:38 am | Posted By CASANSAAR

Finance Minister Nirmala Sitharaman on Thursday announced a formal government guarantee on the securities receipts that the planned ‘bad bank’ will issue to banks as it takes on non-performing assets from their books. The government guarantee will be Rs 30,600 crore, she said. The Uni...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 646

CA Vivek Khurana filed Nomination for Central Council Election of ICAI
Posted Date : 16-Sep-2021 , 09:11:22 am | Posted By CASANSAAR

CA Vivek Khurana has filed nomination papers for the Central Council Elections (Northern Region) of ICAI 2021. CA Vivek Khurana, Founder of casansaar.com, a renowned website is a practicing Chartered Accountant and fellow member of ICAI and Partner of a Chartered Accountants firm i...

Continue Reading...

Category : ICAI | Comments : 1 | Hits : 757

Sebi bars CEO of Poonawalla Finance, seven others for insider trading
Posted Date : 16-Sep-2021 , 09:02:17 am | Posted By CASANSAAR

The Securities and Exchange Board of India (Sebi) on Wednesday barred Abhay Bhutada the MD and CEO of Poonawalla Finance and seven others from accessing the securities market for allegedly insider trading in shares of Poonawalla Fincorp—formerly known as Magma Fincorp. The regulator also impou...

Continue Reading...

Category : SEBI | Comments : 0 | Hits : 507

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

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   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

CASANSAAR Updates

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.