CAclubindia News

Rs 9.98 lakh crore sanctioned to 16.67 crore loan accounts under PMMY in 3 years

03 August 2022 at 08:48

PMMY helped in generation of 1.12 crore net additional employment during a period of around 3 years

Posted in Others | 1371 Views

RBI allowed invoicing and payments for international trade in Indian Rupee

03 August 2022 at 08:48

RBI has allowed invoicing and payments for international trade in Indian Rupee vide A.P (DIR Series) Circular No. 10 RBI/2022-2023/90 dated 11.07.2022 on "International Trade Settlement in Indian Rupees (INR)".

Posted in Others | 1617 Views

IT raids on conglomerate unearthed unaccounted transactions exceeding Rs.1000 crore

03 August 2022 at 08:48

The Income Tax Department carried out a search and seizure operation on 20.07.2022 on a prominent business conglomerate engaged in diversified fields of Textiles, Chemicals, Packaging, Real estate and Education.

Posted in Income Tax | 6432 Views

GSTN introduces Single Click NIL filing of GSTR-1

02 August 2022 at 17:39

Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing.

Posted in GST | 3 comments | 9048 Views

1,67,080 companies registered in FY 2021-22

02 August 2022 at 11:07

During FY 2021-22, 1,67,080 companies were registered as compared to 1,55,377 in the previous year. Further, during FY 2020-21, 43,050 LLPs were registered as compared to 42,187 in previous year.

Posted in Corporate Law | 2136 Views

Central Govt. announces Excise Duty reduction on Petrol and Diesel

02 August 2022 at 08:43

Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low

Posted in Excise | 3606 Views

New record of over 72.42 lakh (7.24m) ITRs filed on a single day

02 August 2022 at 08:43

The Department expresses its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new record of ITRs filed on a single day.

Posted in Income Tax | 3 comments | 7005 Views

E-invoicing limit reduced from existing Rs. 20 crore to Rs. 10 crore w.e.f. 1st October 2022

02 August 2022 at 08:43

In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words "twenty crore rupees", the words "ten crore rupees" shall be substituted.

Posted in GST | 2 comments | 10851 Views