CAclubindia News

CBDT issues refunds to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January 2022

05 January 2022 at 15:12

CBDT issues refunds of over Rs. 1,50,407 crore to more than 1.48 crore taxpayers from 1st April 2021 to 3rd January, 2022

Posted in Income Tax | 1464 Views

ICAI issues Exposure Draft of Revised Accounting Standard for Comments

05 January 2022 at 08:35

Exposure Draft of Revised Accounting Standard for Comments

Posted in Professional Resource | 1761 Views

Clarification regarding factually incorrect tweets claiming that the government has increased the rate of duty on imports

05 January 2022 at 08:35

Clarification regarding factually incorrect tweets claiming that the government has increased the rate of duty on imports against certain commodities post alignment of Customs Tariff

Posted in Custom | 3861 Views

Reporting of supplies notified under Section 9(5) / 5(5) by E-commerce Operator in GSTR-3B

04 January 2022 at 11:53

As per the GST Council decision to notify "Restaurant Service" under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services

Posted in GST | 6681 Views

FAKE - Letter issued by Finance Ministry claiming that Dearness Allowance & Dearness Relief payable will be kept in abeyance

04 January 2022 at 08:42

A Fake order issued in the name of the Ministry of Finance claiming that the 'Dearness Allowance & Dearness Relief payable to Central Govt employees and pensioners will be kept in abeyance' is in circulation.

Posted in Community & General | 6429 Views

FAKE - Letter issued by Finance Ministry granting loan under the PM Mudra Yojna

04 January 2022 at 08:41

An approval letter allegedly issued by the Ministry of Finance is granting a loan under the PM Mudra Yojna and requesting payment of Rs. 4,500 on the pretext of a legal charge.

Posted in Community & General | 7521 Views

RBI releases Framework for Facilitating Small Value Digital Payments in Offline Mode

04 January 2022 at 08:40

The Reserve Bank has today placed on its website the 'Framework for facilitating small value digital payments in offline mode'.

Posted in Community & General | 1236 Views

GST Portal | Implementation of Rule 59(6), as amended w.e.f 1st January 2022

03 January 2022 at 16:27

By way of this amendment, for the words "for preceding two months", the words "for the preceding month" were substituted with effect from 1st January 2022.

Posted in GST | 1 comments | 9117 Views

Xiaomi, Oppo Likely to Face Rs 1,000 Crore Fine for Income Tax Violation

03 January 2022 at 14:31

Two of the most popular smartphone manufacturing Companies Xiaomi and Oppo, are likely to face a fine of Rs 1000 crore for not complying with the regulatory mandate prescribed under the Income Tax Act.

Posted in Income Tax | 10572 Views