CAclubindia News

IFSCA issued Framework for Setting up and operating ITFS platform

12 July 2021 at 20:45

The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs).

Posted in Others | 1545 Views

Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs

12 July 2021 at 20:45

Active in public service for over 4 decades, Shri Singh was earlier a Member of Legislative Council (MLA) from Jatusana Vidhan Sabha in Haryana and served as Minister in the state Government of Haryana.

Posted in Others | 1203 Views

CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

11 July 2021 at 16:04

Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible ITC through goods less invoices of Rs 91 crore (approx).

Posted in GST | 3846 Views

FM Nirmala Sitharaman attends Third G20 Finance Ministers and Central Bank Governors Meeting

11 July 2021 at 10:24

The two-day meeting saw discussions on a wide range of issues including global economic risks and health challenges, policies for recovery from the CoVID-19 pandemic, international taxation, sustainable finance and financial sector issues.

Posted in Others | 1521 Views

Update on New Income Tax Portal by ICAI

10 July 2021 at 09:57

"Pursuant to decisions in that meeting, our members from ICAI are continuously working with Ministry of Finance officials and Infosys group in configuring glitch-free functionalities of new efiling portal" - ICAI.

Posted in Income Tax | 31 comments | 16266 Views

Shri Pankaj Chaudhary takes charge as Minister of State in the Ministry of Finance

10 July 2021 at 05:34

Shri Chaudhary is a Member of Parliament (MP) from Maharajganj in Uttar Pradesh in the 17th Lok Sabha. Active in public service for over three decades, Shri Chaudhary has also held the post of Deputy Mayor of Gorakhpur in the past.

Posted in Others | 1875 Views

ICAI releases Exposure Draft of Revised AS 102, Share-based Payments

09 July 2021 at 20:47

The Institute of Chartered Accountants of India has released the Exposure Draft of Revised AS 102 - Share-based Payments for comments with the last date being 7th August 2021. Comments on the same can be submitted Electronically, via Email or Post.

Posted in Accounts | 2532 Views

Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021

09 July 2021 at 19:05

Upcoming functionalities w.r.t Timelines for filing of Form GST REG-21, Information regarding late fee payable provided in Form GSTR-10 and Auto-population of data in Form GSTR-11 that will be deployed on the GST Portal.

Posted in GST | 1 comments | 5487 Views

New Functionalities made available for Taxpayers on GST Portal - June, 2021

09 July 2021 at 19:04

New Functionalities pertaining to modules of Registration, Refund and Ledgers made available for Taxpayers on the GST Portal for the m/o June 2021 has been mentioned here.

Posted in GST | 6555 Views

Cabinet approves MoU between Institute of Cost Accountants of India and the ACCA

09 July 2021 at 05:50

This MoU will lead to a focus attention towards the exchange of knowledge and exchange of research and publications, which will strengthen good governance practice in both jurisdictions.

Posted in Professional Resource | 2 comments | 3798 Views