CAclubindia News
Clarification on Establishment of MSMEs
06 August 2021 at 06:25The Ministry of MSME does not establish micro, small and medium enterprises in the country. The promotion and development of enterprises is a State subject. However, the Central Government supplements the efforts of the State/UT Governments.
91% MSMEs found to be functional as per recent study
06 August 2021 at 06:23On 1st July 2020, after the adoption of a new definition of MSMEs, a new registration portal ‘Udyam Registration’ has been launched by M/o MSME and so far 41,37,443 classified MSMEs are registered on the portal.
Grant of Rs. 685.80 crore released to Urban Local Bodies (ULBs)
06 August 2021 at 06:21Grants for Urban Local Bodies have been released as per the recommendations of the 15th Finance Commission. They are aimed at improving basic civic services including fulfilling location specific felt needs.
Insolvency and Bankruptcy Code (Amendment) Bill, 2021 passed by Lok Sabha and Rajya Sabha
05 August 2021 at 06:22The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was passed by the Lok Sabha on 28th July 2021 and by the Rajya Sabha on 3rd August 2021.
RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Bank notes and Coins
05 August 2021 at 06:24Certain elements are fraudulently using the name/logo of RBI, and seeking charges/commission/tax from the public, in transactions related to buying and selling of old banknotes and coins. It is clarified that RBI does not deal in such matters.
Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
05 August 2021 at 06:25RBI had issued certain guidelines to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. Now, the RBI has specified guidelines for implementation of the circular on Opening of Current A/c by Banks.
GSTN | Blocking of E-Way Bill generation facility to resume after 15th August, 2021
04 August 2021 at 20:48The government has decided to resume the blocking of EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August onwards.
CBIC launches Compliance Information Portal (CIP)
04 August 2021 at 20:48CBIC has launched the Indian Customs Compliance Information Portal (CIP) for providing free access to information on all Customs procedures and regulatory compliance for nearly 12,000 Customs Tariff Items.
CBDT further extends the due dates for electronic filing of certain forms
03 August 2021 at 20:38On consideration of difficulties reported by the taxpayers and other stakeholders in the electronic filing of certain Forms, CBDT has decided to further extend the due dates for electronic filing of such Forms vide Circular No.15/2021 dated 03.08.2021.
ICAI releases Exposure Draft on Initial Application of IFRS 17 and IFRS 9
04 August 2021 at 06:40ICAI has released the Exposure Draft on the Initial Application of IFRS 17 and IFRS 9 - Comparative Information Proposed amendment to IFRS 17. Comments on the ED may be submitted electronically or via email or post by 3rd September 2021.
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