CAclubindia News

President promulgates IBC (Amendment) Ordinance, 2021

06 April 2021 at 21:02

Promulgated by the President in the Seventy-second Year of the Republic of India, listed in this news piece is an Ordinance further to amend the Insolvency and Bankruptcy Code, 2016.

Posted in Corporate Law | 2403 Views

GST Portal: New Taxpayer functionalities deployed during March 2021

06 April 2021 at 20:43

New Functionalities made available for Taxpayers on GST Portal during March 2021 with regard to Registration, Returns, Refunds, Audit, Front Office and Webinars.

Posted in GST | 2 comments | 7758 Views

India hosted a Virtual Meeting of BRICS Finance Ministers & Central Bank Governors today on 6th April 21

06 April 2021 at 19:13

FM talked about thematic priorities for New Development Bank for discussion during 2021 and the issues of membership expansion. She also called for greater coordination among BRICS member countries on the issues of 16th general review of Quotas of IMF.

Posted in Community & General | 960 Views

GSTN issues advisory to file GSTR-1 for March 21 without waiting for auto-population of e-invoices

06 April 2021 at 15:12

Notified taxpayers who are reporting e-invoices, are hereby advised not to wait for the complete auto-population, and instead proceed with preparation and filing of GSTR-1 for March, 2021 (by the due date), based on actual data as per their records.

Posted in GST | 2 comments | 8544 Views

Rs 2,74,034 crore FPI inflows in Indian equity markets

06 April 2021 at 11:26

The growth forecast for India in FY 2021-22 have been pegged above 10% by the World Bank, IMF and several global research organisations underscoring that India will continue to remain an attractive investment destination in the near future.

Posted in Community & General | 1056 Views

ICSI gives opportunity to students to interact directly with ICSI Academic Officers and Experts

06 April 2021 at 05:29

The Institute of Company Secretaries of India has created a unique platform to deliberate upon crucial aspects of modules and subjects and clarify academic queries of students in a streamlined manner by Academic Officers and Expert Faculties.

Posted in Students | 1428 Views

Finance Act 2021 hasn't brought in any additional tax on Indian workers in Saudi/UAE/Oman/Qatar, clarifies FM

06 April 2021 at 05:21

The Finance Act, 2021 hasn't brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term "liable to tax" in the Income Tax Act to provide clarity.

Posted in Community & General | 1485 Views

CBIC notifies rules for Verification of Identity via Customs (Verification of Identity and Compliance) Regulations, 2021

06 April 2021 at 05:14

CBIC has notified certain rules for Verification of Identity. The outcome of the verification of identity shall be captured in the Customs Automated System and informed to the person verified.

Posted in Custom | 1881 Views

ICAI | Provisions related to Audit Trail to come into effect from 1st April 2022

06 April 2021 at 05:10

MCA has made amendments in the provision related to Audit Trail and made them effective for FY commencing on or after 01st April 2022, on request made by the Institute of Chartered Accountants of India.

Posted in Students | 6873 Views

Government measures increase FDI inflows in the country

05 April 2021 at 19:45

India Attracts a total FDI inflow of US$ 72.12 billion from April 2020 to January 2021. Computer Software & Hardware emerged as the top sector with 45.81% of total FDI Equity inflow.

Posted in Community & General | 1515 Views