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Request to adopt a humane approach in handling the extension of due dates in the times of the pandemic by The Chamber of Tax Consultants

   05 January 2021 at 19:31

The Chamber of Tax Consultants has written a representation letter to the Ministry of Finance and CBDT to adopt a humane approach in handling the extension of due dates.

Posted in Income Tax  3 comments |   12075 Views


ICSI discusses various relaxations that can be done due to COVID-19, with MCA

   05 January 2021 at 17:19

ICSI, via their official Twitter handle, communicated that they are in discussion with MCA to extend various ongoing matters, including various relaxations due to COVID-19 that may be given to the taxpayers and professionals.

Posted in Corporate Law |   2034 Views


ICAI gives Clarification on Statutory Auditor of a Company giving feedback to Credit Rating Agencies about Auditee Client

   05 January 2021 at 17:19

It is hereby clarified that under the provisions of the Chartered Accountants Act 1949 it is not permissible to members to share client information with the CRAs, except if permitted by the Auditee client.

Posted in Audit  1 comments |   2706 Views


NIC GePP - GST e-Invoice Preparing and Printing Tool - Download Now

   05 January 2021 at 13:32

The National Informatics Centre has released the NIC-GePP Ver. 1.0, which is an excel based tool to assist the taxpayers, who are not having the ERP solution, to enter an invoice in a user friendly manner. Download now!

Posted in GST |   16590 Views


IBBI directs rules for Retention of records relating to Corporate Insolvency Resolution Process

   05 January 2021 at 10:44

The Insolvency and Bankruptcy Board of India has directed rules for the retention of records relating to the Corporate Insolvency Resolution Process. Read the official announcement and the rules directed here.

Posted in Corporate Law |   2019 Views


Ministry of Finance releases the Customs Authority for Advance Rulings Regulations, 2021

   05 January 2021 at 10:08

The Department of Revenue, Ministry of Finance has released the Customs Authority for Advance Rulings Regulations, 2021. Read the official announcement and provisions of the newly released Regulations here.

Posted in Custom |   2484 Views


Central Government releases the Central Goods and Services Tax (Amendment) Rules, 2021

   05 January 2021 at 10:08

CBIC has amended the Central Goods and Services Tax Rules, 2017, and has released the Central Goods and Services Tax (Amendment) Rules, 2021. Read the official announcement and the amendments made in the Rules here.

Posted in GST |   2691 Views


10th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

   05 January 2021 at 10:08

A total amount of Rs.60,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States

Posted in GST |   1035 Views


Income Tax Department releases a calendar to make the tax journey of taxpayers easier

   04 January 2021 at 11:26

The Income Tax Department has released a calendar in order to make the tax journey of taxpayers easier. This has been done as part of the Income Tax Department's ‘Transparent Taxation- Honoring The Honest’ initiative wherein, taxes are made untaxing.

Posted in Income Tax |   8652 Views


ICMAI debars certain students for adopting unfair means in the online examination of 03/01/2021

   04 January 2021 at 11:26

The Institute of Cost and Management Accountants of India has debarred certain students for 5 terms, for adopting unfair means in the online examination of 03/01/2021.

Posted in Students |   5349 Views



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