CAclubindia News


CBIC waives the amount of general penalty payable by any registered person under section 125 of the CGST Act

 30 November 2020 at 10:00

The Government, on the recommendations of the Council, hereby waives the amount of penalty payable by any registered person under section 125 of the CGST Act

Posted in GST |   1 comments |   3891 Views


IT Department conducts searches in Tamil Nadu resulting in the detection of undisclosed income of more than Rs. 450 crore

 30 November 2020 at 09:59

The Income Tax Department conducted searches on 27/11/2020 in the case of an IT SEZ developer, its ex-Director, and a prominent stainless-steel supplier in Chennai.

Posted in Income Tax |   4575 Views


US$28.1 billion FDI inflows into the country during the July-September quarter

 30 November 2020 at 09:59

FDI Equity Inflows during the first half of 2020-21 have shown 15% growth in US$ terms and 23% growth in Rupee terms

Posted in Community & General |   1926 Views


ICAI changes exam centers in Hyderabad, Secunderabad, and Lucknow on 1st Dec due to Elections

 29 November 2020 at 21:30

Due to the elections scheduled on 01.12.2020 at the center(s) in Hyderabad/Secunderabad/Lucknow, all the students from their existing examination center(s) are being shifted to new examination venue(s),

Posted in Exams |   7224 Views


EPFO extends time limit for Pensioners upto 28th Feb'21 for submission of Jeevan Pramaan Patra

 28 November 2020 at 16:12

In view of the ongoing COVID-19 pandemic, EPFO has extended the time limit up to 28th Feb 2021 for submission of Life Certificate in respect of the Pensioners drawing pension under EPS 1995.

Posted in Corporate Law |   1845 Views


Punjab chooses Option-1 to meet the GST implementation shortfall

 28 November 2020 at 16:12

26 States and all Union Territories with Legislative Assembly have favored Option-1. Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall

Posted in GST |   3552 Views


GDP contracts by 7.5% in the second quarter of the year 2021

 28 November 2020 at 10:15

Q2 GDP at - 7.5% buttresses recovery as captured by several high-frequency indicators. The economic impact is primarily due to #COVID19, good news is falling daily cases are due to lower transmission & not due to lower testing.

Posted in Community & General |   4134 Views


ICSI extends the due date for registering in the Executive/Professional Programme till 1st December 2020

 28 November 2020 at 10:15

The Institute of Company Secretaries of India has extended the due date for registering in the Executive/Professional Programme till 1st December 2020.

Posted in Students |   1740 Views


FM Smt. Nirmala Sitharaman holds 5th review meeting on CAPEX of CPSEs to boost expenditure in the economy

 28 November 2020 at 10:14

While reviewing the performance of CPSEs, Smt. Sitharaman said that CAPEX by CPSEs is a critical driver of economic growth and needs to be scaled up for the FYs 2020-21 & 2021-22.

Posted in Community & General |   1890 Views


Monthly Review of Accounts of Union Government of India up to the month of October 2020 for the FY 2020-21

 28 November 2020 at 10:14

GoI has received Rs. 7,08,300 crores up to October 2020 comprising Rs. 5,75,697 crores Tax Revenue, Rs. 1,16,206 crores of Non-Tax Revenue and Rs. 16,397 crores of Non-Debt Capital Receipts.

Posted in Community & General |   1 comments |   1977 Views



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