Here is what CBDT clarified on interest on GST liability:There are some discussions in social media w.r.t. interest calculation on delayed GST payments post a few media reports regarding Rs. 46000 Cr interest on the delayed GST payments to be collect
Draft report of high level committee formed post CA Students protest
GST Annual Return filed by around 90% taxpayers says GSTN
Digital Evaluation System to be implemented from May 2020- ICAI President
ICAI to establish Sustainable Accounting Standard Board
CBDT clarifies on misinformation pertaining to individual return filers
Late fees should be kept separately and used towards benefits for Taxpayers. Don�t waste these money in loan waivers to farmers or resettlement of terrorists. Please establish a fund just like �Consumer Protection Fund�
ICAI elects its new President and Vice President
Reduction of cost of compliance for companies
Last date of online application for CAG empanelment for 2020-21 has been extended to 2nd March 2020 from 14th February 2020. Hard copy can be filed upto 6th March 2020.
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