CAclubindia News

CBDT circular on receipt of shares

Central Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall not be applicable in cases of receipt of shares by the specifie

Minister calls CBIC officers to make India GST the best in the world

The Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur calls upon all the Officers of CBIC to make GST in India the best GST available in the world;GST Day Celebrations organized by the Central Board of Indirect Taxes &am

Utilisation of IGST Credit while Filing Form GSTR-3B

Booklet released on GST on MSME by FM

Introduction In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are defined according to their annual revenue (i.e. sales) of business. As approved by t

Advisory to Practicing Members conducting Cost Audit

Advisory to Practicing Members conducting Cost AuditThe Cost Audit Branch, Ministry of Corporate Affairs had issued an Exposure Draft for amendments to the Companies (Cost Records & Audit) Rules, 2014. However, due to certain technical issues, th

ICAI celebrates Platinum Jubilee & 70th Chartered Accountants Day

The 70th Chartered Accountants Day of ICAI was celebrated today i.e. on July 1st all across the country with great enthusiasm and zeal. July 1st is a landmark day in the history of ICAI as on this day ICAI was set up to regulate the Profession of Cha

Multiple notifications issued on GST by CBIC

Notification No Subject Notification No : 32/2019-Central Tax Seeks to extend the due date for furnishing the declaration FORM GST ITC-04 Notification No : 31/2019-Central Tax Seeks to carry out changes in the CGST Ru

ICAI President wishes A Happy Chartered Accountants Day to all

My dear Professional Colleagues,Let me wish a very happy Chartered Accountants’ Day to all of you! Being the world’s second largest accountancy body today, we are all ready to celebrate our Platinum Jubilee CA Day completing the 70-year l

Reforms in GST this fiscal as it celebrates second anniversary

2nd anniversary of Goods & Services Tax to be celebrated on 1st July 2019The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate Affairs Shri Anurag T

IT Dept finds Rs 60 crores evasion during search & seizure in J&K region

The Income Tax Department conducted search and seizure operations on 27.06.2019 on a prominent business group based in Srinagar, covering 4 premises in the Kashmir Valley and 6 places in the Jammu region. Apart from the premises in J&K, 10 other