After taking into account earlier release of Rs. 1,15,000 crore, total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is Rs. 1,59,000 crore.
Two persons were arrested from Delhi on 5th and 9th October 2021 on charges of orchestrating a fake billing racket involving more than 20 fake firms where more than Rs 22 crore of fraudulent ITC was taken thereby defrauding the exchequer.
Income tax refunds of Rs. 27,965 crore have been issued in 76,21,956 cases & corporate tax refunds of Rs. 74,987 crore have been issued in 1,70,424 cases. This includes 46.09 lakh refunds of AY 2021-22.
Temporary Relaxation for complying with the requirement of Pre-Examination Test and One Day Orientation Programme for enrollment to December 2021 session of CS Examinations, till 20th November 2021.
The next CSEET will be conducted on Saturday, the 13th of November 2021. It shall be conducted through REMOTE Proctored mode instead of conducting the same from Test Centers.
ICAI President CA. Nihar N Jamburasia faces criticism after asking Members to promote, interact and incorporate Hindi Language into their work. Due to the diverse nature of the profession, a lot of CAs have expressed their concern about the statement.
MCA, on account of challenges faced by the LLPs due to COVID-19, has announced relaxations in paying additional fees in case of delay in filing of Form 8 (the Statement Account and Solvency) by Limited Liability Partnerships up to 30th December 2021.
The Finance Minister emphasised that there must be an accelerated phase of infrastructure development and Ministries must continuously make concerted efforts to ensure that project implementation is fast-tracked.
Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - October 25, 2021 - at the National Academy of Audit and Accounts (NAAA), Shimla).
Recognition to CS in Practice under the International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 & International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021.
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