CAclubindia News


ICAI issues Revised 2022 edition of Guidance Note on Report u/s 92E of IT Act 1961

   26 October 2022 at 08:38

Revised 2022 edition of Guidance Note on Report under section 92E of IT Act 1961

Posted in Income Tax |   4854 Views


GSTN issues advisory on filing TRAN forms for taxpayers from Daman and Diu & Ladakh

   26 October 2022 at 08:38

Due to reorganization of the state of Jammu & Kashmir and merger of the Union territories of Dadra and Nagar Haveli and Daman and Diu, the taxpayers of Ladakh and earlier 'Daman and Diu' region have been allotted new GSTINs

Posted in GST |   3441 Views


Admit Cards for Nov 2022 CA Exams released on ICAI portal

   25 October 2022 at 10:43

ICAI has released the admit cards for the ICAI CA November 2022 Exams. Candidates can now download their ICAI Admit Card for the CA Inter and CA Final exams from the official websites – icai.org and eservices.icai.org.

Posted in Students |   7392 Views


GST offences up to Rs 5 crore may be decriminalised

   25 October 2022 at 07:44

To promote ease of doing business, the government is working on a proposal to decriminalise certain offences under the goods and services tax (GST) by raising the threshold limit from Rs 2 crore to Rs 5 crore in tax evasion cases."A proposal is

Posted in GST |   4557 Views


GST authorities issuing SCN after investigation will have to complete enforcement action

   24 October 2022 at 07:45

Tax authorities issuing show-cause notices will have to complete all enforcement and consequential action against the assessee against whom GST evasion was detected, the GST Council has said.

Posted in GST |   3513 Views


Direct tax mop-up may beat budget estimate by 30%

   24 October 2022 at 07:45

The Centre's direct tax revenues may rise 25-30% on year, allowing it to net an additional Rs 2.5 trillion over the budget estimate (BE) after the mandatory devolution to states, a senior finance ministry official said.

Posted in Others |   2034 Views


Paperless customs compliance to be introduced for exports to facilitate integration of Customs systems with other regulatory agencies

   24 October 2022 at 07:45

A new system is in the works where web-based registration of goods exports would be allowed, to facilitate the integration of Customs systems with other regulatory agencies.

Posted in Custom |   2391 Views


Advisory by ICAI on use of prefix CA on social media

   23 October 2022 at 14:05

Use of designation "Chartered Accountant" or prefix "CA" by members while expressing views on professional/non-professional matters publicly including on social media

Posted in Professional Resource |   16824 Views


Taxpayers with upto Rs 5 crore turnover required to report 4-digit HSN codes in their GSTR-1

   22 October 2022 at 16:19

From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.

Posted in GST  1 comments |   11100 Views


ICAI extends last date for submitting MEF 2022-23 from 28th Oct to 9th Nov 2022

   22 October 2022 at 08:33

Considering the various requests received from the members of ICAI, it has been decided to extend the last date for submission of Multipurpose Empanelment Form for the year 2022-23 from 28th October 2022 to 9th November 2022.

Posted in Professional Resource |   6666 Views