CAclubindia News
IT raids on conglomerate unearthed unaccounted transactions exceeding Rs.1000 crore
03 August 2022 at 08:48The Income Tax Department carried out a search and seizure operation on 20.07.2022 on a prominent business conglomerate engaged in diversified fields of Textiles, Chemicals, Packaging, Real estate and Education.
GSTN introduces Single Click NIL filing of GSTR-1
02 August 2022 at 17:39Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing.
1,67,080 companies registered in FY 2021-22
02 August 2022 at 11:07During FY 2021-22, 1,67,080 companies were registered as compared to 1,55,377 in the previous year. Further, during FY 2020-21, 43,050 LLPs were registered as compared to 42,187 in previous year.
New record of over 72.42 lakh (7.24m) ITRs filed on a single day
02 August 2022 at 08:43The Department expresses its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new record of ITRs filed on a single day.
Central Govt. announces Excise Duty reduction on Petrol and Diesel
02 August 2022 at 08:43Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low
E-invoicing limit reduced from existing Rs. 20 crore to Rs. 10 crore w.e.f. 1st October 2022
02 August 2022 at 08:43In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words "twenty crore rupees", the words "ten crore rupees" shall be substituted.
GST Revenue collection for July second highest ever at Rs. 1.49 lakh crore
01 August 2022 at 14:04GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year
Time limit for verification reduced to 30 days for return filed after 1st Aug
01 August 2022 at 11:31Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically
ICMAI extends cut-off-date for admission/registration/enrollment of students for Dec 2022 term up to 10th August 2022
01 August 2022 at 08:37Cut-off-date for admission/registration/enrollment of students for December-2022 term of Examination is extended up to 10th August (Wednesday), 2022.
ICAI President stresses on two crucial aspects that the Institute is working on
01 August 2022 at 08:37In its endeavour to promote sustainability reporting ecosystem in the country which would lead to greener low-carbon economy, the Institute is working on two crucial aspects.
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