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Finance Ministry releases Rs 13,385.70 Crore Grant-in-aid For Rural Local Bodies
01 September 2021 at 05:49Ministry of Finance has on Monday released an amount of Rs. 13,385.70 crore to 25 States for providing grants to the Rural Local Bodies. This Grant-in-aid is the 1st installment of Tied grants of the year 2021-22.
ICAI | Exposure Draft of Revised AS 36, Impairment of Assets
31 August 2021 at 19:52ICAI has released the Exposure Draft of Revised AS 36 - Impairment of Assets for public comments. Comments on the above mentioned ED may be sent electronically or via email or post so as to reach the institute latest by 30th September 2021.
CBIC further extends the exemption from Customs Duty/Health Cess on Import of Covid Relief Items
31 August 2021 at 16:10CBIC via Notification No. 41/2021 - Customs dated 30th August 2021 has further extended the exemption from Customs Duty/Health Cess on the Import of Covid Relief Items, including Covid 19 Vaccine and Oxygen Related Equipment.
Date for Filing Application for Revocation of Cancellation of Registration Extended
31 August 2021 at 05:52Where the due date of filing of application for revocation of cancellation of registration falls between 1st March 2020 to 31st August 2021, the time limit for filing such application has been extended up to 30th September 2021.
CBIC extends the timeline for filing of the application for revocation of cancellation of registration
30 August 2021 at 08:57CBIC has extended the timelines for filing of application for revocation of cancellation of registration to 30th September 2021, where the due date falls between 01.03.2020 to 31.08.2021.
CBIC amends Form GST ASMT-14 via CGST (Seventh Amendment) Rules, 2021
30 August 2021 at 08:57The filing of FORM GSTR-3B and FORM GSTR-1/ IFF by companies using EVC, instead of DSC has already been enabled for the period from 27.04.2021 to 31.08.2021. This has been further extended up to 31st October 2021.
CBIC extends late fee amnesty scheme to 30th November 2021
30 August 2021 at 08:57The last date to avail benefit of the late fee amnesty scheme has now been extended from existing 31st August, 2021 to 30th November, 2021.
More than 43.04 crore beneficiaries banked under PMJDY since inception
30 August 2021 at 06:00PMJDY Accounts have grown three-fold from 14.72 Crore in Mar’15 to 43.04 Crore as on 18-08-2021.55% Jan-Dhan account holders are women and 67% Jan Dhan accounts are in rural and semi-urban areas.
Extension of closing date of late fee amnesty scheme and time limit for filing of application for revocation of cancellation of registration under GST Act
30 August 2021 at 05:59Extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers who could not file their returns in time.
For FY 2021-22, IT Department has issued refunds of over Rs. 51,531 crore upto 23rd August 2021
30 August 2021 at 05:58To date, 93% of the refund claims in ITRs for AY 20-21 have already been processed. In the past week, refunds of over Rs. 15,269 crore have been issued which will be credited to taxpayers shortly.
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