CAclubindia News

ICAI | Clarification on spending of CSR funds for COVID-19 Vaccination by MCA

01 August 2021 at 07:29

MCA has clarified that spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families is considered to be an eligible CSR activity under items no (i) and (xii) of Schedule VII of the Companies Act, 2013.

Posted in Professional Resource | 6018 Views

GST Audit to Discontinue w.e.f 1st August 2021

31 July 2021 at 13:03

Starting 1st August 2021, taxpayers will not be required to get their annual accounts audited by a CA/CMA for furnishing an audited reconciliation statement in Form GSTR-9C.

Posted in GST | 5 comments | 19974 Views

CBIC amends Rule 80 of GST Return, Instructions related to GSTR-9 and Form GSTR 9C

31 July 2021 at 12:55

CBIC has issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 under which, amendments have been made under rule 80 relating to Annual Return, instructions related to the filing of GSTR-9 and Form GSTR-9C.

Posted in GST | 7854 Views

Registered Taxpayers with AATO of Rs. 2 crores, not required to file a GST Return for FY 2020-21

31 July 2021 at 12:41

The Central Board of Indirect Taxes and Customs, via Notification No. 31/2021 - Central Tax has exempted taxpayers having an aggregate turnover of Rs. 2 crores from the requirement of filing an annual return for FY 2020-21.

Posted in GST | 10116 Views

CBDT omits certain Rules and Forms; Mandates E-Filing of Forms, Returns, Statements, Reports, Orders etc.

31 July 2021 at 06:31

CBDT has notified the omission of certain rules and forms including Rules 5A, 5AB, 6ABB, 12B, 12BA, 16D, 16DD, 16E, 16F, 18B, 18BB, 18BBA, 18DD, 18DDA, 20AB, 29AA, 29D, 37, 37E, 37F, 44A, 48, 123 and 124 via Income-tax (21st Amendment) Rules, 2021.

Posted in Others | 5733 Views

Monthly Review of Accounts of Union Government of India upto month of June 2021 for FY 2021-22

31 July 2021 at 06:26

GoI has received Rs. 5,47,399 crore up to June 2021 comprising Rs. 4,12,680 crore os Tax Revenue, Rs. 1,27,317 crore of Non Tax Revenue and Rs. 7,402 crore of Non Debt Capital Receipts that includes Capital Receipts and Disinvestment Proceeds.

Posted in Others | 1326 Views

CBDT issues refunds of over Rs. 43,991 crore to more than 21.03 lakh taxpayers between 1st April, 2021 to 26th July, 2021

30 July 2021 at 18:48

Income tax refunds of Rs. 13,341 crore have been issued in 19,89,912 cases & corporate tax refunds of Rs. 30,651 crore have been issued in 1,12,567 cases.

Posted in Income Tax | 1743 Views

ICAI releases Exposure Draft of Disclosures of Accounting Policies

30 July 2021 at 18:44

ICAI has released the Exposure Draft of Disclosures of Accounting Policies - Amendments to Ind AS 1, Presentation of Financial Statements. Comments on the same may be submitted either electronically or via email or post by 31.08.2021.

Posted in Professional Resource | 1968 Views

Cabinet approves amendments to LLP Act, 2008 - Check All Details Now!

30 July 2021 at 17:38

The Cabinet, on 28th July 2021 approved amendments to the LLP Act, 2008 vide LLP Amendment Act, 2021. These amendments to the LLP Act were suggested in Union Budget 2021, presented by FM Nirmala Sitharaman in the parliament on 1st February 2021.

Posted in Corporate Law | 9261 Views

[FAKE] Finance Ministry is providing emergency cash where recipients will receive Rs 1,30,000 per month for 6 months

30 July 2021 at 06:39

The WhatsApp forward claiming that the Finance Ministry is providing emergency cash where recipients will receive Rs. 1,30,000 per month for 6 months is FAKE. Kindly don't believe this message.

Posted in Others | 6588 Views