ICAI has decided to re-open the online filling up of examination application forms for December 2021 CA Exams. These will be re-opened for two days, starting from 11th October 2021 (12:01 AM) till 12th October 2021 (11:59 PM).
Income tax refunds of Rs. 20,510 crore have been issued in 51,88,762 cases &corporate tax refunds of Rs. 61,719 crore have been issued in 1,65,397 cases. This includes 24.73 lakh refunds of AY 2021-22 amounting to Rs. 1903.05 crore.
ICAI has opened the Request for Information: Post-implementation Review of IFRS 9 - Classification and Measurement for comments. Comments on the same may be sent to ICAI electronically, or via email or post by 10th December 2021.
Tax Inspectors Without Borders, a joint initiative of the United Nations Development Programme and the Organisation for Economic Cooperation and Development, launched its programme in Seychelles on 4th October 2021.
The blocking of EWB generation facility has now resumed on the EWB portal for all the taxpayers. Going forward, from the tax period August 2021 onwards, the System will periodically check the status of returns filed in Form GSTR-3B.
On 3rd October 2021, the International Consortium of International Journalists (ICIJ) has come out with what is claimed to be a 2.94 terabyte data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.
Application Forms for CMA Intermediate and Final Examination has to be filled up online only and fees will be accepted through online mode only (including Payfee Module of IDBI Bank).
The Commerce Minister said $5 trillion economy is a bold ambition & every Indian has to contribute in making it possible and make it a mass movement. He further adds - "CAs will play a pivotal role in Catalyzing Reform & Creating Value".
No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 2012 for any offshore indirect transfer of Indian assets if the transaction was undertaken before 28th May 2012.
The gross GST revenue collected in the month of September 2021 is Rs. 1,17,010 crore of which CGST is Rs. 20,578 crores, SGST is Rs. 26,767 crores, IGST is Rs. 60,911 crores and Cess is Rs. 8,754 crores.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)