CAclubindia News

RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

12 May 2023 at 08:50

RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises

Posted in Community & General | 3558 Views

Tax authorities investigate shell firms for fraudulent ITC claims

12 May 2023 at 08:50

According to a report officials have prepared a detailed list of entities and their beneficiaries that allegedly created multiple shell firms to represent fake transactions and the tax authorities will target such entities during the next two months.

Posted in GST | 3678 Views

Automated Return Scrutiny Module rolled out for GST returns in ACES-GST backend application

12 May 2023 at 08:50

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers

Posted in GST | 5577 Views

ICAI | No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023

12 May 2023 at 08:50

The Advanced IT (Old Syllabus) Test conducted by Examination Department for students who have undergone Advanced IT (Old Syllabus) course will not be conducted after September 2023.

Posted in Students | 14532 Views

ICAI releases Schedule of Convocation 2023

11 May 2023 at 15:48

Members & Students Services (Grievances Handling and e-Sahaayataa) DirectorateThe Institute of Chartered Accountants of India11th May, 2023 Convocation 2023The next ICAI Convocation will be held at following Cities as per dates mentioned, for Mem

Posted in Students | 22539 Views

CBIC reduces e-invoicing limit from 10 crore to 5 crore w.e.f. 1st August 2023

11 May 2023 at 08:59

CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023.

Posted in GST | 1 comments | 19941 Views

CBIC extended deadline to opt for Forward Charge option by GTAs to 31st May 2023

11 May 2023 at 08:55

CBIC has issued notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency shall be exercised on or before the 31st May, 2023.

Posted in GST | 6978 Views

ICAI defers second phase of Peer Review Mandate

11 May 2023 at 08:53

The second phase of the mandate is applicable wef July 1, 2023

Posted in Professional Resource | 3756 Views

Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments

11 May 2023 at 08:52

Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)

Posted in Accounts | 4764 Views

Formation agents of companies, LLPs to be covered under PMLA

10 May 2023 at 08:47

The government on Tuesday amended the anti-money laundering law to bring individuals acting as formation agents of companies and others under its ambit.

Posted in Income Tax | 7143 Views