The amount of penalty payable by any registered person under section 125 of the CGST Act for non-compliance of the provision stands waived for the period between 1st December 2020 to 30th September 2021.
CA. Nihar N. Jambusaria - President, ICAI's July 2021 message for members and students.
As GST Completes four years today, Anurag Thakur - Union Minister of State for Finance & Corporate Affairs pens down a message for the citizens of the country reflecting upon these four years under the GST Regime.
In a tweet, the Prime Minister said, "Greetings to all Chartered Accountants on CA Day. This community has a vital role in India’s progress. I call upon all CAs to keep the focus on excellence so that Indian firms emerge as one of the best globally."
ICSI has released the Admit Card for CSEET exam, which is to be conducted on 10th July 2021 via Remote Proctored Mode. The same can be downloaded by visiting the link - https://tinyurl.com/y37ouphz from 29th June 2021 onwards.
The Central Board of Direct Taxes has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st August 2021.
Section 194Q of the Income Tax Act, which has been effective from 1st July 2021 onwards has created a lot of confusion among taxpayers and professionals. Thus, the CBDT has issued certain guidelines and clarifications under the section.
On the eve of the completion of 4 years of the GST, it has been decided to honour the taxpayers who have been a part of the GST success story. As an acknowledgement, CBIC will be issuing certificates of appreciation to these taxpayers.
On account of the disruptions caused by the second wave of COVID 19, especially on the healthcare sector, PM Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling funding to the tune of Rs. 50,000 crore.
The Government of India has received Rs.3,54,787 crore for May 2021 comprising Rs. 2,33,565 crore Tax Revenue (Net to Centre), Rs. 1,16,412 crore of Non Tax Revenue and Rs.4,810 crore of Non Debt Capital Receipts.
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards