CAclubindia News

CBDT clarifies that no directive issued to hospitals for disclosing cash they receive

11 May 2021 at 22:07

The news article published in Business Standard with the headline 'IT goes after hospitals over unaccounted cash' is unsubstantiated, clarifies Finance Ministry and CBDT.

Posted in Income Tax | 1 comments | 7818 Views

DGFT's COVID-19 Helpdesk coordinating and resolving International Trade related Issues

10 May 2021 at 22:16

'Covid-19 Helpdesk' of Directorate General of Foreign Trade (DGFT) in the Department of Commerce has from 26.04.2021 onwards started collecting information on the difficulties being faced by exporting community

Posted in Others | 1176 Views

Centre undertakes multiple initiatives to enhance Oxygen availability, distribution and storage infrastructure

10 May 2021 at 22:10

The steps undertaken focused on the entire oxygen supply chain. These include efforts for improving oxygen production, enhancing tanker availability to optimize logistics, improving oxygen storage at the last mile, and easing norms of procurement.

Posted in Others | 1431 Views

FAQ on Accounting for amounts to be incurred towards CSR pursuant to the Companies (CSR Policy) Amendment Rules, 2021

10 May 2021 at 22:02

This FAQ has been issued by the Accounting Standards Board of ICAI on Accounting for amounts to be incurred towards Corporate Social Responsibility (CSR) pursuant to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021.

Posted in Corporate Law | 5796 Views

FM mentions that it is factually incorrect to state that there has been no expenditure on COVID 19 vaccination by the centre

10 May 2021 at 15:35

The amount of Rs. 35,000 crore has been shown under the Demand for Grants No. 40, titled ‘Transfers to States’. The use of the Demand titled ‘Transfers to States’ in no way implies that expenditure cannot be incurred by the Centre.

Posted in Others | 1056 Views

Request for extension of dates for GST & Income Tax Compliances till 31st August 2021 by CAIT

10 May 2021 at 15:27

CAIT, on 7th May 2021, sent a letter to FM Nirmala Sitharaman demanding an extension of dates for GST & Income Tax compliances till 31st August & a six month moratorium on payment of Bank EMI, interest and loans etc.

Posted in GST | 2 comments | 11661 Views

FM Nirmala Sitharaman's reply to Mamata Banerjee's request for exemption of GST/Customs Duty amid COVID-19

10 May 2021 at 05:35

FM Nirmala Sitharaman responded to Smt. Mamata Banerjee's letter seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs via 15 tweets.

Posted in GST | 3 comments | 15024 Views

Request for exemption from GST/Customs duty on COVID related drugs by Mamata Banerjee

10 May 2021 at 05:25

Smt. Mamata Banerjee has written to PM Shri Narendra Modi for providing an exemption from all taxes on oxygen concentrators, cylinders, cryogenic storage tanks. tankers & tank containers and COVID related drugs.

Posted in GST | 1419 Views

Anurag Thakur's reply to Mallikarjun Kharge's - Leader of Opposition, Rajya Sabha representation letter amid COVID-19

10 May 2021 at 05:20

Point wise response by Shri Anurag Thakur elaborating measures taken and rectifying some of the misconceptions in the letter presented by Hon'ble Shri Mallikarjun Kharge - Leader of Opposition, Rajya Sabha.

Posted in GST | 2448 Views

Request to exempt taxes on life saving products by Hon. Sh. Mallikarjun Kharge - Leader of Opposition, Rajya Sabha

10 May 2021 at 05:05

On behalf of the people of India. I write to convey deep concern and sense of anguish regarding the unprecedented crisis the nation faces today.

Posted in GST | 1395 Views