All the States except Tamil Nadu have availed benefits of the newly announced scheme. The scheme was announced by the FM on 12th October 2020 as a part of the AatmaNirbhar Bharat package.
Enhancements in e-Way Bill System
CBIC, on 11th December 2020 has further made changes in the notification of the Finance Ministry No. 63/1994-Customs (N.T.) dated the 21st November 1994.
As a part of #AatmaNirbharBharat Abhiyaan additional borrowing limit of up to 2% of Gross State Domestic Product (GSDP) was allowed to the States for the year 2020-21, equivalent to Rs. 4,27,302 crores.
To handle the menace of fake firms, fly-by-night operators, and circular trading entities, GST field formations canceled 1,63,042 registrations in the month of Oct & Nov due to non-filing of GSTR-3B returns.
The Institute of Chartered Accountants of India has operationalized New Overseas Office in Singapore to boost collaboration & bilateral relationship.
Firm action has been taken by CGST Delhi Zone in this financial year i.e. 2020-21, has resulted in detection of GST evasion of 3542.02 Crores, and 14 accused have been arrested so far.
It is notified for general information that the next CA Exams for the students who had opted-out from November 2020 Exams and opted for Nov 2020 Cycle - II is scheduled from 21st Jan 2021 to 7th Feb 2021.
Rs 3 lakh cr Collateral-Free Guaranteed Loans – Budgetary provision of Rs.4000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21.
ICAI Start Up Manthan 2.0 - Hear all about fund raising, regulations & taxation for startups from renowned experts. Join us Live for Day 4 on 11th December 2020 at 3 PM.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)