The Institute of Cost Accountants of India has postponed the June 2021 CMA Foundation, Inter and Final Exams. The Foundation exams will now commence from 5th September 2021, and the Inter and Final exams from 21st October 2021.
The net effect of the amendments carried out to the Customs Brokers Licensing Regulations, 2018 and Sea Cargo Manifest and Transhipment Regulations, 2018, is that the existing licenses/registration would have a lifetime validity.
The 161st anniversary of Income Tax Day was observed by the Central Board of Direct Taxes and all its field offices across India on 24th July 2021. As part of the observance, the field formations held a range of activities.
Make in India initiative has made significant achievements and presently focuses on 27 sectors under Make in India 2.0. Startup India initiative generates more than 26000 employment in Tamil Nadu in three years.
SEBI has extended the timeline to hold the Annual General Meeting by Top 100 Listed Entities by Market Capitalisation. Accordingly, such entities shall hold their AGM within a period of six months from the date of closing of FY 2020-21.
The Government had issued notifications under Section 168A of the CGST Act, 2017, wherein the time limit for completion of various actions, by any authority or by any person, under the CGST Act, which falls during the specified period, had been extended.
MCA has notified a new Rule 33A after Rule 33 which shall deal with the Allotment of a new name to the existing company under section 16(3) of the Act. Furthermore, in the annexure, a new Form INC-11C has also been inserted after Form No.INC-11B.
On Thursday, 22nd July 2021, around 100 officials from the Income Tax Department conducted a raid at over 30 locations of the Media Group Dainik Bhaskar's offices in Madhya Pradesh, Maharashtra, Delhi, Rajasthan and Gujarat.
Certain allegations have appeared in some sections of media that IT Dept officials were suggesting changes in stories & taking editorial decisions during their search on offices of Media Group Dainik Bhaskar.
If there is no liability to be paid during the year, the liability paid through Form GST CMP-08 shall move to negative liability statement and the same excess amount can be utilised to pay the liability of future tax periods.
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