CAclubindia News
CBDT issues refunds to more than 19.59 lakh taxpayers between 1st April to 12th July, 2021
15 July 2021 at 19:47Income tax refunds of Rs. 11,731 crore have been issued in 18,52,540 cases & corporate tax refunds of Rs. 27,220 crore have been issued in 1,06,433 cases.
Reserve Bank of India takes supervisory action on Mastercard Asia / Pacific Pte. Ltd
15 July 2021 at 06:40The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021.
Cabinet approves increase in Dearness Allowance and Dearness Relief
14 July 2021 at 20:19Dearness Allowance to Central Government employees and Dearness Relief to pensioners has been increased with effect from 01.07.2021 to 28% representing an increase of 11% over the existing rate of 17% of the Basic Pay/Pension.
BHIM-UPI launched in Bhutan by Finance Minister Nirmala Sitharaman
13 July 2021 at 20:46With the launch of BHIM-UPI in Bhutan, the payment infrastructures of the two countries are seamlessly connected and will benefit a large number of tourists and businessmen from India who travel to Bhutan each year.
GST officials booked 8000 cases involving fake ITC of over Rs 35K crore in FY 2020-21
13 July 2021 at 20:41During the FY, 426 persons including 14 professionals such as CAs, Lawyers and masterminds, beneficiaries, directors etc. were arrested. Moreover, a nation-wide special drive against the fake GST invoice was launched w.e.f. 9th November 2020.
Clarification by Ministry of Finance regarding holding of competitive exam of PSBs in local languages by IBPS
13 July 2021 at 20:37In order to look into the demand for holding examination for clerical cadre in PSBs in local/regional languages, a Committee has been constituted to look into the matter in its entirety, which will give its recommendations within 15 days.
Delhi Government specifies the Format/Schema for e-Invoice under GST
13 July 2021 at 05:55E-invoicing involves the submission of an already generated standard invoice on a common e-invoice portal. In this regard, the Delhi Government has specified a Format/Scheme for e-invoice under GST.
IFSCA issued Framework for Setting up and operating ITFS platform
12 July 2021 at 20:45The International Financial Services Centres Authority (IFSCA) has been set up vide IFSCA Act, 2019 to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs).
Shri Rao Inderjit Singh takes charge as Union Minister of State in Ministry of Corporate Affairs
12 July 2021 at 20:45Active in public service for over 4 decades, Shri Singh was earlier a Member of Legislative Council (MLA) from Jatusana Vidhan Sabha in Haryana and served as Minister in the state Government of Haryana.
CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore
11 July 2021 at 16:04Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible ITC through goods less invoices of Rs 91 crore (approx).
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