CAclubindia News

Availability of Input Tax Credit (ITC) for FY 2020-21

18 October 2021 at 08:38

As per Section 16(4) of CGST Act, 2017, no taxpayer shall take ITC in respect to records (invoices and debit notes) for the supply of goods or services for FY 2020-21 after the due date of furnishing the return for the month of September 2021.

Posted in GST | 1 comments | 12084 Views

Exam enrollments for December 2021 CS Exams commenced from 14th October 2021

15 October 2021 at 09:16

Foundation Programme Examination for December 2021 Session will be held on 3rd and 4th January 2022 in anywhere mode through remote proctoring. All students are advised to go through the guidelines for the same.

Posted in Students | 1692 Views

Over 2 crore ITRs filed on the New IT Portal amid Reporting of Technical Glitches

15 October 2021 at 09:16

More than 2 crore ITRs for AY 2021-22 have been filed on the portal, of which ITRs 1 & 4 constitute 86%. It is encouraging to note that more than 1.70 crore returns have been e-verified, out of which 1.49 crore are through Aadhaar based OTP.

Posted in Income Tax | 2061 Views

ICSI to open Online Facility for Verification of Marks 14th October 2021

14 October 2021 at 06:09

In terms of Regulation 42 (2) of the Company Secretaries Regulations, 1982 as in force, a candidate may apply for "Verification of Marks" in any subject(s) of CS examination within 21 days from the date of declaration of his/her result.

Posted in Students | 1641 Views

CBDT issues refunds to more than 59.51 lakh taxpayers from 1st April to 11th October 2021

14 October 2021 at 06:09

Income tax refunds of Rs. 22,214 crore have been issued in 57,83,032 cases & corporate tax refunds of Rs. 62,567 crore have been issued in 1,67,718 cases. This includes 29.23 lakh refunds of AY 2021-22 amounting to Rs. 2241.39 crore.

Posted in Income Tax | 1581 Views

1 arrested by Delhi CGST Officials for fraudulently claiming ITC of Rs 134 crore

14 October 2021 at 06:09

Mr Chirag Goel masterminded a deep-rooted conspiracy to defraud the Government and committed offences specified under Section 132(1)(c) of the CGST Act, 2017 which are cognizable and non-bailable.

Posted in GST | 3846 Views

June 2021 CS Exam Results to be declared on 13th October 2021

13 October 2021 at 08:09

The result of CS Examinations for (i) Professional Programme (ii) Executive Programme and (iii) Foundation Programme, June 2021 session is scheduled to be declared at 11.00 A.M., 2.00 P.M. and 4:00 P.M. respectively on Wednesday, the 13th October 2021.

Posted in Students | 1812 Views

Union minister for MSMEs calls for concerted efforts to enhance growth of MSME sector

13 October 2021 at 08:09

Shri Narayan Rane has exhorted the officers of MSME Ministry to brace up for enhancing the output of MSME sector. He pointed towards the possibility of quantum jump in India’s exports through MSME sector, which can lead to achieving higher GDP.

Posted in Corporate Law | 1674 Views

Total Revenue Deficit Grant of Rs. 69,097.00 crore released to States in current financial year

12 October 2021 at 21:59

The Department of Expenditure, Ministry of Finance has released the 7th monthly instalment of the PDRD Grant of Rs. 9,871.00 crore to the States. With the release of this instalment, a total amount of Rs. 69,097.00 crore has been released.

Posted in Community & General | 1503 Views

72nd Annual Report and Accounts of ICAI for the year 2020-21

11 October 2021 at 09:39

ICAI has published the 72nd Annual Report and Accounts of the Institute for the year 2020-21 in the Gazette of India. Moreover, members can also request a hard copy by emailing the Council at councilaffairs@icai.in.

Posted in Professional Resource | 5187 Views