CAclubindia News

DPIIT recognizes 50,000 startups under Startup India Scheme

03 June 2021 at 20:50

With the launch of the Startup India initiative, recognized startups have now spread across 623 districts. Each State and UT has at least one startup. 30 States and UTs have announced specific Startup Policies to support startups.

Posted in Others | 1734 Views

CBIC changes the place of supply for B2B MRO services in case of the shipping industry, to the location of the recipient

03 June 2021 at 06:18

The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.

Posted in Custom | 1899 Views

ICAI releases ED on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors

02 June 2021 at 22:25

The Institute of Chartered Accountants of India has released the Exposure Draft on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors and the same has been made available for public comments until 1st July 2021.

Posted in Accounts | 2820 Views

The idea of GST: RIP says Former Finance Minister P. Chidambaram

02 June 2021 at 18:36

The Former Finance Minister P. Chidambaram on Wednesday, 2nd June 2021, took to his Twitter handle to lay down GST in 10 points. Given in this news piece are his official Tweets.

Posted in GST | 6 comments | 9699 Views

CBIC rationalizes late fee for delay in filing of return in Form GSTR-4

02 June 2021 at 07:25

CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-4 for FY 2021-22 in cases where the late fee is in excess of Rs. 250, where the total tax payable is NIL and in cases where the late fee is in excess of Rs. 1000.

Posted in GST | 2493 Views

CBIC rationalizes late fee for delay in furnishing of the statement of outward supplies in Form GSTR-1

02 June 2021 at 07:18

Vide Notification No. 20/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1 from June 2021 onwards or the quarter ending June 2021 onwards.

Posted in GST | 3033 Views

CBIC rationalizes late fee for delay in filing of return in Form GSTR-3B

02 June 2021 at 07:11

Vide Notification No. 19/2021 – Central Tax, CBIC has rationalized late fee for delay in filing of return in FORM GSTR-3B w.e.f 20th May 2021 and has provided a conditional waiver of late fee for delay in filing FORM GSTR-3B from July 2017 to April 2021.

Posted in GST | 3405 Views

CBIC provides relief by lowering of the interest rate for a specified time for tax periods March 2021 to May 2021

02 June 2021 at 07:03

Vide Notification No. 18/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has provided relief to taxpayers by lowering the interest rate for a specified time for tax periods March 2021 to May 2021, w.e.f 18th May 2021.

Posted in GST | 2202 Views

CBIC amends Rule 36(4) via Central Goods and Services Tax (Fifth Amendment) Rules, 2021

02 June 2021 at 06:54

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fifth Amendment) Rules, 2021 under which, amendments have been made under Rule 26(1) and 36(4) of the CGST Rules 2017.

Posted in GST | 2922 Views

CBIC extends the due date for furnishing of FORM ITC-04 for QE March, 2021 to 30th June 2021

02 June 2021 at 06:50

Vide Notification No. 26/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended the due date for furnishing of FORM ITC-04 for QE March 2021 to 30th June 2021.

Posted in GST | 1575 Views