CAclubindia News


Dr Bhagwat Kishanrao Karad takes charge as Minister of State in the Ministry of Finance

   09 July 2021 at 05:32

Dr Karad is a first time member of the Rajya Sabha. Active in public service, he has served as Mayor of Aurangabad Municipal Corporation and also as Chairman of Marathwada Legal Development Corporation.

Posted in Community & General |   2136 Views


Response from Ministry of Finance on reports relating to freezing of Indian assets in France

   09 July 2021 at 05:32

There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India  has not received any notice, order or communication, in this regard, from any French Court.

Posted in Custom |   1578 Views


CBDT issues refunds to more than 17.92 lakh taxpayers between 1st April to 5th July, 2021

   08 July 2021 at 17:04

Income tax refunds of Rs. 10,408 crore have been issued in 16,89,063 cases & corporate tax refunds of Rs. 26,642 crore have been issued in 1,03,088 cases.

Posted in Income Tax |   1599 Views


Retail and Wholesale Trade are now allowed to migrate to Udyam Registration Portal

   08 July 2021 at 10:57

The Ministry of MSME earlier notified that Retail and Wholesale Trade will now be included under the ambit of MSMEs. In this regard, RBI has notified that Retail and Wholesale Trade are now allowed to migrate to the Udyam Registration Portal.

Posted in Community & General |   2301 Views


CBDT notifies amendment in the computation of short term capital gains

   08 July 2021 at 05:42

CBDT has released the Income Tax Amendment (19th Amendment), Rules, 2021 under which an amendment has been notified in the computation of short term capital gains and written down value under section 50 where depreciation on goodwill has been obtained.

Posted in Income Tax |   10566 Views


Launch of online filing of application for Authorised Economic Operators (AEO T2 and AEO T3)

   07 July 2021 at 21:00

The new version (V 2.0) of the web application is designed to ensure continuous real-time and digital monitoring of physically filed AEO T2 and AEO T3 applications for timely intervention and expedience.

Posted in Custom |   1926 Views


ICAI signs MoU with Qatar Financial Centre (QFC) for export of accounting services to Qatar

   07 July 2021 at 06:22

ICAI has signed an MOU with Qatar Financial Centre (QFC) for the export of accounting services to Qatar and & exploring professional and business opportunities for ICAI members through collaborative initiatives.

Posted in Professional Resource |   1953 Views


Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers

   06 July 2021 at 20:29

Discussing important changes w.r.t Auto population of GSTR-3B liability from IFF and Form GSTR 1, Nil filing of Form GSTR-1 (Quarterly) through SMS, and Impact of cancellation of registration on liability to file Form GSTR-1.

Posted in GST  2 comments |   9510 Views


Rs 92,849 crore gross GST revenue collected in June 2021

   06 July 2021 at 18:52

The gross GST revenue collected in the month of June 2021 is Rs 92,849 crore of which CGST is Rs 16,424 crore, SGST is Rs 20,397, IGST is Rs 49,079 crore and Cess is Rs 6,949 crore.

Posted in GST |   1749 Views


Technical guidance on how to appear for CSEET to be held through Remote Proctored mode on 10th July 2021

   05 July 2021 at 22:11

The Institute of Company Secretaries of India has provided web links for students appearing for the CSEET Exam through Remote Proctored Mode on 10th July 2021, to further guide them regarding the technical requirements of the exam.

Posted in Students |   1914 Views



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