To improve the Ease of Doing Business in the country, the emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective.
The Competition Commission of India (CCI) approves acquisition by Jamnalal Sons Private Limited (“JSPL/Acquirer”) of 51% of the equity share capital of Mukand Sumi Special Steel Limited (“MSSSL/Target”) under Section 31(1) of the Competition Act, 2002.
CCI approves acquisition by TPG Growth V SF Markets Pte. Ltd. (“TPG/Acquirer”) of 8% (approx.) of the equity shareholding of API Holdings Private Limited (“API/Target”) under Section 31(1) of the Competition Act, 2002.
For those taxpayers who had started e-invoicing from 1-10-2020, the auto-population of e-invoice data into GSTR-1 (of December 2020) had started from December 3rd, 2020.
The approved proposals have a total estimated cost of Rs. 7,725 crore and an estimated employment generation of more than 2.8 lakh persons.
The Central Board of Indirect Taxes and Customs has amended the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. Read the official announcement and amendments made here.
The GST Portal, via their official Twitter Handle has released the daily statistics of Annual GST Returns filed. Know the statistics for 30th December here.
The Income Tax Department, via their official Twitter Handle has released the daily statistics of Income Tax Returns Filed. Know the statistics for 30th December here.
CBIC, via their official Twitter handle, has bewared the taxpayers on not falling prey to fraudulent calls, SMS or emails, and has clarified that the Indian Customs never calls or sends messages for paying duty in a personal bank account.
The State has become eligible to mobilize additional financial resources of Rs. 1,429 crores through Open Market Borrowings. Permission for the same was issued by the Department of Expenditure on 30th December 2020.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CAclubindia
