CAclubindia News


Year End Review - 2020 for Department for Promotion of Industry & Internal Trade

   31 December 2020 at 16:16

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.

Posted in Others |   1929 Views


CCI approves acquisition by Jamnalal Sons Private Limited of 51% of equity share capital of Mukand Sumi Special Steel Limited

   31 December 2020 at 16:16

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.

Posted in Shares & Stock |   3330 Views


CCI approves acquisition by TPG Growth V SF Markets Pte. Ltd. of 8% (approx.) of the equity shareholding of API Holdings Private Limited

   31 December 2020 at 16:16

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.

Posted in Shares & Stock |   2877 Views


GST Portal - Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

   31 December 2020 at 12:39

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.

Posted in GST |   7809 Views


Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC

   31 December 2020 at 12:39

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.

Posted in Others |   1479 Views


CBIC amends the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010

   31 December 2020 at 12:39

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.

Posted in Custom |   3888 Views


2,86,145 returns have been filed on 30th December up to 7:45 PM on the GST Portal

   31 December 2020 at 10:34

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.

Posted in GST |   2217 Views


16,66,548 ITRs for AY 2020-21 have been filed on 30th December up to 8 PM

   31 December 2020 at 10:34

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.

Posted in Income Tax |   1344 Views


CBIC cautions taxpayers regarding Fraudulent Calls, SMS, and Emails

   31 December 2020 at 10:34

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.

Posted in Income Tax |   1668 Views


Odisha becomes the 7th State to complete ease of doing business reforms; Additional borrowing permission of Rs. 1,429 crores issued

   31 December 2020 at 10:19

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.

Posted in Others |   1395 Views



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