Kerala and West Bengal will get Rs. 10,197 crore through a special borrowing window to meet the GST implementation shortfall. Permission to raise an additional Rs.11,309 crore through borrowings also issued to Kerala and West Bengal.
The Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Vereniging van Register controllers(VRC), the Netherlands has been approved by the Cabinet.
CA IPC and Intermediate Examination, Paper – 3, scheduled to be held on 26th November 2020, in some cities of Tamil Nadu and U.T Puducherry stand rescheduled.
The Mumbai Zonal Unit of the Directorate General of GST Intelligence, CBIC & Custom, on November 25, 2020, arrested three persons for having indulged in massive frauds involving the availment & utilization, as well as passing on of ineligible ITC
Income tax refunds of Rs. 36,028 crore have been issued in 39,28,067cases &corporate tax refunds of Rs. 1,00,934 crore have been issued in 1,96,880 cases.
Almost two and half time rise in Procurement & Payment between May & October 2020 from about Rs. 2300 crore to about Rs. 5000 crore
In view of heavy rains due to the Nivar cyclone in the State of Tamil Nadu and Puducherry (U.T), the Chartered Accountants IPC and Intermediate Paper-2 stand rescheduled.
In view of the Nivar Cyclone, CA Exams in some cities of Tamil Nadu and Pondicherry have been rescheduled. Read the official announcement regarding the cities and rescheduled dates here.
Finance Minister Smt. Nirmala Sitharaman says the momentum of reforms continues during the pandemic and will continue; the economy is facing a reset exercise.
Salient features of the Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme including the Class of RPs with AATO and Default Return Option.
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