CAclubindia News

Two businessmen arrested in Gurgaon for fraudulent claim of ITC of 40 crores

22 July 2019 at 07:58

Gurugram Zone DGGI arrests two businessmen for fraudulent issuance of around Rs 40 crores of input tax creditGurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Anil Kumar Jain of M/s Ja

Posted in GST | 5 comments | 8751 Views

ICAI announces changes in the syllabus of Foundation course

22 July 2019 at 07:58

Exclusion of Annuity Method, Sinking Fund Method and Provision for Repairs fromChapter 5 of Paper 1: Principles and Practice of Accounting Foundation CourseIt has been observed that ‘Annuity method’, ‘Sinking Fund Method’ and

Posted in Students | 8685 Views

GST Composition CMP-08 return date extended to 31st July

19 July 2019 at 10:21

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Central Board of Indirect Taxes and CustomsNotification No. 34/2019 - Central TaxNew Delhi, the

Posted in GST | 1 comments | 9375 Views

Pass Percentage of CPT exam held on June 16, 2019

18 July 2019 at 16:53

The Institute of Chartered Accountants of India (ICAI) today announced the result of Common Proficiency Test (CPT) exam held on June 16, 2019.The result analysis of the CPT Examination in terms of total pass percentage & gender wise details are m

Posted in Students | 9 comments | 18756 Views

CPT June'19 results declared

18 July 2019 at 14:09

Results of the Common Proficiency Test (CPT) held in June 2019 declared.Click the below-mentioned sites to check your results icaiexam.icai.org caresults.icai.org icai.nic.in

Posted in Students | 3 comments | 5124 Views

CBDT clarifies no major changes have been introduced in the ITR-2 and ITR-3

17 July 2019 at 12:31

CBDT issues clarification on incorrect reports in social media pertaining to difficulty in filing of Income Tax ReturnsCentral Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms incl

Posted in Income Tax | 10 comments | 21612 Views

DGGST arrests a person for fraudulently claiming ITC of over 5.06 crores

17 July 2019 at 12:31

The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unitarrests one person for taking ITC fraudulently to the tune of more than Rs 5.06 Crore The Directorate General of GST Intelligence (DGGI),Gurugram Zonal Unit, Gurugram has arrested

Posted in GST | 4 comments | 10308 Views

Impact of GST on Apparel Sector

13 July 2019 at 15:02

GST incidence of taxes on these goods. To reduce the cost of garment industry, GST rate on manmade fibre yarns has been reduced from 18% to 12%. Further, the refund of accumulated input tax credit on fabrics has also been allowed to reduce cost of fa

Posted in GST | 7329 Views

Model Tenancy Act to regulate renting of Premises announced in Budget

13 July 2019 at 11:32

Model Tenancy Act(MTA) to Promote Growth of Rental Housing Segment by Regulating Renting of Premises To Balance Interests of Owner & Tenant by Establishing Adjudicating Mechanism for Speedy Dispute Redressal Draft Model Tenancy Act(MTA), 2019 Iss

Posted in Union Budget & Policy | 1 comments | 4824 Views

Download Pre-filled XML available for ITR 1, 2, 3 and 4

13 July 2019 at 11:32

Taxpayers are requested to note the followings in connection with pre-filling of ITRs-1. Pre-filling of ITR is only for the taxpayer's convenience. Taxpayers should verify the pre-filled data carefully and add any other taxable income which is no

Posted in Income Tax | 1 comments | 9480 Views