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Archive: 23 December 2020

Posts in 23 December 2020

No addition for under invoicing merely based on Section 132(4) statement

December 23, 2020 1614 Views 0 comment Print

DCIT Vs Bharathi Consumer Care Products Pvt. Ltd. (ITAT Visakhapatnam) In the instant case there was no evidence found in the premises of the assessee to show that the assessee is under invoicing the sales. No other material was found and seized from the premises of the assessee with regard to receipt of cash from […]

RBI Cautions against unauthorised Digital Lending Platforms/Mobile Apps

December 23, 2020 519 Views 0 comment Print

There have been reports about individuals/small businesses falling prey to growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in quick and hassle-free manner.

Request to extend Due date of Annual GST Return & Audit

December 23, 2020 10344 Views 0 comment Print

Bhayander CA Social Group has made a representation requesting for extension of Due date for filing GST Annual Return & GST Audit for the Financial Year 2018-19 till 31st March 2021. Full text of the representation is as follows:- Bhayander CA Social Group BCASG/20-21/01 Date: 22 December’2020 To, Smt. Nirmala Sitaraman Hon’ble Finance Minister, Ministry […]

Filing of reporting to Stock Exchanges for violations of Insider Trading Regulations, relating to Code of Conduct

December 23, 2020 4236 Views 0 comment Print

In order to ease the filing of Reporting for violations of Code of Conduct (CoC), the Exchange has now provided a facility in the Listing Centre for filing by the listed companies. The path for this filing in the BSE Listing Centre is as follows:

SOP for Epidemiological Surveillance & Response in context of new variant of SARS-CoV-2 virus detected in UK

December 23, 2020 405 Views 0 comment Print

A new variant of SARS- CoV 2 virus [Variant Under Investigation (VUI)-20212/01] has been reported by the Government of United Kingdom (UK) to World Health Organization (WHO). This variant is estimated by European Center for Disease Control (ECDC) to be more transmissible and affecting younger population.

Anti-dumping investigation on imports of Flat Rolled Products of Stainless Steel

December 23, 2020 6108 Views 0 comment Print

Case No. OI-10/2019 Anti-dumping investigation concerning imports of Flat Rolled Products of Stainless Steel originating in or exported from China PR, Korea RP, European Union, Japan, Taiwan, Indonesia, USA, Thailand, South Africa, UAE, Hong Kong, Singapore, Mexico, Vietnam and Malaysia.

Digi-Locker for ICAI Members and Students

December 23, 2020 4230 Views 1 comment Print

Public Relations Committee The Institute of Chartered Accountants of India 23rd December, 2020 ICAI PRESS RELEASE Digi-Locker for ICAI Members and Students The Institute of Chartered Accountants of India (ICAI) through its Members & Students Services Directorate is taking various initiatives with prime objective to provide best services to its members & students. ICAI constantly […]

ICAI: January 2021 Examination & Exam City Change Application

December 23, 2020 432 Views 0 comment Print

In continuation of announcement dated 7th November 2020 provided an optout facility to the examinees of November 2020 exams to appear in January/ May 2021 examinations, based on candidates opted out/appeared, list of candidates eligible to appear in January/ May 2021 has been finalized.

53 Associations requests Extension for GSTR 9, 9A & 9C

December 23, 2020 19209 Views 5 comments Print

53 GST and Trade Associations made a Joint Petition to FM and requested for Extension of due dates for GSTR-9 GSTR-9A & GSTR- 9C and Extension of Time limit u/s 16(4) for Financial Year 2018/19 and 2019/20. It further requested for extension of time limit for filing GSTR 1 & GSTR 3B of FY 1920 […]

Extend Income Tax & GST Return & Audit due dates

December 23, 2020 4380 Views 1 comment Print

Chandigarh Chartered Accountants Taxation Association has made a request for extension of various due dates under Income-tax Act, 1961 for AY 2020- 21 and for filing the Annual Reconciliation Statement (GSTR9C) along with the annual return (GSTR9) for financial years 2018-2019 & 2019-2020. Full text of their Representation to Smt. Nirmala Sitharaman, The Hon’ble Finance […]

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