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Archive: 10 January 2022

Posts in 10 January 2022

ICAI requested CBDT to waive penalty for filing of tax audit reports

January 10, 2022 9300 Views 2 comments Print

The Institute of Chartered Accountants of India has submitted a representation on 6th January, 2022 to Chairman, CBDT requesting to consider waiver of penalty and other consequences for furnishing of Report of Audit under any provision of the Income-tax Act, 1961 for the A. Y. 2021-22 after January 15, 2022.

Campus Placement Programme for Chartered Accountants -Feb-March 2022

January 10, 2022 1641 Views 0 comment Print

Campus for Newly Qualified Chartered Accountants (NQCAs) – February-March, 2022 Maintaining strong and spontaneous relationship with the industry and other business houses remains the main focus of the Committee for members in Industry & Business (CMI&B) of the Institute of Chartered Accountants of India (ICAI). An initiative to that effect remains the Campus Placement Programme […]

Framework for operationalizing the Gold Exchange in India

January 10, 2022 780 Views 0 comment Print

The supply of the physical gold, to be converted into EGR, shall be the fresh deposit of gold, coming into the vaults, either through imports or through stock exchange/s accredited domestic refineries.

Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST ITC Racket

January 10, 2022 2613 Views 0 comment Print

Navi Mumbai CGST Commissionerate busts Rs. 70 Crores Fake GST Input Tax Credit (ITC) Racket The officers of Navi Mumbai CGST Commissionerate of Mumbai Zone have busted a fake GST Input Tax Credit racket involving GST of Rs 70 Crores. This network, which involves more than 14 business entities had issued bogus invoices more than […]

Amendment in Export Policy of Enoxaparin/IVIG (formulation & API)

January 10, 2022 1191 Views 0 comment Print

The export of Enoxaparin (Formulation and API) and Intra-Venous Immunoglobulin (IVIG) (Formulation and API) falling under the ITC (HS) Codes specified above or falling under any other HS Code has been put under restricted category, with immediate effect.

Introduction & implementation of E-voting in ensuing 5 State Assembly Polls

January 10, 2022 639 Views 0 comment Print

We crave leave to convey our deep gratitude and thanks to the Commission for carving out a well prepared Election schedule for the ensuing polls for five State Assemblies. It is gratifying to note that the Commission has taken an on ground assessment of the current situation of covid in poll bound States and being satisfied that elections shall not be an instrument for further escalation of covid in these States, the commission has announced the election schedule.

No restriction on parallel proceedings by different jurisdictional offices pertaining to different causes of action: SC

January 10, 2022 2835 Views 0 comment Print

Euphoria Technologies Pvt. Ltd. Vs DGGI (Supreme Court of India) This Writ Petition under Article 32 of the Constitution of India has been filed for a direction to the respondent(s) to transfer the investigation pertaining to Summons No. F.NO.DZU/INV/A/GST/27/2021 pending at Delhi to the Directorate General of GST Intelligence, Surat Zonal Unit, Gujarat, on the […]

Weekly newsletter from Chairman, CBIC dated 10/01/2022

January 10, 2022 831 Views 0 comment Print

The first week of the New Year brings with it the onset of the third wave of COVID-19. As the number of cases mount, we need to be ready, individually as well as institutionally, to meet squarely the challenge, as we have in the past. Please do not let your guard down, follow COVID – appropriate behavior at all times; test 85 isolate if necessary; stay safe and keep your colleagues, near 85 dear ones safe.

Advisory Board for Banking & Financial Frauds – Extension of Scope – Rs. 3 cr to 50 cr

January 10, 2022 1503 Views 0 comment Print

The ABBFF will examine all cases of total amount involving Rs.3.00 Crore and up to Rs.50.00 Crore also, which are classified as Fraud and reported to RBI by PSBs and in case of PSFIs, fraud declared, on or after 06.01.2022.

MHA suggestions for Treatment & Care of Transgender Persons in Prisons

January 10, 2022 519 Views 0 comment Print

No. 17013/26/2021-PR Government of India Ministry of Home Affairs *** Women Safety Division, Hall No. 2, Major Dhyan Chand National Stadium, India Gate, New Delhi — 110001 January 10, 2022 To 1. The Chief Secretaries/Administrators of all States and UTs 2. Director General/IG (Prisons) of all States and UTs Sub: Treatment and Care of Transgender […]

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