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Producer Companies Rules, 2021

February 11, 2021 4605 Views 1 comment Print

MCA notifies Producer Companies Rules, 2021 in supersession of the Producer Companies (General Reserve) Rules, 2003. new rules defines the term ‘co-operative society’ for the purpose of this rule. New rule specifies Rules for Change of place of registered office from one State to another of Producer Companies and Investment of general reserves of Producer […]

Person having network of 46 fake firms arrested in Fake GST ITC case

February 11, 2021 1143 Views 0 comment Print

In the ongoing drive against fake billing operations, the officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, have unearthed a multi-layered network of fictitious firms being used by their operators to generate and pass on fake ITC.

CA Foundation & IPC Nov 2020 Exam- Pass Percentage & Topper

February 9, 2021 36183 Views 2 comments Print

Pass Percentage and Toppers of Chartered Accountants Intermediate ( Old & New Course) & Foundation Examination held in November, 2020. THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) Public Relations Committee The Institute of Chartered Accountants of India 8th February, 2021 ICAI Press Release The Institute of Chartered Accountants […]

Bank Branch Auditors’ Panel of Chartered Accountants/firms

February 8, 2021 14731 Views 0 comment Print

Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2020-21 Members are hereby informed that Final Bank Branch Auditors’ Panel of Chartered Accountants / firms for the year 2020-21 has been hosted at https://app.meficai.org/panel till 8th February, 2021 thereafter the same will be sent to RBI.  The Panel contains the following: 1. MEF No. 2. FRN No./MRN No. 3. Concern Name 4. Unique Code […]

FCRA Charter For Chartered Accountants

February 7, 2021 4455 Views 0 comment Print

Charter For The Chartered Accountants Since the Foreign Contribution (Regulation) Act, 2010 (FCRA, 2010) is dealing with national security, associations are required to exercise extreme care and caution in utilising foreign contribution. 2. Chartered Accountants (CAs) examine and audit all relevant books of accounts and Bills and vouchers of FCRA associations and then present audited […]

ITAT holds its first bench at Jammu ICAI Premises

February 6, 2021 1005 Views 0 comment Print

ICAI had entered into an MOU with al (ITAT) whereby ICAI extended the facility of using ICAI infrastructure at branches for conducting camp hearings of ITAT as and when required at ICAI branches& offices across the country including Srinagar & Ladakh.

MCA21 Version 3.0 to be launched in Fiscal 2021-22

February 6, 2021 8349 Views 0 comment Print

MCA will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management. MCA21 system is the first Mission Mode e-Governance project of Government of India.

No service tax on software maintenance services prior to 01.06.2007

February 4, 2021 2670 Views 0 comment Print

Respondent is engaged in providing services with regard to maintenance and repair of computer software. Vide Notification dated 21.08.2003, the maintenance services related to computers, computer systems or computer peripherals were exempt from payment of service tax.

Budget 2021 Announcements for Fisheries Industry

February 4, 2021 2787 Views 0 comment Print

Fisheries has been recognized as a ‘Sunrise Sector’ and has demonstrated an outstanding double-digit average annual growth of 10.87%since 2014-15. The sector has reached record fish production of 142 lakh tons in FY 2019-20 and has immense potential for growth.

DGGI arrests a CA for not depositing GST of client

February 4, 2021 2010 Views 0 comment Print

CA firm of M/s Starcrest Services Pvt. Ltd. M/s Rampal and Company had collected GST from M/s Starcrest Services Pvt. Ltd. for onward deposit to government exchequer towards GST liability of the company but they did not deposit the amount approximating of Rs. 12.67 crore in the government exchequer and in turn mis-appropriated the same.

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