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Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022

June 1, 2022 2487 Views 0 comment Print

Provisions of Master Direction – RBI (Variation Margin) Directions, 2022 shall apply to contracts, entered into on or after the date on which these Directions come into force

Shri Ashwani Bhatia takes charge as Whole Time Member, SEBI

June 1, 2022 621 Views 0 comment Print

Shri Ashwani Bhatia took charge as Whole Time Member, Securities and Exchange Board of India, in Mumbai, today. Prior to this assignment, Shri Bhatia held the position of Managing Director in State Bank of India.

Addition of 6% tax rate in GSTR-1 online

June 1, 2022 3423 Views 0 comment Print

It may be noted that 6% tax rate has been added in the item details section of all the tables of form GSTR-1, except HSN table 12. In case your outward supplies attracts 6% tax rate, you are required to upload the details against 6% tax rate in the item details section. In respect to […]

Rescheduled Dates For CA Examination At Silchar (Assam)

June 1, 2022 462 Views 0 comment Print

ICAI announces Rescheduled Dates For CA Examination At Silchar (Assam) Examination Center Only which were scheduled from May 19th to 21st, 2022 but got postponed.

GST Revenue collection for May 2022 increases 44% year-on-year

June 1, 2022 1839 Views 0 comment Print

The gross GST revenue collected in the month of May 2022 is ₹1,40,885 crore of which CGST is ₹25,036 crore, SGST is ₹32,001 crore, IGST is ₹73,345 crore (including ₹ 37469 crore collected on import of goods) and cess is ₹10,502 crore (including ₹931 crore collected on import of goods).

ICAI President’s Message – June 2022

June 1, 2022 1014 Views 0 comment Print

My Dear Professional Colleagues, Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only able to sustain, but is also one of the few growth stories globally because of the will, determination and collective efforts of all […]

How to link Aadhaar and PAN on Income Tax Website

June 1, 2022 16488 Views 3 comments Print

Learn how to easily link your Aadhaar and PAN on the Income Tax website. Follow our step-by-step guide for a hassle-free process.

DGFT notifies new RoDTEP schedule (Appendix 4R) wef 01.05.2022

June 1, 2022 5112 Views 0 comment Print

Consequent to Finance Act, 2022, certain changes in the Customs Tariff Schedule shall take effect from 01.05.2022. Accordingly, after alignment, a new RoDTEP schedule (Appendix 4R) is being notified for implementation with effect from 01.05.2022. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No. 12/2015-2020-DGFT | Dated: 01st June […]

CREDAI cannot seek advance ruling under GST on behalf of its Members

June 1, 2022 696 Views 0 comment Print

In re Confederation of Real Estate Developers’ Association of India (CREDAI) (GST AAR Kerala) In the instant case the questions raised by CREDAI (applicant) pertains to the GST liability of the activity undertaken by the developers; who are the members of the applicant; i.e., the applicability of GST on the supplies made by third persons and […]

Advance ruling cannot be given on services undertaken prior to date of filing

June 1, 2022 1038 Views 0 comment Print

As the question posed by the applicant is related to supplies undertaken by them prior to the date of filing of the application for advance ruling before the Authority thus, no ruling is being pronounced on the question under the provisions of the GST Act, 2017.

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