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One More Attempt under 2012 Old Syllabus – ICSI

October 31, 2020 3195 Views 0 comment Print

ICSI has decided that the students of Executive and Professional Programme (2012 old syllabus) shall be allowed one more attempt during the June, 2021 session of examinations.

ICSI: Carry Forward of Examination Fees To June, 2021 Exam Session

October 31, 2020 2709 Views 0 comment Print

In view of the present COVID-19 crisis, some of the students enrolled for June, 2020 session (merged with December 2020 exam session) and students enrolled afresh for December 2020 exam session may wish to appear in June 2021 session of examination, instead of appearing for December 2020 examination session.

“WE CARE”- An Initiative of ICAI for Senior Chartered Accountants

October 31, 2020 858 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) since its very inception has always provided thought leadership to the generations in a proactive and progressive manner. ICAI has been playing a key role nationally, regionally and globally not only towards the growth of the profession, but also has been contributing to the business, industry and commerce across all sectors.

Shipping Ministry issues draft ‘Coastal Shipping Bill, 2020’ for public consultation

October 31, 2020 531 Views 0 comment Print

In accordance with Prime Minister Shri Narendra Modi’s vision for augmenting people’s participation and transparency in the governance, Ministry of Shipping has issued the draft of Coastal Shipping Bill, 2020 for suggestions from the stakeholders and general public.

Guidebook for Faceless Assessment

October 30, 2020 7404 Views 0 comment Print

Key objectives of Faceless Assessment include: i. Anonymity in assessment for reduced physical interface between trade and Customs ii. Speedier Customs clearances through efficient utilisation of manpower iii. Greater uniformity of assessment across locations iv. Promoting sector specific and functional specialisation in assessment

Procedure for import of Potatoes, till 31.01.2021, under TRQ Scheme

October 30, 2020 576 Views 0 comment Print

Ministry of Finance, hereby notifies the procedure for import of 10,00,000 MT of Potatoes, at in quota tariff of 10% till 31.01.2021 under HS Code 0701 of Chapter 7 of ITC (HS), 2017, Schedule–I (Import Policy) as per details below:

How to Opt for GST Composition Levy with FAQs

October 30, 2020 18555 Views 3 comments Print

You can opt for the Composition Levy if you are a regular taxpayer with an aggregate annual domestic PAN-based turnover as specified time to time.

Registration as TDS Deductor under GST- FAQs & How to apply

October 30, 2020 29460 Views 1 comment Print

A. FAQs on Registration as Tax Deductor at Source Q.1 Who needs to register under GST as a Tax Deducted at Source (TDS)? Ans: All Department or establishment of Centre / State Government, Local Authority, Government Agencies & Persons or category of persons notified by Central / State Government, where the total value of such […]

FAQs for GST Registration by Non-Resident Taxable Person

October 30, 2020 11976 Views 0 comment Print

Q.1 Are there any preconditions before I can apply for Registration as a Non-Resident Taxable Person? Ans: A Non-Resident Taxable Person must fulfill following conditions so that he/she can register on the GST Portal: 1. Applicant has authorized signatory in India with valid details 2. Authorized Signatory has valid Permanent Account Number (PAN) 3. Authorized […]

CGST officials bust racket for generating fraudulent ITC via fake billing

October 29, 2020 996 Views 0 comment Print

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST),Commissionerate, Delhi (East) have busted a major racket for generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx).

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