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CGST Bhiwandi Commissionerate arrests Oppo Mobiles finance manager

March 24, 2023 2352 Views 0 comment Print

An authorized signatory – Manager-Finance & Accounts of Chinese origin company M/s. Oppo Mobiles India Private Limited Mr. Mahendra Kumar Rawat has been arrested by CGST Bhiwandi Commissionerate, for fraudulent availment of ITC amounting to Rs.19 cr on fake

Intricacies of crypto taxes in India

March 24, 2023 3225 Views 0 comment Print

The Indian government took its stance on crypto taxes a year back. After implementing a 30% tax on crypto assets, the crypto industry in India finally got recognized country-wide.

More than 2 lakh women owned MSMEs registered on UDYAM portal during special drives

March 24, 2023 849 Views 0 comment Print

Special drives for registration of women owned MSMEs under Udyam Registration Portal have been undertaken during 2022-23 and more than 2 lakh women owned MSMEs have registered on the portal during the special drives.

Final Opportunity to ICSI Students under Earlier/ Modified Training Structures

March 24, 2023 2667 Views 0 comment Print

Final Opportunity to the Students under Earlier/ Modified Training Structures to Complete Remaining Parts of Training and Compulsory Switchover to the New Training Structure w.e.f. 01st July 2023.

Request for extension of time period for filing of Form CSR 2

March 24, 2023 12804 Views 0 comment Print

ICSI Request for extension of time period for filing of Form CSR 2 for the financial year ended March 31, 2022 without levying additional fee

Advisory for GST Registration for banquet halls, farm house, marriage gardens & hotels

March 24, 2023 6531 Views 0 comment Print

It has come to the notice of the Department that several banquet halls, farm houses, marriage gardens, and hotels registered under Delhi GST are not reporting or under reporting their business transactions/turnover and hence not paying due GST thereon.

Govt allows export of Multi Grain Atta or Fortified Whole Wheat Atta

March 23, 2023 1887 Views 0 comment Print

Note 2: is added in the SION E-136 to allow export of Multi Grain Atta or Fortified Whole Wheat Atta. All other conditions for SION E-136 as mentioned in Public Notice no. 38/2015-20 dated 25.11.2022 will continue to be in force. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New […]

ICAI Exposure Draft Guidance Note on Transfer of Capital Reserve

March 23, 2023 12603 Views 0 comment Print

Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is no specific guidance on their subsequent transfer to retained earnings or other free reserve.

FSSAI (Transaction of Business at its meetings) Amendment Regulations, 2023

March 23, 2023 405 Views 0 comment Print

Food Safety and Standards Authority of India (Transaction of Business at its meetings) Amendment Regulations, 2023.

Demonetisation and its effect on Indian economy

March 23, 2023 1269 Views 0 comment Print

No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has been published by the Government. This was stated by the Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Certain studies on related matter […]

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