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Exposure Draft Accounting Standard (AS) 108 Segment Reporting

April 29, 2022 669 Views 0 comment Print

Exposure Draft of revised AS 108, Segment Reporting has been issued by the ASB for comments with the last date being May 28, 2022. The objective of this Standard is to establish principles for reporting financial information, about the different types of products and services an entity produces and the different geographical areas in which it operates. Such information helps users of financial statements:

CBIC Notifies Rate of Exchange of South African Rand wef 30.04.2022

April 29, 2022 732 Views 0 comment Print

CBIC notifies Rate of Exchange of South African Rand against Indian Rupees with effect from 30th April, 2022 vide Exchange rates Notification No. 38/2022-Customs (N.T.) dated 29th April, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 38/2022-Customs (N.T.) New Delhi, dated the 29th […]

LLP V3 Portal causing lot of problems for stakeholders

April 28, 2022 8391 Views 0 comment Print

Just like the new Income Tax E-Filing Portal, the new exclusive Portal (“MCA V3 LLP Portal”) for filing of LLP (Limited Liability Partnership) forms which aimed high at easing out the various filings, has failed to deliver on time. Kindly understand the following chronology for the same:

Interest Subvention Scheme on Agriculture loan through Kisan Credit Card  

April 28, 2022 1920 Views 0 comment Print

Government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modifications for the financial year 2021-22. Reserve Bank of India RBI/2022-23/35 FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 April 28, 2022 The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme […]

CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide

April 28, 2022 2580 Views 0 comment Print

CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide (DCC) originating in or exported from China PR for a period of 5 years vide Notification No. 12/2022-Customs (ADD), Dated: 28.04.2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th April, 2022 Notification No. 12/2022-Customs (ADD) G.S.R. 321(E).—Whereas, in the matter of “N, N’ – Dicyclohexyl […]

IRDAI Rationalises certain compliance requirements For life & non-life insurers

April 27, 2022 1758 Views 0 comment Print

The requirement to submit quarterly ALM returns regarding Asset Liability Management and Stress Testing (for life insurers) is dispensed with, except for Domestic Systemically Important Insurers.

Co-conspirator in a Fake ITC Claim of Rs. 11.07 Cr arrested

April 27, 2022 1533 Views 0 comment Print

CGST Commissionerate Mumbai South Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs. 11.07 Cr; Proprietor arrested earlier CGST Mumbai South Commissionerate has detected tax evasion of Rs. 876 Crores, recovered Rs. 14.4 Crores so far Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New […]

GSTR-1/IFF enhancements deployed on GST Portal

April 27, 2022 11547 Views 0 comment Print

GSTR-1 enhancements & improvements : 1. The statement of outward supplies in FORM GSTR-1 is to be furnished by all normal taxpayers on a monthly or quarterly basis, as applicable. Quarterly GSTR-1 filers have also been provided with an optionalInvoice Furnishing Facility (IFF) for reporting their outward supplies to registered persons (B2B supplies) in the […]

CSEET passed students registering in Executive Programme can also register for ICSI classes

April 27, 2022 798 Views 0 comment Print

CSEET passed Students can now register for the ICSI classes for Executive Programme at the time of Executive Programme Registration. They can opt for the classes being conducted at their nearest Regional/Chapter Office as per their Choice at the time of Executive Programme registration.

How to file Form 10BD – Part-B Details of donors & donation

April 27, 2022 90294 Views 25 comments Print

These instructions are guidelines to help the taxpayers for filling the particulars in CSV template in Part-B Details of donors and donation relevant to the Financial Year.

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