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Vivad se Vishwas scheme for relief to MSMEs – Last date to Submit claims till 30.06.2023

May 2, 2023 2913 Views 0 comment Print

Vivad se Vishwas scheme for relief to MSMEs for COVID-19 period was commenced from 17.04.2023 & last date for submission of claims is 30.06.2023

Observations of Candidates on Question Papers of CA Exams May 2023

May 2, 2023 1764 Views 0 comment Print

Candidates can bring to the notice of Examination Department, their observations, if any, on question papers relating to CA Final and Intermediate Examinations being held in May 2023

GST Collection In April, 2023 At Record High

May 2, 2023 6312 Views 0 comment Print

April, 2023 has registered a revenue collection (GST) at Rs. 187 lakh crore, which is the highest ever since introduction of GST in July, 2017. GST revenue for April, 2023 are 12 percent higher than April, 2022. Also, this April saw the highest single-day collection of Rs. 68,228 crore through 9.8 lakh transaction on the […]

GST revenue collection for April 2023 highest ever at Rs 1.87 lakh crore

May 2, 2023 2268 Views 0 comment Print

The gross GST revenue collected in the month of April, 2023 is ₹ 1,87,035 crore of which CGST is ₹38,440 crore, SGST is ₹47,412 crore, IGST is ₹89,158 crore (including ₹34,972 crore collected on import of goods) and cess is ₹12,025 crore (including ₹901 crore collected on import of goods).

CBIC to introduce automated GST return scrutiny by next week

April 30, 2023 12909 Views 0 comment Print

Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.

Micro Small Medium Enterprises Certificate

April 28, 2023 2922 Views 0 comment Print

 TO WHOM SO EVER IT MAY CONCERN In compliance with the requirements of Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019, issued by the Ministry of Corporate Affairs vide notification dated January 22, 2019, all Companies who gets supplies from Micro and Small Enterprise (MSME) and whose payments […]

NFRA examines proposals on new standard for accounting of insurance contracts viz. Ind AS 117

April 28, 2023 591 Views 0 comment Print

The National Financial Reporting Authority (NFRA) held a meeting to examine the proposals received from the Institute of Chartered Accountants of India (ICAI), as required u/s 133 of the Companies Act, 2013), regarding a new Standard (Ind AS) for accounting of insurance contracts viz. Ind AS 117, here yesterday. The meeting was attended by the […]

CAAT request time for implementation of Quality Control Orders for footwear traders

April 28, 2023 2514 Views 0 comment Print

effective date of QCO for the retail traders must account for the lead time in procurement of inventory and should be suitably extended while ensuring the sufficient lead time from the date of implementation of QCO by the manufacturers, i.e. 8-10 months from the effective date for the manufacturers. 

KPTCE: Representation on glitches and hardship in payment of taxes & filing of returns

April 28, 2023 2067 Views 0 comment Print

KSCAA has sent a representation to the The commissioner of Commercial Tax, on umpteen number of glitches and hardship in payment of taxes and filing of returns under Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976  KARNATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R.) Date: Wednesday, April 26, 2023 To, Commissioner of Commercial Tax Government […]

10 NEW Functionality introduced by GSTN on GST Portal

April 28, 2023 23994 Views 3 comments Print

Change made in Composition restriction table – Message table containing HSN wise list of items restricted for availing compositing scheme has been updated in registration application on portal

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