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Customs field formations and DRI keep constant vigil to deter smuggling of gold and drugs

February 15, 2023 1917 Views 0 comment Print

The Directorate of Revenue Intelligence (DRI) celebrated its 65th Founding Day on 5th December 2022 in an Inaugural Function held in New Delhi. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today. The Minister stated that the inaugural function was followed by […]

Measures taken for increasing access to credit and finance for MSME

February 15, 2023 1317 Views 0 comment Print

ECLGS) was launched in May, 2020 as part of Aatmanirbhar Bharat Abhiyaan to support eligible Micro, Small and Medium Enterprises (MSMEs) and business enterprises in meeting their operational liabilities and restarting their businesses in the context of the disruption caused by the COVID-19 pandemic.

FAQs on Milestones & Illustrative Permissible Expenses For Reimbursement Under IFSCA (FinTech Incentive) Scheme, 2022

February 15, 2023 732 Views 0 comment Print

FAQs guides applicants with regard to milestones to be achieved & reimbursement of sanctioned grant amount under IFSCA (FinTech Incentive) Scheme, 2022.

53 key regulatory reforms undertaken for startup ecosystem

February 12, 2023 2364 Views 0 comment Print

Centre spearheads several initiatives under Ease of Doing Business and Reducing Compliance Burden aimed at creating a conducive business environment The Government is spearheading the initiatives under Ease of Doing Business and Reducing Compliance Burden which are aimed at creating a conducive business environment, the Minister of State for Commerce and Industry, Shri Som Parkash […]

Request for Extension of Income Tax Return Filing Deadline

February 12, 2023 112773 Views 8 comments Print

The Advocates’ Tax Bar Association, a registered association under the Societies Act, has written a letter to the Minister of Finance requesting an extension of the income tax return filing deadline. The letter highlights the challenges faced by taxpayers and tax professionals, particularly in flood-affected regions, and seeks compassionate consideration during these exceptional circumstances. The […]

CBI Registers A Case Against An Assistant Commissioner of CGST

February 11, 2023 2670 Views 0 comment Print

CBI Registers A Case Against An Assistant Commissioner of CGST & His Wife on The Allegations of Possessing Disproportionate Assets And Recovers Cash of Rs.42 Lakh (Approx) During Searches

ICAI: Registration for Online Home Based Practical Training Assessment

February 11, 2023 12732 Views 0 comment Print

The next practical training assessment is being conducted online on March 4-5, 2023. The students who have completed their 1st/ 2nd year of practical training during April 1, 2022 – December 31, 2022 are eligible to appear in this test.

GST Council Newsletter for the month of January 2023

February 11, 2023 2853 Views 0 comment Print

In case the system does not automatically drop the proceedings or taxpayer is unable to revoke the suspension by clicking on ‘Initiate Drop Proceeding’, then taxpayer is advised to contact Jurisdictional Officer.

Gross Direct Tax Collections for F.Y. 2022-23 – 24.09% higher than last year as on 10.02.2023

February 11, 2023 1383 Views 0 comment Print

Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax collection, net of refunds, stands at ₹12.98 lakh crore – 18.40% higher than net collections for corresponding period of last year The provisional figures of Direct Tax collections […]

MCA- 21 V3 Portal – Common issues/concerns/ technical glitches

February 11, 2023 50757 Views 5 comments Print

We are sharing common issues/concerns/ technical glitches on MCA- 21 V3 Portal for your kind perusal and early resolution

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