Mandatory furnishing of correct and proper information of ineligible Input Tax Credit and reversal thereof in Form GSTR-3B That CBIC circular no. 170/02/2022- GST has highlighted incorrect reporting of ineligible Input Tax Credit by Taxpayers. In this context, it has been observed that large portion of unclaimed IGST ITC has led to loss of revenue […]
Describing audit as a powerful and inescapable tool of good governance, Shri Dhankhar cautioned that the absence of audit or inefficient audit would lead to system degeneration. He also called for increased focus by CAG on the instances of utility certificates involving massive public funds not being imparted for long by governmental entities.
The accounting profession has to remain in tune with the technological changes and keep in step with the new disruptive business models of the 21st century. This was stated by the Comptroller and Auditor General of India in Mumbai today.
The Central Government has restored the status quo as was prevailing prior to 22nd May,2022 and withdrawn the export duty on iron ores lumps & Fines below 58% Fe content, iron ore pellets and the specified steel products including pig iron. The import duty concessions on Anthracite / PCI coal, coking coal, coke & semi coke […]
Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate developers. The search action covered more than 50 premises spread across Bengaluru, Mumbai and Goa. During the course of the search operations, a large number of incriminating evidences, in the […]
The Buy-back Regulations currently provide that buy-back from open market through stock exchange shall be less than fifteen per cent of the paid-up capital and free reserves of the company, based on both standalone and consolidated financial statements of the company.
CBIC is launching ICEGATE 2.0 in phased manner w.e.f. 16.11.2022. Users will be intimated about various upcoming modules in advance by way of pop up/tickers/notifications. Users will continue to use existing features of ICEGATE 1.0 and additional features under ICEGATE 2.0 till the complete rollout of the latter.
IFSCA and RBI have entered into a Memorandum of Understanding (MoU) for collaboration in the field of regulation and supervision of regulated entities in their respective jurisdictions.
SERVICES TO BE RENDERED BY COMPANY SECRETARY IN PRACTICE PURSUANT TO THE DECISION OF THE COUNCIL OF THE INSTITUTE UNDER SECTION 2(2)(f) OF THE COMPANY SECRETARIES ACT, 1980 READ WITH REGULATION 168 OF THE COMPANY SECRETARIES REGULATIONS, 1982 The Council of the Institute in its 290th meeting held on 14th October, 2022, pursuant to the […]
Immediately, after taking the print-out of the Admit Card from the website of the Institute icsi.edu, every Candidate is advised to carefully verify all the particulars mentioned in his/ her Admit Card
