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74th CA Day celebrated in India and across 48 countries

July 2, 2022 1653 Views 0 comment Print

The 74th Chartered Accountants’ Day was celebrated today i.e. July 1st by ICAI all across, through its 5 Regional Councils & 166 branches in India and 44 Overseas Chapters & 33 Representative Offices spread in 77 cities of 48 countries.

CBIC honours taxpayers contributing to the GST success story

July 2, 2022 1917 Views 0 comment Print

On the occasion of the 5th GST day, CBIC, Ministry of Finance, Government of India also recognized the contribution of all the compliant taxpayers to nation building.

Statistics should focus on laying down pathway towards proper interpretation

July 2, 2022 582 Views 0 comment Print

In other words, statistics should focus on laying down the pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants.

₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year

July 1, 2022 1785 Views 1 comment Print

₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year Gross GST collection in June 2022 is the second highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh crore mark 5th time since inception of GST; 4th month at a stretch since March 2022 The gross GST revenue […]

PM extends best wishes to all Chartered Accountants on CA Day

July 1, 2022 1107 Views 0 comment Print

The Prime Minister, Shri Narendra Modi has extended his best wishes to all Chartered Accountants on CA Day. Shri Modi has also shared a video in which he had expressed his views on the importance of Chartered Accountants in the field of Economics.

ICAI Suggestions regarding Removal of Difficulties Order, 2022

July 1, 2022 1896 Views 0 comment Print

Power to remove difficulties available in section 172 of CGST Act, 2017 was originally due to expire by 30th June 2020 was extended by two years vide Finance Act, 2020 with effect from 30th June 2020.

Notification issued for Tyre Rolling Resistance, Wet Grip & Rolling Sound

July 1, 2022 2094 Views 0 comment Print

The Ministry of Road Transport and Highways has issued a notification  dated 28th June 2022,  amending rule 95 of the Central Motor Vehicles Rules 1989. It mandates  requirements of Rolling resistance, Wet Grip and Rolling Sound Emissions for tyres falling under classes C1(passenger cars) , C2 ( light truck) and C3 (truck and bus), as […]

Cess of Rs. 23,250 per tonne imposed on crude; import of crude not to be subject to this cess

July 1, 2022 600 Views 0 comment Print

Cess of Rs. 23,250 per tonne imposed on crude; import of crude not to be subject to this cess Special additional excise duty/Cesses imposed on exports of petrol and diesel at the rate  of Rs 6 per litre on Petrol and Rs 13 per litre on diesel Special Additional Excise Duty (SAED) of Rs 6 […]

ICAI cost clarifies on social media rumours related to ongoing June exams

July 1, 2022 3111 Views 0 comment Print

Some miscreants are engaged in unwarranted and unnecessary posting or spreading rumours on social media about the online Intermediate and Final, June 2022 term of examination. The students are advised to follow only official notification from the official email id/website of the institute.

ICSI Request for providing extension of timelines for filing of Form CSR-2

June 30, 2022 5871 Views 0 comment Print

It is requested to extend timelines to file Form CSR-2 by companies for preceding financial year 2020-2021 from 30th June, 2022 to 31.12.2022

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