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ICAI President’s Message – June 2022

June 30, 2022 1887 Views 1 comment Print

Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only able to sustain, but is also one of the few growth stories globally because of the will, determination and collective eff orts of all the stakeholders. The […]

UDIN for Audit Forms/Certificates can be updated till 30.09.2022

June 30, 2022 107283 Views 3 comments Print

The timeline to update UDIN is extended till 30th Sep 2022 to give more time to CAs to correctly verify and upload UDINs.

Recommendations of 47th GST Council Meeting

June 29, 2022 36831 Views 1 comment Print

GoM on Casino, Race Course and Online Gaming to re-examine the issues based on further inputs from States and submit its report within a short duration GoM to be constituted to address various concerns raised by the States on GST Appellate Tribunal and amendments in CGST Act GoM on IT Reforms, inter alia, recommended that […]

SEBI imposes penalty on RIL for JIO Facebook Deal

June 29, 2022 1647 Views 0 comment Print

Whether Noticee 1, 2 and 3 have violated the SEBI Regulations by not disclosing or clarifying to the Stock Exchange the UPSI relating to JIO Facebook deal which got disclosed through the publication in the newspaper?

Implementation of central rules on labour codes w.e.f. 1-7-22

June 28, 2022 29616 Views 8 comments Print

As per the information gathered by me from news/media/notifications etc on new 4 Labour uniform codes few provisions are being implemented w.e.f. 1-7-22 by Central Govt and rest shall be notified by States as per their “State – Reforms of Labour Code” and dates for implementation shall be as per their state’s gazette notification, the […]

Geopolitical Spillovers and the Indian Economy

June 28, 2022 531 Views 0 comment Print

Reserve Bank of India Geopolitical Spillovers and the Indian Economy (Keynote Address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India – June 24, 2022 – Standalone session on ‘Geopolitical Spillovers and the Indian Economy’ organised by the PhD Chamber of Commerce and Industry, New Delhi) Shri Pradeep Multani, President, Shri Saket Dalmia, […]

15 companies selected under 2nd Round of PLI Scheme for White Goods

June 28, 2022 1404 Views 0 comment Print

15 companies selected under 2nd Round of PLI Scheme for White Goods (ACs and LED Lights) with committed investment of Rs 1,368 crore 6 AC Companies to invest Rs 908 crore; 9 LED Companies to invest Rs 460 crore Production worth Rs 25,583 crore expected over next 5 years, creating additional direct employment of about […]

Discussion paper on changes in CIRP to reduce delays & improve resolution value

June 28, 2022 1206 Views 0 comment Print

IBBI Discussion paper on changes in the corporate insolvency resolution process (CIRP) to reduce delays and improve the resolution value

Online gaming may become expensive: 47th GST Council Meet

June 28, 2022 1308 Views 0 comment Print

Tax on online gaming is charged on GGR/comission received. However it has been proposed by GoM that the same shall be taxed on full contest amount. Example- A gaming company receives Rs. 100 from its customers in total. The company gives away winning amounts to the tune of Rs. 70 to these customers. Currently GST […]

47th GST Council Meeting Expected Agenda

June 27, 2022 14499 Views 0 comment Print

The two-day GST Council meet on 28th and 29th of June in Chandigarh is likely to deliberate upon a various agenda. The main aim will be to ease compliance burden, promote small businesses and increase tax collection by enhancing tax rates and tax base. Ease compliance burden: Some of the bottlenecks which are the council […]

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