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SAE 3410 Assurance Engagements on Greenhouse Gas Statements -Effective Date

May 4, 2022 2520 Views 0 comment Print

Council decided that the effective date of application of SAE 3410 shall be as follows – (i) Voluntary basis for assurance reports covering periods ending on March 31, 2023 (ii) Mandatory basis for assurance reports covering periods ending on or after March 31, 2024

New financial year begins with record exports of USD 38.19 billion in April

May 4, 2022 951 Views 0 comment Print

New financial year begins with record exports of USD 38.19 billion in April April exports jump 24.22%, continuing the record-breaking 2021-22 performance, resulting in highest ever exports in April Non-petroleum exports rise 12.3% in April, non-petroleum imports up only 9.8% Petroleum products, Electronic goods and chemicals record major increase in exports INDIA’S MERCHANDISE TRADE: Preliminary […]

Grievance Submitting – GST Composition Dealer – Annual Return

May 3, 2022 12462 Views 2 comments Print

A memorandum is submitted to Finance Minister  on Grievance related to scheme of annual return filing for the composition dealers under GST Act — modify the Late fee Rs. 10000/- imposing contrary to the 43rd GST Council decision – rectifications need to erroneous auto filled columns in GSTR 4 forms. Full text of the same […]

PFRDA Working Paper on Perspectives on Pension-Sector in India

May 2, 2022 1419 Views 0 comment Print

The paper observes that India’s pension-sector (NPS plus APY), provides a flexible mode of oldage income-security not only for salaried employees but also to the common person. In the recent 5-years, 2017-18 to 2021-22, subscriber numbers have multiplied over three-fold led by APY

ED seized Rs. 5551 Crore of Xiaomi Asssets for illegal remittances

May 2, 2022 1068 Views 0 comment Print

ED has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited lying in the bank accounts under the provisions of Foreign Exchange Management Act, 1999 in connection with the illegal outward remittances made by the company Directorate of Enforcement (ED) has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited under the provisions […]

ED attached assets of Rs. 7.27 Cr of Actress Jacqueline Fernandez

May 2, 2022 1167 Views 0 comment Print

ED has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under PMLA, 2002 in the case of Sukesh Chandrasekh Enforcement Directorate (ED) has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under Prevention of Money […]

CAIT demands investigation against Flipkart for alleged illicit trade of narcotics in India

May 2, 2022 759 Views 0 comment Print

This is regarding recent news reports by prominent sections of the media that appeared today that the Narcotics Control Bureau (NCB) has busted a deep rooted racket of supply of heroin and other contraband drugs which are likely to be facilitated by e-commerce company Flipkart.

Report of Committee on designing of Combi Products for Micro Insurance segment

May 2, 2022 477 Views 0 comment Print

IRDAI has received suggestions to allow designing a Combi product for Micro-insurance, an idea that serves the need for a comprehensive one-stop solution for the target groups.  This may require amendments to extant legal framework as well as IRDAI Regulations.

CSEET Mock Test Will Be Conducted On 3rd May 2022

May 2, 2022 1344 Views 0 comment Print

To familiarize the candidates with the remote proctoring process, the Institute has decided to conduct a mock test for 2 hour’s duration on 3rd May 2022. Appearance in the mock test is compulsory in view of its importance and usefulness for the Candidates. It will be in the best interest of the Candidates.

Fake GST ITC Racket of Rs. 15.23 Crore Busted in Mumbai

May 2, 2022 2964 Views 0 comment Print

Central Goods and Services Tax (CGST)  Commissionerate, Mumbai West Zone has busted a fake GST Input Tax Credit (ITC) racket and arrested the proprietor of a Malad based firm. The firm was involved in fraudulent availment and passing of Input Tax Credit (ITC) of Rs 15.23 Crore without receiving or supply of goods, in violation of the provisions of CGST Act, 2017. 

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