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GST Liability paid percentage – Calculation methodology

January 31, 2022 5715 Views 0 comment Print

Liability paid percentage – Calculation methodology Liability paid percentage = (Liability paid / Liability auto drafted) *100 Liability paid: This is the sum of total liability (Other than reverse charge and reverse charge) paid by the taxpayer in Form GSTR-3B for a particular period. This also includes the amount paid by the taxpayer for any period […]

FRN compulsory for UDIN Generation from 1st February 2022

January 31, 2022 14733 Views 0 comment Print

Sub: FRN will be compulsory field for UDIN Generation from 12.00 am of 1st February 2022 This is to state that Firm Registration Number (FRN) will be a compulsory field for generating UDIN from 12.00 am of 1st February 2022. The FRN will be displayed in the dropdown which will be fetched from the SSP […]

Empanelment For Concurrent Audit with J&K Grameen Bank

January 31, 2022 3807 Views 0 comment Print

J&K Grameen Bank invites applications on the under-noted prescribed format from Bank Retirees as well as practicing ‘Firms / Partnership firms of Chartered/Cost Accountants in India’ who fulfill the eligibility criteria as mentioned hereunder and are willing to serve J&K Grameen Bank as Concurrent Auditors for conducting Concurrent Audit of branches for the Financial Year 2022-2023.

Central Theme of Economic Survey 2021-22 is ‘Agile Approach’

January 31, 2022 825 Views 0 comment Print

PREFACE TAKES A BIRD’S EYE VIEW OF EVOLUTION OF ECONOMIC SURVEYS SINCE INDEPENDENCE NEW CHAPTER DEMONSTRATES USE OF SATELLITE & GEO-SPATIAL IMAGES TO GAUGE VARIOUS ECONOMIC PHENOMENON ECONOMIC SURVEY REVERTS TO A SINGLE VOLUME PLUS A SEPARATE VOLUME FOR STATISTICAL APPENDIX The central theme of this year’s Economic Survey is the Agile approach, implemented through […]

Services Contributed Over 50% To GDP

January 31, 2022 1044 Views 0 comment Print

SERVICES CONTRIBUTED OVER 50% TO GDP SECTOR WITNESSED 10.8% GROWTH DURING FIRST HALF OF 2021-22 8.2 % GROWTH EXPECTED IN OVERALL SERVICES SECTOR FDI INFLOW OF $ 16.73 BILLION RECEIVED IN FIRST HALF (H1) OF 2021-22 22.8% INCREASE IN NET EXPORTS OF SERVICES IN H1 2021-22 IT-BPM REVENUES REACHED $ 194 BILLION, GROWING BY 2.26% […]

Summary of The Economic Survey 2021-22

January 31, 2022 6885 Views 0 comment Print

Economic Survey 2021-22 states that the year ahead is well poised for a pick-up in private sector investment with the financial system in a good position to provide support to the revival of economy.

ICAI Cut-off date for conversion from Earlier Scheme to Revised Scheme

January 29, 2022 3789 Views 0 comment Print

Students may note that since the December, 2021 was the last exam of Intermediate (IPC) Course – Under Old Scheme and Final Course Examination – Under Old Scheme, therefore, old course students who wish to appear in May 2022 exams of Intermediate and Final are required to convert themselves from Earlier Scheme to Revised Scheme of Education and Training implemented w.e.f. 1st July, 2017 latest by 13th March, 2022.

DGGI Gurugram officials bust nexus of 93 fake firms issuing fake ITC invoices

January 28, 2022 5961 Views 0 comment Print

DGGI Gurugram officials bust nexus of 93 fake firms issuing fake input tax credit invoices of Rs 491 crore, arrest one The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person on 18.01.2022 under the provisions of the GST Act on charges of running multiple fake firms on the […]

Difficulties faced by small and medium scale taxpayers under the GST regime

January 28, 2022 5133 Views 0 comment Print

Proof of Place of Business: India is known for undivided large families, where the family members and the relatives stay together under one roof. But such person may not be from the said family as defined by western notion of family. The property is in the name of one person, electricity bill in the name of another. The rules provide for consent letter of property owner/holder. But many officers insist upon registered rent agreement otherwise registration is rejected. Further, registration of rent agreement can be done within four months of execution. Hence registered rent agreement may not be insisted.

Invitation for EOI for Appointment of Concurrent Auditors for KCCB Bank’s branches

January 28, 2022 2169 Views 0 comment Print

The Kangra Central Co-operative Bank, Dharamshala, Himachal Pradesh Invitation for EOI for Appointment of Concurrent Auditors for Bank’s branches Address : Dharamshala, Himachal Pradesh | Phone : 01892-224969 | Email : md@kccb.in Last Date to Apply – Feb, 15 2022 Invitation for EOI for Appointment of Concurrent Auditors for Bank’s branches The bank invites EOI […]

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