ALL INDIA COMMON REPRESENTATION SUBJECT – To Increase Government GST Revenue and giving True Benefit of recent Amnesty Scheme SYNOPSIS OF ISSUE – Recently in 43rd GST Council, Government has announced GST Amnesty Scheme for filing Tax Return from July 2017 to April 2021 with reduced late fees of Rs 500 / Rs 1000. However […]
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under GST law due to the outbreak of the second wave of COVID-19, the Government has issued notifications, dated 1st May, 2021, and 1st June, 2021 providing various relief measures for taxpayers. These measures are as follows: Reduction in rate […]
Overall, GST rates have been reduced on 400 goods and 80 services. Given that, in the pre-GST regime, the combined Centre and States rates were more than 31% on most of the items; this reduction marks a significant relief for the taxpayer. OTHER CONCESSIONS Threshold increased to Rs 40 lakh in goods. Composition increased (Rs […]
Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal today called upon the Chartered accountants of the country to think big and scale up to the global levels.
ICAI celebrates 73rd Foundation Day on July 1 every year which is widely celebrated as Chartered Accountants Day (CA Day). A very hearty congratulation to all colleagues!
SEBI solicit views on the proposal to review the following provisions related to Superior Voting Rights Shares (SR shares) framework pertaining to:-i. net-worth requirements of SR shareholder, ii. issuance of SR shares to trusts/ entities on behalf of founders/ promoters, iii. timing of issuance of SR shares.
Finance Minister Smt. Nirmala Sitharaman appreciates CBIC efforts in fighting COVID-19 pandemic; says enhanced revenue collection in recent months should now be the New Normal
Instructions And Form of Application For Seeking Permission To Vote By Post In Election To The Council From EIRC, 2021 The Institute of Company Secreataries of India Pursuant to Sub-Rule 2(e) of Rule 4, read with Rule 28 of the Company Secretaries (Election to the Council) Rules, 2006 (hereinafter ‘Rules’) following members shall be eligible […]
Today marks the fourth anniversary of a historic tax reform, the GST, which was introduced on this day in the year 2017. It is a matter of great satisfaction that we have overcome most challenges, including two waves of the unprecedented COVID-19 pandemic, in providing stability to this new tax regime.
The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st August, 2021. For any clarification, please write us at udin@icai.in.
