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FASTag declared mandatory w.e.f midnight of 15th/16th February 2021

February 15, 2021 3180 Views 1 comment Print

Ministry of Road Transport & Highways has decided that all lanes in the fee plazas on National Highways shall be declared as FASTag lane of the fee plaza w.e.f midnight of 15th/16th February 2021.

Appointment of GST Auditors For Financial Year 2019-20 with NTCL

February 15, 2021 9909 Views 0 comment Print

Tender Document For Appointment Of GST Auditors For The Financial Year 2019-20 with National Textile Corporation Limited (NTCL). NATIONAL TEXTILE CORPORATION LIMITED (A Govt. of India Undertaking) CIN No: U74899DL1968GOI004866 Core IV, SCOPE Complex, 7, Lodhi Road, New Delhi – 110003 Tel. No. 011- 24360101/Extn:2679, Fax No. 011- 24361112, website: www.ntcltd.org TENDER DOCUMENT For APPOINTMENT […]

SOP on preventive measures to contain spread of COVID-19 in offices

February 15, 2021 1476 Views 0 comment Print

Offices and other workplaces are relatively close settings, with shared spaces like workstations, corridors, elevators & stairs, parking places, cafeteria/canteens, meeting rooms and conference halls etc. and COVID-19 infection can spread relatively fast among officials, staffs and visitors.

CMA institute to initiate process for Formation of Multidisciplinary Partnership Firms

February 14, 2021 1416 Views 0 comment Print

CMA Institute is in the process of initiating formation of Multi-disciplinary Partnership Firms for practicing members of the Institute with members of other professional bodies as per the CWA Act and Regulations.

New Functionalities on GST Portal (January, 2021)

February 13, 2021 6528 Views 0 comment Print

New Functionalities made available for Taxpayers on GST Portal (January, 2021) 1 – Registration 1. Deemed approval of Registration Application in Form GST REG-01 In terms of Notification No 94/2020-CT, dated 22nd December, 2020, all applications for fresh registration will get deemed approved in 7 working days, instead of 3 working days (as was earlier) […]

1 Person Arrested In Case of Issuing Fake GST Invoices of Rs. 55.89 Crore

February 13, 2021 2520 Views 0 comment Print

A racket of fake/bogus firms has been busted by our officers of CGST G.B Nagar , unearthing fake GST invoicing of Rs 55.89 Cr involving fraudulent ITC of Rs 8.83 Cr, 1 person has been arrested. PRESS RELEASE 01 PERSON ARRESTED IN CASE OF ISSUING FAKE INVOICES OF RS. 55.89 CRORES AND PASSING OF INADMISSIBLE […]

Control and Regulation of e-Commerce Platform

February 13, 2021 711 Views 0 comment Print

Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Commerce activities, some of which are; Consumer Protection Act, 2019, Finance Act 2020, Information Technology Act, 2000, Foreign Exchange Management Act, 2000 and Competition Act, 2002.

ICSI e-Book on Union Budget 2021-22

February 13, 2021 2637 Views 0 comment Print

Hon’ble Finance Minister Smt. Nirmala Sitharaman on 1st February, 2021, the Union Budget 2021 proposes several reforms for the India Inc. including the persuasion of digital transformation in the Regulatory arena building a new MCA-21 3.0 using data analytics, artificial intelligence, and machine learning.

ICAI elects New Torchbearers for the year 2021-22

February 13, 2021 2586 Views 0 comment Print

CA. Nihar N Jambusaria has been elected as the President and CA. (Dr.) Debashis Mitra has been elected as the Vice-President of The Institute of Chartered Accountants of India w.e.f. February 12, 2021.

3 Arrested In case of Issuing Fake GST Invoices of Rs. 81 Crores

February 13, 2021 6597 Views 0 comment Print

. The modus operandi Inter alia involved creating of fake firms and generating of fake/bogus invoices through them, and passing of inadmissible Input Tax Credit on the strength of such fake/bog us invoices, without actual supply of goods.

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