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Two brother arrested for GST fraud involving Rs. 41 crores

December 27, 2019 5835 Views 0 comment Print

The Anti Evasion Wing of CGST, Gandhinagar commissionerate has arrested Shri Darshan Dinesh Patel and Shri Akshay Dinesh Patel both directors of M/s. Zikshoo Impex Pvt Ltd, who were found involved in generating fake invoices and fraudulently passed/ availed Input Tax Credit amounting to Rs 40 Crores (approx.) through assistance of web chain of various entities with total invoice value of Rs. 604 Cr.

Empanelment as a Career Counsellor through Online Portal of ICAI

December 25, 2019 3036 Views 0 comment Print

We are happy to inform you that online portal ccg.icai.org has been launched by CA. Prafulla P. Chhajed, Hon’ble President, ICAI which is a one stop solution for all the Stakeholders.

Cabinet approves Promulgation of IBC (Amendment) Ordinance, 2019

December 24, 2019 1023 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved a proposal to promulgate an Ordinance and to amend the Insolvency and Bankruptcy Code, 2016.

Discussion Paper on ‘Usage of pool accounts in Mutual Fund Transactions’

December 24, 2019 3657 Views 0 comment Print

i. Pooling of funds/units by Stock Brokers, MFDs, IAs and other platforms may be discontinued for Mutual Fund Transactions. For implementation of the same, following may be ensured:

FM holds Pre-Budget Consultation with representatives from Water and Sanitation sectors

December 24, 2019 675 Views 0 comment Print

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman held her 9th Pre-Budget Consultation meeting with the leading representatives from Water and Sanitation sectors here today in connection with the forthcoming General Budget 2020-21.

CBIC reaches out to BSE members on SABKA VISHWAS Scheme

December 23, 2019 774 Views 0 comment Print

Directorate General of Taxpayer Services, Mumbai Zonal Unit, Central Board of Indirect Taxes and Customs organized a Symposium on SABKA VISHWAS (Legacy Dispute Resolution) Scheme, (SVLDRS) 2019 on 23rd December, 2019 at 4.00 pm to 5.00 pm at BSE Auditorium, 1st Floor, BSE, Fort, Mumbai, for the members of Bombay Stock Exchange.

Due date of filing of GSTR-3B extended to 23/12/2019 (Read Notification)

December 23, 2019 60126 Views 0 comment Print

Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23/12/2019. Notification No. 73/2019 – Central Tax dated 23rd December, 2019 (Deemed to have come into force with effect from the 20th Day of December, 2019). Last date for return in FORM GSTR-3B for the month of November, 2019 […]

FM holds Pre-Budget Consultation with Prominent Economists

December 21, 2019 549 Views 0 comment Print

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman held her 8th Pre-Budget Consultation Meeting with the leading Economists here today in connection with the forthcoming General Budget 2020-21.

BCAS Representation on Processing of Income Tax Returns for AY 2019-20

December 20, 2019 9306 Views 0 comment Print

Taxation Committee of the Bombay Chartered Accountant’s Society (BCAS) has submitted a Representation dated 19th December 2019 to the CBDT Chairman Shri Pramod Chandra Mody on processing the returns of Income for AY 2019-2020 under Section 143(1)(a) of the Income-tax Act, 1961. Relevant Text of the same is as follows:- Bombay Chartered Accountant’s Society Harnessing […]

FM holds Pre-Budget Consultation with Representatives of Infra Sector & experts of energy sector and climate change

December 20, 2019 450 Views 0 comment Print

Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman, held her seventh  Pre-Budget Consultations with different stakeholders from Infrastructure Sector and experts of energy sector and climate change in connection with the forthcoming General Budget 2020-21 here today.

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