With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council in its 374th meeting held in March 2018 has decided to give an opportunity by way of Scheme for restoration of their names retrospectively.
The Institute of Chartered Accountants of India (ICA1) is a statutory body established under the Chartered Accountants Act, 1949 which regulates the profession of Chartered Accountancy in India.
President Kovind addresses officer-trainees of the 71st batch of the Indian Revenue Service at Rashtrapati Bhavan; says India’s tax to GDP ratio needs to improve, but it has to be done by persuasion, not intrusion. You come from 22 different states and UTs and speak at least 21 languages. A third of the officer-trainees are […]
User-Friendly Goods and Services Tax Network (GSTN) Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their experience and difficulties. A survey was conducted by GSTN on overall taxpayer’s satisfaction during the months of October 2017 & November 2017. The taxpayers for the Survey were selected at random, on the […]
The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under:
After introduction of GST, increasing trend in the number of companies’ registrations, industrial activity has accelerated and growth in sales for corporates has also seen a remarkable increase Introduction of GST was a historical step for transforming India into a common national market with a simplified tax regime. GST was implemented w.e.f 1st July, 2017 […]
Ministry of Corporate Affairs (MCA) has filed prosecution against 780 listed companies under various sections of Companies Act, 2013 due to non-filing of Financial Statements and Annual Returns
The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under:
The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today. The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who are not covered under CCS (Pension) Rules. These employees will be entitled to receive higher amount of gratuity at par with their counterparts in […]
All kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the Fitment Committee. Government has exempted various kinds of services in relation to skill development. Decision pertaining to rates of GST and exemption on skill development, start-ups and tourism are taken after due deliberation […]
