CA exams extended : Revised timetable of CA exams Nov. 2020
CA Exams Nov 2020 : In continuation to the Announcement dated 15th July, 2020; as also Announcement dated 8th October 2020 made regarding Opt-Out window, another Announcement dated 8th October 2020 regarding SOP guidelines for examinees Centres and Centre Superintendent/ observers; ICAI has hereby notified for general information that in view of prevailing circumstances; it […]
Read moreICAI: Provisional Registration in Foundation Course after passing Class 10th Exams
Institute of Chartered Accountants of India has announced Provisional Registration in CA Foundation Course of the Institute of Chartered Accountants of India (ICAI) after passing Class X Examination. The announcement is as follows- The Competent Authority has conveyed its approval on the ICAI proposal for amending the Regulations 25E, 25F & 28F of Chartered Accountants […]
Read moreFM Sitharaman announces Stimulus to boost Demand in the Economy: Highlights
Finance Minister Nirmala Sitharaman addressed a press conference on economic issues at National Media Centre, New Delhi. In the press conference, the FM announced a Rs 12,000 crore interest-free 50-year loan to states for spending on capital projects in a bid to boost the economy. She further announced a one-time Rs 10,000 interest-free festival advance to all its officers […]
Read moreE-Way Bill: Blocking of EWB generation facility for taxpayers with AATO over Rs 5 Cr., after 15th Oct, 2020
Goods and Service Tax Network has released a statement of Blocking of E-Way Bill (EWB) generation facility for taxpayers with Aggregate Annual Turnover over Rs 5 Cr., after 15th October, 2020. The statement is as follows- 1. In terms of Rule 138 E (b) of the CGST Rules, 2017, the E Way Bill generation facility […]
Read moreCBIC issued clarification on application of Rule 36(4) of the CGST Rules
Circular No. 142/12/2020- GSTF. No. CBIC/20/06/14/2020-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, the 9th October, 2020 ToThe Pr. Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Central Tax (All),The Principal Director Generals / Director Generals (All) Madam / Sir, Subject: Circular on Clarification […]
Read moreEverything about E-invoicing under GST
E-invoicing under GST has came into effect from October 01, 2020 for businesses with aggregate turnover exceeding Rs. 500 crore in any preceding FY from 2017-18 onwards. There is a common misconception among the people that GST e-invoicing means the business will have to generate an invoice through the GST portal. But, the reality is, GST […]
Read moreCA Exams postponed for places at which Elections announced
CA Exams: The attention of the students who are appearing in November 2020 ICAI examination, in terms of announcement No. 13-CA (EXAM)/N/2020 dated 15th July 2020; is drawn to the following modifications in the schedule announced so far: 1. Students appearing from the examination centers wherein Legislative Assembly Elections in Bihar and Parliamentary By- Elections […]
Read moreEverything about Form 16 under Income Tax
Form 16 is a certificate issued by an employer for tax deduction at source (TDS) from the salary of the employee. It contains the information you need to prepare and file your income tax return. Form 16 has two parts: – PART A and PART B. PART B is an annexure to PART A. PART A […]
Read moreICAI Re-opens correction window for changing CA Exam centre
CA Exams: Institute of Chartered Accountants of India (ICAI) has announced the Re-opening of online facility (correction window) for seeking change of examination city for appearing in November 2020 CA Examinations. In view of the health and safety requirements arising out of ongoing COVID-19 pandemic and in the interest of the well-being of students who […]
Read more42nd GST Council Meeting Recommendations
42nd GST Council Meeting: The 42nd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers […]
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