ICAI BOS IMPORTANT ANNOUNCEMENT FOR NOV. 2020 CA EXAMS RELEASED

BIG CHANGE IN CASH WITHDRAWAL FROM 01.07.2020 TDS ON CASH WITHDRAWAL

AAR tweaks definition of aggregrate turnover to include interest from PPF, Bank savings and loans used for GST registration threshold

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The Authority for Advance Ruling (AAR) has said the value of exempted income, like interest on PPF, savings bank account and loans given to family or friends, will now be included along with taxable supplies while calculating the threshold limit for obtaining GST registration.
For businesses and individuals, they are required to obtain GST registration if their aggregate

Goods purchased, sold overseas liable to GST in India: AAR

Domestic company buying goods from abroad and selling to another country will have to pay GST on such transactions even if the said products are not entering the Indian territory, the Authority for

Gutkha baron Wadhwani siphoned GST money to Pakistan, Dubai, court told evades Rs.233 crores GST

Indore, June 19 (IANS) The Directorate General of Goods and Services Tax Intelligence (DGGI) on Thursday told a local court that it apprehended that Rs 233 crore siphoned through tax evasion by ''gutkha baron'' Kishore Wadhwani has been illegally transferred to Pakistan and Dubai.
The central agency investigating the case of GST evasion of GST through illegal trading of pan

PWC loses its own case in ITAT: held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules.

The Income Tax Appellate Tribunal (ITAT) in the PwC case held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules.
The appellant PricewaterhouseCoopers Private Limited is in the business of providing, inter alia, management consultancy services, and also accounting and business advisory services. The

Supreme Court order provides big relief to auditors of IL&FS ie Deloitte and BSR & Associates

NEW DELHI: In a big relief to BSR & Associates LLC, and Deloitte Haskins and Sells, both former auditors of IL&FS Financial Services Ltd, the Supreme Court (SC) on Tuesday refused to stay the Bombay High Court (HC) order to quash all prosecution against the two firms pending before the National Company Law

Dhiraj Khandelwal tweets on extention of old course for CA final

ICSI postpones CS examinations which were scheduled to be held in July

National Student's Union of India writes to ICAI and ICSI to postpone exams to be held in July 2020 in view of pandemic

‘Postpone Examinations Till November’, demand ICAI Students on twitter

With less than two months to go, anxiety is looming large among lakhs of candidates appearing for CA July 2020 exams due to the corona-virus pandemic and the subsequent lockdown, which they say has derailed their preparations. 

While many state education board postponing the exams, CA students demanded that the ICAI July

GST LATE FEES WAIVED OFF FROM JULY 17 TO JAN 20|Gst Council Meeting Big DECISIONS|

Parotta and roti are separate: Authority for Advance Rulings' Karnata bench hence different GST rates applicable to both

If you like your parotta, you are not going to like what's coming.
As per a recent rule by the Authority for Advance Rulings' Karnata bench, parotta and roti are separate. Distinguishing between the two Indian varieties of shortbread, the GST ruling said that

TWO OPTIONS TO BE GIVEN FOR GST LATE FEES|GSTR3B FILING AND LATE FEES WAIVER

EOW arrests Congress MLC and Chairman of Shivajirao Bhosale Co-op Bank based on FIR filed by Chartered Accountant appointed as RBI Auditor

MLC Anil Bhosale (right)
PUNE: The city police’s economic offences wing recently filed a chargesheet against Nationalist Congress Party’s sitting MLC Anil Bhosale and three other accused, pegging the total embezzlement

RBI asks SBI to appoint a qualified chartered accountant as CFO whose estimated package is Rs.1 crore

The Reserve Bank of India (RBI) has asked State Bank of India (SBI) to appoint a qualified chartered accountant (CA), with relevant experience, as its chief financial officer (CFO). At present, SBI does not have a CA in its top ranks — deputy managing director (DMD) or chief general manager.
A senior SBI executive said due to the central bank's directive, the bank has decided to opt for an