CA JAYPRAKASH PANDEY

GST

Must read -Official PRESS RELEASE on 45th Meeting of the GST Council at Lucknow

CA Jayprakash PandeySeptember 17, 2021September 17, 2021

45th Meeting of the GST Council, Lucknow17th September, 2021 The GST Council’s 45th meeting was held today in Lucknow under the chairmanship ofthe Union Finance & Corporate Affairs Minister Smt....

tax concept

Tax Concept – Did you know basics of Advance Tax?

CA Jayprakash PandeySeptember 12, 2021September 12, 2021

Today we will discuss on basics of Advance tax concept under direct tax. Advance tax means income tax should be paid in advance instead of lump sum payment at year end....

CS ICSI

ICSI – Important Announcement For December Examination Enrollment

CA Jayprakash PandeySeptember 8, 2021September 8, 2021

Important Announcement For December Examination Enrollment. Read more @ below

SEBI NEWS

SEBI Updates : – Introduction of T+1 rolling settlement on an optional basis by SEBI

CA Jayprakash PandeySeptember 8, 2021September 8, 2021

Highlights of SEBI Circular - (SEBI Circular No. SEBI/HO/MRD2/DCAP/P/CIR/2021/628Dtd. 07 th September, 2021) 1) Applicability: The provisions of this circular shall come into force w.e.f. 1 st January, 2022. 2)T+1...

SEBI NEWS

ICAI Announcement for CA Students

CA Jayprakash PandeySeptember 8, 2021September 8, 2021

Important Announcement - Students converted from earlier scheme to revised scheme from July 21, 2021 to August 20, 2021 allowed to appear in Old/ New scheme in November, 2021 examination....

CBDT

Breaking : -CBDT allows opportunity to taxpayers to file application for settlement until September 30

CA Jayprakash PandeySeptember 7, 2021September 7, 2021

CBDT provides the opportunity has been extended to those taxpayers who were eligible to file a settlement application as on January 31, 2021. Finance Act, 2021 led to the dissolution...

GST

Good News for taxpayers – GST Amnesty Scheme now extended till 30.11.2021

CA Jayprakash PandeyAugust 29, 2021August 29, 2021

GST Amnesty Scheme now extended till 30.11.2021 [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/08/5_6149964886618145688.pdf"]

TV VIP

Attention to all taxpayers – File your pending GSTR-3B immediately

CA Jayprakash PandeyAugust 28, 2021August 28, 2021

Rule 59(6) provides restriction on tax payers from filing GSTR-1/IFF 1) Applicable - W.e.f 1st of September, 2021 2) Title - Rule-59(6) to be implemented on the GST Portal Rule...

ICAI

Must watch – Catch the 2nd Episode of the Talk Show “Chartered Accountants : The Growth Gears”

CA Jayprakash PandeyAugust 27, 2021

Committee for Members in Industry and Business (CMI&B) of ICAI is proud to launch TV series on ZEE Business, Chartered Accountants: The Growth Gears, showcasing the 360-degree arena of the...

GSTN

Important GST portal updates -Restriction in Filing GSTR-1 & IFF

CA Jayprakash PandeyAugust 27, 2021August 27, 2021

As per Rule 59(6) of CGST Rules provides for restriction in Filing GSTR-1 & IFF Registered person shall not be allowed to furnish FORM GSTR-1/IFF in the following cases 1)...

ICAI

ICAI election updates – Choose your Polling Booth for ICAI Election 2021

CA Jayprakash PandeyAugust 25, 2021

ICAI has announced the Election Dates December 3 & 4, 2021. Amidst COVID -19 commute has reduced, Earlier the voting booth were allotted as per our professional address. To reduce...

Cabinet

Good news for CA professional – Union cabinet approves the MOU between ICAI and IPAR

CA Jayprakash PandeyAugust 25, 2021August 25, 2021

The union cabinet approves the MOU between The Institute of Chartered Accountants of India (ICAI) & The Institute of Professional Accountants of Russia (IPAR) which will be pivotal for developing...

NATIONAL NEWS

CCI imposes Rs 200 crore penalty on Maruti for voilation of the provisions of Competition Act, 2002

CA Jayprakash PandeyAugust 24, 2021

CCI imposes Rs 200 crore penalty on Maruti for restricting discounts by dealers The Competition Commission of India (CCI) passed a final order against Maruti Suzuki India Limited (MSIL) for...

TC VIP Content

Must read – Nirmala Sitharaman took a meeting with Mr. Salil Parekh, MD & CEO, Infosys on glitches of new IT portal

CA Jayprakash PandeyAugust 23, 2021August 23, 2021

Ministry of Finance Finance Ministry meeting with Infosys on glitches in e-filing portal of Income Tax Department Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman took a meeting...

TC VIP Content

Breaking news – As per recent tweet of Infosys and duly confirmed that – new IT portal is live

CA Jayprakash PandeyAugust 22, 2021August 22, 2021

As per recent tweet made by Infosys India business - "The emergency maintenance of the @IncomeTaxIndia portal has concluded and the portal is live. We regret any inconvenience caused to...

NATIONAL NEWS

FinMin has “summoned” Infosys MD & CEO Salil Parekh to explain to why glitches on the Income Tax portal has not been resolved

CA Jayprakash PandeyAugust 22, 2021August 22, 2021

Ministry of Finance has summoned Sh Salil Parekh,MD&CEO @Infosys on 23/08/2021 to explain to hon''ble FM as to why even after 2.5 months since launch of new e-filing portal, glitches...

ICAI

Today Must Watch – First show of the TV series on ZEE Business, CHARTERED ACCOUNTANTS: THE GROWTH GEAR

CA Jayprakash PandeyAugust 22, 2021August 22, 2021

CMI&B of ICAI is proud to launch a first of its kind TV series on ZEE Business, Chartered Accountants: The Growth Gears, showcasing the 360-degree arena of the work of...

TC VIP Content

Must read : – Proud moment for CA/CS/ICWA professional

CA Jayprakash PandeyAugust 20, 2021

Finally, the University of Delhi has recognized CA,CS and CMA qualification equivalent to the Post Graduation Degree. This notification will help large number of Professional Colleagues who want to...

FRAUD

Busting of of fake invoice racket evading tax of Rs. 32.56 crores of GST. Total 4 persons arrested.

CA Jayprakash PandeyAugust 20, 2021

Press Release issued by CGST Agra Commissionerate regarding busting of of fake invoice racket evading tax of Rs. 32.56 crores of GST. Total 4 persons arrested. Read detailed story from...

MCA/ROC

MCA Provides Relaxation to specified practicing CA, CMA and CS w.r.t conducting online Test for Independent Director

CA Jayprakash PandeyAugust 20, 2021August 20, 2021

MCA issued notification dated 19 Aug 21 providing some further relaxation from online proficiency test for appointment as ID after database registration. A person practicing as Advocate, CA, CMA, CS...

INCOME TAX

Ministry of finance via press release provide information regarding department conducts searches in NCR

CA Jayprakash PandeyAugust 19, 2021

Ministry of finance via press release provide information regarding department conducts searches in NCR Posted On: 17 AUG 2021 8:05PM by PIB Delh The Income Tax Department conducted searches on...

GSTN TC VIP Content

GSTN – Module wise new functionalities deployed on the GST Portal for taxpayers, Refer to table below

CA Jayprakash PandeyAugust 16, 2021August 16, 2021

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund...

SEBI NEWS

SEBI updates for listed entities are not required to disclose information relating to credit rating

CA Jayprakash PandeyAugust 16, 2021August 16, 2021

As per recent notification of SEBI, now listed entities are not required to disclose information relating to credit rating in their financial statements. SEBI has amended the SEBI (Listing Obligations...

ECONOMY

GOVT notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.

CA Jayprakash PandeyAugust 14, 2021

MINISTRY releases list of single-use plastic items that will be banned from July 2022 . Single-use plastic items, including ear buds with plastic sticks, balloons' plastic sticks, plastic flags, candy...

INCOME TAX

SOP for Penalties under Faceless Penalty Scheme-2021

CA Jayprakash PandeyAugust 14, 2021August 14, 2021

SOP for Penalties under Faceless Penalty Scheme-2021 National Faceless Assessment Centre, Delhi2nd Floor, E-RampJawaharlal Nehru Stadium, Delhi-110003email: ashish.abrol@qov.inPhone No: 011-24360103 F. No.A.A(N.A.F.A.C)-1/2021-22/439Dated: 09.08.2021 To, All Chief Commissioners of Income-tax,Regional Faceless Assessment CentresSub: –...

CBDT

Twitter handle of Income Tax India – CBDT issues refunds of over Rs. 47,318 crore between 1st April, 2021 to 09th August, 2021

CA Jayprakash PandeyAugust 14, 2021

CBDT issues refunds of over Rs. 47,318 crore to more than 22.61 lakh taxpayers between 1st April, 2021 to 09th August, 2021. Income tax refunds of Rs. 14,241 crore have...

ICAI

ICAI Announce the Launch of mobile Application “ICAI BOS” for ICAI students

CA Jayprakash PandeyAugust 14, 2021

The Institute of Chartered Accountants of India BOS of ICAI is pleased to announce the Launch of mobile Application "ICAI BOS" for ICAI students on the iOS Platform is available...

GST

GSTN issued Advisory on GSTR-1 Filing

CA Jayprakash PandeyAugust 12, 2021

GSTN issued Advisory on GSTR-1 Filing (11 August 2021)

GST INDIRECT TAXATION TC VIP Content

To know how? Diesel not under GST but GST @ 18% as part of composite service

CA Jayprakash PandeyAugust 11, 2021August 11, 2021

Cost of diesel incurred as part of a composite service will attract GST even though the fuel itself has not been included under the new indirect tax system, it has...

CA Jayprakash Pandey

Must read -Official PRESS RELEASE on 45th Meeting of the GST Council at Lucknow

Tax Concept – Did you know basics of Advance Tax?

ICSI – Important Announcement For December Examination Enrollment

SEBI Updates : – Introduction of T+1 rolling settlement on an optional basis by SEBI

ICAI Announcement for CA Students

Breaking : -CBDT allows opportunity to taxpayers to file application for settlement until September 30

Good News for taxpayers – GST Amnesty Scheme now extended till 30.11.2021

Attention to all taxpayers – File your pending GSTR-3B immediately

Must watch – Catch the 2nd Episode of the Talk Show “Chartered Accountants : The Growth Gears”

Important GST portal updates -Restriction in Filing GSTR-1 & IFF

ICAI election updates – Choose your Polling Booth for ICAI Election 2021

Good news for CA professional – Union cabinet approves the MOU between ICAI and IPAR

CCI imposes Rs 200 crore penalty on Maruti for voilation of the provisions of Competition Act, 2002

Must read – Nirmala Sitharaman took a meeting with Mr. Salil Parekh, MD & CEO, Infosys on glitches of new IT portal

Breaking news – As per recent tweet of Infosys and duly confirmed that – new IT portal is live

FinMin has “summoned” Infosys MD & CEO Salil Parekh to explain to why glitches on the Income Tax portal has not been resolved

Today Must Watch – First show of the TV series on ZEE Business, CHARTERED ACCOUNTANTS: THE GROWTH GEAR

Must read : – Proud moment for CA/CS/ICWA professional

Busting of of fake invoice racket evading tax of Rs. 32.56 crores of GST. Total 4 persons arrested.

MCA Provides Relaxation to specified practicing CA, CMA and CS w.r.t conducting online Test for Independent Director

Ministry of finance via press release provide information regarding department conducts searches in NCR

GSTN – Module wise new functionalities deployed on the GST Portal for taxpayers, Refer to table below

SEBI updates for listed entities are not required to disclose information relating to credit rating

GOVT notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.

SOP for Penalties under Faceless Penalty Scheme-2021

Twitter handle of Income Tax India – CBDT issues refunds of over Rs. 47,318 crore between 1st April, 2021 to 09th August, 2021

ICAI Announce the Launch of mobile Application “ICAI BOS” for ICAI students

GSTN issued Advisory on GSTR-1 Filing

To know how? Diesel not under GST but GST @ 18% as part of composite service

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CGST Officials Arrested 2 Persons for Input Tax Credit Fraud of More Than Rs 10 Crore

Must read - To know how much Contribution of MSMEs to GDP