taxconcept

Monthly GST revenues more than ₹1.4 lakh crore for nine straight months in a row

The gross GST revenue collected in the month of November 2022 is ₹1,45,867 crore of which CGST is ₹25,681 crore, SGST is ₹32,651 crore, IGST is ₹77,103 crore (including ₹38,635 crore collected on import of goods) and Cess is ₹10,433 crore (including ₹817 crore collected on import of goods) The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from …

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ICICI Bank plans to offer other retail loans such as personal, auto, and credit cards on this platform

ICICI Bank has launched a new digital-lending platform called ‘iLens’ ICICI Bank plans to offer other retail loans such as personal, auto, and credit cards on this platform. iLens, which stands for ICICI Bank Lending Solutions, is powered by the TCS Lending Platform and is customised with ICICI Bank’s proprietary policies for loans, data-led algorithms, …

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NITI Aayog releases study report on ‘Carbon Capture,

CCUS is key to ensuring sustainable development and growth in India, particularly for the production of clean products and energy, leading to an Atmanirbhar Bharat A study report, titled ‘Carbon Capture, Utilisation, and Storage Policy Framework and its Deployment Mechanism in India’, was released today. The report explores the importance of Carbon Capture, Utilisation, and …

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23.56 crore e-KYC transactions executed using Aadhaar in Oct

Aadhaar adoption and usage by residents continues to progress across India, indicative of how it is touching lives, and enabling ease of living for residents. In October, over 175.44 cr authentication transactions were carried out via Aadhaar. A majority of these monthly transactions were done by using fingerprint biometric authentication, followed by demographic and OTP …

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NPS exit rule eased, Check new NPS rules

NPS exit rule change The National Pension System (NPS) pensioners will no longer have to fill out a separate proposal form to choose the annuity after exiting the pension corpus. Good news for NPS subscribers All NPS subscribers now have to fill and upload a proposal form along with the specified supporting documents including KYC …

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TRAI releases recommendations on “Use of Street Furniture for Small Cells and Aerial Fibre deployment”

TRAI releases recommendations on “Use of Street Furniture for Small Cells and Aerial Fibre deployment” The Telecom Regulatory Authority of India (TRAI) today released its recommendations on “Use of Street Furniture for Small Cells and Aerial Fibre deployment”. As India plans to launch 5G, small cells can play a pivotal role in network upgradation and expansion. …

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Bank holidays December 2022: Banks to remain closed for 14 days in December

Bank holidays in December 2022: The Reserve Bank of India (RBI) issues a list of holidays every month when banks remain shut. As per the RBI bank holidays list, all public and private sector banks will remain closed for 14 days in December this year. The holidays include various festivals and Sundays and second and fourth …

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GST Notification: Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017 regarding

Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017 regarding

Prime Minister Shri Narendra Modi, in the latest edition of Mann Ki Baat, highlights the importance of Indian Music in uniting people

Prime Minister Shri Narendra Modi, during the 95th Edition of ‘Mann Ki Baat’ on 27th November, 2022 said that our country is home to the oldest traditions in the world. Therefore, it is also our responsibility to preserve our traditions and traditional knowledge, to promote it and to take it forward as much as possible. The …

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Dailyhunt parent sacks 150; to cut salaries for staff earning over ₹10 lakh per annum

VerSe Innovation Pvt. Ltd, the parent of news aggregator Dailyhunt and short-video platform Josh, has laid off 5% of its employees at its mid-year performance review to cut costs and streamline operations. “Considering the economic climate we have evaluated our strategic priorities. For long-term viability of our business and our people, we have taken steps …

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Uniparts India IPO opens tomorrow. Check latest GMP, key details

Engineering systems and solutions provider Uniparts India’s ₹836-crore initial public offering (IPO) will open for public subscription on Wednesday, November 30, 2022 and conclude on Friday, December 2, 2022. The bidding for anchor investors will open on Tuesday, November 29. The price band has been fixed in the range of ₹548-577 a share for its three-day initial …

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Budget 2023-24: Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24

Union Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing 7 …

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ICAI: Information System Audit – Assessment Test (ISA – AT), December 2022

Subject: Information System Audit – Assessment Test (ISA – AT), December 2022 Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test (Old as well as New Syllabus) which is open to the members of the Institute will be held on 24th December2022 (Saturday) from 9 AM to 1 PM (IST) …

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Received a Notice From the Income Tax Dept?

There are a number of reasons why you can receive unexpected or unannounced communication from the income tax (I-T) department. You might not have submitted your income tax return on time is just one example. Additionally, there could have been computation problems, incorrectly reported income, excessive losses, or a wrong notice sent to you. According …

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ESIC Notification: Online registration through MCA Portal and inspection of the units regarding

Online registration through MCA Portal and inspection of the units regarding. It has been brought to the notice from various Regional Offices/Sub Regionall Offices that the inspection of units which have been registered through MCA portal with zero no. of employees are being generated through Shram Suvidha Portal and the SSO after checking the records …

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FM Smt. Nirmala Sitharaman chairs Pre-Budget consultation with Finance Ministers of States

The Union Finance Minister held the pre-budget consultations with the Finance Ministers of States and Union Territories (with Legislature) here today. The meeting was attended by Union Ministers of State (Finance), Chief Ministers, Deputy Chief Ministers, Lt. Governor of Jammu & Kashmir, Finance Ministers, Ministers and Senior Officers from the States/Union Territories and the Union …

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GSTN is Organizing Webinar on ‘Filing of an Appeal by Taxpayers on GST Portal’

Taxpayers Alert: Webinar on ‘Filing of an Appeal by Taxpayers on GST Portal’

GSTN is Organizing Webinar on ‘Filing of an Appeal by Taxpayers on GST Portal’- For creating awareness amongst all the stakeholders, GSTN is holding webinars on ‘Filing of an Appeal by Taxpayers on GST Portal’, as per the details given below: Webinar Topic Webinar on Filing of an Appeal by Taxpayers on GST Portal Language …

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Centre releases Rs. 17,000 crore of GST compensation to States/UTs

The Central Government released an amount of Rs. 17,000 crore to States/UTs on 24.11.2022 towards the balance GST compensation for the period April to June, 2022 (State-wise details as per Table below). The total amount of compensation released to the States/UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore. This …

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Tata Group to acquire India’s largest packaged water company Bisleri

Talks with the Tata Group have been going on for two years and Bisleri chairman Ramesh Chauhan made up his mind after meeting Tata Sons chairman N Chandrasekaran and Tata Consumer CEO Sunil D’Souza a few months back. “I like them. They are good guys,” the 82-year-old said, adding that he doesn’t see any point …

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