Finance

CBDT to validate UDIN generated from ICAI portal for Tax Audit Reports

The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August 2019, had made a generation of UDIN from ICAI website www.icai.org mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators. This was introduced to curb fake certifications by non-CAs misrepresenting themselves as Chartered Accountants. […]

Finance

Government extends ECLGS by one month

The ECLGS was announced as part of the Aatma Nirbhar Bharat Package (ANBP) to provide fully guaranteed and collateral-free additional credit to MSMEs, business enterprises, individual loans for business purposes and MUDRA borrowers, to the extent of 20 per cent of their credit outstanding as on 29.2.2020. […]

Finance

GST clocks Rs 1,05,155 Cr in october

The gross GST revenue collected in the month of October 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore and Cess is ₹ 8,011crore. The total number of GSTR-3B Returns filed for the month of October up to 31st October, 2020 is 80 lakh. […]