On the occasion of 43rd Foundation Day of the Indian Civil Accounts Service (ICAS), the Controller General of Accounts (CGA) and his team of senior officers along with the Expenditure Secretary, Shri G.C. Murmu called on the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in his office here today and briefed him on two recent achievements: Refunds of GST, and Operationalisation of PM-KISAN Scheme.
CGA presented a Report on Total GST Refunds made till date in this Financial Year 2018-19 which is about Rs. 84,000 crore. Under PM-KISAN Scheme, funds have been transferred into the accounts of more than 1 crore beneficiaries. On this occasion, a short film on ARPIT (Accounting and Reconciliation Portal of Indirect Taxes) was also shown to Finance Minister.
Earlier, the Finance Minister, Shri Arun Jaitley released a Compendium of Instructions on GST Refunds and a Copy of the Operational Manual on Internal Audit. The Finance Minister congratulated CGA and his team on the occasion of Civil Accounts Day and appreciated the good work being done by ICAS.
Only days on which actual services rendered by company to be considered in computing threshold for constitution of permanent establishment…
Depreciation on goodwill in the hands of amalgamated company upheld as Assessing Officer had taken a plausible view in line…
The ICAI has announced that provisions of the Income-tax Act, 2025 shall be applicable to CA exams conducted from 1st…
Addition u/s 68 deleted as there was no cash trail, rotation of funds, or incriminating evidences, no enquiry conducted into…
In case of re-allotment of flat by builder, stamp duty valuation would be with reference to date of booking of…
When information contained in loose papers not corroborated with assessee, there is absolutely no room for presumption that it belongs…