GST-Compensation-Cess-to-Continue-Beyond-2024-1024x577

GST Compensation Cess to Continue Beyond 2024

Over 81,000 crore INR is due as GST compensation for the states in the fiscal year 2021. The Parliament was informed this Monday that over 55,000 crore INR is outstanding for April-May 2021. A compensation of Rs. 91,000 crore has been…

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ICAI has issued an exposure draft of the revised accounting standard

The Institute of Chartered Accountants of India (ICAI) has recently displayed an exposed draft on income taxes. This draft is for a revised accounting standard.  The exposure draft is indeed the newest among other few standards of accounting that have been…

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