CA Online

  As the Centre prepares to enforce a 28% GST on online gaming beginning Sunday, several search, recruitment and staffing firms have noted a surge in the resumes of employees from this sector entering the job market. The increasing number of job seekers reflects their concerns about the GST's potential effects on their future. Experts from over half-a-dozen hiring firms told ET that this trend has become particularly pronounced in recent weeks. "In the face of headwinds resulting from frequent regulatory changes and reports of scams, there are layoffs and a surge of talent actively seeking new opportunities in other sectors," said Manu Saigal, director - general staffing at Adecco. Job search by talent in Indian gaming bellwethers such as Dream11, Games24x7, MPL, Junglee, Baazi, Winzo and Moonfrog, among others, has nearly tripled over the last six weeks, according to data put together for ET by specialist staffing firm Xpheno. This comes as professionals face the prospec

  The Income Tax Department's e-filing portal received more than 30 lakh audit reports (TAR) up till September 30, the tax authority of India reported on Monday. In a release, the Income-tax Department expressed its gratitude to taxpayers and tax experts for timely compliance. The tax audit report had to be submitted by September 30 of the applicable assessment year by those who had their books audited. "More than 30.75 lakh audit reports, including about 29.5 lakh Tax Audit Reports have been filed for AY 2023-24 on the e-filing portal till the end of the due date (September 30)," the release added. There were substantial outreach programmes carried out to help the taxpayers. "Around 55.4 lakh outreaches were done through e-mails, SMSs, social media, along with information messages on Income Tax portal to create awareness among the taxpayers to file the Tax Audit Reports and other audit forms within the due date," it said.   "Various user awareness videos w

  Recently, SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation. In a novel, unique and constructive move it has invited three of the main industry associations to together form an Industry Standards Forum which will assist in designing the implementation standards for some of the proposed regulations. The Forum will work in consultation with SEBI, and the two Stock Exchanges will coordinate these initiatives. This pilot initiative of SEBI is clearly a paradigm change in regulation implementation. It will allow experts in various industry bodies to contribute to the design of implementation standards for various regulations. The involvement of industry bodies is indeed path breaking.   The first regulation that has been worked upon by the Industry Standards Forum on a pilot basis is pertaining to rumour verification which was to come into effect from October 1, 2023. This regulation required some of the listed companies to confirm/ deny