Everybody faces hardship of life. Life is simple, though appears to be complex. It’s interpretation and handling of life that matters the most. Just look at Lotus plant floating in a pool of water.
Keeping in mind highest standards of Chartered Accountancy profession in India, Council of ICAI thought it necessary to issue such KYC norms to be observed by members of profession who are in practice.
ICAI has revised it advisory and removed the part which advises members to not to share /write any negative personal views by way of an article or interview on any platform regarding demonetisation. ANNOUNCEMENT For attention of Members Demonetisation Policy announced by Government of India- An Advisory for Members As you may be aware, the […]
Companies (Amendment) Bill, 2016 is based on the recommendations of Companies Law Committee after taking into account comments received on report.
a) Monetary items shall be converted into reporting currency by applying the closing rate and the difference shall be recognized as income or expenses in that previous year.
Seizure of Rs. 106.52 crore Cash and 127 kg Gold in the case of Sand mining Contractors at Chennai by the Income Tax Department. Eight premises (six residential & two offices) were covered in the search.
Schedule II prescribes such transactions which will be deemed to be supply of goods and services. There is not much change in this schedule.
Input tax in relation to a taxable person, means IGST, including that on import of goods, CGST and SGST charged on any supply of goods or services to him and includes tax payable under sub-section (3) of section 8, but does not include tax paid under section 9
Every person whom schedule III is applicable is liable to register within 30 days. The registration is to be taken for every state, no centralized registration is available.
As you are aware of the fact that revised draft GST law is published by the Government. Many changes have been made in the revised draft GST law in comparison to earlier draft GST law. If we compare the old draft GST law with the new revised draft GST law then we can study the changes which have been made and their impact on the trade and industry.
