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Archive: 17 February 2021

Posts in 17 February 2021

Internal Control System In State Owned Universities: A Study To Formulate Internal Control Manu-al

February 17, 2021 276 Views 0 comment Print

The findings of the Research Report on ‘Internal Control System in State Owned Universities A Study to Formulate Internal Control Manual’ stated that most of the state-owned universities are still following conventional method of accounting and doesn’t have an internal control system / manual, internal financial controls and Standard operating procedures in place to prevent, detect and control revenue leakages and wasteful expenditures.

How Indian Companies Can Play A Pivotal Role In The Supply Chain To Australia?

February 17, 2021 402 Views 0 comment Print

The Research Report focuses on developing trade between India and Australia and more specifically on how Indian companies can play a pivotal role in the supply chain to Australia?

Inching towards Tax Certainty: Neoteric Domestic Dispute Mechanism for Cross-Border Taxation

February 17, 2021 276 Views 0 comment Print

Research Report on ‘Inching towards Tax Certainty: Neoteric Domestic Dispute Mechanism for Cross-Border Taxation’ revealed that the prevailing dispute mechanism in India on cross border taxation matters has its flaws and has certainly not fostered tax certainty.

Impact of Digital Transformation Strategies On Performance of Manufacturing Companies In India

February 17, 2021 282 Views 0 comment Print

The findings of the Research Report on Impact of Digital Transformation Strategies on Financial Performance in the Indian Manufacturing Sector have an important implication for manufacturing firms in India, policymakers, regulators, financiers and other key stakeholders in the market.

Guidance Note On Accounting By E-Commerce Entities

February 17, 2021 3822 Views 0 comment Print

E-commerce is the activity of electronically buying or selling of products or online services over the internet. The online transactions can be conducted via mediums like computers, tablets, and smartphones. Most of the transactions are being done through online mode being ease in doing transactions by the consumers. In the above scenario, there was need felt for providing guidance for recording transactions conducted online.

Guidance Note on Accrual Basis of Accounting

February 17, 2021 2739 Views 0 comment Print

Investors and financial analysts rely on financial data to analyze the performance of a company and make predictions about its future direction of the company’s stock price. One of the most important resources of reliable and audited financial data is the annual report, which contains the firm’s financial statements.

GST Audit By Tax Authorities [Section 65]

February 17, 2021 25374 Views 1 comment Print

Now proposal of scrap of GST Audit has taken in union budget 2021  1. Scope of GST Audit under section 65 has been increased 2. As per Departmental information massive cases will be taken in GST Audit as per section 65 So all the professionals and consultant are preparing and update yourself to accept challenge […]

Establishment of Project Office in India by Foreign Company

February 17, 2021 7974 Views 2 comments Print

Setting up a project office in India is most preferred mode by a Foreign Company for executing contracts in India, awarded to it by Indian Companies. Establishment of Project Office is regulated by Foreign Exchange Management (Establishment in India of a branch office or a liaison office or a project office or any other place of business) Regulations, 2016 as amended from time to time.

NIC-Gepp Tool GST E-Invoice Preparing And Printing (Gepp) Tool

February 17, 2021 4080 Views 0 comment Print

National Informatics Centre (NIC) is happy to announce the release of beta of version of ‘NIC-GST e-invoice Preparing and Printing’ (NIC-GePP) excel based Tool to assist the tax payers, who are not having the ERP solution, to enter invoice in web based form and print the e-invoice with QR code, after downloading the IRN from […]

Exciting Job Roles & New Possibilities for a qualified CMA USA

February 17, 2021 1416 Views 0 comment Print

As on date there are about 40,000 active CMAs in the world and there is a pipleline of 80,000. In the recent years and in view of the globalization of the economy, there is a significant iteration of the fact that a CMA USA is just like having a Passport to the world of finance. […]

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