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Archive: 01 June 2021

Posts in 01 June 2021

GST Applicability on Branded Cereals

June 1, 2021 3519 Views 1 comment Print

India had been agriculture based economy and the sector has significant contribution in GDP as well in terms of generation of employment. Monsoon has always played a crucial role in the health of economy in any financial year. However, being the core sector for the human needs and survival, the intention of the government has […]

Listing of Small and Medium Enterprise on SME Exchange

June 1, 2021 6018 Views 0 comment Print

SME means Small and Medium Enterprise under section 7 of the ‘Micro, Small and Medium Enterprises Development Act, 2006’ which classifies micro, small and medium enterprises into the following: A micro enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees; […]

Significance of SQC 1- Standard on Quality Control

June 1, 2021 9495 Views 0 comment Print

Significance of SQC 1 – Quality Control for Firms that Perform Audits & Reviews of Historical Financial Information and Other Assurance & Related Services Engagements This topic is most important for Chartered Accountants firm having practice in areas of Audit, Review, Assurance services. Will it be Tax Audit, Statutory Audit, Review of quarterly results of […]

Types of Debentures : A quick recap

June 1, 2021 2760 Views 0 comment Print

What is a Debenture? Section 2(30) of the Companies Act, 2013 defines a debenture which includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not. So basically, it is a kind of document evidencing a debt or acknowledging it […]

Electric Vehicles Policy in India- All you need to Know

June 1, 2021 4737 Views 0 comment Print

Introduction The automobile industry in the 20th Century is ruled by the United States of America and other European nations. It would not be a hyperbole to state that the western world has mastered the art of Internal Combustion technology (ICT) in automobile manufacturing and India due to its colonial shackles was never in a […]

Amendments in exemptions from GST on donation of covid relief materials

June 1, 2021 9567 Views 0 comment Print

It is important to note that exemptions have been given on import of only those items whose availability are not in adequate quantity in India, therefore, one may find masks, sanitizers, PPE kits, oximeter, thermometer, Test kit, etc. not been exempted from these taxes.

CMA Foundation, Intermediate and Final Exams rescheduled

June 1, 2021 441 Views 0 comment Print

In view of the present acute pandemic situation arising out of the spread of COVID-19, it is hereby notified for information of all concerned that the dates of conducting June, 2021 term of Examinations of the Institute are being rescheduled.

Extension of ICSI UDIN Amnesty Scheme, 2021 Till June 15, 2021

June 1, 2021 852 Views 0 comment Print

Keeping in view the persisting situations in the country due to COVID 19 and various practical difficulties being faced by the members, the Institute has decided to extend the ICSI UDIN Amnesty Scheme, 2021 till June 15, 2021.

Appeal for review unlocking process in Delhi – Current unlock is meaningless : CAIT

June 1, 2021 255 Views 0 comment Print

We truly acknowledge and appreciate efforts of Delhi Government in handling the unprecedented second wave of Covid in Delhi which has left an indelible impression in the hearts and mind of the citizens of Delhi and also appreciate the process of unlocking Delhi initiated by you which we feel is proving to be futile exercise.

Busting Myths of Vaccination

June 1, 2021 420 Views 0 comment Print

Busting Myths of Vaccination Generation of COVID-19 vaccination certificate is linked to the updation of Status by the Vaccinator on Site Weblink to download certificate is sent through Text SMS Govt of India has issued advisory to ensure same day Vaccination Certificates to be issued to all vaccinated beneficiaries Citizens also must check SMS confirmation […]

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