GUIDANCE NOTES ON ICSI AUDITING STANDARDS December, 2020 Price : Rs. 200/- (excluding postage) Issued by : THE INSTITUTE OF COMPANY SECRETARIES OF INDIA ICSI House, 22, Institutional Area, Lodi Road, New Delhi 110 003 Phones : 011-4534 1000, 4150 4444 • Fax +91-11-2462 6727 E-mail info@icsi.edu • Website www.icsi.edu PREFACE ICSI Auditing Standards aims […]
ICSI has received various queries from students regarding “Opt-Out Facility” given to carry forward from Dec 2020 to June 2021 exam session vide Announcement issued dated 20th December 2020.
SEBI, from time to time, has been issuing various circulars/directions which lay down the detailed requirements to be complied by listed entities while undertaking schemes of arrangements.
Strengthening infrastructure has been an area of priority of the Board. Recently, in the backdrop of budgetary constraints, a review was conducted by the Board of the infrastructure projects for which funds have been sanctioned or revalidated in the current Financial Year.
Quarterly Return Monthly Payment Scheme Taxpayers with annual turnover upto 31.5 Crore and filing GSTR-1 on monthly basis presently have not been migrated to QRMP scheme. They can opt in for this scheme and avail the following benefits of this scheme: > File GST Statements/Returns In FORM GSTR-1 & GSTR-3B just once in a Quarter […]
Ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) The system has started providing auto-populated GSTR-3B on the basis of GSTR-1 & GSTR-2B from the tax period of November 2020 onwards. In this auto-populated GSTR-3B, liability on account of inward supplies attracting reverse charge auto-populated in Table-3.1(d) is also drawn from GSTR-2B of […]
Mr Rajnish Jain Vs Manoj Kumar Singh – I.R.P. (NCLAT, Delhi) Resolution Professional or Committee of Creditors cannot reclassify status of a creditor from Financial to Operational Creditor NCLAT held that during CIRP, the IRP is authorised to collate the claims, and based on that he is empowered to constitute the Committee of Creditors. We […]
In re Thirumalai Chemicals Limited (GST AAR Tamil Nadu) Q. The value to be adopted in respect of transfer to branches located outside the state? Ans: The applicant can adopt any one of the following three methods provided under Rule 28 of the CGST/ TNGST Rules 2017 read with Section 15 of the CGST/TNGST Act […]
In re Aravind Drillers (GST AAR Tamil Nadu) 1. Drilling of Borewells for supply of water in agricultural land is not ‘Support Service for agriculture classifiable under ‘SAC 9986’ for the reasons stated in para 8.3 above 2. Letting out of compressors for pumping of water from the borewells to the agricultural field is not […]
In re M/s Faiveley Transport Rail Technologies India Limited (GST AAR Tamil Nadu) DGGSTI has taken up investigations on the classifications adopted by the applicant on their supplies to Indian Railways and classified under CTH 8607. The subject goods are supplied to `Indian Railways’ and the applicant classify the same under CTH 8607. The application […]
