Institute of Chartered Accountants of India ICAI Press Release Ind AS 116, Leases – A New Era of Accounting for Lease contracts by Lessees In the larger interest of the Indian economy and industries, the ICAI always endeavours to ensure that Indian Accounting Standards (Ind AS) Framework remains converged at all time with globally acceptable IFRS Standards. […]
As the poll season reaches its climax, the stage is all set for festival of democracy in India. In the 17th Lok Sabha elections, the biggest democratic elections in the history of mankind, about 900 million people will participate. Being harbingers of growth and partnering- nation-building, we Chartered Accountants have an important role to play in this mega exercise.
These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2019. They shall come into force on 1st day of April, 2019.
In re Jamna Auto Industries Ltd (GST AAR Haryana) Q. What is the appropriate classification and applicable rate of the Products namely U-Bolt, Screws Bolts and Nuts, Spring Pins and Bushes manufactured and supplied by the Applicant? Ans. The items U-Bolt and Centre Bolt fall under Tariff Heading 7318 15 00 are taxable at the […]
Procedure and Aayat Niryat Form to avail Transport and Marketing Assistance (TMA) for Specified Agriculture Products e notified .
In re Uttarakhand Power Corporation Ltd. Dehradun. (GST AAAR Uttarakhand) The appellate authority modified said advance Ruling to the following extent: (i) In addition to services listed in serial nos 1, 2, 12, 14 & 18, six other services listed at serial nos. 3, 10,13,17 and 21 (being directly or closely related to the main […]
Circular No. 95/14/2019-GST dated 28th March, 2019 Verification of applications for grant of new GST registration A large number of registrations have been cancelled by the proper officer under the provisions of section 29(2) of the CGST Act, 2017 read with rule 21 of the CGST Rules, 2017 on account of non-compliance of the said statutory […]
In re The Bengal Rowing Club (AAR West Bangal) Supply of food, by way of or as part of any service or in any other manner whatsoever, from the Applicant’s restaurant is classifiable under SAC 9963 and taxable under Sl No. 7(i) or 7(iii) of the Notification No. 11/2017-CT (Rate) dated 28/06/2017 (corresponding State Notification No. […]
F.No. 225/442/2018/ITA-II Government of India Ministry of Finance Department of Revenue (CBDT) Room No. 245-A, North Block, New Delhi, the 28th of March, 2019 To All Pr. Chief-Commissioners of Income Tax Sir/Madam, Subject: Verification of suspicious transactions in case of struck-off companies-reg. Kindly refer to the above. In the last few years, Register of Companies […]
Office Order No. 74 of 2019 – Allocation/Reallocation of work in the respect of all matters and cases or classes of cases relating to the Benami Transactions (Prohibition) Act, 1988 – reg.
