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ICAI & ICAI RVO issues Concept Paper on All About Fair Value

May 2, 2020 771 Views 0 comment Print

Financial reporting in India has undergone a significant transformation owing to the adoption of Indian Accounting Standards (Ind AS) and fair value is the guiding principle in financial reporting across the globe. The Institute of Chartered Accountants of India (ICAI) converged accounting standards with IFRSs and accordingly, the financial statements beginning from the accounting year […]

ICAI postpones CA Examinations, May 2020

May 2, 2020 1002 Views 1 comment Print

Chartered Accountant Examinations scheduled from 19th June 2020 to 4th July, 2020* stand rescheduled and the said examinations shall now be held from 29th July 2020 to 16th August, 2020 as per details given below.

ICES Advisory -Streamlining of Certain Imports Processes in ICES-reg

May 1, 2020 900 Views 0 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-I) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-402/2017-18/AM(I)Part-II Dated : 01.05.2020 Public Notice No. 60/2020 DIN No. 20200578NW00001E822B Sub:- ICES Advisory 16/2020-Streamlining of Certain Imports Processes in ICES-reg. Attention of all the Importers, Custom Brokers, Shipping Lines/Agents, Logistics Service Providers […]

Extension of timeline for review and updation of stewardship policy

April 30, 2020 597 Views 0 comment Print

All the insurers were advised to review and update their existing stewardship policy based on the revised guidelines within three months from the date of issue of the circular, i.e., by 7th May, 2020.

Advisory To Policyholders And Insurers Related To COVID 19

April 30, 2020 849 Views 0 comment Print

Policyholders are requested to read the terms and conditions of their insurance policies carefully and be aware of the policy requirements in case they or their insured properties are located in areas where there could be prolonged restriction of movement.

Unhindered movement of trucks carrying good- Guidelines

April 30, 2020 744 Views 0 comment Print

Movement of all trucks and other goods/carrier vehicles with two drivers and one helper subject to the driver carrying a valid driving licence, an empty truck/vehicle will be allowed to ply after the delivery of goods, or for pick up of goods.

Discussion Paper Business Combinations—Disclosures, Goodwill & Impairment

April 30, 2020 636 Views 0 comment Print

Discussion Paper Business Combinations—Disclosures, Goodwill and Impairment issued by the IASB for comments The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of Chartered Accountants of India (ICAI) believes that Ind AS Framework has enhanced the quality of financial statements of […]

Sunset Review Investigation of imports of Sodium Citrate from China

April 30, 2020 651 Views 0 comment Print

The scope of the present review covers all aspects of the final findings No. 14/23/2013-DGAD dated 26th February, 2015 concerning imports of Sodium Citrate, originating in or exported from the People’s Republic of China.

CBIC notifies effective date for Rule 87(13) & Form GST PMT09

April 28, 2020 14577 Views 3 comments Print

CBIC notifies 21st day of April, 2020 asthe date from which Rule 87(13) of CGST Rules  & Form GST PMT-09  will comes into effect.  After this rule comes into effect a registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash […]

Kerala Flood Cess Return filing dates extended for Feb 20 to May 20

April 28, 2020 15090 Views 0 comment Print

But various trade bodies/organizations have raised certain practical difficulties with regards to the filing of Kerala Flood Cess returns along with GSTR 3B returns due to the unprecedented spread of pandemic COVID-19. The matter have been examined and found that the issues raised need to be redressed.

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