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Consultation Paper on Regulatory Framework For Accredited Investors in IFSC

November 26, 2023 753 Views 0 comment Print

Explore the proposed regulatory framework for Accredited Investors in IFSC, aligning with international standards. Provide feedback on this Consultation Paper by December 7, 2023

Draft SA 700: Forming Opinion and Reporting on Financial Statements

November 25, 2023 6246 Views 0 comment Print

Explore the key aspects of SA 700 (Revised) for auditors, covering forming opinions on financial statements, reporting requirements, and global consistency. Learn the effective date and objectives

Exposure Draft Standard on Auditing 570 Going Concern

November 25, 2023 999 Views 0 comment Print

Explore the details of Standard on Auditing 570 (SA 570) regarding going concern in financial statements. Learn the auditor’s responsibilities, risk assessment, and implications for the auditor’s report

Exposure Draft Standard on Auditing 530 Audit Sampling

November 25, 2023 3807 Views 0 comment Print

Introduction Scope of this SA 1. This Standard on Auditing (SA) applies when the auditor has decided to use audit sampling in performing audit procedures. It deals with the auditor’s use of statistical and non-statistical sampling when designing and selecting the audit sample, performing tests of controls and tests of details, and evaluating the results […]

Draft of SA 315, Identifying & Assessing Risks of Material Misstatement through Understanding the Entity and Its Environment

November 25, 2023 2091 Views 0 comment Print

Explore Standard on Auditing 315 Identifying Risks of Material Misstatement. Learn effective risk assessment procedures, internal control evaluation, and more

Section 54(1) Time Limit for GST Refund: Directory, Not Mandatory

November 25, 2023 6768 Views 0 comment Print

Explore Lenovo vs Joint Commissioner GST case on Section 54(1) time limits for GST refund. Detailed analysis of rejection and mismatch issues.

High court reduces GST Penalty from Rs. 56,00,952 to Rs. 10000

November 25, 2023 107652 Views 0 comment Print

Allahabad High Court judgment reduces GST penalty from Rs. 56,00,952 to Rs. 10,000 in Clear Secured Services Pvt Ltd vs Commissioner case. Analysis and implications.

Failure to File Annual Return- MCA Imposes Penalty

November 24, 2023 999 Views 0 comment Print

Ministry of Corporate Affairs imposes penalties on EMTEX International Limited for violating Section 92 of Companies Act 2013. Detailed analysis of the adjudication order and its implications

Failure to File Financial Statement – MCA Imposes Penalty

November 24, 2023 882 Views 0 comment Print

Ministry of Corporate Affairs imposes penalties on EMTEX International Limited for violating Section 137(1) of the Companies Act. Explore the adjudication order, penalties, and legal implications

MCA Imposes Penalty for Failure to Submit Loan Resolution (Form MGT-14)

November 24, 2023 1332 Views 0 comment Print

MCA) recently imposed penalties on Rajvansh Auto Wheels Private Limited and its directors, Pradeep Garg and Praneet Garg, for non-compliance with Section 62(3) of the Companies Act, 2013. The violation pertains to the company’s failure to submit a resolution in Form MGT-14 regarding the raising of loans,

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