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Requirement to Complete (ICITSS) Orientation Course (15 Days) in Lieu of GMCS-I

July 8, 2017 1185 Views 0 comment Print

The students registered for Practical Training (Articleship) on or after 1st May, 2012 uptill 31st December, 2014 but not completed the GMCS-I course, shall be required to undergo (ICITSS) Orientation Course (15 days) w.e.f. 1st July, 2017 in lieu of GMCS-I.

ICAI allows students to shift from one Elective Paper to another

July 8, 2017 3711 Views 0 comment Print

Under the Revised Scheme of Education and Training, Electives have been introduced at the Final level in the following areas: Global Financial Reporting Standards, International Taxation, Financial Services & Capital Markets, Risk Management, Economic Laws, Multidisciplinary Case Study

Re-validation of Registration for CA course under Revised Scheme

July 8, 2017 2193 Views 0 comment Print

With the implementation of Revised Scheme, which comes into effect from 1st July, 2017 there would be cases of students who are registered under the existing scheme in the respective levels and whose registration would be expiring after discontinuation of existing scheme i.e. after 1st July, 2017

Transition Scheme for students of CPC, IPC & CA Final (old) Course

July 8, 2017 8853 Views 3 comments Print

Transition Scheme for students of Common Proficiency Course, Intermediate (IPC) Course and Final (old) Course along with the Conversion Fees for Switching Over to Revised Scheme

GST to boost MSMEs’ competitiveness, says study

July 8, 2017 1299 Views 0 comment Print

The Goods and Services Tax (GST) would boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by ASSOCHAM- Ashvin Parekh Advisory Services (APAS).

J & K joins GST making GST truly a “one nation, one tax” regime

July 8, 2017 1176 Views 0 comment Print

Earlier, the Goods and Services Tax was launched in the country from the midnight of 1st July, 2017. However, because of the special provisions applicable to the State of Jammu and Kashmir extra steps had to be taken before the State could join the GST fold.

7th CPC- Major Highlights of Allowances approved by Union Cabinet

July 7, 2017 1593 Views 0 comment Print

The Central Government’s decision on recommendations of the 7th Central Pay Commission (CPC) on Allowances published in Gazette of India yesterday i.e. 6th July, 2017; All allowances are given effect from 1st July 2017; Concerned Ministries advised to issue their Orders on Allowances governed by them immediately so that the revised rates of allowances get reflected in the current month’s Salary Bills of the Government employees

No increase in Tax on education in GST

July 7, 2017 1437 Views 0 comment Print

There is no change made in any subject relating to education in the GST era, except to reduce tax rate on certain items of education such as school bags etc.; Denies the reports that education will become expensive under GST; Rather services provided by an educational institution to students, faculty and staff are exempt.

Direct Tax Collections up to June, 2017 registers Growth of 14.8%

July 7, 2017 1023 Views 0 comment Print

Direct Tax Collections up to June, 2017 for F.Y. 2017-2018 stood at Rs. 1,42 Lakh crore registering a Growth of 14.8% higher than the net collections for the corresponding period of last year; Net direct tax collections represent 14.5% of the total Budget Estimates of Rs. 9.8 lakh crore for Direct Taxes for F.Y. 2017-18. […]

Features of Sovereign Gold Bond Scheme 2017-18– Series II

July 7, 2017 1293 Views 0 comment Print

Government of India in consultation with RBI decides to issue Sovereign Gold Bond Scheme 2017-18– Series II; Applications for the bond will be accepted from July 10, 2017 to July 14, 2017; The Bonds will be issued on July 28, 2017. Government of India, in consultation with the Reserve Bank of India, has decided to […]

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