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Educational Material on Indian Accounting Standards 20

Educational Material on Indian Accounting Standards 20, Accounting for Government Grants and Disclosure of Government Assistance Ind AS 20 is to be applied in accounting for, and in the disclosure of, government grants and in the disclosure of other forms of government assistance. This Educational Material on Ind AS 20, Accounting for Gov...

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Posted Under: CA, CS, CMA |

Tender for Appointment of GST Auditor with BHEL

Invitation Of Applications For Appointment Of GST Auditor For Financial Year 2018-19 by Bharat Heavy Electricals Limited (BHEL)...

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Posted Under: CA, CS, CMA |

DGGI busts firm for making bogus ITC invoices of more than Rs 268 crores

DGGI busts firm for making bogus Input Tax Credit invoices of more than Rs 268 crores The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Nitin Jain, resident of Sonepat, Haryana, proprietor of M/s Shiv Trade Incorporation, Delhi, for issuing bogus invoices. During investigation it was...

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Vacancies for Chartered Accountants with South Indian Bank

The South Indian Bank Ltd., a Premier Commercial Bank in India, invites applications from Indian Nationals for the post of Probationary Manager (CA) in Scale II cadre....

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Constitution (Amendment) Bill 2020- Small family definition to be of two children

The Constitution (Amendment) Bill, 2020 (insertion of new article 47A) was introduced by Shri Anil Desai as Private Members’ Bill in Rajya Sabha on  7th February 2020. It says that The State shall promote small family norms by offering incentives in taxes, employment, education etc. to its people who keep their family limited to two [&...

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Govt collects 1898 crore in nine Months as GST Late fees

An RTI revealed that Government is earning more than 200 Crore in Average from GST Late fees. It revealed that for the Nine month period of April to December 2019 it collected late fees of Rs. 1898 Crore.  Late fees collection is going on despite issues with GST Server and its Limited capacity....

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Representation against Technical Glitches faced at GST Portal

Tax Bar Association Jodhpur (Rajasthan) has made a Representation against Technical Glitches faced at GST Portal and Request for Extension of Due Date for GSTR 1 and GSTR 9/ GSTR 9C for Financial Year 2017-18. Tax Bar Association Jodhpur (Rajasthan) Date: 11/02/2020 To, The Commissioner, CGST, Central Goods And Services Tax, Jodhpur Hon&#...

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NIFM to be renamed as Arun Jaitley National Institute of Financial Management

National Institute of Financial Management, Faridabad, to be renamed as Arun Jaitley National Institute of Financial Management The Government of India has decided to rename National Institute of Financial Management (NIFM), Faridabad as Arun Jaitley National Institute of Financial Management (AJNIFM). NIFM, Faridabad, was set up in 1993 ...

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Exposure Draft Guidance Note on Audit of Banks (2020 Edition)

The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Audit of Banks 2016 edition. For the benefit of members, complete text of the Guidance Note and the contents of accompanying CD can be downloaded at:...

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Regulation of irregularities in GST claims

Regulation of irregularities in GST claims To identify cases of fraudulent claims under Goods & Services Tax (GST), the Government of India has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for furthe...

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