ICAI GUIDANCE NOTE ON DIVISION I-NON IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised July 2019 Edition) The Division I to the Schedule III of the Companies Act, 2013 lays down the format for preparation of the financial statements by the Companies that are required to comply with Companies (Accounting Standards), Rules, 2006, […]
Summary of Various GST Returns & Due dates in July 2019 10 JULY 2019 – GSTR 8 TDS & TCS Return under GST 11 JULY 2019- GSTR-1 for June’19 (Monthly Return) Fot Taxpayer having turnover of more than Rs 1.50 Cr or or opted to file monthly Return 13 JULY 2019- GSTR-6 Every Input […]
Economic Survey says its theme is about enabling a shifting of gears, “to achieve the objective of becoming USD 5 trillion economy by 2024-25, as laid down by the Prime Minister. It says, for this India needs to sustain a real GDP growth rate of 8%
Economic Survey 2018-19: General Government (Centre plus States) has been on the path of fiscal consolidation. Economy expected to grow at 6.8 per cent in 2018-19. Fiscal Deficit of 3% of GDP by FY2020-21 & Central Government debt to 40% of GDP by 2024-25 Targeted. Improving Quality of Expenditure is key Priority; Broadening and Deepening the Direct Tax base and Stabilization of Goods and Services Tax are the Other Priorities. Total Transfers to States rose by 1.2 %age points of GDP from 2014-15 to 2018-19 RE.
Taking note of the recent successes in recovery of loans since the Insolvency and Bankruptcy Code, 2016 came into effect, the Survey proposes further strengthening of the National Company Law Tribunals (NCLT) and the appellate tribunal.
The Survey points-out that major hurdle to economic growth and social well-being can be stabilized through a relatively small investment in the legal system.
In this Exposure Draft, the International Accounting Standards Board (Board) proposes targeted amendments to IFRS 17 Insurance Contracts, issued in May 2017 to respond to concerns and challenges raised by stakeholders as IFRS 17 is being implemented.
The Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur calls upon all the Officers of CBIC to make GST in India the best GST available in the world; GST Day Celebrations organized by the Central Board of Indirect Taxes & Customs (CBIC) on the 2nd Anniversary of GST in New Delhi […]
ICSI being the parent organization of Governance professionals in India believes in having strong credentials in corporate governance. Improving the level of transparency and accountability shall go a long way in strengthening the Corporate governance framework of the nation
The 70th Chartered Accountants Day of ICAI was celebrated today i.e. on July 1st all across the country with great enthusiasm and zeal. July 1st is a landmark day in the history of ICAI as on this day ICAI was set up to regulate the Profession of Chartered Accountancy in India in the year 1949. This CA Day was more special as the Institute has reached a significant milestone i.e. Platinum Jubilee of its glorious existence.
