GST is levied on goods and services on supplies for a consideration in the course of business wherein in definition of business includes that any activity or transactions undertaken by the Central/State Government. However, certain exemption has been provided in regard to supplies made to Government and supplies made by Government. Except a few, most […]
As per circular no. 25/2012 dated August 9, 2012 issued by the Ministry of Corporate Affairs (MCA), paragraph 6 of Accounting Standard (AS) 11 and paragraph 4(e) of AS 16 shall not apply to a company that opts to apply paragraph 46A of AS 11.
Late fee is levied u/s 47 of the CGST Act, 2017 on any registered person who fails to furnish returns by the due date at the rate of Rs.100 every day during which such failure continues subject to maximum amount of Rs.5000/-.
ICAI is gearing up to cross another milestone in its long historical journey towards technological advancement by adopting the e-hearings in its Disciplinary processes which is instrumental in bringing out cost-effective disciplinary mechanism.
A. Merit List – All India – November 2018 Intermediate (IPC) Examinations Merit List – All India – November 2018 Intermediate (IPC) Examinations S.No. Roll No Registration No Name Total Marks All India Rank Address/ City 1 637710 NR00461563 Arjun Minocha 519 1 Delhi / New Delhi 2 622187 NR00456857 Divya Gupta 500 2 Chandigarh […]
New Return Filing System of GSTN GSTN will focus, amongst others, on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives/improvements made for better User Experience are: Questionnaire for filing GSTR-3B to […]
The results of Chartered Accountants Intermediate (IPC) & Intermediate (New) Examination were declared today by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants Intermediate (IPC) Examination held in November, 2018 I. Details of top three rank holders on All India Basis for Chartered Accountants Intermediate (IPC) Examination held in November, 2018 are mentioned […]
Union Cabinet chaired by PM Narendra Modi has approved the proposal for Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman.
The Government of India has continuously engaged with all stakeholders to address relevant issues related to the Indian Startup eco-system. The Department for Promotion of Industry and Internal Trade (DPIIT) issued notification in April 2018 for easing the norms for providing tax exemption to the Startup companies and further amended the notification on 4th February 2019. […]
Union Cabinet has given its approval to move official amendments to Banning of Unregulated Deposit Schemes Bill, 2018, pursuant to recommendations of Standing Committee on Finance (SCF).
