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ICAI President’s Message – February 2019

January 31, 2019 1530 Views 0 comment Print

Adoption of ICAI Software on Allotment of Statutory Bank-Branch Audit by Banks As you know, we have over the years expressed our concern on the appointment of auditors of public sector banks by Banks’ Board themselves and on the autonomy given to them.

CBIC issues 13 GST notification on 29.01.2019 wef 01.02.2019

January 30, 2019 117609 Views 7 comments Print

CBIC issues 13 Notifications on 29th January 2018 which includes the following- 1. notifications to specify that Reverse Charge Mechanism on Procurement from Unregistered Dealers which was deferred till 30.09.2019 to be completely withdrawn with effect from 1st February 2019 2. It further notified applicability of CGST (Amendment) Act,2018, IGST (Amendment) Act, 2018, UTGST (Amendment) […]

Rotation of Auditors not required if Rotation principal ceases to apply

January 30, 2019 57372 Views 1 comment Print

Regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years. This is regarding the applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where […]

Do not enter into any Benami Transactions, It’s illegal & punishable

January 30, 2019 1578 Views 0 comment Print

DO NOT ENTER INTO BENAMI TRANSLATIONS. IT’S ILLEGAL AND PUNISHABLE Benami Transaction is an arrangement in which a property (movable or immovable) is transferred to or held in the name of one person (Benamidar), but is actually owned and enjoyed by another person (beneficial owner). For exceptions – refer to The Prohibition of Benami Property […]

चार्टर्ड एकाउंटेंट के सर्टिफिकेट के लिए यूडीआइएन नंबर अनिवार्य

January 30, 2019 6480 Views 0 comment Print

चार्टर्ड एकाउंटेंट के सर्टिफिकेट के लिए यूडीआइएन नंबर अनिवार्य-१ फरवरी २०१९ से पूरे देश मे लागू बाजार मे कई लोग ऐसे हैं जो चार्टर्ड अकाउंटेंट (CA) ना होते हुए भी अपने आपको सीए बताकर सर्टिफिकेट जारी करके फर्जी वित्तीय लाभ प्राप्त कर लेते हैं, अतः इस तरह के धोकाधड़ी से बचने के लिए चार्टर्ड एकाउंटेंट […]

Challenge to constitutional validity of GST provision before Rajasthan High Court, Notices issued

January 29, 2019 11721 Views 4 comments Print

A writ petition has been listed before the Division Bench of the Principal Seat of the Hon’ble Rajasthan High Court at Jodhpur on Tuesday, 29.1.2019. The petition preferred by one Lakhani Metal and Castings Pvt. Ltd of Bikaner challenging the Constitutional validity of the unguided, unfettered and discretionary power of the Central and State Government […]

Paper on Amendment of SEBI InvIT / REIT Regulations, 2014

January 29, 2019 2160 Views 0 comment Print

Consultation Paper on Amendment of SEBI (Infrastructure Investment Trusts) Regulation, 2014 and SEBI (Real Estate Investment Trusts) Regulation, 2014

ICAI Convocation 2019 (IInd Round) on 1st February, 2019

January 29, 2019 3192 Views 0 comment Print

As per Revised Schedule now ICAI Convocation 2019 will be held on 1st February, 2019 (Friday) at Mumbai, Ahmadabad, Pune, Chennai, Hyderabad, Kolkata, Jaipur & Kanpur simultaneously and at Delhi on 9th February, 2019 during 10:00 AM – 7:00 PM. Around 8360 newly enrolled members who have been granted membership during June 2018 to November […]

ICAI Revises Procedure for providing certified copies of evaluated answer-books

January 26, 2019 12102 Views 0 comment Print

An examinee may apply seeking inspection/certified copies of answer books, within 30 days from the date of declaration of respective result(s), with the applicable fee, online at http://icaiexam.icai.org and pay the applicable fee online. There is no provision for submission of such requests with late fee. Physical applications for Final/Intermediate and Foundation will not be entertained.

Make compliance simpler for honest tax payers: Piyush Goyal

January 25, 2019 924 Views 0 comment Print

Shri Piyush Goyal stresses on the simplification, transparency and use of latest technology in further smoothening the tax filing process for the stakeholders; Calls for making the compliance simpler for the honest tax payers and make best use of the money so collected through taxes for the benefit and welfare of the public at large

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