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IBBI amends IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

July 4, 2018 1323 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 today.

RBI Cautions about Fictitious Emails

July 4, 2018 648 Views 0 comment Print

Reserve Bank of India has been periodically reiterating about the activities of unscrupulous elements using the name of RBI and defrauding the common public. These elements use fake letter heads of RBI, send emails impersonating as employees of RBI and lure people with fictitious offers / lottery winnings / remittance of cheap funds in foreign currency from abroad.

Educational Material on Ind AS 27, Separate Financial Statements and Ind AS 28, Investments in Associates and Joint Ventures

July 3, 2018 17385 Views 2 comments Print

This publication will provide guidance to the stakeholders in how an entity accounts for the investments in its subsidiaries, associates and joint ventures. Ind AS 27 prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial statements and Ind AS 28 set out how to […]

In last 70 years role of CA shifted from backroom to boardroom: ICAI President

July 3, 2018 2601 Views 0 comment Print

Our history bears the testimony that we have resolutely upheld the societal trust and importance. As such, today’s CA is no longer being seen as just a statistician but a versatile strategist and value-creator who is ‘must-have’ resource of modern day business. The Indian CA has metamorphosed from traditional accounts keeper to a trusted business adviser. In the last 70 years, the role of CA has shifted from backroom to boardroom.

Get Aadhaar for your Toddler Sooner the Better

July 2, 2018 912 Views 0 comment Print

GET AADHAAR FOR YOUR TODDLE. SOONER THE BETTER. To locate your nearest Enrolment Centre, call: 1947 or log on to: https://resident.uadai.net.in/ Even a newborn can be enrolled for Aadhaar. Get your child enrolled today. ♦ Aadhaar makes it easy to access many government benefits, such as vaccinations, health benefits, school admission and scholarships ♦ For […]

GST Made India a more Tax-Compliant Society: President of India

July 1, 2018 864 Views 0 comment Print

President of India Inaugurates The Platinum Jubilee Celebrations of The Institute of Chartered Accountants of India; Says GST has Made India a more Tax-Compliant Society The President of India, Shri Ram Nath Kovind, inaugurated the platinum jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) in New Delhi today (July 1, 2018). Speaking […]

Monthly average GST collection in last financial year was Rs. 89,885 crore

July 1, 2018 816 Views 0 comment Print

Rs 95,610 crore of total gross revenue collected in June 2018 as compared to last month’s revenue of Rs. 94,016 crore Monthly average of GST collection in the last financial year was Rs. 89,885 crore GST revenue collection for June 2018 The total gross revenue collected in the month of June 2018 is Rs 95,610 […]

Government celebrates 1st GST Day

July 1, 2018 1050 Views 0 comment Print

Government celebrates 1st GST Day; Finance Minister and Industry Stalwarts commemorate the first year of the unprecedented reform of Indian taxation Indirect Tax collections increase by 11.9%; 1.5% increase expected in the Non oil category, post GST roll out: Shri Arun Jaitley Government of India celebrated the 1st GST Day here today. The event saw […]

GST Day – What is there to celebrate?

July 1, 2018 1341 Views 0 comment Print

It is learnt that preparations are underway to celebrate GST day on 01.07.2018. I wish to bring to your attention, the alienation felt by the cadre of Superintendents of Central Excise to any such celebrations.

Empanelment of Forensic Auditors with Indian Overseas Bank

July 1, 2018 2337 Views 0 comment Print

The Chartered Accountant firms doing the concurrent audit of branches may apply for empanelment as forensic auditors. All other terms and conditions will remain unaltered. The last date for submission of application is extended upto 10.07.2018.

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