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CCI decides two Penalty cases relating to tenders of Pune Municipality

June 1, 2018 570 Views 0 comment Print

CCI passed final order in two cases involving bid rigging/ collusion in three tenders floated by Pune Municipal Corporation for Design, Supply, Installation, Commissioning, Operation and Maintenance of Municipal Organic and Inorganic Solid Waste Processing Plant(s)

ICAI President’s Message – June 2018

June 1, 2018 1302 Views 0 comment Print

Within ICAI too, governance matters are always our top priority, and technology is the best way to manage, resolve and dealing with the issues of a large group like our membership and students. To effectively manage the education & training and other professional requirements of our huge membership and other stakeholders, ICAI has about 70 Committees, Groups and Departments that work thereat.

Govt. notifies date for e-way bill applicability in 8 States for intra-State movement of goods

May 31, 2018 2802 Views 0 comment Print

Roll out of e-Way Bill system for intra-State movement of goods in Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha, Punjab, Tamil Nadu and West Bengal.

FORM GSTR-6 due date extended till 31.07.2018

May 31, 2018 21789 Views 0 comment Print

The last date for filing of return in FORM GSTR-6 by Input Service Distributors for the months from July, 2017 to June, 2018 is being extended till 31.07.2018. Relevant Notification is as follows:- Seeks to extend the due date for filing of FORM GSTR-6 for the months from July, 2017 till June, 2018. Government of […]

Allow cost accountants to issue certificates related to GST Refund: ICAI CMA

May 31, 2018 9315 Views 3 comments Print

Inclusion of Cost Accountants for undertakings/submission of Certificates to the exporters to overcome the problem of refund blockage and post audit scrutiny

Internship Programme at Serious Fraud Investigation Office (SFIO)

May 31, 2018 5397 Views 9 comments Print

As you are aware, you to our organisation Serious Fraud Investigation Office (SF10) is a multi-disciplinary organization under the Ministry of Corporate Affairs, Government of India, manned by experts in the fields of accountancy, forensic audit, general law, information technology, investigation, company law, capital market, Income Tax and Customs & Central Excise etc.

CA Firm Empanelment with Punjab & Sind Bank for Concurrent Audit

May 31, 2018 49421 Views 2 comments Print

Online Empanelment for Concurrent Audit of Branches of Punjab & Sind Bankfor concurrent Audit is been started on 16.05.2016 and last date for online application is 31.03.2016. Existing CA firms have to apply afresh for empanelment. Link to Apply Online is given at the end of the Article.

ICAI gives representation to CBDT for not allowing CAs to do DCF certification

May 31, 2018 14649 Views 2 comments Print

Notification No 23/2018, dated 20 May, 2018 amending Rule 11UA omitting reference to term accountant, thereby making Chartered Accountants ineligible to determine the FMV of unquoted equity shares as per the Discounted Free Cash Flow Method

Removal of validation for CGST equal to SGST, in table 4B(2) in Form GSTR-3B

May 30, 2018 7485 Views 0 comment Print

The auto population of data in CGST/SGST amount has now been removed in table 4(B) (2) – Others of Form GSTR-3B. Instead of system computation of equal amount based on entry of one field, both fields are now made enterable at user’s end. User can now data in both fields, rather than computation by the system.

ICAI issues Accounting Standard for Local Bodies

May 30, 2018 4158 Views 0 comment Print

Press Release ICAI issues Accounting Standard for Local Bodies The Committee on Accounting Standards for Local Bodies (CASLB) is formulating Accounting Standards for Local Bodies (ASLBs) since March, 2005 to improve financial reporting for local bodies. So far, the Committee has issued thirteen ASLBs including one cash based ASLB that will facilitate transitioning from cash […]

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