GST will help evolving India become a very strong society says FM

29 May 2017 at 16:54

The Union Finance Minister, Shri Arun Jaitley: Goods and Services Tax (GST) is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society FM inaugurates the National Academy of Customs, Indir

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Posted in GST |    0 comments |   2 hits


International Opportunities for Company Secretaries

29 May 2017 at 11:45

Dear Professional Colleagues,A number of our members have from time to time been expressing interest for professional avenues in different countries. Many among these are those who would like to shift their base to some other country at least tempora

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Posted in Professional Resource |    0 comments |   167 hits


Applicability of insolvency and bankruptcy code in Corporate law exam

27 May 2017 at 16:55

Important Announcement for Final Course studentsSub: Applicability of Insolvency and Bankruptcy Code, 2016 in the Paper 4: Corporate and Allied Laws for November 2017, Examinations The Council has approved the inclusion of -Overview of the Insolvency

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Posted in Exams |    0 comments |   229 hits


Implementation of new CA course from 1st July 2017

27 May 2017 at 16:55

Important Announcement Sub: Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017.All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1s

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Posted in Students 19 comments |   4960 hits


Increased availability of credit in GST to reduce cost of Telcos

27 May 2017 at 11:48

After GST regime, telecom companies would be required to re-work their costing and credits availability and re-jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs. Telecommunicat

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Posted in GST |    0 comments |   198 hits


CBDT issues clarification on furnishing SFT and SFT Preliminary Response

26 May 2017 at 17:22

Central Board of Direct Taxes (CBDT) Issues Clarification on furnishing Statement of Financial Transaction (SFT) & SFT Preliminary Response Section 285BA of the Income-tax Act, 1961 requires furnishing of a Statement of Financial Transaction (SFT

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Posted in Income Tax 9 comments |   5851 hits


Amendment in revised Guidance Note on Audit of Consolidated Financial Statements

26 May 2017 at 12:36

I. The Council of ICAI at its 365th meeting held on May 17-19, 2017 considered a matter regarding amendment to paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements issued in October 2016. At the meeting, the Council not

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Posted in Audit |    0 comments |   431 hits


Proposed GST tax rates on Sugar,Tea and Coffee reduced to 5%

25 May 2017 at 18:25

Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder; Present incidence of taxes on sugar is 8% while proposed GST rate on Sugar is only 5% i.e. 3% less; Similar

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Posted in GST 2 comments |   515 hits


Persons liable to file Statement of Financial Transaction (SFT)

25 May 2017 at 12:16

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Posted in Income Tax 11 comments |   8321 hits


Addendum to the GST rate schedule for goods

25 May 2017 at 11:06

ADDENDUM TO THE GST RATE SCHEDULE FOR GOODS[As per discussions in the GST Council Meeting held on 18th May, 2017]I. The following amendments / additions are required to be made to the aforesaid document:1. In S.No.22,-(i) In the Nil rate column, the

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Posted in GST |    0 comments |   605 hits


IT dept steps up actions against Benami Property holders

25 May 2017 at 11:06

Income Tax Department Steps-up actions under Benami Transactions (Prohibition) Amendment Act, 2016 The Income-tax Department (ITD) has initiated actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 (the Act) w.e.f. 1st November

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Posted in Income Tax |    0 comments |   262 hits


Cabinet approves phasing out Foreign Investment Promotion Board

25 May 2017 at 11:06

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of Foreign Investment Promotion Board (FIPB). The proposal entails abolishing the FIPB and allowing administrative Ministries/Departments to

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Posted in Others |    0 comments |   65 hits


Lower tax incidence on entertainment under GST

24 May 2017 at 09:44

Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full Input Tax Credits (ITC) of GST paid in respect of inputs and input servicesTaxes on entertainments and amusements (covered b

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Posted in GST 1 comments |   350 hits


GST will lead to lower tax burden says Govt

23 May 2017 at 11:13

Goods and Services Tax (GST) will lead to lower tax burden in several commodities including packaged cement, Medicaments, Smart phones, and medical devices, including surgical instruments The roll out of Goods and Services (GST) Tax will bring benefi

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Posted in GST 1 comments |   381 hits


GST rate chart on Services and exempted items

20 May 2017 at 14:44

GST rate chart on Services and exempted items Download GST rate chart on Services and exempted items

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Posted in GST 6 comments |   12767 hits


GST rate schedule for goods as decided on 18th May

19 May 2017 at 11:38

GST RATE SCHEDULE FOR GOODS[As per discussions in the GST Council Meeting held on 18thMay, 2017]The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly appr

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Posted in GST |    0 comments |   2263 hits


GST rules as approved by GST Council on 18th May, 2017

19 May 2017 at 11:38

Composition Rules Valuation Rules Transition Rules ITC Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules

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Posted in GST |    0 comments |   2984 hits


Composition Forms Under Goods And Services Tax Rules, 2017

19 May 2017 at 11:38

Composition Forms Under Goods And Services Tax Rules, 2017 PFA the file to know in details

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Posted in GST 1 comments |   842 hits


Advertising by members in practice engaged in Coaching activities

19 May 2017 at 11:37

ANNOUNCEMENTRe: Advertising by members in practice engaged in Coaching/Teaching activitiesRegulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage in any business or occupation o

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Posted in Students |    0 comments |   440 hits


Second Edition of Limited Insolvency Exams to start from 1st July

18 May 2017 at 11:17

Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the -Limited Insolvency Examination-

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Posted in Students |    0 comments |   260 hits






Updated on : 29/05/2017 16:58:00


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