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Articles by CMA Navneet Kr Jain

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IT Department sends partly faulty communication specifying High Value Information

  CMA Navneet Kr Jain    30 March 2021 at 15:05

The income Tax department sends communications specifying High Value Information and seeks further information however communications seem to be partially faulty.

Posted in Income Tax  21 comments |   28682 Views


GST Dept Issues Notices to the Debtors to make good for the default in deposit of GST Dues

  CMA Navneet Kr Jain    22 March 2021 at 09:38

The government seems to be in no mood to let the defaulters/fraudsters escape and is using all provisions to ensure that GST revenue collections keep an upward momentum.

Posted in GST  2 comments |   2542 Views


Union Budget 2021 | GST Audit by CA/CMA Discontinued but More Onus Put On assessees

  CMA Navneet Kr Jain    02 February 2021 at 08:57

The budget presented on 1st Feb 2021 has brought some good news for the assesses but adverse news for professionals like CMAs and CAs on the GST front, with regard to the discontinuance of GST Audit.

Posted in Union Budget  3 comments |   18033 Views


Disclosure of COVID related impact through statutory documents during finalisation of accounts

  CMA Navneet Kr Jain    23 May 2020 at 10:11

Disclosures of COVID-19 related impacts on business through various statutory documents during finalization of accounts

Posted in Accounts  1 comments |   3574 Views


Identification of COVID Related Abnormal Expenses/ Losses & Inventory Valuations

  CMA Navneet Kr Jain    02 May 2020 at 10:07

Identification of COVID Related Abnormal Expenses/ Losses & Inventory Valuations

Posted in Others |   4746 Views


GST annual figures for 2018-19 to be reported in Cost Records/ Cost Audit Annexures/ Reports

  CMA Navneet Kr Jain    03 July 2019 at 11:26

Mapping of figures being reported in the GST documents with the other statutory documents has caught the eyes of the taxation authorities. Newspapers are floode..

Posted in GST |   2564 Views


Amendments to Director's Report and issue of Guidance Note by ICAI

  CMA Navneet Kr Jain    13 April 2019 at 13:06

RESPONSIBILITY OF DIRECTORS: AS REGARDS MAINTENANCE OF COST RECORDSASSURANCE CERTIFICATE FOR MAINTENANCE OF COST RECORDSMaintenance of Cost Records and data gen..

Posted in Corporate Law |   10749 Views


New Dimensions to GST Annual Report & GST Audit

  CMA Navneet Kr Jain    11 December 2018 at 11:10

The article is an attempt to explore the untouched areas in the GST Audit arena. The companies have started the GST audit processes and are focussing on GSTR 9 ..

Posted in GST  1 comments |   15215 Views


Amendments in Companies Cost Records and Audit Rules

  CMA Navneet Kr Jain    05 December 2018 at 10:51

The much awaited demand of the stake holders with regard to the fine-tuning of Companies Cost Records and Audit Rules has been met with though not fully by the ..

Posted in Corporate Law |   6271 Views


GST data and Cost Records Annexures to be maintained

  CMA Navneet Kr Jain    26 December 2017 at 11:32

Alignment of Cost Records with GST initiated

Posted in GST  2 comments |   5320 Views