The International Accounting and Auditing Standards Board (IAASB) and The Institute of Chartered Accountants of India (ICAI) have issued guidance ongoing concern assessment amid COVID-19 for companies and considerations for an auditor while evaluating the management's assessment.
The IRP will generate a QR code containing the unique IRN (hash) along with some important parameters of invoice and digital signature so that it can be verified by an Offline App
Form PAS-6 is a half-yearly audit report on reconciliation of share capital which is to be certified by a Company Secretary in practice or a Chartered Accountant in practice.
The GSTIN Verification tool shows the data from the GST portal to check whether the GST number you searched is a genuine registered number or not. The process to verify is very simple
FAQs on BOS (Academic) and Students Skills Enrichment Board (SSEB) by ICAI
An individual who has taken a loan for the purchase of an Electrical Vehicle from any Financial Institution is eligible to get the benefit of deduction of interest payable on loan under section 80EEB
Section 15 tells us about the value of taxable supply of good or services, whereas section 15(3) cover the discount part under value of supply.
MCA vide General Circular no. 28/ 2020 dated 17th August 2020 has issued Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013.
One thing that I have observed since lockdown is that we have all been thrown into the same sea but definitely we are all not on the same boat. Each one of us is having their own set of problems and our very own way of dealing too.
Recently CBIC issued Notification No 60/2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020.
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