CBDT releases Citizen charter for review

24 November 2017 at 11:14

PROCEDURE FOR GRIEVANCES REDRESSAL(CLAUSE 7.3)A. For Buildings Where ASK is not functionalGrievance redressal mechanism : The grievances of assessees can arise due to a number of reasons - delay in transfer of files, harassment during a search, a sur

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Posted in Income Tax 1 comments |   123 hits


No proposal to withdraw Bank Chequebook facility clarifies Govt

24 November 2017 at 11:14

In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal un

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Posted in Others |    0 comments |   69 hits


Ordinance to amend the Insolvency and Bankruptcy Code promulgated

24 November 2017 at 11:14

Ordinance to amend the Insolvency and Bankruptcy Code, 2016 promulgated; Ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code. The Government of India promulg

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Posted in Corporate Law |    0 comments |   37 hits


Task Force constituted for drafting New Direct Tax legislation

23 November 2017 at 17:18

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesConstitution of Task Force for drafting a New Direct Tax Legislation During Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, Hon’ble Prime Minister

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Posted in Income Tax |    0 comments |   165 hits


Continuation of the scheme on Indian Institute of Corporate Affairs

23 November 2017 at 17:18

Cabinet approves continuation of the scheme on Indian Institute of Corporate Affairs beyond the 12th Plan Period The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for continuation of the scheme on Indian Instit

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Posted in Others 1 comments |   56 hits


Cabinet approves setting up of the 15th Finance Commission

23 November 2017 at 17:18

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the setting up of the 15thFinance Commission. Under Article 280 (1) of the Constitution,it is a Constitutional obligation. The Terms of Reference for the 15thFinance Commissio

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Posted in Others |    0 comments |   76 hits


Functionality for refund of ITC on export of goods and services

22 November 2017 at 11:00

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Posted in GST |    0 comments |   536 hits


Late fee calculation on GST portal

22 November 2017 at 11:00

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Posted in GST |    0 comments |   1402 hits


Aadhaar data was never breached says UIDAI

21 November 2017 at 10:25

The Unique Identification Authority of India (UIDAI) responding to a news report, appeared in certain section of media on “210 Government sites made Aadhaar info public” as if Aadhaar data is leaked or breached, has said that such report

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Posted in Income Tax |    0 comments |   228 hits


Pass GST benefits to consumers appeals Govt

21 November 2017 at 10:25

The Central Government appeals to the Industry Leaders to pass on the benefit of GST Rate reduction to the consumers as it is expected to encourage domestic demand and investment among others. The GST Council in its 23rd Meeting held on 10th November

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Posted in GST 1 comments |   378 hits


CPE hours requirement for block of 3 years from 1.01.2017

20 November 2017 at 12:22

A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:a. Complete at least 120 CPE credit hours in a rolling period of three-years.b. Complete minimum 2

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Posted in Professional Resource |    0 comments |   612 hits


Code of ethics for Chartered Accountants by CVC

20 November 2017 at 12:22

1CODE OF ETHICS FOR CHARTERED ACCOUNTANTSINTRODUCTIONFinancial statements of an enterprise depict the wholesome financialsituation of the enterprise for a particular period / at a particular date. Theinformation in these statements are of vital impor

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Posted in Professional Resource |    0 comments |   344 hits


Display revised MRP due to reduction of rates of GST

20 November 2017 at 12:22

Shri Ram Vilas Paswan grants permission to display revised MRP due to reduction of rates of GST up to 31st December, 2017 On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged

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Posted in GST |    0 comments |   413 hits


IT Dept clarifies role of CAs in nation building

17 November 2017 at 18:41

PRESS RELEASEINCOME TAX DEPARTMENT, NASHIK It has come to the notice of the Income Tax Department that certain sections of the print media who covered the 'outreach programme' of the Income Tax Department conducted on 15/11/2017 has wrongly

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Posted in Others |    0 comments |   1374 hits


Moody upgrades Sovereign Credit Rating of India to Baa2 from Baa3

17 November 2017 at 16:10

Moody's Investors Service ("Moody's") has upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has bee

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Posted in Others |    0 comments |   255 hits


FAQs on Ethical Issues relating to GST by ICAI

17 November 2017 at 11:16

Q1. Whether a member in practice can engage as GST practitioner?A. Yes, a member in practice can engage as GST practitioner , as theactivities to be performed by GST practitioner mentioned in CGSTAct, 2017 read with CGST Rules, 2017 are within the pu

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Posted in GST |    0 comments |   668 hits


Cabinet approves the establishment of the National Anti profiteering Authority under GST

17 November 2017 at 11:16

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST, following up immediately on yesterday

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Posted in GST |    0 comments |   281 hits


GST Rate Changes Come into effect on 178 items

16 November 2017 at 12:07

GST Rate Changes Come into effect on 178 items where rate has been brought down from 28% to 18%; Consumers may take note of reduction in Price/MRP on these Goods In the 23rd meeting held on the 10th November, 2017, the GST Council had recommended maj

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Posted in GST 5 comments |   1295 hits


Locate GST Practitioners on GST portal

16 November 2017 at 12:07

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Posted in GST 3 comments |   871 hits


Report on Audit Quality Review

16 November 2017 at 12:07

AnnouncementReport on Audit Quality Review (2016-17) of the Quality Review Board1. Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the -B

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Posted in Audit |    0 comments |   190 hits







Updated on : 25/11/2017 03:29:00


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