CAclubindia News

Clarification with respect to the Eway Bill System

02 April 2018 at 11:47

The e-way Bill System for Inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows:1. Situation: Consider a situation where a consignor is require

Posted in GST | 5 comments | 11691 Views

Expert panel formed for addressing Bank audit queries

02 April 2018 at 11:47

AUDITING AND ASSURANCE STANDARDS BOARDCONSTITUTES EXPERT PANEL FOR ADDRESSING BANK BRANCH AUDITRELATED QUERIES FOR THE FINANCIAL YEAR 2017-18Dear Members,The bank audit season is around the corner. Given the fact that the banking industry is typical

Posted in Audit | 1 comments | 3432 Views

1.7 lac Eway bill generated on 1st day of roll-out

02 April 2018 at 11:47

Smooth Roll-out of E-way Bill System from today, 1st April, 2018As per decision of the GST Council, e-Way Bill system became mandatory from today i.e. 01st April, 2018 for all inter-State movement of goods. The implementation of the nationwide e-Way

Posted in GST | 2595 Views

Issuance of New Revenue Standard Ind AS 115

31 March 2018 at 12:22

An important development in Ind AS Framework i.e. a new Ind AS in the area Revenue recognition has been notified by Ministry of Corporate Affairs which was formulated based on recommendation made by The Institute of Chartered Accountants of India.The

Posted in Accounts | 1 comments | 6204 Views

IBBI conducts online valuation exam for valuers

31 March 2018 at 12:21

Insolvency and Bankruptcy Board of India commences conduct of online valuation examinations for registration of ValuersInsolvency and Bankruptcy Board of India (IBBI) is commencing on tomorrow, 31st March, 2018, the conduct of online Valuation examin

Posted in Corporate Law | 7419 Views

Revised standard on Joint Audit of Financial statements

30 March 2018 at 12:20

IntroductionScope of this SA1. The practice of appointing more than one auditor to conduct the audit of large entities has been in vogue for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulat

Posted in Audit | 4188 Views

IBBI notifies amendment to Insovency and bankruptcy board

29 March 2018 at 12:12

IBBI Notifies Amendments to The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016The Insolvency and Bankruptcy Board of India (IBBI) has evolved a transparent and consultative process for making regulations. It has

Posted in Corporate Law | 2679 Views

KYC Requirement for Customers Using Mobile Wallets

29 March 2018 at 12:12

As per Reserve Bank of India (RBI)’s related Master Direction dated October 11, 2017 as updated on December 29, 2017, since Prepaid Payment Instruments (PPI) Issuers are operating a payment system, provisions of Prevention of Money Laundering A

Posted in Others | 1 comments | 3708 Views

CBEC simplifies Anti-Profiteering Application Form

29 March 2018 at 12:12

CBEC simplifies Anti-Profiteering Application Form (APAF – 1)The same can be downloaded from the attachment as mentioned below.

Posted in GST | 3024 Views

Amount paid to states under GST

29 March 2018 at 12:12

Balance claim of States under GST The Government is providing claims to the States under GST. As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and compensation for loss of

Posted in GST | 3756 Views