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State wise breakup of Eway bills generated

   03 April 2018 at 11:54

Smooth roll out of e-Way Bill system from 01st April, 2018As per decision of the GST Council, e-Way Bill system became mandatory from 01st April, 2018 for all inter-State movement of goods. The implementation of the nationwide e-Way Bill mechanism

Posted in GST  2 comments |   14013 Views


99.94 lac new tax filers in 2017-18

   03 April 2018 at 11:54

Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which is 17.1% higher than the net collec

Posted in Income Tax  2 comments |   7449 Views


Final Monthly collection figures of GST

   03 April 2018 at 11:54

Final Monthly collection figures of GSTThe revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 – February 2018 paid in the period July 2017 – March 2018 is as follows:(Figures in Rs. Crores)

Posted in GST  2 comments |   3972 Views


17,616 crore of Refunds issued under GST

   03 April 2018 at 11:54

Total Rs 17,616 crore of Refunds issued under GST; 90% of IGST eligible claims have been approved.In line with commitment of government to liquidate all pending GST refunds, the Central Board of Indirect Taxes and Customs (CBIC) has successfully conc

Posted in GST |   2847 Views


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 |   11697 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 |   3435 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 |   2598 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 |   6213 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 |   7422 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 |   4194 Views



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