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
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
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)
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
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
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
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
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
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
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
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English