CAclubindia News

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 | 2604 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 | 6219 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 | 7431 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 | 4200 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 | 2691 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 Community & General | 1 comments | 3714 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 | 3039 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 | 3765 Views

ICAI President message on NFRA, PNB and other matters

29 March 2018 at 10:21

My dear Professional Colleagues,It is important to empathise that carte blanche of ubiquitous nature which has been discernible for the chartered accountancy profession has been due to path of rectitude that the Chartered Accountancy profession has a

Posted in Professional Resource | 2544 Views

ICAI group for examining SC judgement on MNC accounting firms

28 March 2018 at 10:41

No.M-626/08/MAF&PWC/2018 ALL MEMBERS OF THE COUNCILMadam/Dear Sir,Sub.: Constitution of a Group to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in the matter of operation of Multinational A

Posted in Accounts | 1 comments | 4506 Views