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Steps taken for rationalisation of GST policy measures
19 March 2018 at 10:40Goods and Services Tax Rate and Policy Based on the various representations received from the trade and industry, the GST Council has recommended a number of measures pertaining to change in Goods and Services tax rate and policy including the GST ra
Rs 3579 crore tax collected but not deposited by service providers
19 March 2018 at 10:40The Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the customers but are not deposited in the Government’s account. Based on specific intelligence collected, detailed investiga
Initiatives taken by the Institute of Insolvency Professional of ICAI
17 March 2018 at 12:38The Indian Institute of Insolvency Professionals of ICAI (IIIPI) is a Section 8 company established by the Institute of Chartered Accountants of India (ICAI). As an Insolvency Professional Agency (IPA) it is required to enroll, monitor and facilitate
Announcement for elective paper 6D of Economic laws final New course
16 March 2018 at 11:01Announcement of relevant legislative amendment applicable for May 2018 examination for Elective Paper 6D: Economic Laws Final (New Course)The November 2017 Edition of the Study Material on Final Paper 6D: Economic Laws contains amendments made uptil
Stringent action for adoption of unfair means in CA exam
15 March 2018 at 10:41Cases of adoption/attempt to adopt unfair means are reported in respect of the examinations held every time. In respect of the Examinations held in November 2017, over 90 cases of infringement/ violation of Instructions to Examinees, which tantamount
Nod of shareholders not required for insolvency resolution
14 March 2018 at 14:45Resolution professional doesn’t require nod of shareholders/members for insolvency resolutionMinistry vide its circular no. IBC/01/2017 dated 25.10.2017 clarified that Section 30 and 31 of the Code provide a detailed procedure from the time of
Division of assessees under GSTN
14 March 2018 at 14:45The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in the GST Sy
9073 cases under consideration in NCLT
14 March 2018 at 14:459,073 cases are under consideration in NCLT, including 1,630 cases of Merger and Amalgamation; 2,511 cases of insolvency and 4,932 cases under other sections of Companies ActThe Company Law Board (CLB) set up under Companies Act 1956 stands dissolved
Financial assistance for CA students by ICAI
14 March 2018 at 14:44The Board of Trustees has decided to provide financial assistance of Rs. 1500/- p.m, for articled assistants who are registered for Intermediate (IPC)/IPCC course and Rs. 2000/- P.M. for those students registered for final course and are currently un
ICAI releases Skill-Based Assessment specifications
13 March 2018 at 16:04ICAI while releasing Revised Scheme of Education (New Course) mentioned that there would be a skill-based assessment system under the new course. On the same lines, ICAI has released "SKILL ASSESSMENT SPECIFICATION UNDER THE REVISED SCHEME OF ED
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