CAclubindia News

Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018

08 March 2018 at 11:25

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in the Parliament. It is a part of the efforts of the Government to encourage institutional arbitrati

Posted in Community & General | 2487 Views

Allocation of work among joint auditors in case of Bank Audits

07 March 2018 at 11:13

Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits 1. As you are aware that ICAI has issued Standard on Auditing (SA) 299, �Responsibility of Joint Auditors�. Regarding allocation of work

Posted in Audit | 3231 Views

Participation of States in E-Way Bill System

07 March 2018 at 11:13

All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations of the GST Council, appointed the 1st day of February, 20

Posted in GST | 3654 Views

NFRA to have power to impose penalty on audit firms

07 March 2018 at 11:13

The Chartered Accountants Act, 1949 (Act) provides for imposition of penalties on members of the Institute of Charted Accountants of India (ICAI).The ICAI had submitted a proposal to the Government for amendment to the Act to, inter alia, provide for

Posted in Audit | 5 comments | 3075 Views

Schedule of Mock Test Paper for CA exams

06 March 2018 at 11:08

Schedule of Mock Test Paper � Foundation, Intermediate & Final (New Course) / IIPC & Final (Old Course) Foundation Course Date Time Subject Time Subject 17th Mar�18

Posted in Exams | 7 comments | 12069 Views

Govt constitutes steering committee on Fintech

06 March 2018 at 11:08

The Government constitutes a Steering Committee on Fintech related issues to consider various issues relating to development of Fintech space in India with a view to make Fintech related regulations more flexible and generate enhanced entrepreneurshi

Posted in Community & General | 2184 Views

Cabinet approves Fugitive Economic Offenders Bill

03 March 2018 at 12:22

01-March-2018 18:55 ISTPress Information BureauGovernment of IndiaMinistry of FinanceCabinet approves Fugitive Economic Offenders Bill, 2018Offences worth Rs.100 crore or more under the Bill Property of Fugitive Economic Offenders to be attachedThe U

Posted in Community & General | 1 comments | 2667 Views

First arrest made under GST for availing false input credit

01 March 2018 at 21:00

Enforcement Action for Fraud in GST Mumbai; Two Businessmen arrested by Officers of CGST, Mumbai for creating fictitious invoices and availing ineligible credit. Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices

Posted in GST | 3 comments | 13446 Views

Cabinet approves establishment of NFRA for investigation of CAs

01 March 2018 at 20:45

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of

Posted in Career | 10 comments | 9252 Views

GDP growth revised to 6.6% in 2017-18

01 March 2018 at 10:38

Finance Ministry: Robust growth in manufacturing and significant acceleration in construction mark a turnaround in the country’s economic growth momentum; Heralding an improvement in the investment climate, real gross fixed capital formation is

Posted in Income Tax | 2310 Views