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About the President CMA Biswarup Basu has been elected as President of the Institute for the period 2020-2021. CMA Biswarup Basu is a Fellow Member of the Institute of Cost Accountants of India and an alumnus of South Point High School, Kolkata. He started his Professional career in 1..

Posted in Professional Resource |   391 Views

The International Financial Services Centres Authority (IFSCA) Expert Committee on international retail business development in the IFSC has submitted its interim report to the Chairperson of the IFSCA. The interim report covers a number of suggestions aimed at swift and efficient developm..

Posted in Professional Resource |   174 Views

F. No. 211/2018-CL-V  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhawan,  New Delhi- 110001  Dated: 17th September, 2020  ORDER   Subject:- Constitution of the Company Law Committee  In continuation..

Posted in LAW |   634 Views

As per provision in Sections 7, 8 & 10 of the GST (Compensation to States) Act, 2017, the issue of pending GST compensation and future course of action to meet the GST compensation shortfall has been discussed in 41st GST Council meeting on 27.08.2020 in the light of the opinion given by Ld..

Posted in GST |   782 Views

Adapt, Adopt and Automate: Augmenting Efficiency for Growth   World’s two leading accounting bodies i.e. The Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England and Wales (ICAEW), in collaboration are delighted to be launch..

Posted in Professional Resource |   238 Views

Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to co..

Posted in GST  1 comments |   3197 Views

Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6. But the GST Portal has notified that the taxpayers now have the facility for the ease of compliance. Know the new facilities made avail..

Posted in GST  2 comments |   2945 Views

The Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at  Srinagar, Gulmarg, Sonamarg and Pahalgam with another hotel under construction at Leh. Various incriminating documents and materials evidencing unexplained investments i..

Posted in Income Tax  2 comments |   1154 Views

Examination The Institute of Chartered Accountants of India 16th September, 2020 IMPORTANT ANNOUNCEMENT Sub: Reopening of empanelment of members to act as observers for November, 2020 examinations. In continuation to the Announcement dated 20th August 2020, it is informed that the window ..

Posted in Exams |   646 Views

The Institute of Chartered Accountants of India has released a notification with respect to the application/renewal of membership of ICAI. As per the amended regulations, a person who makes an application for membership of the Institute after a period of three years or more from the date of his pass..

Posted in Professional Resource  1 comments |   5392 Views

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