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Last date extended to 2nd March for CAG empanelment's online application for 2020-21

Extension of the Last Date for submission of application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2020-21 Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2020-21, the office of C&AG at the request of ICAI has extended the last date for submission of online application from 14th February, 2020 to 2nd March, 2020 as a onetime relief. Further, the last..

Posted in news |   1 comments |   3849 Views


Set the bird free from the cage of pre-GST legacy disputes

"Close some doors not because of pride or incapacity, but simply because they no longer lead somewhere and start a fresh." - Paulo Coelho Overview of the SVLDRS, 2019: In the Union Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (“SVLDRS, 2019” or “the Scheme”) to close the pending legacy disputes of Service Tax and Excise. The Scheme has now been notified and is in operation from..

Posted in articles |   2 comments |   6096 Views


Summary of audit report of CAG on GST

Executive Summary Chapter I : Implementation of Goods and Services Tax (GST) GST was rolled out with effect from 1 July 2017 with the objectives of reducing tax cascading, ushering in a common market for goods and services and bringing in a simplified, self-regulating and non-intrusive tax compliance regime. (Paragraph 1.6) The roll out of GST has been a landmark achievement of the Government with respect to unifying multiple central and state taxes barring a few goods / sectors and ..

Posted in news |   1 comments |   3441 Views


Deputy CAG post created in the office of CAG

Cabinet approves the creation of one post of Deputy Comptroller and Auditor General in the office of Comptroller and Auditor General of India The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to create one post of Deputy Comptroller & Auditor General (Coordination, Communication and Information System) in Pay Level-17 (by abolishing one STS level post) in the Office of the Comptroller & Auditor General of India. The Deputy Comptroller ..

Posted in news |   1581 Views


Last date extended to 22nd Feb for CAG empanelment for 2019-20

Extension of the Last Date for submission of online application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2019-20 Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2019-20, the office of C&AG at the request of ICAI has extended the last date for submission of the said application from 15th February, 2019 to 22nd February, 2019 as a onetime relief. Furt..

Posted in news |   3561 Views


Empanelment of CA firms with CAG for 2019-20

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI - 110124 Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020 Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for the year 2019-2020 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2013 and of Statutory..

Posted in news |   2634 Views


CAG empanelment of CA firms for the 2019-20

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI - 110124 Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020 Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for the year 2019-2020 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2013 and of Statutory Cor..

Posted in news |   4782 Views


CAG empanelment status available from 24th April to 3rd May

The office of O/o C&AG is hosting Provisional Panel of Chartered Accountant firms/LLPs for the year 2018-19 for indicating the position (along with provisional point score) of the firms who had applied for empanelment with the Office of the C&AG of India for appointment as auditors of Government Companies/ Corporations for the year 2018-19. The provisional panel will be available from April 24th, 2018 to May 03rd, 2018 on the website www.cag.gov.in Representation/Q..

Posted in news |   1563 Views


Last date for CAG empanelment extended to 22nd Feb

Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2018-19 Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2018-19, the office of C&AG at the request of ICAI has extended the last date for submission of the said application from 15th February, 2018 to 22nd February, 2018 as a onetime relief. Further, the l..

Posted in news |   2376 Views


Empanelment of CA firms with CAG for Govt audit

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI-110124. Empanelment of Chartered Accountant firms/LLPs for the year 2018-19 Online Applications are invited from the Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for appointment as auditors of Government Companies/Corporations for the year 2018-19. The online application format will be available on our website www.saii..

Posted in news |   3144 Views


Fictitious demands made to achieve tax collection target says CAG

On 19th December 2017, Comptroller and Auditor General tabled a report on the performance of direct tax administration and compliances to the provisions of Income Tax Act, 1961. The report revealed some harsh realities about the working of Income Tax Department and their arbitrary work culture. Some of the remarks are discussed as follows: Fictitious demands to achieve targets: The report submitted by CAG said 'We pointed out that the ITD had raised exaggerated demands to ac..

Posted in articles |   7 comments |   10845 Views


Highlights of CAG report on Service Tax

Executive Summary Section 16 of CAG's (DPC) Act, 1971 mandates CAG to audit receipts payable into consolidated fund of India and to satisfy that the rules and procedures are designed to secure an effective check on the assessment, collection and proper allocation of revenue and are being duly observed. We examined functions of Service Tax Department relating to scrutiny, internal audit etc. and verified records of assessees, which form the basis for tax calculation, to examine the extent of e..

Posted in news |   2226 Views


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