GST Rates for Goods and Services | Exempt Items | Services under Reverse Charge
The GST Council, in its meeting held at Srinagar on 18 and 19 May 2017, has decided on many significant aspects for GST roll-out w.e.f. 1 July 2017, like …
Updates
MCA Appoints 1 Apr. 2017 as Effective Date for Sec. 2(d)(a) of IB Code, 2016
The MCA has appointed 1 Apr. 2017 as the date from which provisions of Section 2(d)(a) of the Insolvency and Bankruptcy Code, 2016 relating to voluntary liquidation or bankruptcy …
New LLP Rule 37(1A) for Filing of Overdue Returns in Form 8/ 11 before Striking Off Name
MCA Notifies LLP Amendment Rules 2017 applicable w.e.f. 20 May 2017. MCA has amended LLP Rules to insert New Rule 37(1A) relating to filing of overdue returns in Form …
RBI Prescribes Minimum Qualification for Bank CFO as ‘Qualified CA’
The RBI has prescribed Minimum Qualifications for the position of CFO in Banks as Qualified Chartered Accountant, besides 15 years experience in overseeing financial operations, preferably accounting and taxation …
CBEC’s Final GST Rules and Revised Draft GST Rules
The GST Council, in it's meeting held at Srinagar on 18 May 2017, has approved Final GST Rules (based on Revised Draft prepared by the CBEC) relating to Composition, …
ICAI Advisory on Coaching Business and Advertising by Practising CAs (Members)
CA Regulations prohibit a Practising Member,- i) from occupations other than Profession (like coaching business) except with prior approval of the Council, and ii) advertising. However, the Council has …
Insolvency Professional Exam (Second Edition) Announced by IBBI with Syllabus and Frequency
The Insolvency and Bankruptcy Board of India (IBBI) has announced Second Edition of "Limited Insolvency Professional Examination" along with details about syllabus, format and frequency thereof. This exam will …
PF Claims Settlement in 10 Days; EPFO launches Citizens’ Charter 2017 and e-Court Management System
EPFO has launched Citizens’ Charter 2017 and e-Court Management System, to bring transparency and accountability on the part of EPFO by making the service delivery system/ grievance redressal mechanism …
MCA Clarification on Applicability of S. 16(1)(a) of CA 2013 for Time Barred cases under CA 1956
The MCA has issued Clarification on Applicability of Section 16(1)(a) of the Companies Act 2013, which doesn't prescribe any time limitation, vis-a-vis the time barred cases as per the …
Clarifications issued by “ITFG of ICAI” (Bulletins #1~9)
The Ind AS Transition Facilitation Group (ITFG) of ICAI has so far considered various issues received from members/ stakeholders and has issued Clarification Bulletins #1 to 9 thereon, from …