Daily Archives: April 26, 2017

Draft GST Returns Rules – March 2017 Released by CBEC

By | April 26, 2017

Chapter – RETURNS Following are Draft GST Returns Rules Released by CBEC in March 2017 1. Form and manner of furnishing details of outward supplies Every registered person required to furnish the details of outward supplies of goods or services or both under section 37, shall furnish such details in FORM GSTR-1 electronically through the Common… Read More »

Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers

By | April 26, 2017

Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers – (26-04-2017) Following is the Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments. The Board invites comments on any aspect of… Read More »

ICAI reduced marks required for passing ISA AT Test

By | April 26, 2017

Requirements for passing Information Systems Audit (Assessment Test) 25th April 2017 It is hereby informed that in exercise of the authority vested with it under Regulation 204 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India has decided to revise the requirement for passing the Information Systems Audit(Assessment… Read More »

Govt of India has no plan to impose tax on agriculture income

By | April 26, 2017

FM : The Central Government has no plan to impose any tax on agriculture income Following is the text of the Union Finance Minister Shri Arun Jaitley’s Statement on the subject to impose tax on agriculture income: “I have read the paragraph in Niti Ayog Report entitled ‘Income tax on agriculture income’. To obviate any… Read More »

Resorts liable to pay luxury tax on free accommodation services provided to its members

By | April 26, 2017

HIGH COURT OF KERALA Mahindra Holidays & Resorts India Ltd. v. Intelligence officer K. VINOD CHANDAN, J. W.P. (C.) NO. 20728 OF 2015 (M) MARCH  29, 2017 Mohan Parasaran, Sr. Adv., K. Ramakumar, Sr. Adv., and P.J. Philip, Adv. for the Petitioner. R. Venkataraman, Sr. Adv., P. Ravindranath, Smt. Ubaya Bharathi and Akhil Suresh, Advs.… Read More »

Empanelment as Concurrent/Revenue Auditor for United Bank of India

By | April 26, 2017

Empanelment as Concurrent/Revenue Auditor for United Bank of India 1. United Bank of India invites application from practicing Firms of Chartered Accountants in India who fulfill the eligibility criteria as mentioned here under and are willing to have their firms empanelled as Concurrent Auditor and Revenue Auditor of the Bank for conducting Concurrent Audit and… Read More »