ICAI’s ‘Revised SA 299: Joint Audit of Financial Statements’
ICAI has issued ‘Revised SA 299: Joint Audit of Financial Statements’, applicable w.e.f. 01/04/2018 in the case of audit of large entities which appoints more than one auditor (i.e. …
E-way Bill System/ Rules Applicable from 01/04/2018: CBEC notifies
CBEC notifies that E-way Bill System/ Rules shall be Applicable from 01/04/2018, in line with recommendations of the GST Council dt. 10/03/2018. CBIC Central Tax Notification 15/2018 dt. 23/03/2018: …
Companies (Accounts) Amendment Rules notified by MCA
The MCA has notified the Companies (Accounts) Amendment Rules, from time to time, to amend the formats for financial statements/ other documents prepared by the companies under the Companies …
ICAI’s Implementation Guide on SA-701: Communicating Key Audit Matters in the Independent Auditor’s Report
ICAI has issued an Implementation Guide on ‘SA 701: Communicating Key Audit Matters in the Independent Auditor’s Report’, for guidance of members in discharging their reporting responsibilities under this …
CBDT Instructions on Assessment Procedure for Electronic (e)-Scrutiny of Cases
CBDT has issued Instructions regarding procedure for conducting e-assessments in scrutiny cases, including the exceptions where the manual scrutiny may be continued, like in the cases relating to search …
Official E-way Bill Portal (www.ewaybillgst.gov.in) notified by CBEC
The CBEC has notified the Official Website/ Portal for Generation of E-way Bill https://ewaybillgst.gov.in/, i.e. “Common Goods and Services Tax Electronic Portal” for furnishing electronic way bill. However, due to …
CBEC Notifies Reduction of Late Filing Fee for FORM GSTR-1, 5, 5A and 6
In line with recommendations of the GST Council, CBEC notifies Reduction of Late Fee for Delayed filing of FORM GSTR-1, GSTR-5, GSTR-5A* and GSTR-6, i.e. Late fee in such …
Tax Return Preparer (TRP) (Amendment) Scheme, 2018 notified by CBDT
The CBDT has notified the “Tax Return Preparer (TRP) (Amendment) Scheme, 2018” and has amended Para 3 (eligibility for becoming a Tax Return Preparer), Para 4 (application procedure and …
ICAI’s Revised SA 720: Auditor’s Responsibilities Relating to Other Information
ICAI has issued ‘Revised SA 720: The Auditor’s Responsibilities Relating to Other Information’, applicable w.e.f. 01/04/2018, as under: ICAI’s Revised SA 720: The Auditor’s Responsibilities Relating to Other Information …
GST Enrollment/ Registration/ Migration: GST Portal (www.gst.gov.in)
In line with recommendations of the GST Council, CBIC has issued a Notification for such taxpayers/ persons who failed to file Form REG-26 to register at GST Portal (www.gst.gov.in) …