History of NFRA and deliberate misquoting by few to blame CA Profession The Union Cabinet chaired by the Prime Minister Shri Narendra Modi on 1st March 2018 has approved the proposal for establishment of National Financial Reporting Authority (NFRA) and…

GST - Compilation of Interesting Collection and Return Filing Statistics
GST in India came into effect from 1st July 2017, over 8 months have lapsed until now. Following is the interesting compilation of some return filing and GST revenue collection until…

PLACE OF SUPPLY UNDER GST- Simplified and Brief idea CA Surbhi D. Khiwansara 
CA, CS, CERTIFIED FAFP, NATIONAL GST FACUTLY BY ICAI
   
PLACE OF SUPPLY:-
Determination of place of supply under GST is important to decide the nature of Supply, whether it is…

Composition Taxpayers have been provided with the facility to provide details of amendment, in FORM GSTR 4.
GSTN has tweeted as under today  

All States shall implement E-Way Bill latest by 1st June, 2018- Finance Ministry All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations…

GST- E Way Bill Rules totally Substituted , 31st March 2018 notified as last date to file TRAN 2
  Central Board of Excise and Customs today have issued a notification number 12/2018-Central Tax , dt. 07-03-2018 thereby bringing amendments to Rule 117 and…

Maharashtra Budget 2018 Highlights

Important E-Way Bill Update about its applicability 
Recommendations regarding E-way Bill made during  meeting of the 26th GST Council Meeting held today i.e. 10th March 2018.
1) The GST Council has recommended the introduction of e-way bill for inter-State…

Will Use Data Analytics to solve problem of IGST Refund In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The outcome…

Download 2018 Edition of Guidance Note on Bank Audits issued by ICAI
ICAI have issued the revised version of Bank Audits on 9th March 2018. This version is available for sale at Rs. 350 /- including a CD containing relevant directions/circulars issued by…

RBI’s legal powers to supervise and regulate PSBs are constrained, govt should focus on Legal reforms - RBI Governor After one month of coming to light of largest ever scam in banking history of India, the PNB LOU Scam, RBI governor Dr Urjit Patel have said…

CBEC issues Clarifications on exports related refund issues
CBEC today have issued Circular No. 37/11/2018-GST to give clarifications on exports related refund issues. It is to ensure uniformity in the implementation of the provisions of the law across field…

Solution to Rectification of omissions, errors while filing of GST Return - Important CBEC circular
Posted on 30th December 2017 at 10.53 AM
GST Policy Wing of Central Board of Excise and Customs have issued a very details Circular number 26/26/2017-GST Dated…

FinMin says eligible refund claims are considered and sanctioned at the earliest , speculation in Media is incorrect Finance Ministry have issued a Press Release today titled GST Export Refunds. It…

To, Sri. Narendra Modi Prime Minster, Republic of India 7, Lok Kalyan Marg New Delhi     Respected Pradhan Mantri ji,   As I write these lines, I am fully aware that you may never re…

4 CA Associations brings important aspect to RBI's Notice to increase Bank Branch Audit utility
 
India's 4 Influential CA Associations viz Bombay Chartered Accountant's Society, Lucknow Chartered Accountant's Society, Ahmedabad Chartered Accountant's Society…