Vacancy for CA in L'Oréal

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Vacancy for CA in Indus Tower Ltd

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Appointment of audit firm for conducting Internal Audit of ICSIL for the Financial Year 2018-19

Intelligent Communication Systems India Limited, New Delhi (18 Dec 2018)
Appointment of audit firm for conducting Internal Audit of ICSIL for the Financial Year 2018-19
Address :

Salaried person can save tax by Rs.83000 by just simple tax planning for FY 2018-19

Bangalore-based IT professional T. Chandramouli pays a very high tax because his pay structure is not very tax friendly. With no tax-free allowances, a good 15% of his income goes up in tax.
Taxspanner estimates that Chandramouli can reduce his tax by over Rs 83,000 if he gets a few tax-

Now , the Subscribers to the Memorandum of Association of the Company cannot delay the infusal of their money in respect of the shares subscribed by them

WHEN THE SUBSCRIPTION AMOUNT HAS TO BE REMITTED?

Until now, Companies Act is silent as to when the payment in respect of the shares agreed to be subscribed by them.

The subscribers would be deemed to have agreed to become

Recent Case Laws

2018-TIOL-2713-HC-MUM-IT

Pr.CIT Vs Tulip Hospitality Service Ltd
Whether the High Court should entertain an appeal arising from the findings of facts - NO: HC

- Appeals Dismissed : BOMBAY HIGH COURT

2018-TIOL-2712-HC-MAD-IT

MRL Postnet Pvt Ltd Vs Pr.CIT
Whether an order transferring a case of assessment without giving reasons and considering the

Respondent HUL having denied benefit of tax reduction to his customers and appropriated tax benefits himself by increasing base price of products was to be held guilty of profiteering

CGST : Respondent HUL having denied benefit of tax reduction to his customers and appropriated tax benefits himself by increasing base price of products was to be held guilty of profiteering

• HUL, by issuing letter to re-distribution stockists (RS) mentioning that benefit of rate reductions shall be passed on to consumers through MRP reductions/increased fill levels, had not only denied ITC to RSs but also restrained

Despite the series of rate cuts since its July 2017 launch, the shortfalls in GST collections seem to be bridging for many states, in what indicates an improvement in compliance. As a result, the overall GST revenue deficit for states has come down to 10% in April-November 2018 from 20% in the August 2017-March 2018 period, data gathered by FE showed. (The deficit is reckoned against the 14% y-o-y growth target set under the GST compensation law).

GST revenue: States’ deficit falls to just 10 per cent in April-November

By: Sumit Jha | Published: December 31, 2018 6:09 AM

Despite the series of rate cuts since its July 2017 launch, the shortfalls in GST collections seem to be bridging for many states, in what indicates an improvement in compliance.

X

The deficit is reckoned against the 14% y-o-y growth target set under the GST compensation law.

Despite the series of rate cuts since its July 2017 launch, the shortfalls in GST collections seem to be bridging for many states, in what indicates an improvement

Settled GST, credit flows among 7 reforms to aid India grow 7.5% in 2019: CII

The country is expected to witness strong economic growth in 2019, after it has emerged as the fastest growing major world economy this year despite growing global vulnerabilities, industry body CIIsaid Sunday. 

The positive outlook is buttressed by strong drivers emanating from services sector and better demand conditions arising out of poll spend, with the general

Vacancy for CA/CMA in GAIL

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Now get CANEWS updates on Whatsapp

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Vacancy for Chartered Accountants/ Cost Accountants in NHAI

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Vacancy for CA Internship in LUDIFU

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Vacancy for CA/ CA Inter in Engineer & Mehta

Job Summary
The Audit Executive will work in the assurance practice of the Firm and will work on diverse audits such as statutory audit, tax audit, transfer pricing audit, GST audit, due diligence etc.

Vacancy for CA/ICWA/ MBA (Finance) in National Institute of Design

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Vacancy for CA/ CA Inter in Cleartrip

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Vacancy fir CA in Mumbai Mobile Creches

Mumbai Mobile Creches (MMC) is a non-profit organisation that has attempted to ensure the health, safety and education of children living on construction sites for the last four decades. It runs comprehensive day care centres on construction sites, for children who are among the most

Vacancy for CA / CA Inter in Luxus India

Experience: 5-7 yrs of experience in Manufacturing sector
Name of the position: Account Manager
Industry: Manufacturing
Functional Area: Accounts & Finance

CPE HOURS REQUIREMENT FOR THE BLOCK PERIOD OF 3 YEARS (1-1-2017 TO 31.12.2019) TO BE COMPLIED WITH BY DIFFERENT CATEGORIES OF MEMBERS

1. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:

Complete at least 120 CPE credit hours in a rolling period of three-years.

Complete minimum 20 CPE credit hours of structured learning in each calendar year.

Balance 60 CPE credit hours (minimum 20 CPE credit hours in each calendar year) can be completed

GST 2019 Bonanza: These services to become tax-free from January 1; Save money, pay less on many items

After the December 22 meeting of GST Council, the government has started preparing notifications to give relief to traders and the common man. The notifications will be expectedly released tomorrow. One of the biggest relief from January will come to Savings account and a Jhan Dhan account holders. 
As per the latest decision of the GST council, such account holders will not have to pay GST on the

Babu Abraham re-elected for Central Council of ICAI

Babu Abraham Kallivayalil, a senior Chartered Accountant from Ernakulam, has been re-elected to the Central Council of the Institute of Chartered Accountants of India (ICAI).
He is the first person from Kerala to get elected for the third consecutive term. He has won with the

ICAI to declare CA Final-Inter Exam Results in January

The Institute of Chartered Accountants of India ( ICAI ) is likely to announce the results of ICAI November 2018 CA CPT, CA Foundation, CA Inter and CA Final Results in the third week of January 2019.
Recently, the ICAI has also announced its decision to tweak the exam pattern for CA Inter and Final

Whether if rent is due for receipt only after fulfillment of certain conditions precedent, which are not yet fulfilled then no addition for Income from house property should be made - YES IS THE VERDICT.

MUMBAI,: THE ISSUE IS - Whether if rent is due for receipt only after fulfillment of certain conditions precedent, which are not yet fulfilled then no addition for Income from house property should be made - YES IS THE VERDICT.

Facts of the case

The assessee company, engaged in the business of real estate construction and letting of commercial premises, had filed return of income for relevant AY. During the relevant year, the assessee did not carried out any business activity. The case was selected for scrutiny assessment u/s 143(3). In the

Partnership Firm Registration - An Overview (Partnership Deed Format)

Governing Law:

The Partnership Act, 1932 ( may be called the Indian Partnership Act, 1932).

It came into force w.e.f.  01.10.1932 extends to the whole of India except the State of

Abridged Form of Directors Report For OPC And Small Companies

This is for your information:

MCA has amended Companies (Accounts) Rules, 2014, these rules called Companies (Accounts) Amendment Rules, 2018.

MCA has come up with new rule 8A on 31^st July 2018 with Abridged form of Director's report disclosure and prescribed a separate bunch of

Vacancy for CS trainee and freshers in Muds Management Private Limited

Muds Management Private Limited (it is CS and Legal consulting firm) is looking out to hire CS trainee and freshers at its Gurgaon office situated at plot number A-60, IInd Floor, Sanjay

HUL issues clarification on NAA order

In a communication to the BSE, the firm said, "The NAA order refers to the need to pass on the benefit of reduction in rates to consumers which is fully

Vacancy for CA/ACCA in Deloitte Dubai

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Focusing on improving tax net and compliance in GST says Revenue secretary

New Delhi: The government is looking at bringing untaxed sectors in the tax net as well as improving compliance to raise the tax-to-GDP ratio, Revenue Secretary Ajay Bhushan Pandey said.

He also said GST officials would ensure that taxpayers who are paying taxes honestly are not disturbed, but those who are defaulting in payment or not filing returns

ICAI appoints TCS for developing UDIN project postpones UDIN mandate by a month

UDIN - A way to authenticate document

As you are aware that to secure the certificates/documents attested/certified by practicing Chartered Accountants and for tracing forged/wrong documents prepared by any third person misrepresenting

Vacancy for CA in Abrao Group

Job Profile

Key functions involve :
1) Responsible for ensuring direct and indirect tax compliance of a sister concern(s) of the group.
2) Preparation and maintenance of Management information reports.
3) Ensuring that Financial internal controls of the company(s) are complied with.
4) Supervise & undertake the accounting aspects for company(s) as may be required. br/> 5) Interact with other departments, consultants, auditors for financial matters relating to the assigned

NOW ROC OR REGIONAL DIRECTOR IS EMPOWERED TO IMPOSE PENALTY UNDER COMPANIES ACT 2013

The Companies (Amendment) Ordinance, 2018 which has been signed by President of India on 2 November 2018 has reclassified  certain offense from Fine to Penalty under Companies Act 2013.

 Thus, Registrar of Companies (ROC) and Regional Director (RD) can now

Exemption otherwise available to charitable trust u/s 11 can be denied to extent of its diverted income as per Sec 13 and not entire income: HC

MUMBAI,  : THE ISSUE is - Whether exemption benefit available to a charitable trust u/s 11 can be denied only to the extent of quantum of diversion of income, but not entire income of such trust. YES IS THE VERDICT.

Facts of the case

The assessee is a trust registered u/s 12AA and engaged in the activity of running educational institution. For the relevant A.Y, the assessee had filed its return declaring Nil income. During the

Cases where Input Tax Credit under GST cannot be availed

Specific cases are mentioned under GST where no input tax credit shall be available to the applicant. We are going to discuss the ineligibility of input tax credit in the article with examples.

Expenditure on which ITC is not available under GST

1. Motor vehicles & conveyances

• ITC is not available for motor vehicles and conveyances.
• For example, ABC buys a car for their business. They cannot claim ITC on the same.

Exceptions to ITC on motor vehicles

ITC will be available when the vehicle is used for the following:

a) Supply of other vehicles or conveyances

If you are in the business of supplying cars then ITC will be available.

For example, a car dealer purchases a car for Rs.50 lakh plus 14 lakh GST (ignoring cess

Empanelmet-of-Chartered-Accountant-FirmsLLPs-2019-20 with CAG

Empanelmet-of-Chartered-Accountant-FirmsLLPs-2019_211220181339595.pdf

GST on income earned by Bloggers and Youtubers

Youtubers or bloggers don't need to register themselves if their aggregate turnover is less than the prescribed limit which is 20 lacs for normal state and 10 lacs for special category states that are Arunachal Pradesh, Himachal Pradesh, Uttarakhand, Sikkim, Tripura, Nagaland, Manipur, Assam, Mizoram and Meghalaya though they are providing Interstate services (export classify as interstate

Vacancy for CA in Amazon

At Amazon we are working to be the most customer-centric company on earth. To get there, we need exceptionally talented, bright, and driven people. If you would like to help us build the place to find and buy anything online, this is your chance to make history. We are not an average retailer and this

CA Institute’s disciplinary probe hearing against IL&FS auditors postponed

The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of beleaguered IL&FS Group stands postponed.
The first hearing, which was scheduled to take place in Kolkata on Friday, has been postponed, sources close to the developments said. There is no information on when the next hearing will take

Chartered accountant trainee run over by truck

MANGALURU: After a brief lull, the issue of trees being felled and being taken away illegally is haunting the district again. According to sources, a huge number of trees from the Neerenkimale reserve forest under the Uppinangadi forest range are reportedly being felled and supplied to the

Watch: Rs 4000-cr credit default crisis hits Kutchi-Visa-Oswal community in city

https://kutchinews.blogspot.com/2018/12/watch-rs-4000-cr-credit-default-crisis.html

The Accidental Prime Minister | Official Trailer | Releasing January 11 2019

https://newsyoucanusebeta.blogspot.com/2018/12/the-accidental-prime-minister-official.html

Why you should file belated ITR before December 31

If you have not filed your income tax return (ITR) for FY2017-18 till now, it is high time you get a move on. This is because if you file a belated ITR after December 31, you will have to pay double the penalty for late filing, i.e., Rs 10,000. If you file it before December 31, 2018, you will have to pay a late filing fee of Rs 5,000.
In fact, the income tax department has issued advertisements asking taxpayers who have not filed their ITR till now to do the same before December 31.
With effect from assessment year 2018-19, ITR filed after the expiry of the deadline will attract a late

GST impact on real estate builders, buyers: All you need to know about pre vs post-GST rates

Real Estate has been one of the sectors which were majorly impacted by GST. One of the immediate effects was that the overall cost of construction and thus the effective real estate GST rates went down in the GST era, due to the availability of additional input tax credit for builders. However, what is still missing in the real estate market is the intention of builders to pass on the

Launch of public issue of NCD of Mahindra and Mahindra financial service

Launch of Public Issue of NCDs *MAHINDRA AND MAHINDRA Financial Services Limited*


Issue Opens:  *4 JANUARY  2018*


Issue Size: *₹ 3000 Crores*


Instrument: *Secured Redeemable Non-Convertible Debentures and Unsecured, Subordinated,

Vacancy for CA in Henkel

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HUL mulls legal action against GST order

Mumbai: Hindustan Unilever (HUL), which has been ordered by the National Anti-Profiteering Authority (NAA) to deposit around Rs 223 crore in consumer welfare funds of the government for failing to pass on the entire benefit of GST reduction last year, is considering taking a legal course of action.
An HUL company spokesperson said, “The NAA order refers to the need to pass on the benefit of reduction in rates to consumers which is fully consistent with HUL’s stand and actions. However, it

Apple may be considering to move iPhone flagship production to India

Apple may be already looking for ways to avoid further problems with China as Trump’s administration has begun to tense commercial relationships between countries. The possible 25% tariffs on Chinese produced devices would affect the prices of many products including flagship iPhone models. Now an emerging market and seems like the best alternative that can still provide

Vacancy for CA in Qatar Airways

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DTH New Rules by TRAI | TV Channels ₹130 Tariff Plans for D2H & Cable TV Explained with Channel List

First Battery Swapping technology in India for Electric vehicles

https://newsyoucanusebeta.blogspot.com/2018/12/first-battery-swapping-technology-in.html

ICAI to implement Multiple Choice Questions, Revaluation in CA Exams

The Institute of Chartered Accountants of India ( ICAI ) is all set to launch multiple choice questions and revaluation in CA Inter, Final exam from 2019.
Chartered Accountants body Chief, CA Naveen N D Gupta said that from May next year, the CA exam will have 30 percent multiple choice questions for selected papers at intermediate and final levels to strengthen conceptual clarity among the students. Besides, a pilot project of centralized

Income Tax dept allows manual filing by resident, NRI taxpayers for nil/lower TDS certificate

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The Income Tax Act, 1961, provides that if a taxpayer considers that his total income warrants deduction of income tax at lower/ nil rate, he may apply to the assessing officer (AO) requesting for lower withholding certificate. Such application was to be e-filed by filling up Form 13.

The income tax department Monday allowed manual filing of form by resident and NRI taxpayers wanting to apply for deduction of taxes at a lower or nil rate on total income. The Income Tax Act, 1961, provides that if a taxpayer considers that his total income warrants deduction of income tax at

GST slabs in India 2019: Changes Again? GST rates on these items may come down in New year!

GST rates cut: Days after the GST council approved reduction of GST on several items, the government has hinted further rationalisation of the GST regime. This will bring huge relief to the customers as the 12 and 18 per cent slabs will be merged. In its last meeting on Saturday, the GST council cut rates on 23 items, including those which were in the 28 per cent slab. Here's a look at

Why businesses want you to follow western culture desperately: Bitter truth. Fact of social sacrifice over economic sacrifice

One of the biggest fundamentals of western culture is formation of micro families instead of joint families. And here is how businesses in western countries like USA are flourishing on this very fundamental.

Every family in western culture force their children out of their house once they attend 18 years of age.  This very point of time gives rise to a new economic cycle for businesses to vulture upon.

A newly separated teenager needs house, of course since he/she does not afford a house rents it at

Vacancy for CA in NAFED

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5 things to do before you file annual returns under GST

The Government has extended the deadline to file the annual returns for FY 2017-18 under Goods and Services Tax (GST) to March 31, 2019, which earlier was December 31, 2018. All taxpayers registered under the GST act between July 2017 to March 2018, have to submit the annual return in

Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020

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

Request For Proposal (RFP) For Engagement Of Concurrent Auditors to Select 8 Regional Offices Of National Bank For Agriculture And Rural Development (Nabard)

• National Bank For Agriculture And Rural Development, Mumbai - Maharashtra (12 Dec 2018) Request For Proposal (RFP) For Engagement Of Concurrent Auditors to Select 8 Regional Offices Of National Bank For Agriculture And Rural Development (Nabard) Inspection Department
  Address :
  

Vacancy for CA in Dun & Bradstreet

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10 changes in income tax rules this year

LTCG tax on equity mutual funds and stocks, dividend distribution tax on mutual funds and introduction of standard deduction on income tax are among the few of the tax changes from 1 April

GST Council Extends Due Date For Filing Annual Returns and GST audit upto June 2019

The Goods and Services Tax Council further extended the due date for filing annual returns by three months as it looks to provide reasonable time for industry to collate the information required to be disclosed in the forms.

The due date for filing of annual returns for financial year 2017-18 in Form GSTR-9, GSTR-9A and GSTR-9C has been extended to June 30, according to a Finance Ministry press release. The government had earlier extended the last date for filing annual returns to March 31 from Dec. 31.

GSTR-9 is the annual return form for normal taxpayers, GSTR-9A is for composition taxpayers and

GST rates reduced for 23 goods and services, including movie tickets, TV

In a Christmas bonanza to the common man, the GST Council Saturday reduced tax rates on 23 goods and services, including movie tickets, TV and monitor screens and power banks, and exempted frozen and preserved vegetables from the levy.
The reduced rates are likely to come into effect from January 1, 2019, Finance Minister Arun Jaitley

Banks to remain shut tomorrow

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days. The banks will remain closed on December 22 and 23 on account of fourth Saturday and Sunday respectively. December 25 will be national holiday for Christmas.

"We called the strike on December 21 demanding full and unconditional mandate for the XIth bipartite wage revision talks based on a charter of demands submitted in May, 2017. No headway has been made in the process so far even after 19 months since discussion on wage revision began," All India Bank Officers Confederation's (AIBOC) Assistant General Secretary Sajay Das said.

According to him, over 3.2 lakh officers of the

Section 112A – 10% Long Term Capital Gains Tax on Sale of equity shares [With Example]

Under the existing provisions, long term capital gains from sale of listed equity shares or units of equity oriented fund or units of business trusts is exempt from tax by way of section 10(38).

New section 112A has been introduced in Finance Bill, 2018 which has withdrawn this exemption. The Memorandum explaining the bill stated:

“Under the existing regime, long term capital gains arising from transfer of long term capital assets, being equity shares of a company or an unit of equity oriented fund or an unit of business trusts , is exempt from income-tax under clause (38) of section 10 of the Act. However, transactions in such long term capital assets carried out on a recognized stock exchange are liable to securities transaction tax (STT). Consequently, this regime is inherently biased against manufacturing and has encouraged diversion of investment in financial assets. It has also led to significant erosion in the tax base resulting in revenue loss. The problem has been further compounded by abusive use of tax arbitrage opportunities created by these

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Vacancy for CA in BNP Paribas

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Tender for appointment of CA firm for F and A work of ashok events division of ITDC

• India Tourism Development Corporation Limited, New Delhi (14 Dec 2018) Tender for appointment of CA firm for F and A work of ashok events division of ITDC.
  Address : New Delhi
  
  

Govt orders restructuring of tax department

The CBDT said the motive of the cadre review and restructuring exercise is to enable and equip the

Working to bring 99% things in sub-18% GST slab: PM Narendra Modi

Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that '99 percent things' attract sub-18 per cent GST slab.
Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, Modi said, addressing the Republic Summit here, Moneycontrol had first reported.
"Today, the GST system has been established to a large extent and we are working towards a position

Exposure Draft of Amendments in Ind AS XBRL Taxonomy

Exposure Draft of Amendments in Ind AS XBRL Taxonomy
(Comments to be provided by 30th December, 2018)

Ministry of Corporate Affairs (MCA) has mandated the filing of financial statements in XBRL format for the specified class of companies. XBRL taxonomy covers the requirements of Accounting Standards, Companies Act and MCA specific requirements. XBRL taxonomy, based on the Indian

If You Get This SMS On Income Tax Refund, Beware As It's A Scam Affecting Thousands Of Victims

It's easy to get suckered into an online scam, even when you're generally cautious. Phishing mails can be very convincing to the untrained eye. So when we tell you there's a new Income-Tax related scam

GST Council may look to rationalise 28% slab; taxes on cement may be cut

The GST Council is likely to rationalise the 28 per cent slab by cutting tax rates on construction items, like cement, in its meeting next week.
The council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, has

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Vacancy for CA in Flipkart

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IL&FS crisis: CA Institute holds statutory auditors ‘prima facie guilty’

The Institute of Chartered Accountants of India (ICAI) has held certain statutory auditors of the beleaguered IL&FS Group, including its parent IL&FS Ltd and two of its subsidiaries IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial Services Ltd (IFIN), “prima facie guilty” of professional misconduct.
With this, the legal decks are now cleared for full-fledged investigations against those partners of the

FAQs on Form GSTR 9C

Click here to Download

ICAI signs MoU with IIM Ahmedabad to conduct management training programmes for CAs

The Chartered Accountants apex body, ICAI has signed a MoU with the Indian Institute of Management, Ahmedabad (IIM Ahmedabad) for conducting management training programmes for CAs.

The objective

The objective of the initiative is to establish mutual cooperation between the institutes for offering

Vacancy for CA in Johnson & Johnsons

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REQUEST FOR PROPOSAL FOR CONCURRENT AUDIT OF OPERATIONS OF BRANCH OFFICE, SIDBI

• Small Industries Development Bank Of India, Multi Location (30 Nov 2018) REQUEST FOR PROPOSAL FOR CONCURRENT AUDIT OF OPERATIONS OF BRANCH OFFICE, SIDBI
  Address :
  

Is your builder passing on the benefit of lower GST to you?

While the overall cost of construction seems to have gone down under the Goods and Services Tax regime on account of additional input tax credit for builders, the intent to pass on the benefit of lower cost to the end buyer still seems to be missing from the market.
In order to ensure that homebuyers get this benefit, the government has started questioning

Practice Management Software for members in practice & CA Firms of ICAI

The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has arranged the practice management software for members in practice / firms, in form of cloud software designed for managing the Professional Practice in an effective

Effective GST tax rate on complex, building, flat etc.

It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready to move-in flats where sale takes place after issue of completion certificate by the competent authority. GST is applicable on sale of under

Vacancy for CA in Deloitte

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Appointment of CA firm for internal audit of specified areas at HUDCO

• Housing And Urban Development Corporation Limited, New Delhi (06 Dec 2018) Appointment of CA firm for internal audit of specified areas at HUDCO corporate office and Human Settlement Management Institute (HSMI) for the Financial Year 2018-2019.
  Address :
  

Crores seized in Income-Tax searches at properties of Balaji Group

CHENNAI: On the second day of searches carried out at nearly 40 properties associated with Balaji Group companies and its promoters across Chennai and Tiruvallur districts, the income tax investigation wing has seized crores of rupees, said a senior I-T official. However, there was no official confirmation yet on the quantum of seizure.
The group has business interests in distillery, textiles, granite, entertainment and chit funds in TN and

The GST is applicable on sale of under construction property, said Ministry of Finance

The GST is applicable on sale of under construction property, said Ministry of Finance.
New Delhi: The government on Saturday said that buyers of real estate properties will not have to pay Goods and Services Tax (GST) if they purchase the fully constructed property after the issue of completion certificate.
"It is brought to the notice of buyers of constructed property that there is no GST on sale of

Vacancy for CA in Exxonmobil

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CBIC extends due date of filing GST Annual Return Form GSTR-9, GSTR-9A & GSTR-9C

Days before the final deadline of December 31, 2018 to file GST Annual Return, the government has announced an extension by three months till March 31, 2019.
According to a statement by Central Board of Indirect Taxes and Customs (CBIC), it has been decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C till

Vacancy for CA in World Resources Institute

 What is WRI?

WRI India, an independent charity legally registered as the India Resources Trust, provides objective information and practical proposals to foster environmentally sound and socially equitable development. Our work focuses on building sustainable and liveable cities and working towards a low carbon economy. Through research, analysis, and recommendations, WRI India puts ideas into action to build transformative solutions

I-T department working on pre-filled income tax return forms: CBDT

Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said.
The tax department is working on the pre-filled income tax return (ITR) forms which would be based

CAIT urges Jaitley to extend last date for filing ‘Annual GST Return’ to March 31, 2019

CAIT urges Jaitley to extend last date for filing ‘Annual GST Return’ to March 31, 2019
New Delhi, Dec 7 (KNN) The trader’s body, Confederation of All India Traders (CAIT) has urged Arun Jaitley, Union Finance Minister to extend the last date for filing ‘Annual Goods and Service Tax (GST) Return’ from December 31, 2018 to March 31, 2019.
In its communication to Jaitley, the CAIT said that the format of filing of annual GST return and even

Vacancy for CA in Novartis

Job Description

The Financial Analyst in this position will be part of the Commercial Operations Team supporting Planning & Analysis (BPA) teams in Region/country; helping the business fulfil its objective of being an effective business partner to enhance the revenue & profitability
Some of the key responsibilities include but not limited to: 1. Management Reporting – Support

Reconciliation of GST data in 5 steps

Reconciliation under Goods & Services Tax (GST) is about matching the data filed by the supplier with those of the recipients and recording all the transactions that have taken place during that period. The reconciliation process ensures that no sales or purchases are omitted or wrongly reported in the GST returns.
The taxpayers must reconcile their data on a regular basis with that of the vendors to claim eligible Input Tax Credit (ITC). The process of reconciliation is simple, but can be time-consuming, as the taxpayers are required to continuously keep an eye on any discrepancy or mismatches that may affect

6 CPE HRS SEMINAR ON GST AUDIT AND ANNUAL RETURN ON 21-22 DECEMBER 2018 AT BCCI

Vacancy for CA / ICWA in Wipro

Job Description:

Oracle Apps Financials Functional:         
Candidate should ideally have a degree in CA / ICWA from a reputed University or either from

Vacancy for CA Inter in HSBC

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CONTRACT FOR INTERNAL AUDIT of Rashtriya Chemicals And Fertilizers Limited

• Rashtriya Chemicals And Fertilizers Limited, Mumbai, Maharashtra (30 Nov 2018) Corrigendum : CONTRACT FOR INTERNAL AUDIT FOR ISO 27001 AND ONE DAY TRAINING AT RCF, TROMBAY UNIT.
  Address :
  

PAN card rules to change from this Wednesday w.e.f 5th December 2018. List of new amendments in Income Tax Rules, 1962

New Delhi: PAN card rules will no more be the same from this Wednesday as the Income Tax department has brought in some important changes aimed at preventing tax evasion and allowing new PAN card applicants greater flexibility. According to a notification issued by the finance ministry on

GST annual return: A comprehensive analysis

Introduction

Ever since GST came into prominence with effect from 1st July, 2017, there were several anticipations for the GST audit and its reconciliation with the annual return, including linkage of the same with the erstwhile VAT regime or the Income Tax Return/Tax Audit Report. Some of the

HUL to merge with GSK Consumer in India's biggest consumer goods deal

https://investise.blogspot.com/2018/12/hul-to-merge-with-gsk-consumer-in.html

SEBI extends deadline for transfer of shares in demat

The Securities and Exchange Board of India (SEBI), has given investors more time to convert shares and other securities held in physical certificate format into demat. The deadline has been revised to April 1, 2019, from December 5, 2018.
SEBI has made it mandatory to hold the shares and securities in dematerialised form with a

Chartered accountants, pay attention! You can be proceeded against for acts that bring disrepute to your profession

In a landmark decision, the Supreme Court has held that chartered accountants can be proceeded against for their acts that cause disrepute to their profession irrespective of the fact whether this relates to their professional work or not. The case pertains to an appeal arising out of a complaint dated 16.03.2005 against a

Vacancy for CA/ ICWA in Reliance Jio Infocomm Limited

• Posted Date :
  30 Nov 2018
• Function/Business Area :
  Finance Compliance & Accounting
• Location :

Vacancy for CA in Faaso's Food Services Private Limited

• Company Name: Faaso's Food Services Private Limited
• Location: Mumbai
• Experience: 0 - 3 Years

• Keywords / Skills: Chartered accountant,MBA Finance

NRIs Not To Disclose Foreign Assets, Bank A/cs: Income Tax TribunalNRIs Not To Disclose Foreign Assets, Bank A/cs: Income Tax Tribunal

As per the Income-Tax Appellate Tribunal (ITAT), NRIs are not obliged to provide details in relation to their foreign assets and bank accounts held outside of the country.Nonetheless, also when there

Prepare to pay GST for 'free' bank services like add-on cards, cheque books

In June, in the face of the brouhaha that had erupted after the Directorate General of Goods and Services Tax Intelligence asked the already struggling banks to pay taxes on their free services from 2012 onwards, the government had been compelled to backpedal.
But it is now making a U-turn. According to The Economic Times, over the past two months, the tax

The due date for filing TDS returns under GST for the October-December 2018The due date for filing TDS returns under GST for the October-December 2018

The government has extended the due date of filing tax deducted at source (TDS) returns under GST laws for the October-December period till January 31, 2019. The TDS provisions under the goods

Invitation for Chartered Accountant firm for Northern Railway.

• Northern Railway, Delhi (06 Nov 2018) Invitation for Chartered Accountant firm for Northern Railway.
  Address :

Extension of due dates for filing GST returns in few Southern districts

In view of the disturbances caused to daily life by Cyclone Titli in the district of Srikakulam, Andhra Pradesh, and by Cyclone Gaza in eleven districts of Tamil Nadu viz., Cuddalore, Thiruvarur, Puddukottai, Dindigul, Nagapatinam, Theni, Thanjavur, Sivagangai, Tiruchirappalli, Karur and Ramanathapuram, the competent authority has decided to extend

Download GSTR -9 in excel format

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Chartered Accountants need not to be a Graduate to become Registered Valuer

Valuation is a highly specialised field which can be performed by the professionals having a blend of finance, accounting and finance. Chartered Accountants are best suited for valuation as at various

Download GSTR-9C in excel format

Click here to download

Download GST-Audit Checklist in excel format issued by ICAI

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Vacancy for CA in Credit Suisse

Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to

ICAI: Know your Polling Booth Details - Elections 2018

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Income Tax Act 1961 change plan on Modi govt's agenda; Here's how you may benefit

After implementing path breaking Goods and Services Tax (GST), changing the cumbersome and archaic Income Tax Act is the next big agenda of Prime Minister Narendra Modi-led Union Government. While addressing the tax officials' annual conference in September last year, PM Modi had called for fixing the country's tax administration by 2022. At the event, the PM had said that the

ICAI issues FAQ’s on Form GSTR - 9 – Annual Return

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Vacancy for CA in Accenture

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Long Term Capital Gains ( LTCG ) on sale of stocks - Budget 2018

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1. Introduction

Budget 2018 has proposed to delete Section 10(38) of the Income-tax Act, 1961, which has so far, provided for an exemption from tax, the Long Term Capital Gains (LTCG) arising on sale of Equity Shares or Units of an Equity Oriented Mutual Fund on which Securities Transaction Tax (STT) is

Unfinished home GST hurts

The goods and services tax (GST) on real estate projects under construction is squeezing the cash flow of realtors as many buyers are waiting for finished homes or opting for old ones to escape the tax, multiple stakeholders have told The Telegraph.
Buyers of under-construction properties, including flats, across the country are being asked to pay as

GST Practitioner Exam Guidelines

ICAI withdraws Guide on disclosure of Specified Bank Notes

Withdrawal of the Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act ,2013

The Ministry of Corporate Affairs vide notification dated March 30, 2017 notified “Companies (Audit and Auditors) Amendment Rules, 2017” and “Amendment to Schedule III to the Companies

Which Form is applicable for GST Annual Return? What is the due date of filing the same? Daily Quiz (26/11/2018) win free talk time for correct reply

The member providing the first correct reply shall receive free talk time worth Rs.10 award.


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Vacancy for CA/CMA/CS in Kamdhenu Steel

₹7,00,000 - ₹10,00,000 a year

Finalization of monthly/Quarterly/Annual Balance sheet. Daily/Weekly/Monthly MIS. Excellent

Income Tax Dept sells shares of Cairn Energy to recover retrospective tax

Weeks before an international arbitration tribunal rules on retrospective tax levied by India, the Income Tax Department has sold almost all of Cairn Energy Plc's attached shares to recover a part of the Rs 10,247 crore retrospective tax demand, regulatory filings showed.
While the Indian government had used a 2012 legislation to tax certain past income of at least half a

Delayed loan EMI? Cough up 18% GST on penal interest

The GST Authority for Advance Rulings (GST-AAR), Maharashtra, has held that penal interest paid by a customer for delay in payments of equated monthly instalments to a finance company is subject to GST.
Experts hold that this ruling, which has recently been made publicly available, will pinch the pockets

Technical Guide on Annual Return and GST Audit by ICAI

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Society for Promotion of IT in Chandigarh (SPIC) inviting applications for Consultant Chartered Accountant (CA)

Apply

Vacancy for CA in Glass Wall Systems

Salary

:

Negotiable

Role &
Responsibility

How to curtail office gossip

There's an easy way to tell whether your office has a gossip problem, said Heather Kephart, CPA: Listen for the whispering.
"There's no good reason to whisper unless you're in a library," said Kephart, director of financial reporting at Koniag Inc., an Alaska Native Corporation headquartered in Kodiak, Alaska. "It creates

Credit shall be allowed on the stock of coal on which Clean Energy Cess has been paid in the erstwhile law and thus payment of Compensation Cess under GST shall not be required if the assessee has proper documents to claim th e credit of such cesses paid – Delhi High Court

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Withdrawal of the Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 - (23-11-2018)

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NFRA to punish Chartered Accountants for signing balance Sheets Blindly

The National Financial Reporting Authority ( NFRA ), the new regulatory would take stern action against the chartered accountants who sign the balance sheets without proper checking.
This body will essentially monitor the accounting and auditing standards and also take disciplinary

Vacancy for CA in UNICEF

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Centre To Reward Income Tax Officers, Experts Fear Return Of "Terror Regime"

The highest targets set for mopping up the arrears is set for the Mumbai region -- Rs. 1.56 lakh crore.

Alarmed by the rising mountain of direct taxes stuck as arrears or in litigation, the Finance Ministry has come up with incentives/rewards for ‘performance by appellate income tax officers in order to

New return forms and lower refund outgo to push up GST collections

Revised and simpler tax return forms as well as lower refunds will likely boost revenue collection from Goods and Services Tax (GST), which the government expects to touch to Rs 1.5 lakh crore every month from the next financial year (2019-20).
“GST collections should be around Rs 1.5 lakh crore per month from next year. New return form will

ATF, natural gas to be brought under GST soon

The Goods and Services Tax (GST) Council is likely to bring in two petroleum products - natural gas and aviation turbine fuel (ATF) - under the ambit of the new indirect tax system soon.
“Among petroleum products, ATF and natural gas are easier candidates for inclusion under GST. It will be taken up and approved by the (GST) Council as early as possible,” a senior government

Vacancy for CA in JP Morgan Chase

Location: Mumbai, MH, IN

Job Category: Accounting/Finance/Audit/Risk

The incumbent will be responsible for assisting with creating the Firm wide Expense Analysis report among other critical functions within the Corporate Planning & Analysis (P&A) group.  The position will work closely

CONTRACT FOR INTERNAL AUDIT FOR Rashtriya Chemicals And Fertilizers Limited

• Rashtriya Chemicals And Fertilizers Limited, Mumbai, Maharashtra (16 Nov 2018) CONTRACT FOR INTERNAL AUDIT FOR ISO 27001 AND ONE DAY TRAINING AT RCF, TROMBAY UNIT.
  Address :
  

Service charge not distributed to workers by restaurants liable to income tax: CBDT

Service charge collected by hotels and restaurants but not passed on to staff and workers will be liable to income tax in the hands of such entities, the tax department has said. The department has asked the field offices to examine the books hotels and restaurants to see if there is any 'under

Annual return tab enabled on GST portal

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Annual return tab enabled on GST portal; FIEO appreciates the initiative
The Goods and Services Tax Network (GSTN) has enabled the option of

IBC: Where corporate debtors issued cheques on several occasions but requested not to present same and ultimately cheques were dishonoured, there being default amounting to lacs of rupees, application to initiate CIRP was to be admitted

IBC: Where corporate debtors issued cheques on several occasions but requested not to present same and ultimately cheques were dishonoured, there being default amounting to lacs of rupees, application to initiate CIRP

Vacancy for CA/Semi qualifieds and articleship in G P Kapadia & CO

Job Description: Required audit exposure under ERP for manufacturing and service industries and willing to travel. Required for Direct and indirect taxation department too.

JobTitle: CA and Semiqualified

Experience Required: Freshers and experienced

Minimum Education: IPCC cleared and CA. For Articleship as per ICAI guidelines

Job location: Mumbai

Company's/Employer's Address:

Chartered Accountant comes up with book on GST

Chartered Accountants S Neelakantan, Sumit Kedia, V Pattabhi Ram, Indian Bank Chairman T N Manoharan and Commissioner of GST & Central Excise- Chennai South Commissionerate, K M Ravichandran during the launch of the book on GST in Chennai recently.

Chennai: Introduction of GST has resulted in revamping and redesigning of the entire existing

Vacancy for CA/CPA/CMA/CWA in Maersk

Finance and Accounting Process works on accounting processes from regions including America, Europe, Africa and Asia. The team has an active participation in the corporate drive for process standardization and enhancements, which has resulted in higher efficiencies, uniformity of

E-Way Bill-GST Alert! This Modi govt action plan will make tax theft impossible

In a bid to check GST evasion and also facilitate the faster movements of goods, the Union government's Revenue department is now planning to integrate the e-way bill with NHAI's FASTag mechanism, DMICDC's Logistics Data Bank (LDB). This plan comes as the government has become

Stock Market snapshot (22/11/18)

https://investise.blogspot.com/2018/11/stock-market-snapshot-221118.html

CBDT’s Draft Notification on Amendment in PAN Application Forms

CBDT has issued draft Notification on proposed amendments in PAN Application Forms 49A/ 49AA and IT Rule 114, whereby furnishing of father’s name shall not be mandatory for a person whose mother is a single parent. Also, CBDT has proposed to amend timeline for PAN application/

Tender For Appointment Of Internal Auditor Of Pfccl For Financial Accounts And Internal Financial Controls

• Pfc Consulting Limited, New Delhi (17 Nov 2018) Tender For Appointment Of Internal Auditor Of Pfccl For Financial Accounts And Internal Financial Controls For The Period From 01.10.2018 To 30.09.2019.
  Address :
  

Tractor Cess not leviable on part and accessories of Tractor

M/s Gatiman Auto Pvt. Limited Vs CCE & CGST (CESTAT Delhi)

The issue before us is to decided as to whether the tractor cess is leviable on the part and component of the tractor cleared by the appellant. After going through the case laws cited and circular issued by the Ministry of Finance, it is clear that part and accessories etc. of the tractor cannot be compared

Valuation of Supplies under UAE VAT

Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation of supply under VAT?What will be included in the value of taxable supply on which VAT is calculated?

If the entire consideration is monetary, the value of supply shall be the consideration less tax. Normally the consideration is considered inclusive of tax unless expressly it is stated to be exclusive

Coca cola pays Settlement money towards sexual haressment to Sushmita Sen not a income under income tax: ITAT Sushmita Sen case,

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Sushmita Sen case- capital receipt not liable for taxation.

Mumbai, Nov 19 (PTI) The Income Tax Appellate Tribunal (ITAT) passed an order. In the favour of Sushmita Sen. Ruling the Rs 95 lakh that the actor received from beverages maker CocaCola for

Vacancy for CA/Inter CA/ ICWA in Thomson Reuters

Assistant Controller- F&R

Job Description
“This role sits within our Financial & Risk (“F&R”) business.  On October 1, 2018, Thomson Reuters sold a 55% majority stake in F&R and entered into a strategic partnership with private equity funds managed by Blackstone, retaining a 45% interest in the business.  In India, the

This guy surprised everyone by professionals

https://newsyoucanusebeta.blogspot.com/2018/11/this-guy-surprised-everyone-by.html

Accounting Entries to be passed under GST

Introduction

Goods and Services Tax (GST) has replaced many indirect taxes, like services tax, excise duty, sales tax, VAT etc. It levies on supply of goods or services. After introduction of GST, businessmen are facing many problems and passing of accounting entries for GST is one of them.

Accounting concept under pre and post GST regime is similar, like input tax should be debited and

Vacancy for CA / CPA in Ericsson

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Job Description

Date: Nov 19, 2018
Job summary:

• Working closely with country CFO providing support to India Leadership team, we are now

GSTR 9A - AnGSTR 9A - Annual return for Composition dealers to be filed on or before 31st Dec!

Arjuna (Fictional Character): Krishna, What is the form GSTR 9A in GST?

Krishna (Fictional Character): Arjuna, The GSTR-9A is the annual return to be filed once in a year by taxpayers who have opted for the Composition Scheme under GST for the period July17 to March

HIRING OF INTERNAL AUDIT SERVICE FOR A PERIOD OF THREE (03) YEARS FOR BCPL

• Brahmaputra Cracker And Polymer Limited, Dibrugarh, Assam (06 Nov 2018) HIRING OF INTERNAL AUDIT SERVICE FOR A PERIOD OF THREE (03) YEARS FOR BCPL
  Address :
  

Secondary Adjustment – Section 92CE & Rule 10CB

Transfer pricing provisions seek to ensure that there is fair and equitable allocation of taxable profits amongst the tax jurisdictions. In cases where the underlying transaction is held not to be at arm’s length, a primary adjustment is made to align the transfer price with the arm’s length price (“ALP”) which is known as primary

Misconduct Proceedings cannot be initiated against Advocates, CAs, CMAs under VAT Act:Gujarat High Court

Pravin Natvarlal Modh Vs State of Gujarat (Gujarat High Court)

In the instant case the petitioner is holding a certificate as a sale tax practitioner from the year 1977. In 1983 he enrolled as a an advocate under the state bar council of Gujarat. The VAT authorities initiated misconduct proceedings under section 81 of the Gujarat VAT Act against the petitioner by

Aditya Birla Group to invest over $2 bn in Odisha

Aditya Birla Group Chairman Kumar Mangalam Birla on Monday announced an investment of over $2 billion in Odisha in the next two years. 

"Even as we are able to consolidate, we dream of higher growth trajectory here. We expect to invest over $2 billion here in the next two years," said

CIT cannot invoke revisionary jurisdiction against draft assessment order

M/s. Apollo Tyres Limited Vs Addl. CIT (ITAT Cochin)

A draft order, as such, is not appealable, except to be challenged by the assessee before the DRP, which exercises the power, inter alia, to make enhancement. The very rationale in the giving the

Draft MEF Panel 2018-19 is hosted

Draft MEF Panel 2018-19 is hosted@ www.meficai.org till 22nd November with category & reason.In case of any query pls mail/call at mefpdc@icai.in

https://meficai.org/

Vacancy for CA / ICWA / CFA in Deutsche Bank

Finance
It is crucial for the bank to understand how profitable each businesses activity is and Finance has a responsibility to understand precisely the resource commitment the bank makes to any given client or transaction e.g. cost, capital, funding, liquidity and risk. Finance is playing a central role in keeping