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

Click here to download

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

Your cashbacks can be taxable. Here's what you need to know

Diwali and Dussehra just passed and during the festive season retailers online as well as offline retailers offered various discount and cashback offers. Most online retailers offered some sort of cashback deals to their customers. These cashback offers seem like a good chance of saving some money on your shopping but do you know that it could also warranty an income tax notice.
Yes, for those who are not aware, cashbacks could be taxable in certain situations and if you do not

Income Tax Department raids Deepak Fertilisers and Petrochemicals Corporation's office premises, plants

Deepak Fertilisers and Petrochemicals Corporation on Friday said the Income Tax department was carrying out search and seizure operations in the company's office premises and plants since on

Fake bill racket: GST consultant behind the scam

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The accused in the scam reportedly made use of a window set by the Centre for registering new companies under the new GST regime

BENGALURU: As officials make new inroads into the massive fake invoice scam, said to be one of the largest in the country, it is now learnt that a tax consultant, Suhail, was behind the racket. Suhail,

Complexities of GST refund

It has been more than a year since the introduction of the landmark tax reform in the history of indirect taxes. The complexities in the newly introduced taxation system have increased despite multiple reforms in the law and the GSTN portal. The Government has been pro-actively

MCA and NFRA invites application from Chartered Accountants

MCA and NFRA invites application from Chartered Accountants based in Delhi/NCR having 2 to 5 years of post-qualification experience as Consultant in MCA Offices/ RD Offices/ ROC Offices/ NFRA Offices in compliance, Investigation and

Changes in E-way Bill effective from Today 16th November 2018

Changes in E-way Bill effective from Today (16th November 2018)

The National Informatics Centre E-way Bill Project has published a list of improvements in the E-way Bill under the Goods and Services Tax ( GST ) regime. The changes would be applicable with effect from 16th November 2018. As per the document issued by the NIC, the following changes will

Vacancy for CA/CMA in National Institute of Technology

Click here to apply

Assistant Registrar No. of post: 01-UR Group: A Pay Scale: Level 10 (Rs 56,100/-) Method of Recruitment: Direct Qualification: Essential: Masters degree in any discipline with at least 55% marks or its equivalent Grade in the CGPA/UGC with good academic record from a recognized University/Institute. Or Employee of the institute serving as superintendent (SGI) PB-2 with GP Rs.5400/- or Superintendent (SG 2 with GP Rs.4800/- or Private Secretary (NFG) PB with GP Rs. 5400/- or Private Secretary PB Rs. 4800/- with at least 5 years combined regular service in both the grades with master’s degree, and working performance record (APAR). Desirable: i) Qualification in area of Management /Engineering Law. ii) Experience of working in E-Office System. iii) A Chartered or cost Accountant for the post of Assistant Registrar (Finance & Accounts) Age Limit: Not exceeding 35 years

Read more at: http://www.freshershome.com/jobs/detail/government-job-notifications/140947?action=search&offset=2175#sthash.uH239j.dpuf

Assistant Registrar No. of post: 01-UR Group: A Pay Scale: Level 10 (Rs 56,100/-) Method of Recruitment: Direct Qualification: Essential: Masters degree in any discipline with at least 55% marks or its equivalent Grade in the CGPA/UGC with good academic record from a recognized University/Institute. Or Employee of the institute serving as superintendent (SGI) PB-2 with GP Rs.5400/- or Superintendent (SG 2 with GP Rs.4800/- or Private Secretary (NFG) PB with GP Rs. 5400/- or Private Secretary PB Rs. 4800/- with at least 5 years combined regular service in both the grades with master’s degree, and working performance record (APAR). Desirable: i) Qualification in area of Management /Engineering Law. ii) Experience of working in E-Office System. iii) A Chartered or cost Accountant for the post of Assistant Registrar (Finance & Accounts) Age Limit: Not exceeding 35 years

Read more at: http://www.freshershome.com/jobs/detail/government-job-notifications/140947?action=search&offset=2175#sthash.uH239j.dpuf

CHARTERED ACCOUNTANTS AUDIT FIRMS FOR CARRYING OUT THE AUDIT OF CONSUMERS’ ACCOUNTS MAINTAINED AT Dakshin Haryana Bijli Vitran Nigam Limited

• Dakshin Haryana Bijli Vitran Nigam Limited, multi location (27 Oct 2018) ENGAGEMENT OF WELL ESTABLISHED, REPUTED AND EXPERIENCE CHARTERED ACCOUNTANTS AUDIT FIRMS FOR CARRYING OUT THE AUDIT OF CONSUMERS’ ACCOUNTS MAINTAINED AT VARIOUS SUB DIVISIONS.
  Address :
  

Six income tax-saving investments under Section 80C

Under Section 80CCD(1), investment in NPS up to Rs 1.5 lakh qualifies for income tax deduction.

In a few months time, the accounts department of your organisation will seek proof of your income-tax saving investments under Section 80C and other deductions. PPF (public provident fund), ULIP (Unit Linked Insurance Plan), ELSS mutual funds (Equity Linked Savings Schemes), National

GST: HC allows adjustment of wrong payment

In what is seen as a major relief for GST assessees, especially dealers, the Kerala High Court has ruled that any GST mistakenly paid under one head can be adjusted under the correct head.
While noting that it sees no difficulty for the tax authorities to allow the petitioner’s request and get

All you need to know about tax benefits for senior, super senior citizens

Income tax laws in India have been framed so as to provide senior citizens with the maximum possible income tax benefits. Some significant benefits available to senior citizens (above 60 years of age) and super senior citizens (above 80

Casio launches two GST calculators, price starts at Rs 398

Japan-based electronics company Casio has expanded its product portfolio in India with the launch of two new GST calculators in India. These include MJ-120 GST and MJ-12GST priced at Rs 398 and Rs 475 respectively. Both calculators

Vacancy for CA in Colgate-Palmolive

Date: Nov 9, 2018

Location: Mumbai, MH, IN

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and

Vacancy for CA in Dell

Role Overview
IT Finance is looking for a Sr. Analyst, Financial Analysis to join our team in Bangalore to support L4 Segments.The primary responsibilities are managing the Opex budgets through resource level costing, Outside Services spend management, Forecast planning, Close reporting and Outlook consolidation. It further involves working closely with the segment finance controller and strategist

Builders feel the GST pinch, rush to finish high-end projects

Mumbai: Property developers are rushing to complete high-end residential projects as buyers prefer ready-to-move-in homes to save on goods and services tax (GST) for under-construction projects. 

Big and mid-sized real estate firms with healthy credit lines are speeding up

Vacancy for CA in JP Morgan Chase

Req #: 180098034

Location: Mumbai, MH, IN

Job Category: Accounting/Finance/Audit/Risk

Analyst for UK Legal Entity Control Team that includes the following functions:

 

·         FX Trade- out

·         Monitoring the integrity of the local and US books and records of the legal entity, to be executed with reference to the Legal Entity Control Standards policy and other applicable global policies, escalating issues as appropriate.

·         Perform detailed analysis of the balance sheet and P&L variances.

·         Liaise with various internal stakeholders

Whether unclaimed foreign tax credit be allowed as deduction under section 37(1)

Introduction

1. The government of the day has set-up a new task force for revising decades old Income-tax Act. The new Act will be drafted to remove the present ambiguities and to bring it at par with the International best practices. One such contentious and debatable issues existing in the Income-tax

Vacancy for CA/CMA in Amazon

Finance Analyst II

Location IN-KA-Bangalore

Posted Date 12 hours ago(05-11-2018 13:04)

Job ID

739556

Company

ADCI - Karnataka

Company/Location (search) : Country (Full Name)

India

Job Description

• Responsible for Planning, Forecasting, and Decision Support & Management reporting related

DIWALI GIFTS: IS ITC AVAILABLE? - Input Tax credit on Gifts for Diwali

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DIWALI GIFTS: IS ITC AVAILABLE?

Diwali is the time to gift to your friends, family, employees, customers and clients.

Let us have a look whether ITC is available for purchase of Diwali gifts for vendors, customers or consultants.

Section 16: Taxpayer is entitled to take ITC on tax charged on supply of goods or services which are used in the course of furtherance of business. In the course of furtherance of business: an act of

75 lakh new tax filers added to income tax list this fiscal

CBDT had set the adding of 1.25 crore new tax filers target for the taxman this fiscal.

About 75 lakh new tax filers have been added to the income tax payers list in the country this fiscal till now, a senior official said. The target for the taxman is to add 1.25 crore fresh tax filers by the end of the 2018-19 financial year that ends in March next year, as per a directive of the Central Board of Direct Taxes (CBDT).
The CBDT frames policy for the Income Tax Department (ITD).
"About 75 lakh fresh tax fliers have been added to the income tax list till now in this fiscal. A number

GST allocation: DG Audit to scrutinise accounting software of banks, telcos

Some states have expressed that they are depositing taxes in some other states where they are not due as per the GST rules and regulations of Place of Supply (PoS). Photo: Mint

New Delhi: In order to prevent incorrect allocation of GST revenue among states, the Directorate General of Audit has been asked to scrutinise the accounting software of large service providers like

Vacancy for CA in CITI

Auditor Technology Infrastructure

• Primary Location: India,Maharashtra,Mumbai
• Education: Bachelor's Degree
• Job Function: Audit
• Schedule: Full-time
• Shift: Day Job
• Employee Status: Regular
• Travel Time: Yes, 25 % of the Time
• Job ID: 18040275

Description

Job Description

Internal Audit is a global organization of over 1000 professionals covering Citi's global

The Companies Amendment Ordinance 2018

191731.pdf

Outreach programme: GST-hit MSMEs get 12-piece Diwali gift set from Prime Minister

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Bogged down by the twin blows of demonetisation and the goods and services tax (GST), the country’s micro, small and medium enterprises (MSMEs) on Friday received a shot in the arm, with the Prime Minister Narendra Modi unveiling 12 steps to support these employment-intensive units.

Besides, it will now be mandatory for all government entities and PSUs to have 25% procurement from MSMEs, against 20% now and 3% sourcing by PSUs would have to be done from MSMEs run by women.

Bogged down by the twin blows of demonetisation and the goods and services tax (GST), the country’s micro, small and medium enterprises (MSMEs) on Friday received a shot in the arm, with

For income tax ‘Judges’, hikes linked to pro-department rulings

The government has linked the appraisals of commissioners of income tax (appeals) to the number of rulings they make in favour of the tax department. This has spooked companies and tax experts who

Vacancy for CA in Deloitte

Click here to apply

GST Audit: Are You Ready?

The concept of an audit by professional accountants is not new to Indian indirect tax laws. Under the erstwhile regime too, state-level value-added tax laws required the submission of a chartered accountant-certified VAT audit report at the end of each financial year, within the prescribed timelines. Such audit compliances were introduced in VAT laws, as a

Haryana tax dept issues circular, asks officers to block input GST credit

The indirect tax department in Haryana has issued a circular, asking field officers to block input tax credit on certain conditions drawing tax experts’ flak.
Though the reasons cited in the circular issued by the excise and taxation commissioner of Haryana to block the credit may be genuine such as unutilisation of inputs for furtherance of business, an expert said input tax credits are self-certified under the GST regime as of now and should not be interpreted this way.

The other reasons for blocking credit given in the circular are bogus, or fake taxpayers, non-

How to make taxpayers comply with GST laws? CBIC now has a solution

The first meeting of the 'Nudge Team' will be called soon by the Principal Director General GST to decide on the strategy to adopt the new approach at the field level

Soon, GST officers will study the behavioural pattern of certain taxpayers to nudge them to comply with tax laws, in a departure from the current practice of focussing only on deterrent action to check evasion.
The Central Board of Indirect Taxes and Customs (CBIC) has set up a 'Nudge Team' to formulate a strategy on studying behavioural patterns of taxpayers and use segmented approach to encourage

‘Amrapali CFO gets Rs 50,000 per month, company clears Rs 2 crore as his income tax’: Forensic auditors to SC

The court is hearing a batch of petitions filed by home buyers who are seeking possession of around 42,000 flats booked in projects of the Amrapali group.
The Supreme Court on Wednesday pulled up Chief Financial Officer of the embattled Amrapali Group when forensic auditors told the court that the CFO gets a monthly salary of Rs 50,000 a month

Vacancy for CA in Boeing India Private Limited

Location New Delhi Delhi (UT) India

Job Description

Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems. We are engineers and technicians, skilled scientists and thinkers, bold innovators and dreamers. Join us, and you can build something better for yourself, for our customers and for the world.

Maintains Boeing entities accounting processes, procedures and reporting practices in accordance with Indian fiduciary and Boeing financial standards.  Executes internal controls and ensures oversight as it pertains to

I-T Dept warning to salaried taxpayers

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In the wake of the Income Tax Department’s warning to salaried taxpayers, you not only need to be tax-compliant, but also need to file your I-T returns carefully if you want to avoid the wrath of the taxmen.

Are you a salaried person, but one of those who usually conceal a part of their income from the Income Tax Department in a bid to save tax? Then you have more reason to worry. For, the I-T Department has just warned the salaried class against using illegal means while filing their income

GST collections cross Rs 1 lakh crore in October

GST collections for October 2018 have crossed Rs. 1 lakh crore

GST collections in October crossed the Rs 1 lakh crore mark, after a gap of 5 months, on the back of festive demand, anti-evasion measures.
The Finance Ministry Thursday said 67.45 lakh businesses filed goods and services tax (GST) returns

Income Tax raid at IELTS centre in city

A team of the Income Tax Department conducted a survey at an IELTS coaching centre situated near the Ajit road on Thursday.
I-T officials reached the Grey Matters IELTS centre around 10:30 am and scrutinised documents during the survey.
Records of fee collection from students were also thoroughly examined by the department officials. Sources in the department said the officials were busy comparing the I-T returns filed and income