Implementation Guide to Standard on Auditing (SA)701, Communicating Key Audit Matters in the Independent Auditor’s Report

The purpose of communicating key audit matters is to enhance the communicative value of the auditor’s report by providing greater transparency about the audit that was performed.
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Posted in Audit & Assurance |

Filing GSTR-3B is now made more User friendly

  • Fill either CGST or SGST/UGST amount, other tax will get auto filled.
  • You can now save the Form on confirming details filled in the Table. You can fill balance details later.
  • Preview Form or download it for cross verifying saved details in any table(s) anytime.
  • No more Submit requirement to freeze details and know the liability.
  • Changes in any table can be made before making payment towards liabilities.
Posted in GST |

No Service Tax On Foc Material Supplied By Service Recipient For Construction: Rules Supreme Court

In a ruling in favor of the construction industry, a two-judge bench of the Supreme Court, held that service tax cannot be levied on the value of goods/material supplied free of cost by a service recipient during construction. Continue reading

Posted in GST |

Substantial Amendments to Companies Act by Companies (Amendment) Act, 2017

Certain major changes have been brought in by the Companies Act through the Companies (Amendment) Act, 2017. These amendments will be effective from the dates notified for the same. Certain Rules have also been amended, effective from 26th Jan 2018. Continue reading

Posted in Regulatory |

25th GST Council Meeting – GST Rate Changes & Summary

The 25th GST Council Meeting was held at New Delhi on the 18th of January 2018. In addition to relaxation of GST rules and regulations, GST rates have also be reduced for various goods and services
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Posted in GST |