New GST Late Fees Waiver from Feb 2020 to July 2020 I Notification issue...

Amendments in the Indian Stamp Act, 1899 and Rules will come into effect from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty

The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect from tomorrow, i.e. 1st July 2020 vide notifications dated 30th March 2020. In order to facilitate ease of doing business and to bring in the uniformity of the stamp duty on securities across States […]

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New Process of MSME Registration takes off in the name of Udyam Registration from 1st July

As already declared by the Union Ministry of Micro, Small and Medium Enterprises (MSME), vide the Notification Dated 26th June 2020, the new process of Classification and Registration of enterprises is starting from 1st July 2020. An enterprise for this purpose will be known as Udyam and its Registration Process will be known as ‘Udyam […]

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GST: CBIC notifies Zero Late Fees on GSTR-3B with NIL Liabilities [Read Notification]

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified waive off late fees on GSTR-3B with Nill Liabilities. In a Notification issued by CBIC said that, For the period from July 2017 to Jan 2020, which is prior to the COVID period, a lot of Return Filing has been pending. For all […]

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June 29, 2020 notified as date when Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced on primary Co-operative Banks [Read Notification]

The Ministry of Finance on Monday notified that Section 4 of Banking Regulation (Amendment) Ordinance, 2020, will be enforced from  June 29, 2020, on primary co-operative banks. Section 4 of Banking Regulation (Amendment) Ordinance, 2020 sought to amend section 56 of the Banking Regulation Act, 1949.  In the opening portion, for the words “The provisions […]

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Delhi HC directs DGGI to conclude investigation within 3 months in case of wrongful availment of ITC

The High Court of Delhi, keeping in view the serious allegations of wrongful availment of Input Tax Credit (ITC) directed the Directorate General of Goods and Services Tax Intelligence (DGGI) as well as the Commissioner of CGST, Delhi to conclude the investigation in the present case within a period of three months. Searches were also […]

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CESTAT: No Sitting of Benches of the Tribunal including Regional Benches from 1 July 2020 to 15 July, 2020 due to COVID-19

The Customs, Excise, Service Taxes Appellate Tribunal (CESTAT) on Monday issued the office order which notified that There will be no sitting of Benches of the Tribunal including Regional Benches from 1 July 2020 to 15 July 2020 due to the grim situation caused by COVID 19 pandemic. However, urgent applications will be taken up […]

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Pivotal Infrastructure denied benefit of reduced ITC to Flat/Shop Buyers: NAA imposes Penalty with 18% interest

The National Anti Profiteering Authority (NAA) has found M/s Pivotal Infrastructure guilty of profiteering and directed it to return the amount flat/ shop buyers of the Gurugram project with 18% of interest. the Applicant, who is the buyer of the flat/shop has filed the alleged profiteering by the Respondent in respect of the purchase of […]

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Emaar MGF found guilty of Profiteering: NAA directs to Refund Profiteered amount to Homebuyers [Read Order]

The GST anti-profiteering authority has found real estate firm Emaar MGF guilty of profiteering and directed it to return the amount to the homebuyers. The applicants, who were the buyers of the flats, had alleged profiteering by the Respondent in respect of the purchase of flats in the “Emerald Floors Select-A” project of the Respondent, […]

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DGFT notifies Amendment in Export Policy of Personal Protection Equipment [Read Notification]

The Director-General of Foreign Trade (DGFT) on Monday notified amendment in the Export Policy of Personal Protection Equipments. The central government amended the Notification No. 14 dated June 22, 2020, amending the Schedule 2 of the ITC (HS) Export Policy related to the export of Personal Protection Equipment. The export of Personal Protection Equipment i.e […]

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Purchase Tax is leviable on Purchase Turnover of Empty Bottles for Manufacture and Sale of Beer and IMFL: SC [Read Judgment]

The Supreme Court while upholding the decision of the High Court, held that the purchase turnover of the empty bottles purchased by the assessee from the unregistered dealers under the bought note is exigible to purchase tax under Section 7-A of the Tamil Nadu Act; and the assessee cannot escape such liability on the strength of […]

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COVID-19: SEBI extends implementation Time on Guidelines for Portfolio Managers [Read Circular]

The Securities Exchange Board of India (SEBI) has extended the timeline for the applicability of its circular on ‘Guidelines for Portfolio Managers’ in the light of the market that affects the COVID-19 pandemic. It has been decided to extend the timeline for compliance with the requirements of the circular by further three months. Accordingly, the […]

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GSTR 3B due date for June 2020 I CA Satbir Singh

Three Years of GST in India: Past, Present and Expectations

The Goods and Services Tax (GST) has completed almost three years of operation. Hailed as the single-biggest tax reform, the GST was rolled out with a gong in a special session of Parliament three years ago and subsumed 17 existing indirect taxes including the excise duty and sales tax. GST was introduced as the biggest […]

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CA/ICWA vacancy in Amazon

The Amazon has invited eligible candidates for the post of Senior Corporate development Manager. Amazon.com, Inc., is an American multinational conglomerate technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, along with Google, Apple, and Microsoft. Responsibilities include […]

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CA vacancy in CX Ventures

CX Ventures Private Limited is hiring Chartered Accountants at their Gurgaon, Haryana location. Candidates with one year of experience are preferred. CX Ventures Private Limited is an unlisted private company. It was incorporated on 11 July 2013 and is located in Mumbai City, Maharashtra. It is classified as a private limited company. The company has […]

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Advance Ruling: GST on Salary of Directors / Partners, Interest, Rent and Dividend & Sale proceeds from Company Shares

A recent advance ruling issued by the Karnataka Authority for Advance Ruling covers multiple frequently asked questions and thereby assumes significance. The ruling is issued in Order No. KAR ADRG 30/20/04.05.2020 in a case where Mr. Anil Kumar Agarwal, who is not a registered person under GST but in receipt of income from various sources, has applied […]

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Chartered Accountant vacancy in Syngenta

The Syngenta has invited applications from eligible candidates for the post of Senior Global Data Expert. Syngenta is a global leader in agriculture; rooted in science and dedicated to bringing plant potential to life. Each of our 28,000 employees in more than 90 countries works together to solve one of humanity’s most pressing challenges: growing […]

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Chartered Accountant opening in Genpact

Genpact is hiring CA qualifiers for the role of Assistant Manager- Record to Report at their Hyderabad, Telangana location. Candidates with meaningful work experience are preferred. Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran […]

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CA/CWA-inter vacancy in BNP Paribas

The BNP Paribas has invited applications from eligible candidates for the post of Senior Associate. BNP Paribas is one of the best-rated banks in the world. The Group has a presence in more than 75 countries and more than 189,000 employees, including more than 146,000 in Europe. It ranks highly in its three core activities: […]

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CA vacancy at Philips

Philips is hiring CA qualifiers for the role of Senior Manager-FP&A at their Chennai branch. Candidates with a minimum of 8 years of relevant progressing work experience. They are a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment, […]

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For Removal of Name of Govt. Company from RoC, Indemnity Bond to be given under Form No. STK – 3A: MCA [Read Notification]

The Ministry of Corporate Affairs (MCA) on Monday notified that for removal of the name of Government company from the Registrar of Companies (RoC), Indemnity Bond to be given under Form No. STK – 3A. The government seeks to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016. The […]

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Towards a New Code of Damages: A Reform in the Law of Contracts

Disruptive situations produce multi-pronged consequences and COVID – 19 has brought with it a bewildering set of preponderant possibilities in the law of damages, testing its types and limits. In understanding the pandemic situation and its effects on contractual obligations, experts have pointed out the varying and fluctuating levels of the force majeure events entailing […]

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CBDT notifies Corrigendum for Notification on Extension of Due Dates under Income Tax Laws and Benami Laws [Read Notification]

The Central Board of Direct Taxes (CBDT) on Monday notified corrigendum for notification on the extension of due dates under Income Tax Laws and Benami Laws, which was notified by the Notification No. 35/2020, dated  June 24, 2020. Through Income Tax Notification No. 35/2020 dated June 24, 2020, the government extended the Due date for […]

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CBI conducts Searches in a Bank Fraud Case relating to Rs. 398.35 Cr

The Central Bureau of Investigation(CBI) has registered a case on a complaint from State Bank of India against a Delhi based private company (Borrower company) and others including its Directors, Guarantors, other private companies based at Delhi/Sonipat, and other unknown persons for causing an alleged loss of Rs. 398.35 crore (approx.) to State Bank of […]

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CBI registers Case against Delhi Based Private Company for alleged Loss Of Rs.787.25 Crore, Conducts Searches

The Central Bureau of Investigation (CBI) has registered a case on a complaint from Punjab National Bank against a Delhi based private company (Borrower company) and others including its Directors; Guarantors and other unknown persons & unknown bank officials for causing an alleged loss of Rs.787.25 crore (approx.) to Punjab National Bank and another consortium […]

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Addition u/s 68 by AO without taking approval from Pr CIT/CIT is Invalid: ITAT

The Guwahati bench of the Income Tax Appellate Tribunal (ITAT) has invalidated the addition made by the Assessing Officer without taking approval from the Pr CIT/CIT in terms of the circular issued by the Central Board of Direct Taxes (CBDT). The assessee was aggrieved by the action of the AO to have expanded the assessment […]

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Ex-parte Order for want of Vakalat by Advocate violates Natural Justice Principle: ITAT recalls its Order [Read Order]

The Income Tax Appellate Tribunal (ITAT), Guwahati has recently recalled its ex-parte order finding that it amounts to the violation of natural justice. The hearing was fixed on 19.02.2018 where the representative of the assessee filed adjournment petition and requested to fix the case on 21.02.2018. On the said date, another lawyer appeared for the […]

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Claim of Expenditure under different Head of Income won’t attract Penalty: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under section 271(1)(c) of the Income Tax Act, 1961 will not attract merely because the assessee claimed expenditure under a different head of income. The income tax return filed by the assessee was rejected by the Assessing Officer by holding that the […]

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No Penalty can be levied based on Defective Notice: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Guwahati bench has held that the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961cannot be initiated on the basis of a defective notice. Earlier, the Tribunal had allowed the appeal of the assessee and canceled the penalty levied u/s. 271(1)(c) of the Act by taking note […]

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ICAI to conduct First Virtual National CA Summit 2020

The Institute of Chartered Accountants (ICAI) of India owing to the 72nd Chartered Accountants Day is organizing its first virtual National CA Summit 2020 from 29 June to 1 July 2020. The theme of this year is “Transforming the Future: Enabling Excellence, Augmenting Trust”. The 3-day summit has been divided into different sessions and is […]

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Remedy can’t be invoked by making High Court as middle authority between Commercial Tax Authority and Appellate Authority: Karnataka HC [Read Order]

The High Court of Karnataka held that the writ remedy cannot be invoked by making the High Court as a middle authority or cannot be placed in between Commercial Tax Authority and Appellate Authority as per Section 107 of the Central Goods and Services Tax Act. The petitioner, M/s. L&T Hydrocarbon Engineering Limited Modular Fabrication […]

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CBIC issues Internal Instruction on TRAN-1 writ petition filed in various High Courts

The Central Board of Indirect Taxes and Customs (CBIC) issued the internal instruction on the TRAN-1 writ petition filed in various High Courts. A number of the writ petition, PIL and appeals have been or are being filed in the various High Courts by taxpayers who were not able to carry forward or transition the […]

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COVID-19: SEBI relaxes Time gap between two Board / Audit Committee Meetings

The Securities Exchange Board of India (SEBI) relaxed the requirement of the maximum stipulated time gap of 120 days between two meetings of the board and Audit Committees of listed entities, as is required under Regulation 17(2) and 18(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). This relaxation is provided for […]

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SC asks ICAI to modify Notification and be Flexible on CA Exam ‘Opt-Out’ Option

The Supreme Court of India on Monday said that the Institute of Chartered Accountant of India (ICAI) must be flexible on the Chartered Accountant (CA) Exam ‘Opt-Out’ option and directed the institute to modify the related notification. The exams for the exam cycle of May 2020 are scheduled to be held between July 29 and […]

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Financial Analyst vacancy in Utkarsh Small Finance Bank

Utkarsh Small Finance Bank Limited is hiring Chartered Accountants for the role of Financial Analyst at their Mumbai location. Candidates with 5 to 10 years of experience preferably in the Banking Industry are required. Utkarsh Small Finance Bank is a proud solitary Small Finance Bank from Varanasi. Established in 2009 with the mission to empower […]

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Company Secretary vacancy in UTIITSL

The UTI Infrastructure Technology And Services Limited is hiring Company Secretary in the grade of Vice President(Officer Grade) on a regular basis. Candidates with 12 years of relevant work experience with a medium or large-sized reputable organization are required. There is only one vacancy available. UTI Infrastructure Technology And Services Limited (UTIITSL) is a Government […]

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Financial Controller vacancy in UBS

The UBS Recruiting India has invited eligible candidates for the post of Financial Controller. The UBS Group AG is a Swiss multinational investment bank and financial services company … Among the bank’s other major recruits during this period were Olivier Sarkozy, Ben Lorello, Blair Effron, and Jeff McDermott. By 2003 Job Role Responsible for generating timely and accurate […]

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CBIC clarifies on Cross Empowerment of Central/State Officers under GST [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) has issued a letter dated June 22, 2020, addressing the Principal Director regarding reference form DGGI on cross empowerment of Central and State officers under Goods and Service Tax (GST) regime. Issues raised in the reference is whether intelligence-based enforcement actions initiated by the Central Tax […]

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CA/CMA vacancy at NyKinSky & Co

NyKinSky & Company is hiring CA/CMA qualifiers. The vacancy is available at Bangalore, Mumbai, Hyderabad, Delhi-NCR, Chennai, Patna, Kolkata, Ranchi, and Pune. They are also providing Work from Home facility till the COVID 19 situation gets under control. Candidates with at least 3 years of relevant experience in the finance function are required. NyKinSky & […]

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Chartered Accountant openings in Gujarat State Petronet Limited (GSPL)

The Gujarat State Petronet Limited (GSPL) & its Subsidiary Company seeks eligible professionals to the post of Senior Officer. The Gujarat State Petronet Ltd. (GSPL), a GSPC Group Company is having the mandate of laying the high-pressure cross-country pipeline across the State of Gujarat. GSPL has successfully created a has Grid of approx. 2700 km […]

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Chartered Accountants openings in Wells Fargo

The Wells Fargo & Co are hiring CA qualifiers for the role of Work Director 1 at their Bangalore location. Candidates with 6 to 7 years of relevant experience are required. Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in […]

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CA vacancy in Swiss Re

The Swiss Re has invited applications from hardworking and motivated individual to join the L&H Accounting and Closing team in Financial Accounting Technical. The Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a […]

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CENVAT Credit can be claimed within three years from the Appointed Date: Calcutta HC directs to Reopen form GST TRAN II [Read Order]

The High Court of Calcutta ruled that in terms of the residuary provisions of the Limitation Act, the period of three years should be the guiding principle, and thus a period of three years from the appointed date would be the maximum period for availing of such CENVAT credit. The High Court directed the GST […]

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PwC hiring Tax Managers

The PwC India is hiring CPA qualifiers for the role of Tax Manager at their Bengaluru location. Candidates having more than 6.5 years of relevant experience in US IAS Tax are required. PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships under the PwC brand. PwC ranks […]

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FinOps Manager vacancy in Amazon

Amazon has invited applications from interested candidates for the post of FinOps Manager. Amazon.com, Inc., is an American multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, along with Google, Apple, and Microsoft. Responsibilities Leading and developing […]

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Delhi HC grants stay against NAA order upholding Profiteering against Philips India [Read Order]

The High Court of Delhi while admitting a petition assailing the order of the National Anti Profiteering Authority (NAA)  against Philips India upholding profiteering on sale of the food processor, granted an interim stay on NAA’s direction with relation to the imposition of interest, penalty and further investigation into ‘other impacted products’ by DGAP until […]

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CBIC further extends Period to Pass Order for Refund of Unutilised ITC till Aug 30, 2020 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday notified the further extension of the period to pass orders relating to refund of unutilized Input Tax Credit (ITC) under Section 54(7) of CGST Act, till August 30, 2020. The Board seeks to amend Notification No.46/2020-Central Tax, dated  June 9, 2020, which sought to […]

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Late Fee for Default / Delay in submitting TDS Statement is Mandatory, can’t be avoided even Assessee has reasonable cause: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the levy of late fee under section 234E of the Income Tax Act, 1961 for the delay or default in submitting the TDS statement is mandatory under the law and having a ‘reasonable cause’ for such default is not a valid […]

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Three Years of GST under Three Finance Ministers

The Goods and Services Tax ( GST ), with its historic rollout, promised to change the conventional methods prevailed in the old tax regime. One of the key objectives of the GST was the removal of all non-tariff barriers, such as check posts, entry tax, etc., so that movement of goods across states could be […]

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GST Dates Extended to 31st Aug 2020 I New Notification issued I CA Satbi...

Employees eligible to claim Exemption for Tour, Travel and Conveyance Expenses incurred officially in Alternate Tax Regime: CBDT notifies Income-tax (13th Amendment) Rules, 2020

The Central Board of Direct Tax (CBDT) on Friday notified the Income-tax (13th Amendment) Rules, 2020. Those who opting alternate tax regime u/s. 115BAC of the Income Tax Act are eligible to claim the exemption for Tour, Travel, and Conveyance Expenses incurred officially. The Board sought to amend the Income-tax Rules, 1962, shall come into […]

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No TDS on Payment of Foreign Agency Commissions: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the payment towards foreign agency commission is not subject to tax deduction at source (TDS) under the provisions of the Income Tax Act, 1961. The assessee was aggrieved with the order of the Assessing Officer wherein it was noticed that the […]

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GSTR 1 NIL filing by SMS enabled on GST Portal I CA Sartbir Singh

GST: CBIC further extends Time Limit for Completion or Compliance of any Action, till Aug 30, 2020 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday notified the further extension of the limit for completion or compliance of any action, till August 30, 2020. The Board seeks to amend Notification 35/2020-Central Tax, dated April 3, 2020, which sought to extend the due date of compliance which falls during the period […]

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Radicon Infrastructure & Housing denies benefit of ITC to buyers of Flat under Project ‘Vedantam’: NAA imposes Penalty [Read Order]

The National Anti-Profiteering Authority (NAA) observed that the M/s Radicon Infrastructure & Housing Pvt. Ltd. denied the benefit of Input Tax Credit (ITC) to buyers of flat under Project ‘Vedantam’. So the penalty under Section 171(3A) read with Rule 133 (3)(d) of the CGST Act, 2017 is imposed. The Applicant, Amarjeet Singh Yadav alleged profiteering […]

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CBIC to roll out Facility to File Nil Form GSTR-1 through SMS

In a major move towards GST taxpayers’ facilitation, the Central Board of Indirect Taxes and Customs ( CBIC ) has decided to provide the facility of SMS filing of NIL statement of FORM GSTR-1 from 1″ week of July 2020. The Central Board of Indirect Taxes and Customs (CBIC) said that the filing of NIL […]

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New Summary Chart for GST Interest & Late Fees for GSTR 3B & GSTR 1 fil...

Udyam Registration: New Enterprise can be Registered just on basis of Aadhaar Number [Read Notification]

The Central Government on Friday notified new norms to allow online registration of new enterprises based on self-declaration, doing away the requirement to upload documents and certificates, from July 1, 2020. This does away with the requirement of uploading certificates and documents. As per officials, the norm could be allowed as the Udyam registration process […]

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Tax Analyst vacancy in EY

Ernst & Young (EY) is hiring a Tax ACR – Advanced Analyst for multi-country Corporate/ Statutory reporting process including the Financial Statement Close process. EY is dedicated to helping organizations solve their toughest challenges and realize their greatest ambitions – from start-ups to Fortune 500 companies – and the work with them in varied sectors. […]

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Manager Accounts Payable at Phillips

Phillips Machine Tools India Pvt Ltd is looking for professionally qualified as Accounts & Finance person in the corporate sector to handle the accounts department for.CNC Location: Navi Mumbai Qualification: Chartered Accountant, Expert in MS Excel, Working Knowledge of AX Dynamic, Experience: 03– 05 years or more CTC: as per market standard. Phillips Corporation is […]

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Lead Financial Regulation Analyst vacancy in Deutsche Bank

Deutsche Bank is hiring a lead Financial Regulation Analyst where the candidate will be accountable for managing financial control functions. Deutsche Bank is Germany’s leading bank with strong positions in Europe and a significant presence in the Americas and the Asia Pacific. We’re driving growth through our strong client franchise, investing heavily in digital technologies, […]

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CA Inter Vacancy at BNY Mellon

BNY Mellon is hiring a candidate for Fund Reporting – S3 to support and process accounting statements on behalf of BNY Mellon clients. As a global investments company, BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments, and safeguards nearly one-fifth […]

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Finance Intern opening in Intel Corporation

Intel is hiring finance intern who will be working in the accounting function. This role is specifically for fixed assets accounting. Responsibilities will include local GAAP FA preparation & identifying opportunities to align US GAAP & Local GAAP policies. The role involves interacting with multiple business units in relation to asset movements from a local […]

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Big Change in GSTR3B interest and Late Fees calcuation I New GST Circula...

Accounts Manager vacancy in Lenovo

The Lenovo has invited applications from qualified Chartered Accountants for the post of Accounts Manager. Position Description: Responsible for the preparation of financial statements as per IND-AS & IGAAP. Coordination with internal and external auditors and ensuring a smooth completion of audit within the agreed time frame. Responsible for preparing high-quality metrics for Balance Sheet […]

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Co-Operative Banks come under RBI: Centre notifies Banking Regulation (Amendment) Ordinance, 2020 [Read Notification]

The Ministry of Law and Justice on Friday notified the Banking Regulation (Amendment) Ordinance, 2020. The Government introduces Banking Regulation (Amendment) Ordinance, 2020 so to bring the co-operative banks on par with the developments in the banking sector through better management and proper regulation of co-operative banks with a view to ensure that the affairs […]

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CA Exams: SC issues notice to ICAI on Petition seeking stay On ‘Opt-Out’ Scheme [Read Order]

The Supreme Court of India has issued notice to Institute of Chartered Accountants of India ( ICAI ) on a petition filed by President of India Wide Parents Association seeking a stay on “Opt-Out” Scheme. A Petition has been filed in the Supreme Court seeking more centres and a stay on the ‘opt-out’ scheme for […]

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GST Evasion: Karnataka Tax Department unearths 60 GST Registrations linked to Chinese National in Bengaluru

The Commercial Tax Department in Karnataka has unearthed 60 goods and services tax (GST) registrations linked to a Chinese national from Wuhan and seized Chinese goods worth INR 4 crore from an undeclared warehouse in Bengaluru during a raid. The tax department officials found 25,446 China-made electronic and fast-moving consumer goods worth  INR 4 crore […]

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ICAI announces Certificate Course on Forex and Treasury Management

The Committee on Capital Market and Investors Protection of Institute of Chartered Accountants of India (ICAI) has announced its 2nd batch of Online Certificate Course on Forex and Treasury Management. It will start from 27th June to 1st August 2020 at 10:00 AM to 2:00 PM. Course Fee is priced at Rs. 5,900 (inclusive of […]

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Level up in your Corporate Life: Crash Courses for CS from ICSI

The Institute of Company Secretaries of India (ICSI) is conducting short term courses on for ICSI members. Currently, it offers 2 courses – Corporate Meeting and Secretarial Audit, Report, and Certifications respectively. The courses will be offered through online mode on the ICSI LMS platform (also available through Android and IOS App). The duration will […]

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TDS on Payment Gateway Charges by MakeMyTrip: ITAT asks AO to comply with HC Guidelines [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed the plea of Make My Trip, deleted the order of the assessing officer making addition on account of TDS on payment gateway charges, directed to follow the guidelines issued by the Delhi High Court earlier in the year 2017. The assessee, MMT […]

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COVID 19: Cost Accountants Institute issues Advisory on Disclosures in Audit Report [Read Advisory]

The Technical Cell (Cost Audit & Statutory Compliances) of the Institute of Cost Accountants of India (ICAI) has published the Advisory on Disclosures in the Audit Report in light of the Lockdown due to COVID 19 Pandemic. It has considered the adverse impact of travel restrictions due to the lockdown faced by the Professionals to […]

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New GST Order I restart cancelled GST registration I CA Satbir Singh

CA Exams: ICAI again extends Opt-Out option

The Institute of Chartered Accountants of India ( ICAI ) has again extended the Opt-Out option till 30th June 2020 (Tuesday) up to 11.59 PM. In continuation to Important Announcement dated 21st June 2020, in which students (who had already submitted online examination application for May 2020 Examination cycle) were given an option to decide […]

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CBDT notifies Income Tax Exemption to RERA [Read Notification]

The Central Board of Direct Taxes (CBDT) on Thursday notified income tax exemption to  ‘Real Estate Regulatory Authority(RERA)’, constituted by Government in the exercise of powers conferred under Section 20(1) of the Real Estate (Regulation and Development) Act, 2016 as a ‘class of Authority’ for the purpose of exemption under section 10(46) of the Income […]

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CBIC notifies Central Goods and Services Tax (Removal of Difficulties) Order, 2020 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) on Thursday notified the Central Goods and Services Tax (Removal of Difficulties) Order, 2020. The Board with the objective of removal of difficulties clarified that for the purpose of calculating the period of thirty days for filing an application for revocation of cancellation of registration under […]

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NAA imposes Penalty on Elegant Properties for denying benefit of ITC to Buyers of Flats [Read Order]

The National Anti-Profiteering Authority (NAA) imposed the penalty on M/s Elegant Properties for denying the benefit of Input Tax Credit (ITC) to buyers of flats. The Applicant, Kamal Nayan Singhania alleged profiteering by the Respondent, M/s Elegant Properties in respect of the purchase of a flat in the project “Elegant Berkeley” situated at, Bangalore North. […]

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Chartered Accountant vacancy in SBICAP Securities

The SBICAP Securities Limited has invited applications from eligible candidates for the post of strategy manager. The SBICAP Securities Ltd (SSL) is the stockbroking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. Founded in 2006, the company’s services include Institution Equity, Retail Equity, […]

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Transfer of Goods by way of Hiring is Transfer of Right to Use Goods, doesn’t fall within ‘Declared Services’: CESTAT [Read Order]

The Customs, Excises, and Service Tax Appellate Tribunal (CESTAT) quashed the demand of the GST Department and held that transfer of goods by way of hiring is the transfer of right to use goods, doesn’t fall within ‘declared services’. The appellants, M/s. Universal Dredging and Reclamation Corporation Ltd. were awarded dredging activity in the dock […]

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Transactions through Current Accounts for Business purposes isn’t ‘Deemed Dividend’: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the transactions carried out through current account for business purposes would not fall within the definition of “Deemed Dividend”. So Section 2(22)(e) of the Income Tax Act, 1961, would not apply. The assessee, M/s. Exotica Housing & Infrastructure Company is engaged in the business of […]

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COVID-19: CBIC clarifies Various Measures announced by Government for providing Relief to Taxpayers [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) on Thursday issued the clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of the spread of the Novel Corona Virus (COVID-19). The Board issued Circular No. 136/06/2020-GST, dated April 3, 2020, on the subject issue clarifying […]

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DGFT to launch New Platform and Digital Delivery of IEC related Services on July 13, 2020 [Read Circular]

The Directorate General of Foreign Trade (DGFT) on Thursday issued a trade notice relating to the launch of a new digital platform on July 13 the first phase of which will cater to the services related to the issuance of Import Export Code (IEC), modification, amendment processes along with a Chatbot, which is a virtual […]

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CBIC notifies corrigendum for Amended GST Rates under GST Composition Scheme and Waiver of Late Fee for delay in filing GSTR-1- March to June 2020

The Central Board of Indirect Taxes and Customs (CBIC) on Friday issued the Corrigendum for the amended GST rates under GST Scheme and Waiver of late fee for delay in filing GSTR-1– March to June 2020 which was notified by the Notification No. 50/2020-Central Tax Dated June 24, 2020, and Notification No. 53/2020-Central Tax Dated […]

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Credit to your Financial Knowledge: National Quiz on IBC

To promote awareness and understanding of the Insolvency and Bankruptcy Code (IBC), 2016 among various stakeholders across the country, the Insolvency, and Bankruptcy Board of India (IBBI) has launched an online Quiz in collaboration with MyGov.in. The Quiz is open from 1 July 2020 to 31 July 2020. It is open to Indian citizens aged […]

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Chartered Accountant opening in Bajaj Allianz

The Bajaj Allianz Life Insurance Company Limited has invited applications from eligible candidates with a post-experience of 5-8 years The Bajaj Allianz Life Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz. Bajaj Allianz Life Insurance offers insurance products for financial planning and life insurance. […]

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CA / ICWA vacancy in Capegemini

The Capgemini has invited applications from interested candidates for the post of F& A Delivery Head. The Capgemini SE is a French multinational corporation that provides consulting, technology, professional, and outsourcing services. It is headquartered in Paris, France. Capgemini has over 270,000 employees in over 50 countries, of whom nearly 120,000 are in India. Job […]

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CA vacancy at Husk Power

Husk Power System Private Ltd is hiring Chartered Accountants with 3 to 8 years of experience at their Patna location. Husk is one of the world’s leading rural energy providers. We provide low-cost and reliable power through solar energy to rural households and businesses, entirely from renewable energy sources. Powering economic possibilities in every village. […]

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CA/CMA vacancy at IBM

IBM India Private Limited is hiring CA/CMA qualifiers for the role of Senior Practitioner/Lead/Professional- F&A Delivery at their Bengaluru location. Candidates with 2 to 6 years of experience are required. IBM has been present in India since 1992. IBM India’s solutions and services span all major industries including financial services, healthcare, government, automotive, telecommunications, and […]

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Audit Manager vacancy at Accenture

Accenture is hiring CA qualifiers for the role of Audit Manager at their Mumbai location. Candidates with 3 to 5 years of experience are required. Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology, and operations, with digital capabilities across all of these services. […]

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New Dates for Income Tax Return 2020 I Investments I Deductions I TDS Re...

Pune Customs intercepts and Detains people carrying Narcotic Drugs, Seizes Goods worth ₹ 2.1 crore

Pune Customs has seized narcotic drugs worth ₹ 2.10 crore, in an operation conducted in Pune yesterday (June 24, 2020). Commending Pune Customs, the Union Finance Minister Smt. Nirmala Sitharaman has asked them to keep up the good work. Narcotics Cell, Pune Customs had received a specific input regarding trafficking of narcotic drugs loaded on […]

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Sale in Transit under the GST Law – With Real Life Examples and Case Law

Sale in transit means interstate sale effected by transfer of documents of title to goods when the goods are in movement from one State to another. It is a situation where selling the goods by a buyer before reaching the same to him by instructing the seller to deliver the goods to a different buyer. […]

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Tax Regime for Indian Seafarers: Income Tax Guide, 2020

June 25, 2020, is the Day of the Seafarer, an annual and international event day coordinated by the International Maritime Organisation (IMO). Last year’s Day of the Seafarer celebrated seafarers and recognized the unique contribution made by seafarers from all over the world to international seaborne trade, the world economy, and civil society as a […]

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GSTR 1 Late Fees waived I Notification issued I CA Satbir Singh

15 CA/ICWA /CA (Inter)/ICWA (Inter)/CS(inter) openings in HITES

The HITES – HLL Infra Tech Services Ltd is hiring experienced professionals in various posts. The HLL Infra Tech Services Limited, known as ‘HITES’ is a 100% subsidiary of HLL Lifecare Limited ( A Mini Ratna PSU) under Ministry of Health and Family Welfare, Government of India. HITES is specifically positioned towards absorbing the requirements […]

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CA Inter / CMA Inter vacancy in Deloitte

The Deloitte has invited applications from candidates eligible for the post of Analyst. The Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. […]

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CA Intermediate vacancy in EY

The EY has invited applications from eligible applicants for the post of Executive. The Ernst & Young Global Limited Liability Partnership, commonly known as Ernst & Young or simply EY, is a multinational professional services firm headquartered in London, England, United Kingdom. EY is one of the largest professional services firms in the world. Responsibilities […]

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Accenture hiring CA/CA- inter

The Accenture has invited applications from qualified chartered accountants with a minimum post-experience of 3-5 years. The Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions […]

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West Bengal Govt. extends Tax Dispute Settlement Scheme

In view of COVID 19 pandemic and Amphan, the state government has extended the term of its tax dispute settlement scheme by two months- from June 30 to September 30, 2020. Initially, the scheme was extended to June 30 from March 31. According to a circular issued on June 24 only 25% of the disputed tax […]

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Payment of GST by Real Estate Promoter / Developer, in case of shortfall from Threshold from 80%, GST Form DRC-03 can be used to pay Tax Electronically: CBIC

The Central Board of Indirect Taxes and Customs ( CBIC ) on Wednesday issued instructions regarding the payment of GST by real estate promoter/developer supplying construction of residential apartments etc, shall use the form DRC-03 to pay the tax electronically on the common portal by June 30, 2020, on the shortfall value from the said […]

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CA / CS / CMA vacancy in IBM

IBM has invited applications from eligible candidates for the post of Group Manager. The IBM Services is a team of business, strategy, and technology consultants that design, build, and run foundational systems and services that is the backbone of the world’s economy. IBM Services partners with the world’s leading companies in over 170 countries to […]

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Finance Manager vacancy in Cummins

The Cummins has invited applications from chartered accountants for the post of Finance Manager. The Cummins in India a power lead is a group of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering […]

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CA / CPA vacancy in Netapp

The Netapp India Private Limited has invited applications from qualified candidates with a post-experience of 5-8 years. Netapp India Private Limited creates innovative storage and data management solutions that help our customers accelerate business breakthroughs and achieve outstanding cost efficiency. Our dedication to principles of simplicity, innovation, and customer success has made us one of […]

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Senior Analyst vacancy in Wipro

The Wipro has invited applications from eligible candidates for the post of senior analyst. The Wipro is an Indian multinational corporation that provides information technology, consulting, and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately-owned Wipro Enterprises. Job description Financial Accounting & […]

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GSTR 3B Late Fees & Interest waived / Reduced I Notification issued I CA...

Finance Ministry extends deadline of Aadhaar-PAN Linking [Read Notification]

The Finance Ministry has extended the deadline of the Aadhaar-PAN linking till 31st March 2021. Earlier, the Ministry had extended the due date for linking Aadhaar with PAN from March 31, 2020, to June 30th, 2020. Under the provisions of recently introduced section 139AA of the Income Tax Act, 1961, with effect from 01.07.2017, all […]

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Govt notifies Relief on GST Returns [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) waived off the late fee and interest on the filing of GSTR-3B and GSTR-1as per the recommendations of the GST Council. The Board also notified the extension of due dates for filing GSTR-3B for the period in which businesses were affected due to the COVID-19 outbreak. […]

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New GST Rates for Composition Scheme from 1.4.2020 Notified I CA Satbir ...

Finance Ministry notifies Extension of various Time Limits under Direct Tax & Benami Laws [Read Notification]

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 [the Ordinance] on 31st March, 2020 which, inter alia, extended various time limits. In […]

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Petition in Supreme Court to stay CA opt-out Exam Scheme [Read Petition]

A Petition has been filed in the Supreme Court seeking more centres and a stay on the ‘opt-out’ scheme for about 4.67 lakh CA aspirants for examination to be conducted between July 29 and August 16 amid the COVID-19 pandemic. The petition, which is scheduled to come up for hearing in the coming days, claimed […]

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2% Interest Subvention approved on Prompt Repayment of Shishu Loan under Pradhan Mantri Mudra Yojana for a period of 12 months: Finance Ministry

The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved a scheme for interest subvention of 2% for a period of 12 months, to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers. The scheme will be extended to loans that meet the following criteria – outstanding as on […]

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Cabinet decides to bring Co-operative Banks under RBI through an Ordinance

The Union Cabinet under the Chairmanship of Prime Minister Narendra Modi has decided to bring Co-Operative Banks under the Reserve Bank of India through an Ordinance. Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI),” Javadekar said today. These […]

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Complaint against Chairman/Director of Company isn’t maintainable in Absence of Company being arraigned as an Accused: Madhya Pradesh HC [Read Order]

The High Court of Madhya Pradesh held that in the absence of the company being arraigned as an accused, a complaint against the Chairman or Director of the company was therefore not maintainable under Section 138 of the Negotiable Instruments Act. The respondent, Sai Traders is a trading firm and filed a complaint through its […]

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MCA notifies Extra Time to existing Independent Directors for clearing Online Examination [Read Notification]

The Ministry of Corporate Affairs (MCA) on Tuesday has issued Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020. The Central government notified that the Rules will be applicable from June 23, 2020, and by this Registration of details of Independent Directors in Independent Directors Data Bank who were director on 1st December 2019 […]

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MCA notifies Extended Relaxation for all the Board Meetings through Video Conferencing [Read Notification]

The Ministry of Corporate Affairs (MCA) on Tuesday notified the extension of the relaxation for all the Board meetings to approve its financial statements through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) to be conducted till September 30, 2020. The central government amended the Companies (Meetings of Board and its Powers) Rules, 2014 and […]

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Amazon hiring Chartered Accountants

Amazon is hiring CA qualifiers for the role of Process Automation and Controls AP Manager at their Hyderabad location. Candidates with 6 or more years of relevant professional experience are required. Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Its mission […]

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18% GST is applicable on Mehendi / Henna Powder: AAR [Read Order]

The Rajasthan Authority of Advance Ruling (AAR) ruled that Mehendi /Henna powder is covered under Chapter 33 and will attract GST @18% (CGST 9% and SGST 9%). The applicant, Sunil Kumar Gehlot is engaged in the manufacture of hair dye powder in Sojat city. The applicant intends to manufacture Mehandi/henna powder in the future and […]

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5% GST is applicable on Psyllium Husk Powder: AAR [Read Order]

The Rajasthan Authority of Advance Ruling (AAR) ruled that Psyllium Husk Powder, a preparation made from Psyllium Plant or its parts is classifiable under HSN 12119032 and attracts 5% GST. The applicant, Sarda Bio Polymers Pvt. Ltd is engaged in the manufacture of Psyllium Husk Powder in Pali having GST registration. The applicant intends to […]

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SEBI notified Issue of Capital And Disclosure Requirements (Second Amendment) Regulations, 2020 [Read Notification]

The Security and Exchange Board of India (SEBI) on Monday notified the Issue of Capital And Disclosure Requirements (Second Amendment) Regulations, 2020, whereby new proviso has been inserted which states pricing norms in the preferential issue of shares of companies having stressed assets. The Board seeks to amend the Securities and Exchange Board of India […]

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Senior Finance Manager vacancy at Syngene

Syngene is hiring CA qualifiers for the role of Senior Manager – Business Finance at their Bangalore Location. Candidates with excellent performance record with 7 to 10 years experience on Business Finance. Incorporated in 1993, Syngene International Ltd. is an innovation-focused global discovery, development and manufacturing organization providing integrated scientific services to the pharmaceutical, biotechnology, […]

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Chartered Accountant / CFA opening in Citigroup

The Citigroup Inc. and its subsidiaries have invited all qualified and interested applicants to apply for career opportunities. Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. Job Purpose  Performs relatively complex […]

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Michelin India not eligible for Deduction of Expenses incurred for Sales Promotion in Indian Market: ITAT [Read Order]

In a setback to Michelin, world-renowned tires of cars, the Income Tax Appellate Tribunal (ITAT), Delhi has held that the Company is not eligible for a deduction of expenses incurred for sales promotion in the Indian market. The assessee is a trader in tires of the “Michelin” brand in India. The assessee claimed that it […]

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Petition seeking GST TRAN-1 Re-opening: Delhi HC awaits SC decision [Read Order]

The High Court of Delhi is awaiting the decision of the Supreme Court on the issue relating to GST Authority to open a portal to enable the taxpayers to seek transitional CENVAT Credit lying as a credit balance in its account instead of inadvertently claimed by it. The petitioner, Scandia Motorcar Pvt. Ltd. by way […]

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GST Tax Invoice Rules during Lockdown I CA Satbir Singh

CA / CS / ICWA vacancy in PwC

The PricewaterhouseCoopers has invited applications from eligible candidates with a post-experience of 1-3 years. The PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services firm network in the world and is considered one of the Big […]

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SEBI notifies Substantial Acquisition of Shares and Takeovers (Second Amendment) Regulations, 2020

The Security and Exchange Board of India (SEBI) on Monday notified the Substantial Acquisition of Shares And Takeovers (Second Amendment) Regulations, 2020. The Board seeks to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In regulation 10 a new sub-regulation (2A), “any acquisition of shares or voting […]

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GST Registration is required for Medical Stores run by Charitable Trust: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) that the medical Store providing medicines at a lower rate amounts to the supply of goods and GST Registration is required for medical stores run by Charitable Trust. The applicant, M/s Nagri Eye Research Foundation is a Charitable Trust and is running a medical store where medicines are […]

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TDS on Cash Withdrawal w.e.f. 1 July 2020: All You Need to Know

The Finance Act, 2020 tightened the existing provisions for those who have not been filing income tax returns. This will be applicable from July 1, 2020. Section 194N for deduction of tax at source (TDS) on cash withdrawals exceeding Rs. 1 crore was introduced by the Finance Minister in the Union Budget 2019. This section […]

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SEBI announces Relaxations for Listed Companies having Stressed Assets

The  Securities  Exchange Board of India ( SEBI ) has announced relaxations in the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferential issues from open offer obligations in such cases, with immediate effect. Relaxations Eligible listed companies having stressed assets will be able to determine pricing of […]

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COVID-19: ICSI extends provision of making e-MSOP accessible to all Eligible Students

The Institute of Company Secretary of India(ICSI) issued the circular wherein it extended the provision of making e-MSOP accessible to all eligible students and submission of first and second quarterly reports up to September 30, 2020. “This is in continuation of our earlier circular no. ICSUTrg/e-MSOP/2020 dated 31.03.2020 and ICSI/Trg/QR/2020 dated 17.04.2020 wherein the students […]

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No GST on Security Service and Supply of Manpower to Government Departments: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) ruled that the applicant is eligible to claim exemption benefit for the supply of manpower, security service provided to Central Government, State Government, Local Authorities, Governmental Authorities, Government Entities, subject to the condition that the services provided in relation to any function entrusted to a Panchayat under Article […]

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DGFT clarifies on Issuance of Preferential Certificate of Origin for India’s exports to Vietnam under ASEAN-India FTA [Read Circular]

The Directorate General of Foreign Trade (DGFT) on Sunday, clarified on Issuance of Preferential Certificate of Origin for India’s exports to Vietnam under the ASEAN-India Free Trade Agreement (FTA). The issues have been raised by various representatives regarding difficulties in obtaining preferential access in Thailand and Vietnam on the basis of digitally signed electronic Certificates […]

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CBIC to continue with Procedure for Transhipment of Export Cargo from Bangladesh to Third Countries through LCS [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) on Monday issued the procedure for a Pilot on Transhipment of Export Cargo from Bangladesh to third countries through Land Customs Stations (LCS) to Kolkata Port / Airport, in containers or closed bodied trucks. Earlier the Board issued the Circular dated November 2, 2018, so as […]

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18% GST on Popcorn manufactured by Heating of Raw Corn/Maize Grain: AAR

The Gujarat Authority of Advance ruling (AAR) ruled that J.J.’s Popcorn is manufactured from raw corn/maize grains, which, by heating turn into puffed corns/popcorns and then to make it palatable other ingredients like salt and turmeric powder along with oil are added to it fits the description as ‘Prepared foods obtained by the roasting of […]

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7 CA / ICWA posts at Bangalore Metro Rail

The Bangalore Metro Rail Corporation Limited (BMRCL) invites applications from eligible candidates on contract basis / from serving employees on deputation basis from Government departments, PSUs and Banks subject to meeting educational and experience criteria, as on the last date for submission of application. The contract will be initially for 3 years for candidates below […]

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18% GST on Supply, Erection, Testing and Commissioning of Materials/Equipment for providing Rural Electricity Infrastructure: AAR [Read Order]

The Rajasthan Authority of Advance Ruling (AAR) ruled that Supply of Materials/Equipment and Erection, Testing and Commissioning of Materials/Equipment supplied in a first work order in building of rural electricity infrastructure is a Composite supply of Works Contract, and are liable to be taxed 18% of GST (CGST 9% and SGST 9%). The Applicant, ARG […]

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CA/CMA fresher vacancy at Tata Steel

Tata Steel is hiring CA/CMA qualifiers for the role of Manager Accounts at their Jharia, Bhamnipal branch. Candidates with 0-3 years of experience are invited. Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel Group is among the top-ten global steel companies with an annual crude steel capacity of over 29 […]

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GST Annual Return FY 2018-19 Due dates & requirements I CA Satbir Singh

CBIC Enables End to End Paperless Exports under Turant Customs

Shri Ajit Kumar, Chairman, Central Board of Indirect Taxes, and Customs (CBIC) here yesterday unveiled a Secure QR coded Shipping Bill that would be electronically sent to exporters after the Customs allows export. This eliminates in one stroke the requirement of the exporters having to approach the Customs officers for proof of export. This also […]

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SBI recruiting CA qualifiers

State Bank of India(SBI) is inviting application from desired CA/MBA (Finance) qualifiers for the role of SME Credit Analyst. Candidates around 25 to 35 years of age with a minimum of 3 years of work experience are preferred. The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. […]

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CA vacancy at Icon PLC

Icon Clinical Research India Pvt Ltd is hiring CA/CMA qualifiers for the role of Finance Manager at their Chennai branch. Candidates with 6 to 11 years of experience are preferred. ICON plc, a leading global Contract Research Organisation employing 14,000 people in 40 countries. ICON is a global provider of outsourced development services to the […]

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EY offering Internship to CA / ACCA freshers

Ernst and Young are inviting CA/ACCA freshers for Assurance Internship at their Chennai and Bangalore branches. The internship contract duration is for 3 – 4 months. EY is a global leader in assurance, tax, transaction, and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and […]

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NAA imposes Penalty on Whirlpool for denying benefit of Rate Reduction of GST to Consumers [Read Order]

The National Anti-Profiteering Authority (NAA) imposed the penalty on Whirlpool for denying the benefit of a rate reduction of Goods and Service Tax (GST) to consumers. The Applicant referred a case to the Standing Committee on Anti-profiteering against the Respondent, Whirlpool alleging profiteering on the supply of ‘Refrigerator Whirlpool FP313D Protton Roy Mirror’ (HSN code […]

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Faceless, Contactless, Paperless Customs: CBIC decided to rely on Digital Copies of Shipping Bills from June 22, 2020 [Read Circular]

The Central Board of Indirect Taxes and Customs (CBIC) on Monday issued a circular wherein it is decided to rely upon digital copies of the Shipping Bill and do away with the requirement of taking bulky printouts from the Service Centre or maintenance of voluminous physical dockets in the Custom Houses. The Board directed that […]

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CCI dismisses Abuse of Dominance Complaint against Swiggy [Read Order]

The  Competition Commission of India (CCI) The Competition Commission has disposed of a complaint of unfair business practices against Swiggy. The ruling came on a complaint that alleged Swiggy charges unreasonable and unfair prices from the customers. The competition watchdog ruled that it is satisfied with Swiggy’s submission that it has no role to play […]

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ITAT Special Bench to consider whether Stay can be granted without 20% Deposit: TATA Education Trust gets Interim Relief [Read Order]

Granting an interim relief to Tata Education and Development Trust, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has referred the issue whether a stay can be granted by it without the taxpayer having to deposit 20% of the disputed amount, to the special bench. Meanwhile, this Trust will have to set aside about Rs […]

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No ITC available on Renting of Motor Cab Service for Transportation of Employees: AAR [Read Order]

The Authority for Advance Ruling(AAR), Himachal Pradesh ruled that no Input Tax Credit (ITC) will be available for a registered taxpayer renting transportation for employees which is not obligatory under any law, for the time being in force. The applicant Prasar Bharti Broadcasting Corporation Of India (All India Radio), Shimla is a public service broadcaster […]

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Navbharat LPG Bottling Company liable to pay 18% GST on LPG sold to Commercial & Domestic Customers: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) ruled that Navbharat LPG Bottling Company is liable to pay 18% GST on LPG sold to  Commercial & Domestic Customers. The applicant is eligible to take the entire input cenvat credit @ 18% on purchases of LPG Gas in bulk. The applicant, M/s. Navbharat LPG Bottling Company is […]

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ICAI extends CA Exam ‘opt out’ window

The Institute of Chartered Accountants of India ( ICAI ) has extended the CA Exam ‘opt-out’ window for July 2020 CA Exams. In continuation to Important Announcement dated 15th June 2020, in which students (who had already submitted online examination application for May 2020 Examination cycle) were given the “Opt-Out” option and carry forward their […]

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MCA again extends Period for Filing of Names for Companies and Re submission of Forms

The Ministry of Corporate Affairs (MCA) has extended the period for filing of names for companies and re-submission of forms. For names reserved for 60 days for change of name of the company, INC-24 needs to be filed within 60 days of name reservation. MCA has said that names expiring any day between March 15, 2020, […]

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ICMAI postpones CMA Examinations June, 2020

The Institute of Cost Accountants of India ( ICMAI ) has postponed the CMA Examinations for June 2020 TermDue to the outbreak of Novel Coronavirus (COVID-19) in the country. The ICMAI has said that it has been decided to further postpone the examinations of the Institute of Cost Accountants of India for the June 2020 […]

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Service of Transportation of Goods in Barrages from Mother Vessel to daughter Vessel doesn’t falls under ‘Inland Waterways’, No Exemption: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) that the service of transportation of goods from Magdalla Port, Surat to its General Lighterage Area of Magdalla Port is not covered under exemption contained at Sr. No. 18 of Notification No. 12/2017-Central Tax (Rate). the service of transportation does not fall in the definition of ‘Inland waterways’. […]

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28% of GST is applicable on Manufacturing of Change over Switch, Emulator, Timing Advance Processor, Pressure Gauge: AAR

The Gujarat Authority of Advance ruling (AAR) that the 28% (14% SGST and 14% CGST) of Goods and Service Tax (GST) is applicable to the manufacturing of Change over switch, Emulator, Timing Advance Processor, and Pressure Gauge. The applicant, M/s. Shree Mohit Rameshpal Gupta is engaged in the business of manufacturing different types of model […]

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Dwelling Units measuring less than 60 sq. mtrs. to qualify as ‘Affordable Housing Project’: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) ruled that the benefit of the reduced rate as provided under Entry Number 3(v)(da) of the Notification No.11/2017-Central Tax (Rate) as amended by Notification No.01/2018-Central Tax (Rate) dated January 25, 2018, available for houses constructed with a carpet area of 60 square metres per house and the applicant […]

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RBI changes Mode of Payment Norms under FEMA Regulations [Read Notification]

The Reserve Bank of India (RBI) notified the amendment in the mode of payment norms under Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019. The RBI has notified the Foreign Exchange Management (Mode of Payment and Reporting of Non- Debt Instruments) (Amendment) Regulations, 2020 whereby amendment has been made to […]

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CMA/CA vacancy in Macwell Auto Engineering Pvt Ltd

The Macwell Auto Engineering Pvt Ltd has invited applications from eligible candidates with a post-experience of 7-12 years. The Macwell Auto Engineering Pvt Ltd is an organization serving the bearing industry with its best rolling elements. Job description Heading Accounts & Finance department of the company directly reporting to Senior Management of the company. Direct […]

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Chartered Accountant / Company Secretary vacancy in Thermopads

The Thermopads has invited applications from eligible candidates for the post of senior director. The Thermopads, the flagship company of Thermo Group, established in 1978 by two young and qualified technocrats from the Indian Institute of Technology with a vision to achieve recognition worldwide as “The Heating People”. Requirements/Qualifications Chartered Accountant/Company Secretary/ MBA degree and/or […]

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CA vacancy at KPMG

KPMG Global Services is hiring CA/CPA/ACCA qualifiers for the role of Associate Director in the Statutory Accounting team at their Gurgaon, Haryana branch. Candidates with 9 to 12 years of experience are required. KPMG Global Services (KGS) is a strategic global delivery organization that engages with KPMG member firms to provide innovative, scalable, and customized […]

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CA Vacancy at State Trading Corporation

The State Trading Corporation India Ltd is hiring CA qualifiers for the role of Financial Regulatory Reporting – (S-489) at their Bangalore, Karnataka branch. Candidates with 2 to 5 years of experience in banking or financial services are preferred. The State Trading Corporation of India Limited, together with its subsidiary, SCTL Limited, operates as an […]

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Railtel Corporation of India isn’t ‘Government Authority’, 12% Tax applicable on Works Contract Services: AAR [Read Order]

The Gujarat Authority of Advance ruling (AAR) ruled that M/s. Railtel Corporation of India Ltd. does not fall under the category of ‘Government Authority’, so the applicant is liable to pay 12% GST. The applicant, M/s. Shree Hari Engineers & Contractors are engaged in the business of providing works contract services. They have been awarded […]

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CA vacancy in ITC Hotels

The ITC Hotels has invited applications from eligible candidates with a minimum post-experience of 2 years. ITC Hotels is India’s third-largest hotel chain with over 100 hotels. It is based in the Hotels Division Headquarters at Kolkata, West Bengal. It is part of the ITC Limited group of companies. ITC Hotels is regularly voted amongst […]

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L&T AUDCO hiring CA/ICWA qualifiers

L&T AUDCO is hiring CA/ICWA qualifiers for the role of Team Lead – FactSet Fundamentals at their Hyderabad, Telangana location. Candidates with a minimum of 5 years of experience with at least 1 year super are preferred. L&T AUDCO is a leading Valve manufacturer, with a strong presence in India & overseas. Their vision to […]

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CA / CMA vacancy in HDFC

The HDFC Bank has invited applications from interested candidates for the post of Manager HDFC Bank Ltd was promoted in the year 1994 by the premier housing finance company of the country, HDFC Ltd. The Bank commenced operations as a Scheduled Commercial Bank in January 1995. Job description Acquisition of new asset relationships through various […]

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Som Pro hiring CA/ICWA qualifiers

Som Pro Facilities India Private Ltd is hiring CA/ICWA qualifiers at their New Delhi location. Candidates with 2 to 4 years of experience are required. Candidates who are comfortable working 6 days a week and in stretching working hours. Since its inception in the year 2001, SOM PRO Group is known as one of the […]

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CA vacancy at Laxmi Steels

Laxmi Steel Overseas Private Ltd is hiring Inter CA/Qualified CA at their Koramangala, Bangalore location. Female candidates who are up to immediate joining are preferred. Candidates with 4 to 6 years of experience are needed. Laxmi Steel Overseas Private Limited is promoted by Mr. Mahesh Kumar Gupta, a well-known figure in the Iron & Steel […]

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Chartered Accountant Vacancy in Manba Finance

The Manba Finance Ltd (MFL) has invited applications from eligible candidates with a post-experience of 0-5 years. The Manba Finance Ltd (MFL) incorporated in the year 1996 is registered as a non-deposit taking NBFC with Reserve Bank of India. It is one of Mumbai’s leading non-banking finance companies spread across Mumbai. Headquartered in Mumbai, Mulund […]

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Capital Gain Tax not leviable merely on Registration of Sale Deed: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that the capital gain tax would not attract merely based on the fact that the sale deed is registered and the transfer could not be completed due to non-fulfillment of payment obligations. The assessee transferred his land through a registered sale deed for […]

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DGFT issues Advisory on Fake Email IDs/Websites claiming to be Govt officer responsible to DGFT/GSTN Refunds [Read Advisory]

The Directorate General of Foreign Trade (DGFT) on June 11, 2020, issues advisory on fake Email IDs/Websites/Persons claiming to be government officer responsible for DGFT/GSTN refunds or providing services for issuance of Import and Export Code (IEC) and other services of DGFT. The trade stakeholders are being allegedly misled by bogus websites claiming to provide […]

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Tobacco Products likely to get Damaged, so must me Release after Payment of Tax and Penalty: Gujarat HC [Read Order]

The High Court of Gujarat denied interfering with the impugned show cause notice issued by the authority under Section 130 of the CGST Act, however, it noted that Tobacco products are likely to get damaged upon the onset of monsoon, so must be released after payment of Tax and Penalty. The writ applicant, Om Sai […]

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2 Apartments in Same Building is 1 Residential Unit, to Compute Capital Gain Deduction: Karnataka HC [Read Judgment]

The High Court of Karnataka, while quashing the ITAT held that assessee entitled to the benefit of exemption under Section 54F(1) of the Income Tax Act, 1961 as the assessee owns two apartments of 500 square feet in the same building and it has to be treated as one residential unit. The assessee, Navin Jolly […]

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COVID-19: MCA extends Time for Creation of Deposit Repayment Reserve of 20% and to Invest or Deposit 15% of Amount of Debentures [Read Circular]

The Ministry of Corporate Affairs (MCA) on Friday further extended the time from June 30, 2020, to September 30, 2020, for creation of a deposit repayment reserve of 20% under Section 73 (2) (C ) of the companies Act 2013 and to invest or deposit 15% under Rule 18 of Companies (Share Capital and Debentures) […]

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CA vacancy at Real Page Inc

Real Page Inc is hiring CA qualifiers for the role of Staff Auditor at their Hyderabad, Telangana location. Real Page is an American multinational corporation that provides property management software for the multifamily, commercial, single-family, and vacation rental housing industries. Steve Winn is Chairman of the Board & Chief Executive Officer. Real Page was founded […]

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CA/CPA vacancy in Medline

The Medline Industries India Pvt. Ltd is seeking interested candidates for the post of Lead Financial Analyst. The Medline Industries India Pvt. Ltd. is engaged in providing offshore business support services to Medline Industries Inc. & its global associate companies in the area of Information Services, Finance & Business processes Management. Medline Industries India Private […]

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CA/CFA vacancy in Credit Suisse

The Credit Suisse has invited applications from eligible candidates to work in Pune. Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, our operation has a global reach and extends to about 50 countries worldwide across mature and emerging markets with more than 45,000 employees from over […]

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Benami GST Registration: Kerala to Conduct Verification in premises of Newly Registered Persons under Central Jurisdiction [Read Circular]

The Commissioner of State Tax, Kerala issued circular empowering the enforcement squads to conduct verification in the business place of such new GST registration under Central Jurisdiction also. The Commissioner of State Tax, Kerala issued instructions to the Registering Authority measures to prevent evasion of tax by the way of Bogus and Benami GST Registration. […]

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Eway Bill Changes on Eway bill portal I CA satbir Singh

ICSI allows One More Attempt of CS Exams under 2012 Old Syllabus

The Institute of Companies Secretaries of India ( ICSI ) has allowed one more attempt of CS Exams under 2012 Old Syllabus. The Institute has decided that the students of the Executive and Professional Programme (2012 old syllabus) shall be allowed one more attempt during the December, 2020 session of examinations. Accordingly, Students of Executive […]

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Accountant vacancy at Mastercard

Mastercard is hiring Senior Accountant, Settlement- 1 at their Global Business Service Center. The job is located at their Pune, Maharashtra branch. Mastercard Incorporated (stylized as MasterCard from 1979 to 2016 and MasterCard since 2016) is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York, United States. […]

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CA vacancy at Credit Access Grameen Limited

Credit Access Grameen Limited is hiring Chartered Accountants at their Bangalore branch. Candidates with at least 1-2 years of experience are required. Credit Access Grameen Limited (formerly known as Grameen Koota Financial Services Pvt. Ltd.) is a microfinance institution providing a wide range of financial services to the rural poor and low-income households particularly women. […]

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GSTR 3B changes and Due Dates from feb 2020 to May 2020 I CA Satbir singh

GSTR 3B changes and Due Dates from feb 2020 to May 2020 I CA Satbir singh

Guarantee Fee is not ‘Interest’ under India-Netherlands DTAA: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the guarantee fee paid by the assessee-Company to a Netherland based Company is not taxable as “interest” under the provisions of the Double Taxation Avoidance Agreement (DTAA) between India and Netherlands. The assessee was aggrieved by the order of the assessing officer disallowing guarantee […]

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Finance Manager vacancy in Amazon

Amazon has invited eligible candidates for the post of Finance Manager. Amazon.com, Inc., is an American multinational conglomerate technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, along with Google, Apple, and Microsoft. Responsibilities Leading and developing a […]

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CA vacancy at SG Analytics

SG Analytics is hiring CA qualifiers for the role of Analyst at their Pune branch. SG Analytics is one of the leading research and analytics companies to offer of data-centric research and contextual analytics services. With its presence in the US, the UK, Switzerland, and India, SG Analytics offers research and analytics services to its […]

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CA/CMA vacancy at Flex

Flex Ltd is hiring CA/CMA qualifiers for the role of Manager- Finance Center of Excellence at their Chennai branch. Candidates with at least 8 to 10 years of experience are required. Flex Ltd (previously known as Flextronics International Ltd. or Flextronics) is a Singaporean-domiciled multinational electronics contract manufacturer. It is the third-largest global electronics manufacturing […]

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Vivo Mobile hiring CA qualifiers

Vivo Mobile Private Limited is hiring CA qualifiers for the role of Finance Manager at their Pune branch. Candidates are required to have 4 to 8 years of experience. Vivo is a Chinese multinational manufacturer of smartphones headquartered in Dongguan, Guangdong province, China. Founded in 1995, Vivo entered the telecommunication and consumer electronics industry with […]

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State Street hiring CA qualifiers

State Street is hiring CA qualifiers for the role of Assistant Manager (Global Accounting Operations – Specialized Accounting). Candidates with at least 8 years of experience are preferred. State Street is a leading service provider of financial services to institutional investors worldwide. In a rapidly changing marketplace, the strength and stability of your financial services […]

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ICAI will Publish CA Exams Results within 15-20 days after Examinations

The Institute of Chartered Accountants of India ( ICAI ) will publish the CA Exams Results within 15-20 days after the examinations. The ICAI President, CA Atul Kumar Gupta said that ICAI has initiated the next-generation KPIs in its services to the Members and Students may it be on TAT or qualitative; taking delivery to […]

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CA / ICWA / ACS vacancy in PwC

The PricewaterhouseCoopers (PwC) has invited applications from eligible candidates. The PricewaterhouseCoopers is a multinational professional services network of firms headquartered in London, United Kingdom, operating as partnerships under the PwC brand. PricewaterhouseCoopers (PwC) US’s Advisory Bangalore Service Delivery Center (SDC) is the natural extension of PwC’s leading-class global delivery capabilities. Roles/Responsibilities Responsible for planning and executing SAP […]

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CA vacancy at RMS

RMS is hiring CA qualifiers for the role of Senior Accountant at their New Delhi branch. The candidates are expected to have at least 3 to 4 years of experience. RMS was founded in 1989 by Stanford scientists who created our first model for California Earthquake. Today, RMS has some 1,300 employees across 13 offices […]

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CBIC notifies FORM GSTR-3B and FORM GSTR-1 can be verified through EVC for Companies [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) on Friday notified that FORM GSTR-3B and FORM GSTR-1 can be verified through Electronic Verification Code (EVC) for Companies till Septemeber 30th, 2020. The Central Government notified the Central Goods and Services Tax (Sixth Amendment) Rules, 2020. The notification seeks to amend the Central Goods and […]

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NDTV liable to pay Capital Gain Tax on Sale of Shares: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the New Delhi Television Ltd (NDTV) is liable to pay capital gain tax in respect of the sale of its shares. The assessee is engaged in the business of television news broadcasting through its three different channels namely NDTV 24 x […]

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Supply made under the AFC project would qualify as ‘Composite Supply’, 18% GST applicable: AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that the main purpose of the Automatic Fare Collection (AFC) )system is to compute the fare automatically and issue tickets along with the integration of the system with the banks, the most appropriate HSN classification is to be ‘8470’. Considering the rate of GST prescribed for HSN […]

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‘Construction of a Complex intended for Sale to a Buyer’ is covered under ‘Construction Services’, GST applicable: AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that the activity of the sale of developed plots would be covered under the clause ‘construction of a complex intended for sale to a buyer’, so this activity is covered under ‘construction services’ and GST is payable on the sale of developed plots in terms of CGST […]

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No ITC available on Project Development Services for Development of SIPC: AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that the Input Tax Credit (ITC) shall not be available under the CGST Act, 2017, on the project development services like Programme management consultancy, Marketing Consultancy, Land levelling and other related works, Roads, Water, Electricity, and Drainage Infrastructure and other related works for the development of the […]

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18% GST applicable on Royalty Paid for Licensing Services for Right to Use Minerals including its Exploration and Evaluation: AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that 18% of GST is applicable to the royalty paid for Licensing services for the right to use minerals including its exploration and evaluation. The applicant, M/s. Raj Quarry Works is a partnership company. The applicant is carrying out mining activity on a plot of land leased […]

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18% GST is applicable on Rice Bran (22+oil): AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that the product Rice Bran(22+oil) shall be classified under Chapter heading 38259000 and attracts rate 9% of Central Goods and Service Tax (CGST)and 9% State Goods and Service Tax (SGST) i.e. a total of 18% GST under vide Sr. no. 98 of Schedule III of notification no.1/2017-Central […]

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Interest on PPF, Savings, Personal Loans etc., to be used for calculating GST Registration for Individuals: AAR [Read Order]

The Authority for Advance Ruling (AAR) while considering an application by an individual ruled that the value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, will be included along with taxable supplies while calculating the threshold limit for obtaining GST registration. The individual, in his application, had disclosed […]

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Each Scheme of Angel Fund is Independent Scheme with its own set of Investors: SEBI

The Security and Exchange Board of India (SEBI) issued the letter to Ankur Fincom Private Limited and clarified that each scheme of an angel fund is an independent scheme with its own set of investors. The subject matter was related to the request for interpretive letters under the Securities and Exchange Board of India (Informal […]

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ITC on Gifts and Free Samples/Sales promotion in GST I CA Satbir Singh

Services of OIDAR, Business Auxiliary Service or Club and Association Service provided by NSDL are Taxable: CESTAT [Read Order]

The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) while ordering the re-quantification of the demand held that Services of online information and database access or retrieval (OIDAR), business auxiliary service or club and association service provided by National Securities Depository Ltd. (NSDL) is apt of “provision and transfer of information and data processing”, classifiable under […]

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[Breaking] Supreme Court stays Delhi HC Judgment directing Dept to open GST TRAN-1 till 30th June 2020

The Supreme Court of India today stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th June 2020. Transition Form of TRAN-1 is filed by those taxpayers who are eligible to claim the credit on the tax already paid in the pre-GST regime. In order to claim […]

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Making a Wrong Claim not amount to ‘concealment of inaccurate information’, No Penalty: Bombay HC [Read Order]

The Bombay High Court held that making a wrong claim is not at par with concealment or giving inaccurate information which may call for levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961. The assessee, Ventura Textile Ltd. is a resident company. The assessee filed its return of income declaring total loss. […]

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Law Officer vacancy Himachal Pradesh Staff Selection Commission

The Himachal Pradesh Staff Selection Commission has invited Online Applications for direct recruitment of Law officer posts using the website of Himachal Pradesh Staff Selection Commission i.e. https://ift.tt/2xhlDlB. The online application can be filled up from 22.06.2020 to 21.07.2020 till 11:59 PM, thereafter website link will be disabled. The Himachal Pradesh Staff Selection Commission (HSSC) […]

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Dividend bearing Securities should be considered for Disallowance under Rule 8D(2)(iii) of the Income Tax Rules says ITAT in PwC case

The Income Tax Appellate Tribunal (ITAT) in the PwC case held that dividend-bearing securities should be considered for disallowance under Rule 8D(2)(iii) of the Income Tax Rules. The appellant PricewaterhouseCoopers Private Limited is in the business of providing, inter alia, management consultancy services, and also accounting and business advisory services. The Company’s operations are segregated […]

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Chartered Accountant vacancies in Meesho

The Meesho has invited applications from eligible candidates for the post of Senior Manager /Business Finance. The Meesho is building a disruptive distribution channel via social selling on WhatsApp, Facebook, and other social channels. Meesho has so far enabled 15,000 suppliers and 2,000,000 resellers to start and grow their online business without any investment, providing […]

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Chartered Accountant openings in Mayur Batra Group

The Mayur Batra Group has invited applications from eligible candidates for several departments The Mayur Batra Group Overview MB Group has a team of highly qualified and skilled professionals having rich experience in accounting, bookkeeping, management services, HR recruitment, advisory, consultancy services, and payroll processing. Openings Are In Following Departments Statutory Audit: Experience in Stat Audit […]

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GST Registration in 3 days I CA Satbir Singh

CA/ICWA Inter vacancy in Bayer

The Bayer has invited applications from qualified candidates for the post of Manager. The Bayer is a global company with a more than 150-year history and core competencies in the Life Science fields of health care and agriculture. Our products and services are designed to benefit people and improve their quality of life. TASKS AND […]

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Goods purchased, Sold Overseas liable to GST in India: Gujarat AAR [Read Order]

The Gujarat Authority of Advance Ruling (AAR) ruled that goods and services tax (GST) will be payable on goods sold to an overseas customer shipped directly from an overseas vendor, while the location of the supplier continues to be in India. The Authority further clarified that GST is not payable on goods procured from vendors […]

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GST Authority must Open Common Portal by Friday to upload Form GST TRAN-1: Delhi HC [Read Order]

The High court of Delhi directed the Goods and Service Tax (GST) Authority to enable the facility of online portals by Friday so as to ensure the uploading of Form GST TRAN-1, for claiming CENVAT tax credit. The petitioner, Mangla Hoist P. Ltd sought directions to the respondents/Union of India; Commissioner, CGST, Delhi South; Superintendent […]

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Punjab and Haryana HC directs GST Authority to permit the Upload of TRAN-I by June 30, 2020, in case of failure ITC can be availed [Read Order]

The High Court of Punjab and Haryana directed the Goods and Service Tax (GST) Authority to permit Petitioner to upload TRAN-I on or before June 30, 2020, and in case Respondent fails to do so, the Petitioner would be at liberty to avail ITC in question in GSTR-3B of July 2020. The Petitioner, Amba Industrial […]

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Air India hiring CA/ICWA qualifiers

Air India Express Limited is inviting applications from  Indian Citizens (wherever domiciled) fulfilling the requirements as on June 01, 2020, for the posts of Manager- Finance Grade M-4 and Manager – Finance grade M-3. The job is located at Mumbai, Maharashtra. Manager Finance – Grade M-4 No of Posts Available:3 Qualifications required: CA Minimum 10 […]

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Chartered Accountant vacancy in Flipkart

The Flipkart has invited applications from a qualified chartered accountant for the post of Senior Manager. The Flipkart Ethics & Compliance program is designed to manage the compliance risks associated with 14 different subject areas, ranging from Anti-corruption to Food Safety. Flipkart is an Indian e-commerce company based in Bangalore, Karnataka, India. It was founded by […]

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Interactive Brokers hiring Tax Analyst

Interactive Brokers are hiring tax analyst. Chartered Accountant with 1-2 years of experience in accounting or Graduate with 4-5 years of experience in taxation from the financial service industry is required. Interactive Brokers a subsidiary of publicly-traded Interactive Brokers Group, Inc., based in Greenwich, Connecticut (NASDAQ: IBKR) is a low-cost provider of trade execution and […]

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Alcon hiring Indirect Tax Manager

Alcon is hiring CA qualifiers for the role of Manager – Indirect Taxation at their Bangalore location. Candidates with at least 8 years of experience in GST filing in a Trading/manufacturing environment. Alcon is the global leader in eye care, dedicated to helping people see brilliantly. With their 70 plus year heritage, they are the […]

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Audit Manager vacancy in Deloitte

The Deloitte has invited applications from candidates eligible for the post of Audit Manager. The Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent […]

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Chartered Accountant,Cost Accountant vacancies in Swiss Re

The Swiss Re has invited applications from eligible candidates for different posts in Bengaluru. The Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate […]

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ATMs are Computers, Entitled to a Higher Rate of Depreciation: Karnataka HC [Read Judgment]

The High Court of Karnataka held that a computer is an integral part of an ATM machine and on the basis of information processed by the computer in an ATM machine only, the mechanical function of the dispensation of cash or deposit of cash is done. So, ATMs are computers and are entitled to a […]

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CS Exams 2020: ICSI allows Carry Forward the Fees of June 2020 session to December Session

The Institute of Company Secretaries of India ( ICSI ) has allowed to carry forward the fees of the June 2020 exam session fee to December 2020 exam session. As the students are aware, the June 2020 Session of CS Examinations is now re-scheduled to be held in the month of August 2020 due to […]

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CA vacancy at Youngman India Pvt Ltd

Youngman India Pvt Ltd is hiring Chartered Accountants at their Greater Noida location. Candidates with 8 to 10 years of experience are required. Youngman India was founded in 1926, Youngman is one of the most respected work at height companies in the world. Since 2010, Youngman India has served the Indian market with the same […]

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SEBI notifies Substantial Acquisition of Shares and Takeovers (Amendment) Regulations, 2020 [Read Notification]

The Security and Exchange Board of India (SEBI) on Tuesday notified the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2020. The notification seeks to amend the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In regulation 3, in sub-regulation (2), the following […]

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SEBI notifies Real Estate Investment Trusts (Second Amendment) Regulations, 2020 [Read Notification]

The Security and Exchange Board of India (SEBI) on Tuesday notified the Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2020. The notification seeks amends the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. In the Securities and Exchange Board of India (Real Estate Investment Trusts) […]

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GST Party Wise Consolidated Working in Excel Sheet I CA Satbir Singh

ICAI allows Generation of UDIN in Bulk for Certificates

The Institute of Chartered Accountants of India ( ICAI ) has allowed the Generation of UDIN in Bulk for Certificates. A provision for generating UDIN in bulk for Certificates has been incorporated in UDIN Portal. Using this facility now the members will be able to generate UDIN in bulk (until 300 UDINs) for various types […]

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CA vacancies at Bank of America

Bank of America is hiring CA qualifiers for the role of Assistant Manager at their Gurgaon, Haryana location. Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products […]

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CA vacancy at Barclays

Barclays is hiring CA qualifiers for the role of Analyst at their Pune location. In India, Barclays plc is one of the largest UK employers and employs over 23,000 people spread across its banking, technology, and shared services operations. Job Description The main purpose of the role involves handling & clearance of the Key Risk […]

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Calcutta HC quashes Custom’s Summon against TMC MP Abhishek Banerjee’s Wife [Read Order]

The High Court of Calcutta quashed the summon issued by the Joint Commissioner AIU NSCBI Airport Kolkata issued against the Rujira Narula, who is the wife of TMC MP Abhishek Banerjee. The Court while quashing the summons issued by the Joint Commissioner AIU NSCBI Airport Kolkata held that after the complaint was filed, the police […]

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CA/ICWA vacancy at Azim Premji Foundation

Azim Premji Foundation is hiring CA/ICWA qualifiers for the role of Resource Person – Finance at their Anekal, Karnataka location. Candidates with 7 to 10 years of experience are required. Azim Premji Foundation is a not-for-profit organization that has been working since 2000 with the elementary education system in rural government schools. Job Responsibility Record […]

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CA/CMA Vacancy at Standard Chartered Bank

The Standard chartered is hiring CA/CMA qualifiers at their Bangalore branch. Standard Chartered is a leading international bank focused on helping people and companies prosper across Asia, Africa, and the Middle East. To them, good performance is about much more than turning a profit. It’s about showing how you embody our valued behaviors – do […]

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SEBI relaxes cool off period between two QIPs [Read Notification]

The Security Exchange Board of India (SEBI) has amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 with respect to the cool off the gap period between two Qualitative Institutional Placements (QIP) from 6 months to two weeks. QIPs are a capital raising wherein a listed company can […]

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ICAI issues FAQs on ‘Opt-Out’ of CA Exams May 2020

The Institute of Chartered Accountants of India ( ICAI ) has issued Frequently Asked Questions (FAQs) on Opt-Out’ of CA Exams May 2020. In continuation to Important Announcement dated 15th & 17th June 2020, students who have made applications for appearance in May 2020 examinations and to change the city of examination or to “Opt-Out” of […]

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ICAI to conduct Commerce Quiz for School Students

The Institute of Chartered Accountants of India (ICAI) announces National Level Commerce Quiz for students of Class IX, X, XI, XII. The ICAI Commerce QUIZ will be held on Monday 29th June 2020 from 11: 00 AM to 12:30 PM. The quiz is conducted on four levels ; For Level 1 (Class IX): The students […]

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Amendment in Section 45(1) of PMLA doesn’t have effect of reviving twin conditions for Grant of Bail: Patna HC grants Anticipatory Bail [Read Order]

The High Court of Patna granted the anticipatory bail and held that the amendment in sub-Section (1) of Section 45 of the  Prevention of Money Laundering Act(PMLA), 2002 introduced after Supreme Court’s decision in case of Nikesh Tarachand Shah does not have the effect of reviving the twin conditions for grant of bail, which have […]

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RCM reporting in GST Return GSTR 3B ,GSTR 1, GSTR 9 I कैसे दिखाना है GST...

PFRDA recruiting Law Graduates and CA qualifiers

The Pension Fund Regulatory and Development Authority(PFRDA) is inviting online applications from Law Graduates and CA qualifiers to fill up the post of Officer Grade ‘A’ (Assistant Manager) in General and Legal Stream. The applications are invited from 16.6.2020 to 31.7.2020. Pension Fund Regulatory and Development Authority (PFRDA/Authority), is a statutory regulatory body in the […]

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CA, CMA, LLB openings in NIT

The National Institute of Technology (NIT) of Telangana has invited applications by June 22, 2020, for the following positions purely on contract basis for a period of one year which might be extendable by one more year. The National Institute of Technology, Warangal is a public technological university located in Warangal, India. It is recognized […]

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ICSI to conduct webinar on ‘Board Meeting, General Meeting & Remote Working – IT Perspective’

The institute of company secretaries India (ICSI) is conducting a webinar on Board Meeting, General Meeting & remote Working – IT Perspective for members. Due to recent pandemic, the work culture of Corporates & Professionals has undergone a change significantly. The overall way of holding the meetings of corporate has also changed from physical mode […]

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CA/CFA vacancy in Nainital Bank

The Nainital Bank Limited invites applications from qualified candidates to recruit one Chief Financial Officer. The Nainital Bank Limited is a scheduled commercial bank founded in 1922. The bank is a subsidiary of Bank of Baroda. The bank has expanded to Uttar Pradesh and Uttarakhand and has over 139 branches in Rajasthan, Delhi, and Haryana. […]

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CS Exams June 2020: ICSI re-opens Window for Change of Exam Centres / Module / Medium

The Institute of Company Secretaries of India (ICSI) has announced the reopening of the online window for the change of exam center/module/medium for all students enrolled for the CS Exams June 2020 session. The window will be open from 00:00 AM on Wednesday 17th June 2020 to 23:59 PM on Tuesday, 30th June 2020. The […]

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Uttar Pradesh Cabinet approves Relief on Road Tax to EV Manufacturers, hikes Traffic Fines

The Uttar Pradesh Cabinet has approved relief on road tax to manufacturers of electric vehicles. The State Government also decided to increase fines for traffic violations. According to the sources, there will be a penalty of Rs 500 for wrong parking for the first time and Rs 1,500 for the second time. There is also […]

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EPFO launches Multi location Claim Settlement to expedite Member Claims

Taking a big leap towards ensuring uniform standards of service delivery across the country and optimum utilization of its workforce during COVID-19 Pandemic, EPFO has recently launched a multi-location claim settlement facility. This facility will bring a paradigm shift by allowing EPFO offices to settle online claims from any of its regional offices, across the […]

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World Bank Group hiring Accounting Analyst

The World Bank Group has invited applications from eligible candidates for the post of Accounting Analyst. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. Responsibilities Establish and […]

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MCA issues Scheme for Relaxation of Time for Filing Forms related to creation or modification of Charges under the Companies Act [Read Circular]

The Ministry of Corporate Affairs(MCA)  on Wednesday issued the Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. In the wake of COVID-19, the Ministry has received the representations requesting that the timelines related to the filing of certain charge related forms may be […]

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