Friday, April 21, 2017

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

ICAI issues Implementation Guide for auditors on reporting demonetisation related transactions, specifies audit procedures & clarifications; Releases 5 FAQs, depicts possible scenarios and suggests text that auditors could adopt for reporting purposes; Clarifies that the effective date of MCA notification is 30th March 2017: ICAI



GST : TRADERS WITHIN REVENUE THRESHOLD OF 1.5 CR WILL UNDER EXCLUSIVE CONTROL OF THE STATE

GST Council says states will get exclusive control over all dealers up to a revenue of Rs1.5 crore—addressing the issue of dual control ove...