CA Updates 🎓

31 Dec 2018 20:40

Happy new year friends ❤️

CA Updates 🎓

01 Feb 2018 11:34

ospital Ltd rose 4.1%, Thyrocare Technologies Ltd 2.6%, Healthcare Global Enterprises Ltd rose 3%.

👉 Mass formalization of MSME sector is happening after demonetization and GST.

👉Total 187 projects sanctioned under the Namami Gange
👉24 new government medical colleges and hospitals to be set up by upgrading existing district hospitals.

👉Rs 600 crore for nutritional support to TB
👉One medical college per every three constituency.

👉Have decided to take healthcare protection to a new aspirational level. Launching a flagship National Health Protection Scheme to cover 10 crore poor and vulnerable families, benefiting approximately 50 crore. Providing Rs 5 lakh per family per year for medical reimbursement, under National Health Protection Scheme. This will be world’s largest health protection scheme.

👉Rs 1200 crore for the flagship programme in health wellness centres.

👉Eighteen new schools of planning and architecure will be set up... I propose railway university in Vodadara.

👉Eklavya schools to be started for Scheduled Tribe population... Scheme for revitalizing school infrastructure, with an allocation of 1 lakh crore rupees over four years. Called RISE - Revitalizing Infrastructure in School Education.

👉Integrated B.Ed programme to be initiated for teachers, to improve quality of teachers.

👉Technology will be the biggest driver in improving education.

👉Rs 14.34 lakh crore to be spent for providing livelihood to rural India through infrastructure 👉Loans to self help groups will increase to Rs 75,000 crore by March 2019.

👉We aim that by 2022, all poor people have a house to live in.

👉 In the next financial year, we target the construction of two crore toilets.

👉Removal of crop residue to be subsidised in order to tackle the problem of pollution due to burning of crop residue:

👉 Ujwala will give 8 crore women new LPG connections.

👉Special scheme to address air pollution in Delhi-NCR region.

👉Credit for agricultural activities is up from Rs 10 lakh crore to Rs 11 lakh crore .

👉Fishery and aquaculture and animal husbandry funds with a total corpus of Rs 10,000 crore.

👉Agri-Market Development Fund with a corpus of Rs 2000 crore to be set up for developing agricultural markets.

👉Restructured National Bamboo Mission to be launched with an allocation of Rs 1290 crore to promote bamboo sector in a holistic manner.

👉Grameen Agricultural Market (GRAM) will provide farmers a means to sell directly to buyers.

👉Rs 500 crore announced for Operation Green.

👉Allocation to food processing ministry is being doubled from Rs 715 crore to Rs 1400 crore.

👉Cluster-model approach to be adopted for agricultural production.

👉The focus is on low-cost farming, higher MSP. Emphasis is on generating farm and non-farm employment for farmers.

👉470 APMCs have been connected to eNAM network, the rest to be connected by March 2018... Agri-Market Development Fund with a corpus of 2000 crore to be set up for developing agricultural markets

👉Desh mein krishi utpadan record star par hai, 2022 tak kisaano ki aay dugni karenge.

👉Agri-related stocks gain after it is said MSP for all crops to be increased by 1.5 times. Kaveri Seeds Co Ltd rose 2.4%, Jain Irrigation Systems Ltd 2.1%, Escorst Ltd rose 5%, Mahindra & Mahindra Ltd rose 2.2%.

👉The government will ensure payment of full MSP even if farmers sell below MSP.

👉The Minimum Support Price of all crops shall be increased to at least 1.5 times that of the production cost.

👉Our government has ensured that services and benefits reach people directly. The direct benefit transfer in India is the biggest such exercise in the world.

👉Maximum governance, minimum government has ensured India has climbed 42 places in the ease of doing business... We are now working toward easing of living in India

👉Budget 2018 will focus on agriculture and rural economy, health, infra, senior citizens: FM

👉This year’s budget will focus on strengthening rural and agricultural economy.

👉 India grew at an average of 7.5% in the first three years since 2014. It is now a

CA Updates 🎓

27 Jan 2018 07:28

ICAI to carry study on cryptocurrency

In the wake of popularity of virtual currencies or cryptocurrency like Bitcoin, the government has sought Institute of Chartered Accountants of India (ICAI)’s opinion on the matter. “Ministry of Corporate Affairs has sought our opinion on accounting standards and disclosures of cryptocurrency in financial statements of companies,” Member of Digital Accounting and Assurance Standard Board of ICAI, Debashis Mitra said. He said a detailed study would be carried out about virtual currencies, a new phenomenon but importance of which is catching up rapidly globally.

The study was expected to be submitted to the Ministry of Company Affairs (MCA) by March this year. He was speaking at a seminar on corporate governance and Companies (Amendment) Bill, 2017, organised by CII. He said, MCA would also take opinions from other expert agencies before taking a view on the subject.

CA Updates 🎓

19 Jan 2018 10:44

What all Got Cheaper? Here is the Full List of Items With New GST Rates

The 25th GST Council meet on Thursday, recommended rate cuts on 49 items, including zero percent on 29 handicraft products with its main focus on easing return filing processes.



New Delhi: The 25th GST Council meet on Thursday, recommended rate cuts on 49 items, including zero percent on 29 handicraft products with its main focus on easing return filing processes.

The change in rates will be applicable from 25 January.

Here is the list of the finalised goods:


List of goods on which GST council recommended for reduction from 28% to 18%:
- Old and used motor vehicles (medium and large cars and SUVs) on the margin of the supplier, subject to the condition that no input tax credit of central excise duty/value-added tax or GST paid on such vehicles has been availed by him.
- Buses, for use in public transport, which exclusively run on biofuels.

List of goods on which GST rate recommended for reduction from 18% to 12%:
- Sugar boiled confectionary
- Drinking water packed in 20 litters bottles
- Fertilizer grade Phosphoric acid
- Bio-diesel
- The following Bio-pesticides, -
Bacillus thuringiensis var. israelensis
Bacillus thuringiensis var. kurstaki
Bacillus thuringiensis var. galleriae
Bacillus sphaericus
Trichoderma viride
Trichoderma harzianum
Pseudomonas fluoresens
Beauveriabassiana
NPV of Helicoverpaarmigera
NPV of Spodopteralitura
Neem based pesticides
Cymbopogan
- Bamboo wood building joinery
- Drip irrigation system including laterals, sprinklers
- Mechanical Sprayer

List of goods on which GST rate recommended for reduction from 18% to 5%:
- Tamarind Kernel Powder
- Mehendi paste in cones
- LPG supplied for supply to household domestic consumers by private LPG distributors
- Scientific and technical instruments, apparatus, equipment, accessories, parts, components, spares, tools, mockups and modules, raw material and consumables required for launch vehicles and satellites and payloads

List of goods on which GST rate recommended for reduction from 12% to 5%:
- Articles of straw, of esparto or of other plaiting materials; basket-ware and wickerwork

List of goods on which GST rate recommended for an increase from 12% to 18%:
- Cigarette filter rods

List of goods on which GST rate recommended for reduction from 12% to 5% with no refund of unutilised input tax credit:
- Velvet fabric

List of goods on which GST rate recommended for reduction from 3% to 0.25%:
- Diamonds and precious stones

Nil GST rate:
- Vibhuti
- Parts and accessories for the manufacture of hearing aids.
- De-oiled rice bran

List of goods on which GST rate recommended for an increase from nil to 5%:
- Rice bran (other than de-oiled rice bran)

CA Updates 🎓

18 Jan 2018 14:50

Sub.: Cut-off date for students converting from earlier scheme to Revised Scheme of Education and Training implemented w.e.f 1st July 2017 into Foundation / Intermediate / Final Course for being eligible to appear in respective examinations in May 2018

Students are advised to note that they need to convert themselves latest by 1st Feb., 2018 from earlier scheme to Revised Scheme of Education and Training implemented from 1st July 2017 to appear in Foundation / Intermediate / Final in May 2018 Examination.

The students who will be converting after 1st February, 2018 will not be eligible to fill the Exam form and appear for respective Examinations in May 2018 under Revised Scheme of Education and Training.

Director, Board of Studies

CA Updates 🎓

17 Jan 2018 10:15

🛑 Select REQUEST DESKTOP SITE if trying to open from mobile device.

CA Updates 🎓

17 Jan 2018 09:58

https://www.icai.org/new_post.html?post_id=14340&c_id=219

CA Updates 🎓

17 Jan 2018 09:01

NOT YET CONFIRMED
UNKNOWN SOURCES

CA Updates 🎓

15 Jan 2018 04:15

Happy sankranthi to all the subscribers..🌾🌾🌾

Thank you everyone 🙏🙏

CA Updates 🎓

12 Jan 2018 04:02

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

IMPORTANT ANNOUNCEMENT

The result of the Chartered Accountants Final Examination held in November 2017 and Common Proficiency Test (CPT) held in December 2017 are likely to be declared on Wednesday, the 17th January 2018 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination in accordance with the decision of the Examination Committee) on all India basis will be available on the following websites:

1. icaiexam.icai.org
2. caresults.icai.org
3. icai.nic.in

CA Updates 🎓

12 Jan 2018 03:56

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12 Jan 2018 03:53

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CA Updates 🎓

10 Jan 2018 00:15

ICAI EXAMINATION TIME TABLE

CA Updates 🎓

25 Dec 2017 20:59

Situations where the input tax credit cannot be taken under GST

1. Motor vehicles and conveyance

2. Food, beverages, club membership and others

3. Sale of membership in a club, health, Fitness center

4. Rent a cab, life insurance, health insurance

5. Travel

6. Works contract

7. Construction of immovable property for own account

8. Composition scheme

9. No ITC for personal use

10. No ITC for non resident

11. Free samples and destroyed goods

12. No ITC for fraud cases

13. No ITC of restaurants

CA Updates 🎓

15 Nov 2017 18:06

CA Final: All the best for your last exam guys...!! 👍👍

CA Updates 🎓

01 Feb 2018 11:34

2.5 trillion dollar economy.

CA Updates 🎓

01 Feb 2018 11:34

Budget highlights in one go

budget affected Sensex much..
👉 Sensex at 35,526.23, down by 438.79 points

👉Propose to increase the custom duty on mobiles from 15% to 20% and on some other mobile parts to 15%, and some parts of TVs to 15%.

👉Propose to increase the health and education cess to 4%

👉Propose to tax long term capital gains exceeding Rs 1 lakh in listed stock at 10%.


👉Rs 50,000 additional benefit to senior citizens for investment in mediclaim.

👉A standard deduction of additional Rs 40,000 for salaried employees. This move will benefit 2.5 crore taxpayers.

👉No changes in the structure of income tax of individuals.

👉Rs 7000 crore will be the revenue foregone for the reduced corporate tax
👉I propose to extend the benefit of the reduced corporate rate of 25% for companies with reported turnover of up to Rs 250 crore.

👉100% tax deduction for the first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above.


👉41% more returns were filed this year, which shows that more people have joined the tax net.

👉 Demonetisation was received by honest taxpayers as ‘Imaandaari ka utsav’.

👉Revised fiscal deficit estimate for 2017-18 is 3.5% of GDP, fiscal deficit of 3.3% expected for 2018-19.

👉Automatic revision of MPs’ emoluments every five years, indexed to inflation.

👉Emoluments of President, Vice President and Governor being revised: Rs 5 lakh; 4 lakh; Rs 3.5 lakh per month respectively.

👉The Sensex is now in the red.


👉 Recapitalisation to enable PSU banks to lend Rs 5 lakh crore.

👉Exceeded the disinvestment target and collected Rs 1 lakh crore: FM.

👉The government insurance companies to be merged into a single entity, and subsequently listed in the stock exchange, as part of the disinvestment

👉The government will assign every enterprise in India a unique ID on the lines of Aadhaar.

👉The government has identified 372 basic business reform actions. Each state will take up these reforms.

👉We will explore the use of blockchain. Government to take all steps to eliminate use of cryptocurrencies which are being used to fund illegitimate transactions.


👉Rs 5.97 lakh crore allocated for infrastructure spending in India.

👉5 lakh WiFi hotspots to be set up in rural areas to provide easy Internet access.

👉 Redevelopment of 600 major railway stations has been taken up; Mumbai transport system is being expanded; suburban network of 160 km planned for Bengaluru...

👉The government proposes to revamp the system of sanctioning of loans to SMEs. The information required for sanctioning the loan will be linked with GSTN and all required information can be fetched from GSTN Portal. It will help to grant the loans quickly and will help in reducing processing time.

👉UDAN will connect 56 unserved airports in India.

👉An institute is coming up at Vadodara to train people for the bullet train programme.

👉AMRUT programme will focus on water supply to all households in 500 cities. Water supply contracts for 494 projects worth 19,428 core awarded.

👉Rs 1,48,528 crore is the capital expenditure for the Indian Railways for 2018-19... All trains to be progressively provided with WiFi, CCTV and other state-of-the-art amenities.

👉Bharatmala project approved for better road connectivity at Rs 5.35 lakh crore.

👉Proposal to develop 10 prominent tourist destinations as Iconic tourism destinations.

👉Women’s contribution reduced to 8.33% towards PF in the first 3 years for new EPF accounts... The government will contribute 12% of EPF contribution for new employees in all sectors for the next three years.

👉70 lakh farming jobs have been created this year, shows an independent study.

👉Rs 3 lakh crore allocated for PM MUDRA Yojana.

👉The government is slowly but steadily progressing towards universal health coverage.

👉Announce allocation of Rs. 56,619 crore for SC welfare and Rs. 39,135 crore for ST
👉Healthcare stocks trading higher after the government said it proposed to cover 100 million families via healthcare protection scheme. Apollo H

CA Updates 🎓

25 Jan 2018 16:14

Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November 2017 is likely to be declared on Sunday, the 28th January 2018 - (25-01-2018)

CA Updates 🎓

18 Jan 2018 18:08

GST meet concludes: Here are all the important changes you should know


The day-long 25th GST Council meet ended in Delhi. Among the key points picked up in the meet included the E-way bill, composite scheme and 3B return filing,which finance minister Arun Jaitely said would be continued for now. He also said that the revised rates will be applicable from the 25th of January, 2018. 

Here are the key points 
1. E-way bill system testing continues till January 25, loading will be made must from Feb 1. 

2. 3B Returns filing may continue and suppliers may continue to load invoices . 

3. 15 states agree on intra-state e-way bill. 

4. Decision on petroleum products deferred. 


5. No decision on real-estate, will be taken up in next meet. 

6. 29 Handicraft items have been put in 0% slab. GST rates have also been reduced in few agricultural products. 

7. The GST Council also discussed how buyers should upload purchases invoices, and the sellers should upload sale invoices. 

8. Collection under composite scheme only Rs 307 crore. 

9.The fitment committee will fix the rates for about 40 handicraft items. 

10. A few more items may be added to the list. 

11. Rs 35,000 crore of Integrated GST will be provisionally divided between the Centre and states. 

12. Rates revised for 29 goods, 53 services categories. 

CA Updates 🎓

18 Jan 2018 14:49

💝 Congrats for everyone who have completed their CA course or any of the group 👍👍

CA Updates 🎓

17 Jan 2018 10:13

🌐 icaiexam.icai.org
🌐 caresults.icai.org
🌐 icai.nic.in

CA Updates 🎓

17 Jan 2018 09:58

Result of the Chartered Accountants Final Examination held in November 2017 and Common Proficiency Test (CPT) held in December 2017 are likely to be declared on Wednesday, the 17th January 2018 around 8:00 pm

CA Updates 🎓

17 Jan 2018 08:39

http://icai.nic.in/caresult/

CA Updates 🎓

12 Jan 2018 04:08

ANNOUNCMENT

Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations.

CA Updates 🎓

12 Jan 2018 03:56

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12 Jan 2018 03:53

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CA Updates 🎓

10 Jan 2018 00:23

OPENING & CLOSING OF ONLINE WINDOW FOR RECEIPT OF EXAMINATION APPLICATION FORMS

Opening of online examination form window:5th February, 2018 (Monday)


Last date for submission of online examination form:26th February, 2018 (Monday) (without late fee)


Last date for submission of online examination form: 5th March, 2018 (Monday) (with late fee of ` 600/- or US$ 10)

CA Updates 🎓

10 Jan 2018 00:14

Examination time table

Key points

1. No increase in fee
2. Dates clearly mentioned for existing scheme and revised scheme of education
3. Change in examination timings (from afternoon to morning) 10:30 am to 1:30 pm

CA Updates 🎓

22 Nov 2017 21:10

http://www.business-standard.com/article/economy-policy/task-force-to-draft-new-direct-tax-law-117112300050_1.html

CA Updates 🎓

03 Oct 2017 05:55

Revision Material- DT Ca final