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JUNE 2017
In This IssueTrending
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In This Issue
Trending Topics 03
GST (Goods & Service Tax) An Update
Mandatory Compliances for a Private Limited
Company in India
8 must have legal agreements to be done by start ups /
new businesses
How self-employed professionals, entrepreneurs,
SMEs can get ready for GST
Due Date Chart 12
Notifications and Circulars 14
Seminars and Courses 18
Seminar
Batches for Professional Courses
About Us 23
Contact Us 262
TRENDING TOPICS
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GST (Goods & Service Tax)
An Update
4
GST Council meeting held on 18th &
19th May 2017
TGST Council at its 14th meeting approved 7
GST Rules & formats viz, Composition,
Valuation, Input Tax Credit, Invoice Debit &
Credit Notes, Payment, Refund, Registration.
The Council has broadly approved the GST rates
for goods and services at nil rate, 5%, 12%, 18%
and 28%. Further approved were the rates of
GST Compensation Cess to be levied on certain
goods.
It is pertinent to note that exemptions available
under the existing Negative list and the Mega
Exemption Notification would continue to be
available under the GST regime as well. In
addition to above list of 12 services liable to tax
under reverse charge which is similar to existing
list of services.
However, the concept of partial reverse charge
has been done away with.
The next meeting of the Council is scheduled to
be held on 3rd June 2017.
SGST Act Passed by Twelve States
After receipt of presidential assent on the four
GST Acts viz CGST, UTGST, IGST Act and GST
(Compensation to States) Act, Telangana
became the first State to pass the SGST Bill
while other States who have passed the Bill
include Bihar, Rajasthan, Jharkhand,
Chhattisgarh, Uttarakhand, Madhya Pradesh,
Haryana, Goa, Gujarat, Maharashtra and
Arunachal Pradesh.
The remaining States are expected to pass the
SGST bill shortly.
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Draft GST Rules
The Government recently released 14 draft
GST Rules including 5 revised draft rules on
Invoice, Payment, Refund, Registration and
Return in the public domain, for which
suggestions/representations were invited by
the Government. The Indirect Taxes
Committee has submitted its suggestions to
the Government on 5th May, 2017.
FAQs on GST in regional languages
Central Board of Excise and Customs (CBEC)
has released Frequently Asked Questions
(FAQs) on GST in various regional languages
including Kannada, Malayalam, Punjabi,
Telegu, Marathi and Assamese to disseminate
the knowledge in their local language to
various stakeholders.
GST Awareness Campaign by CBEC
CBEC started a GST awareness campaign
(https://gstawareness.cbec.gov.in), where
various GST workshops are being organised.
The details of all the past as well as upcoming
awareness events have been uploaded on the
website.
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GST Enrolment
The Government declared that Phase-1 of
GST was closed on 30th April, 2017 whereby
60.5 lakh taxpayers enrolled out of 84 lakh on
the GST Portal (gst.gov.in) between 8th
November, 2016 and 30th April 2017. The
enrolment process has closed with effect from
1st May, 2017. Data of all those who have
signed the enrolment form will be migrated to
the new GST System. The enrolment window
will reopen for 15 days from 1st June, 2017 to
provide another opportunity to the taxpayers
who could not enrol themselves as well as for
those who enrolled but did not sign the
enrolment form.
IT-Preparedness for the roll-out of
GST from 1st July, 2017
Dr. Hasmukh Adhia, Revenue Secretary held
a meeting at New Delhi where the detailed
review of IT Preparedness for GST System at
the Goods and Services Tax Network (GSTN)
office took place. He reviewed GST System
preparedness of GSTN and CBEC. He was
briefed about the software system being
developed for GST, training of tax officials and
outreach program being undertaken by Tax
Departments across the nation. Out of 62,937
tax officials, 24,668 tax officials have been
given hands-on training on the application
software on live system while the remaining
officials will be trained by 15th June, 2017.
GSTN has also conducted a pilot on GST System
Software from 2nd May, 2017 to 16th May, 2017,
where 3200 taxpayers drawn from each State/UT
and Centre participated. The pilot covers all the
three modules and is being run to give the
taxpayers first hand opportunity to work on the
live system as the creation of return has become
an interactive process.
The feedback from the pilot will be used to further
improve the GST Software. The modules covered
under the pilot are:
Upload of invoice data using Offline Tool,
developed by GSTN
Creation of Supply Return (GSTR-1)
Viewing auto-generated inward supply
(Purchase) Return (GSTR-2A)
Editing of GSTR-2A by purchaser to create
final inward supply return (GSTR-2)
Viewing and acceptance/rejection of added
invoice data by purchaser (GSTR-1A)
Viewing System generated GSTR-3, payment
of taxes using net banking and submission of
GSTR-3.
Creation of bank scroll by Banks and RBI,
Reconciliation of payment by Accounting
Authorities with data received from Banks and
RBI.
ICAI e-Journal
5
Mandatory Compliances for a
Private Limited Company in India
6
Although Private Limited Company is the most
popular form of starting a business, there are
various compliances which are required to be
followed once your business is incorporated.
As you are aware about the applicability and
ongoing amendments in Companies Act, 2013
that requires proper and timliness compliances
of rules and by laws related to company that
includes annual year compliance which
requires an company secretary support.
We have elaborated below some of the
common compliances which a private limited
company has to mandatorily ensure:
Statutory Audit
Statutory audit is a legally required review of
the accuracy of a company’s or government’s
financial records. The purpose of a statutory
Audit is the same as the purpose of any other
type of audit: to determine whether an
organization is providing a fair and accurate
representation of its financial position by
examining information such as bank balances,
bookkeeping records and financial
transactions.
Appointment of the Statutory Auditors of the
Company.
Finalise Annual Accounts with the Auditors of
the Company.
Annual RoC Filings
Annual filing of Returns and Balance sheet
of companies is a part of Annual e-filling
done with Registrar of Companies, i.e., RoC.
The Annual filing is compulsory for a Private
Limited company, Public Limited Company,
One Person Company and also for Limited
Liability Partnership.
The Balance Sheet should be accompanied
by Auditor’s Report, Cash flow Statement
and Schedules to the Balance Sheet. This
Balance Sheet and P& L account has to be
signed by a Practicing Chartered Accountant
along with his seal and Membership
Number.
An Annual Return should consists of the
following:
Authorised Capital.
Paid-up Capital.
Debentures issued if any.
Register of Members.
Register of Directors.
Details of Transfer of Shares.
The Annual Return has to be signed duly by
the Directors of the Company and if the
company is a listed Public Limited Company,
then it should also be signed by the
Company Secretary of the Company along
with the Directors.
Private Limited Companies are required to
file its Annual Accounts and Returns
disclosing details of its shareholders,
directors etc to the Registrar of Companies.
Such compliances are required to be made
once in a year.
As a part of Annual Filing, the following
forms are to be filed with the ROC:
Form MGT-7 (Annual Return): Every Pvt. Ltd.
Co. is required to file its Annual Return within
60 days of holding of AGM. Annual Return will
be for the period 1st April – 31st March.
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Form AOC-4 (Financial Statements): Every
Private Limited Company is required to file its
Balance Sheet along with statement of Profit
and Loss Account and Director Report in this
form within 30 days of holding of Annual
General Meeting.
Annual General Meeting
Every Private Limited Company is required
to hold a meeting of its shareholders once
in every year within a period of six months
from the date of closing of the financial
year.
The primary agenda of an AGM includes
approval of financial statements,
declaration of dividends, appointment or re-
appointment of auditors, appointment and
remuneration of directors etc.
The Annual General Meeting shall be held
during business hours on a day which is not
a public holiday and shall take place at the
registered office of the company or at some
other place within the city, town or village in
which the registered office of the company
is situated.
Board Meetings
The First meeting of the Board of Directors
of a Private Limited Company shall be
conducted within 30 days from the date of
Incorporation of company.
Minimum 2 directors or 1/3rd of the total
number of directors, whichever is greater,
are required to be present in meeting of the
Board of Directors. The discussions of the
meeting need to be drafted and recorded in
the form of “Minutes of the Meeting” and
maintained at the Registered Office of the
Company.
In case of a Pvt Ltd. Co., which is classified
as a “Small Company”, atleast two Board
Meetings shall be held in a calendar year
(one meeting in every half year) 7
Further, minimum Four Board Meetings
shall be held in a calendar year (one
meeting in every 3 months).
Directors should be intimated about the
date and purpose of the meeting by giving
a notice atleast 7 days in advance from
the date of the meeting.
Most of the startups fall within the
category of “Small Company”.
Directors’ Report
Every director has to disclose about his
directorship in other companies every year.
This shall be done by giving a declaration in
writing to the company every year in a
specified Directors’ Report format.
Income Tax Compliances
Calculation and Quarterly Payment of
Advance Tax
Filing of Income Tax Returns (Tax will be
payable at a flat rate of 30% plus
Education Cess)
Tax Audit – Mandatory in case sales,
turnover or gross receipts of a business
exceed Rs. One Crore in the previous
year relevant to the assessment year.
Filing of Tax Audit Report
Maintenance of Statutory Registers
and Records
A Private Limited Company has to maintain
various statutory registers and records as
required by the Company law such as
Register of shares, Register of Members,
Register of Directors etc. Besides,
Incorporation documents of the company,
Resolutions of the meetings of the Board of
Directors, Minutes of the Board Meetings
and Annual General Meeting etc are also
required to be preserved by the Company.
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Such records are to be kept at the registered
office of the company and shall be open for
inspection to its members during business
hours. Also, the books of account of every
company relating to a period of atleast eight
financial years should be preserved and kept
in good order.
Other Event Based Filings
Besides Annual Filings, there are various
other compliances which need to be done as
and when any event takes place in the
Company. Instances of such events are:
Change in Authorised or Paid up Capital of
the Company.
Allotment of new shares or transfer of
shares
Giving Loans to other Companies.
Giving Loans to Directors
Appointment of Managing or whole time
Director and payment of remuneration.
Opening or closing of bank accounts or
change in signatories of Bank account.
8
Appointment or change of the Statutory
Auditors of the Company.
Loans to Directors
Different forms are required to be filed with
the Registrar for all such events within
specified time periods. In case, the same is
not done, additional fees or penalty might be
levied. Hence, it is necessary that such
compliances are met on time.
Non-Compliance
If a Company fails to comply with the rules
and regulations of the Companies Act, then
the Company and every officer who is in
default shall be punishable with fine for the
period for which default continues. If there is
delay in any filing, then additional fees is
required to be paid, which keeps on
increasing as the time period of non-
compliance increases.
It should be noted that some of the Annual
Filing Forms can also be revised but the fees
for subsequent revised filing shall be
charged, assuming it as a new filing.
Onlinefilings.co.in
8 must have legal agreements
to be done by start ups /
new businesses
9
Founder’s agreement
This lays out the roles and responsibilities of
each person coming on board as an initial
partner or founder.
Terms and conditions, privacy
policy and disclaimer for the
website and / or application
To safeguard the entity from unwarranted
liability and protect its website and app data
and its utilization from any misuse or
unauthorized use. Also lay down as to how we
propose to use the data we collect and what
are the things that we take responsibility for
and those for which we do not.
Employment contracts
To safeguard the entity from employees
quitting prematurely, from employees using
company data and infrastructure for personal
use, to ensure there is a non-compete and
non-solicit with the entity and we are safe from
all possible negative instances. To ensure
employee do not claim their work product to
be a part of their ownership.
Invoices and other transactional
business documentation
To ensure it reflects all the important details
and ensures a limitation on our liability.
Agreements with all vendors
with whom the entity will deal
with
To make sure that what we have
agreed in work is put to ink and it
things go awry, we can always enforce
the agreements, so as to minimize loss
or loss exposure to us.
Intellectual property protection
documentation with all
So as to safeguard all the inventions and
innovations that takes place at work and for it
to always remain a property of the entity and
its founders.
Non-Disclosure Agreements
With all those who have access or will have
access to confidential data.
Rental or lease agreement, if
the property or premises is not
owned by the founders or
entity.
The above list is a list of all mandatory
documents and those which absolutely are a
must for every entity that would be formed.
CaClubIndia.com
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How SMEs, self-employed
professionals, entrepreneurs
can get ready for GST
10
Background
In the five years she has been running a small
business of gift packaging, Samiksha Dhingra
has not felt the need to apply for a sales tax
number. “My business is very small and doesn’t
require sales tax registration,” says the
Gurgaon-based entrepreneur. But this will soon
change because Dhingra plans to take her
business online. The Goods and Services Tax
(GST), which comes into effect from 1 July,
requires all e-commerce businesses, including
tiny outfits like Dhingra’s, to register under the
new tax regime.
The turnover of her small gift packaging
business is well below the Rs 20 lakh threshold
of GST. But since she plans to take the
business online soon, Dhingra will have to get
registered under GST.
In Surat, textile manufacturer Devrishi Arora is
vaguely aware that GST will soon come into
effect but is yet to take concrete steps for
migrating his business to the new tax. “I have
read a lot of news reports on the GST and we
are in touch with some tax professionals for
this,” says Arora.
Dhingra and Arora are not alone. Even though
the new tax comes into effect barely three
weeks from now, many businesses have not
prepared themselves for GST.
In a recent survey by CA Club India, a platform
for finance professionals, only 38% of the
1,100-odd respondents said they were ready
for the rollout on 1 July. The others either
needed more time or their clients were not fully
prepared.
Though he understands that his business will
have to be registered under GST, he is yet to
start the process. With less than a month to go
before GST comes into effect, businessmen
like him should take immediate steps.
Most businesses not ready for GST
31% need more time
38% completely ready
15% client not prepared
17% Somewhat prepared
Is the industry ready for transition to
GST ?
Yes, transition should be smooth: 31%
Transition will happen with difficulty: 37%
Industry not ready, transition might be
chaotic: 31%
Results of a survey by CA Club India, an online
forum for finance professionals. The survey
had 1,128 respondents, mostly CAs..
The GST is not just a tax reform or even a
business reform. It is a lifestyle reform that will
change the way business is conducted in the
country,” says Minal Agarwal, a chartered
accountant who advises corporate houses on
GST compliance and related issues. “Nearly
50% of Indian businesses are not aware of the
changes that GST will usher in. Most of them
think it is just another tax regime,” says Bharat
Goenka, Managing Director of Tally Solutions.
Tally’s accounting software is widely used by
Indian companies. It is waiting for the GST
rules to be finalized so that it can roll out its
GST software for Indian companies.
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The level of unpreparedness is even greater
among small businesses and tiny outfits.
Many small entrepreneurs feel they can
bypass the GST if their turnover is less than
Rs 20 lakh. That is true, but this exemption
comes with its own set of problems. “If you
are not in GST, the businesses you supply to
will have to bear the burden of your
compliance. They may eventually switch to
vendors who are registered under GST,” she
warns. Her advice: even if you are a small
business with a turnover of less than the GST
threshold of Rs. 20 lakh, get yourself
registered.
It may come as a surprise, but joining the
GST is not the Himalayan task that some
entrepreneurs and small businessmen
presume it to be. One can register online by
logging on to gst.gov.in. Some companies,
such as tax filing portal ClearTax.in, charge a
small fee for assisting companies and small
businesses to get on board.
“We offer a bouquet of services, including
cloud-based GST software, an end-toend
platform for filing GST returns and GST
compliant billing supported by integrated
learning modules. This single software can be
used to do full GST compliance,” says Archit
Gupta, founder and CEO of ClearTax.in. The
cost of filing GST returns through ClearTax.in
is just Rs 100 a month.
Taxmann, a leading name in tax and corporate
law and a GST Suvidha Provider, has also
introduced One Solution, an integrated
software that does all the GST-related
compliances. Though the rates vary
depending on the size of the organisation,
they start as low as 99 paise per invoice.
Other smaller outfits are also doing their bit to
spread awareness about GST and get
businesses to register. Delhi-based chartered
accountant Aditya Agarwal has set up
GSTsamadhan.in. His team not only helps in
the registration formalities but also conducts
training workshops for companies.11
In the past six months, Aditya has conducted
training sessions for nearly 25 corporate
clients, with charges varying according to the
size and complexity of a company’s account
books.
Opting for composition scheme
GST will require a very high level of
compliance. Out go the hand-written ledgers,
accounting books and notepads. Everything
will now be online and will need to be
updated regularly.
A business will have to file 37 returns in a
year (three returns per month and one
annual return) per state. If it does business
from offices in more than one state, the
number of returns will go up accordingly. A
business with a offices in three states will
have to file 111 tax returns in a year.
The GST provides some relief for smaller
outfits that may not be able to meet these
stiff requirements. An enterprise with a
turnover of less than Rs 50 lakh can opt for
the composition scheme, which levies a
presumptive tax of 0.5-2.5% on the turnover.
However, this option is not open to
everybody. Only manufacturers and specific
service providers (restaurants) can opt for
this composition scheme.
But though the composition scheme requires
lesser GST compliance, it has several
drawbacks.
For one, only businesses which operate
within a particular state can opt for this. Plus,
opting for composition breaks the chain of
seamless input tax credit. “Those who buy
from a composition dealer will not be able to
take credit of any input tax. A composition
dealer cannot levy and collect any tax from
its buyers. Should the composition dealer
purchase from registered persons, he will not
get input credit on the tax paid by him on
inputs.
Economictimes.indiatimes.com
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DUE DATE CHART (June’2017)
Due Date Category ParticularsForm/
Challan/Site
05th / 6th Jun
2017
Service Tax
Payment
Payment for the month of
June’2017GAR-7
Central Excise
Payment
Payment for the month of
June’2017GAR-7
07th Jun 2017TDS/ TCS
Payment
Deposit of TDS for the month
of June’2017ITNS 281
Deposit of TCS for the month
of June’2017Form 26QB
10th Jun 2017
Central Excise
Monthly
Return
Return of Central Excise for the
month of June’2017ER-1
15th Jun 2017
PF PaymentPayment of PF for the month of
June’2017
http://www.epfi
ndia.com
Advance Tax1st Instalment of Advance Tax
for F.Y. 2017-18ITNS 280
21st Jun 2017
CST PaymentPayment of CST for the month
of June’2017www.dvat.gov.in
VAT Monthly
Payment
Payment of VAT for the month
of June’2017Form 100
ESICPayment and Return of ESIC
for the month of June’2017www.esic.in
25th Jun 2017Provident
Fund
Return of Provident Fund for
the month of June’2017www.epfindia.co
m
NOTIFICATIONS
AND CIRCULARS
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Notification/ Circular Reference No.
Rule 17CB inserted in the Income tax Rules, 1962
prescribing method of valuation of assets and liabilities
for the purposes of determining the “accreted income”
for levy of exit tax
For complete information, please refer-
http://www.incometaxindia.gov.in/communications/notificatio
n/notification32_2017.pdf
Notification No 32/2017,
Dated: 21-04-2017
New Form No. 10-IB notified for the purposes of
exercise of option u/s. 115BA(4) by domestic
companies
Section 115BA has been inserted by the Finance Act, 2016
to provide a concessional rate of tax@25% in case of a
domestic company for any previous year relevant to A.Y.
2017-18. Accordingly, vide this notification, Rule 21AD has
been inserted in the Income-tax Rules, 1962. The
application for exercise of option under Section 115BA(4)
has to be in Form No.10-IB
For complete information, please refer-
http://www.incometaxindia.gov.in/communications/notificatio
n/notification36_2017.pdf
Notification No 36/2017,
Dated: 02-05-2017
Central Government notifies the individuals who are
eligible for exemption from quoting Aadhaar /
Enrolment Id
For complete information, please refer-
http://www.incometaxindia.gov.in/communications/notificatio
n/notification37_2017.pdf
Notification No 37/2017,
Dated: 11-05-2017
Lease rent from letting out buildings/developed space
along with other amenities in an Industrial Park / SEZ -
to be treated as business income
For complete information, please refer-
http://www.incometaxindia.gov.in/communications/circular/ci
rcular16_2017.pdf
Circular No 16/2017,
Dated: 25-04-2017
Direct Tax Law
Source: ICAI e-Journal
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Source: ICAI e-Journal
Indirect Tax LawNotification/ Circular Reference No.
Exemption of Life Insurance services under 'Pradhan
Mantri Vaya Vandana Yojana’
The Central Government has amended the Notification No.
25/2012 to provide exemption to the services of life
insurance business provided under the scheme of Pradhan
Mantri Vaya Vandana Yojana.
For complete information, please refer-
http://www.cbec.gov.in/resources//htdocs-servicetax/st-
notifications/st-notifications-2017/st17-2017.pdf
Notification No 17/2017
Service Tax
Dated: 04-05-2017
Quantum of Mandatory Deposit required for filing
appeal before the CESTAT
The Central Government directed attention to the CESTAT's
Larger Bench Order dated 20.04.2017 in respect of
quantum of mandatory deposit. The Larger Bench resolved
the issue as to whether an appellant has to pay 10%
mandatory deposit for preferring an appeal before the
Tribunal over and above the mandatory deposit of 7.5% of
the duty liability/penalties already paid for an appeal to the
First Appellate Authority.
It clarified that in order to prefer an appeal before the
Tribunal, an assesse / appellant need to deposit 10% of the
amount of duty confirmed or the penalty imposed.
Circular No. F.No.
390/Misc./37/2017- JC,
Dated: 09-05-2017
Monitoring of export obligation fulfilment under EPCG
and Advance Authorisation Schemes
The Central Government provides to safeguard revenue in
case of non-submission of proof of discharge of export
obligation within the time period stipulated by the custom
notifications.
For complete information, please refer-
http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-
circulars/cs-circulars-2017/circ16-2017cs.pdf
Circular No 16/2017
Cus,
Dated: 02-05-2017
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Others (MCA/ SEBI/ RBI)Notification/ Circular Reference No.
Companies (Acceptance of Deposits) (Amendment)
Rules, 2017
MCA has notified the aforesaid rules to amend the rules
pertaining to acceptance of deposits by companies. The
requirement of having mandatory deposit insurance has
been relaxed till 31st March 2018 or till the availability of
deposit insurance product, whichever is earlier.
For complete text of the Rules, please refer the link:
http://www.mca.gov.in/Ministry/pdf/CompaniesAcceptanceof
Deposits_12052017.pdf
MCA Notification GSR
(E)
Dated: 11-05-2017
Compliance with Ghosh Committee Recommendations
RBI has relaxed the earlier requirement of submission of
the implementation status of Ghosh Committee
recommendations to the Audit Committee of the Board of
Banks. However, banks are advised to ensure that
Compliance to these recommendations is complete and
sustained.
For detailed amendment to Schedule 9 refer the notification
at below link:
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10934&M
ode=0
RBI Circular No.
DBS.CO.PPD.BC.No.9/
11.01.005/ 2016-17
Dated: 20-04-2017
Disclosure in the “Notes to Accounts” to the Financial
Statements- Divergence in the Asset Classification and
Provisioning
For complete text of the circular, please refer the link:
https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10932&M
ode=0
RBI Circular No.
DBR.BP.BC.No.63/21.0
4.018/2016-17
Dated: 18-04-2017
Additional Provisions for Standard Advances at higher
than the prescribed rates
For complete text of the circular, please refer the link:
https://www.rbi.org.in/scripts/BS_CircularIndexDisplay.aspx
?Id=10931
RBI Circular No.
DBR.No.BP.BC.64/21.0
4.048/2016-17
Dated: 18-04-2017
Source: ICAI e-Journal
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19 ICAI CPEC Website
S.No. PoU Topic Place DateContact
Details
CPE
Hours
1.West Delhi Study
Circle of NIRC
Place of Supply of
Service under GST
MAHARAJA PLACE. Opp.
Metro Pillar No. 146, Punjabi
Bagh, Near Shivaji Park Metro
Station, New Delhi – 110026.
7th June’2017
17:00-2100
CA Rakesh Singhal
98115262084
2.Chandigarh
Branch Of NIRC
Income Computing
and Disclosure
Scheme
IMA, SECTOR-35B,
CHANDIGARH7th June’’2017
10:00-14:000172-5067756 4
3.Bhilwara Branch
Of CIRC
Place of Supply
Services under GST
THE ICAI BHAWAN
BHILWARA7th June’2017
08:00-10:00
Mr. Purshottam
98299521872
4.
KCAS Study
Circle of CIRC of
ICAI
Specified Financial
Transactions And
Changes In ITR
MEHFIL RESTAURENT
CIVIL LINES8th June’2017
15:00-18:00
CA Vishal Khanna
98390301023
5.Bhilwara Branch
Of CIRC
Electronic way bills
rules under GST
THE ICAI BHAWAN
BHILWARA9th June’2017
08:00-10:00
MR. Purshottam
98299521872
6.
District Centre
Janakpuri CPE
Study Circle of
NIRC
Programme on GST
PICCADILY HOTELS, Janak
Puri District Centre Complex
New Delhi 110058 – Near
Metro Station Janak Puri West
9th Jun’2017
16:00-20:30CA Deepak Nagpal 4
7.
Joshi Road CPE
Study Circle of
NIRC
IMPLEMENTATION
AND MIGRATION
TO GST
Hotel Swati Dx, Opp Jassa
Ram Hospital, Gurdwara Road
Karol Bagh, ND– 110005
10th June’2017
10:00-17:00
Shafaly Girdharwal
99530778446
8.
Rohini CPE
Study Circle of
NIRC
Compliances Under
GST Law
Hotel Oasis, HD-8 Pitam Pura
(Near Pitam Pura Metro
Station), Delhi – 110034
16th June’2017
17:30-21:30CA Rajiv Nayar 4
9.Eastern India
Regional Council
SEMINAR ON NRI
TAXATION
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
20th Jun’2017
17:30-20:3030211104/08/33 3
10.Eastern India
Regional Council
Implications Of GST
Rules On Trade And
Industry
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
23rd Jun’2017
17:30-20:3030211104/08/33 3
11.
JB NAGAR CPE
STUDY
CIRCLE OF
WIRC
Precautions to be
taken while
implementing GST
Directi Plex, New Nagardas
Road, Opp. Wilson Pens, Near
Andheri East Subway,
Andheri (East), Mumbai –
400069
24th Jun’2017
15:30-19:459820240246 4
12.Eastern India
Regional CouncilSEMINAR ON ICDS
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
29th Jun’2017
17:30-20:3030211104/08/33 3
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20
Other Matters
Seminars and Discussions
Accounting & Auditing Matters
ICAI CPEC Website
S.No. PoU Topic Place Date Contact DetailsCPE
Hours
1.
Thane Midtown
Cpe Study Circle
OF WIRC
OVERVIEW OF
IND AS
Tma Hall,
Nr Dwarka Hotel,
Wagle Estate, Thane
10th Jun’2017
17:00-20:00
SARAD BERIA-
98205086333
2.Eastern India
Regional Council
Ind AS and
Implementation
Challenges
PARK HOTEL,
PARK STREET
KOLKATA- 700016
10th Jun’2017
10:30-17:3030211104/08/33 6
3.Eastern India
Regional Council
Standards on Auditing
– SA-700, 705 & 706
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
12th Jun’2017
17:30-20:3030211104/08/33 3
4.Eastern India
Regional Council
Expectation Of
Regulators From
Forensic Auditors
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
16th Jun’2017
17:30-20:3030211104/08/33 3
5.
JB NAGAR CPE
STUDY CIRCLE
OF WIRC
Integrated Reporting,
Strategic Framework
and Accounting
updates
Hotel Kohinoor Continental,
Andheri Kurla Road, J.B.
Nagar, Andheri (East),Mumbai
– 400059
18th Jun’2017
08:45-13:159820240246 4
6.Eastern India
Regional Council
Internal Financial
Control Reporting
EIRC Auditorium, ICAI,
7, Russell Street,
Kolkata – 700071
21st Jun’2017
17:30-20:3030211104/08/33 3
S.No. PoU Topic Place DateContact
Details
CPE
Hours
1.
THANE MIDTOWN
CPE STUDY
CIRCLE OF WIRC
E-FILING
AMENDMENTS
TMA HALL
NR DWARKA HOTEL
WAGLE ESTATE
THANE
9th June’2017
17:00-20:00
SARAD BERIA-
98205086333
2.
Views Exchange
Chartered
Accountants Study
Circle of EIRC
Proposed Valuation
Rule, Recent
Amendments in
NBFC & Overview
of Ind AS
BCCI, 6, N.S. ROAD
(Globsyn Hall),
Kolkata – 700 001
10th Jun’2017
15:00-19:00
CA KUSHAL
BHUWANIA
9831684929
4
3.
ANDHERI
OSHIWARA CPE
STUDY CIRCLE OF
WIRC
RERA AND
CHARITABLE
TRUST
Eden Hall, 2nd Floor
Raheja Classic Club,
Lokhandwala, New Link
Road, Andheri (West),
Mumbai – 400053
25th June’2017
08:45-14:00
PRADEEP H.
AGARWAL
9833282491
5
Batches for Upcoming
Courses
21
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Certificate Course on International Taxation
request is to be sent to the Secretariat of the
Committee for appropriate approvals.
Registration
Interested members can register themselves
by making an online payment of Rs. 25000/-
Minimum Number of Participants
Minimum no. of the participants should be 30.
The Maximum no. of participants should not
exceed 75.
CPE Hours
The participants of the Certification Courses
would be eligible for CPE Hours under
Structured Learning and Unstructured
Learning as per the CPE Advisories on
Structured Learning and unstructured
Learning.
The CPE hours credit will be granted to the
participants on the date of completion of the
course. No proportionate CPE hours would be
allowed to the participants.
The maximum CPE Hours granted for the
course would be as per the minimum
requirement recommended by the CPE
Committee for a Calendar year for the
members in practice
For any further clarification the Secretariat
of Committee on International Taxation
may be contacted at 0120-3045923/
Overall Scheme and Duration of the
Course
Course Sessions and Self Study 100 hours
(Around 16 days Training) Participants would
also be required to devote time for self study. An
assessment test is to be cleared (after
completing minimum of 90% of course
sessions) to be eligible to obtain the certificate.
Eligibility for Admission
The members of ICAI and the students who
have qualified their CA final examinations but
yet to obtain the membership number of the
Institute shall be eligible to pursue this
certificate course. However, the students who
have qualified their CA final examinations but
yet to obtain the membership number of the
Institute shall be eligible for
examination/evaluation only after getting their
membership number from the ICAI. None other
than the above are eligible for participating for
this certificate course.
Course Fee
The fee Rs. 25000/- is inclusive of first
evaluation fees. In case, there is the need of
second evaluation, rupees one thousand only
shall be charged by the Committee.
Schedule of the Course Sessions
The participants would be required to attend the
course sessions on weekends (Saturday and/ or
Sunday) from 10.00 AM to 5.30 PM. However, if
Region/ Branch and participants desire to
organise on any other day/time or on days then
Certificate Course on
ValuationHow to Register
Candidates have to fill in the Registration
Form available herein or at the website of the
Institute and submit the completed form by
mail for the purpose of registration long with a
copy of membership card/certificate of
membership and fees prescribed above vide
DD/Pay order.
Fees
Total amount to be paid for this Certificate
Course on Valuation is Rs. 25000 for Delhi,
Mumbai, Chennai and Kolkata and Rs. 20,000
for other cities (non-metro cities). This amount
is inclusive of fees for the examination to be
held after completion of the Course.
For any further clarification, contact the
Course Coordinator of Committee on
Corporate Laws & Corporate Governance
at 0120- 3045969/ [email protected]
ICAI Website
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Background
Certificate course on valuation was launched
in compliance of the decision of the Council of
the Institute of the Chartered Accountants of
India for its members and students of CA
course who have qualified the final
examinations. In the light of the emerging
diversities & complexities in valuation jobs, the
course has been designed to empower the
members to be the leaders in the global
service market.
Course Objective
The overall goal of this course is to build skills
and improve quality & confidence of the
members in carrying out valuation assignment
relevant to today's business. Given the current
global scenario, it has become extremely
important for us to understand what value
means, more so as value becomes pervasive
even in Accounting with the possibility of IFRS
implementation in the foreseeable future. This
course provides a framework for business
valuation and gives practical advice on using
the framework to value a business. The
course is balanced between lectures,
presentations, cases, and dissertations.
Eligibility
Members of the ICAI and students who have
cleared their CA final examination.
Duration of the course and classes
7 (Seven) days class rooms studies will
generally be held from 10:00 A.M. to 05:00
P.M. on weekends – Saturdays/ Sundays.
However, the Committee reserves the right to
reschedule the programme as well as timings
for any centre or all the centres.22
ABOUT US
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S.P. Chopra & Co. is a professional services firm established in
1949; Ranking amongst the top 20 firms in India
11 full time partners and staff strength of over 100
Offices in New Delhi, Mumbai, Canada and Dubai
Our firm offers Accounting, Assurance and Consultancy as its core business
lines for domestic and global businesses of medium to large size.
We have been empanelled with Reserve Bank of India, Royal Audit
Authority of Bhutan, United Nations and World Bank. We are also a
member of the Prime Global (an Independent association of more than
350 accounting firms all over the World).
24
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25
Business Process Outsourcing
Accounting and Book-keeping
Tax Return preparation
Payroll processing
Financial Reporting
Advisory
Business Risk and Control
Standard Operating Procedures
(SOPs)
Financial Due Diligence
Transaction Support
Assurance Services
Statutory and Tax Audit
IFRS Convergence and
Reporting
Internal Financial Control (IFC)
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Mob: 9899110300
