Internal Financial Control Exemption to Private Companies

As per provisions of Section 143(3)(i) of Companies Act,2013 (hereinafter referred as CA 2013), The Auditor Report shall state whether the Company has adequate IFCs with reference to financial statements in place and the operating effectiveness of such controls. For... Read More →

Posted in Audit & Assurance |

Remote Auditing

The general framework for auditing is changing from planning the audit to review procedures. Now entire audit is carried out using remote techniques. This is done completely without the physical presence of the auditor on site. Remote auditing provides major... Read More →

Posted in Audit & Assurance |

Relief to Exporters by the Government by Extending them the Export Incentives and Exemptions

The present Foreign Trade Policy (FTP) 2015-2020, which came into force on April 1, 2015, had a five-year validity i.e. up to March 31, 2020. In view of the unprecedented situation arising out of the COVID-19 pandemic, the government has decided... Read More →

Posted in GST |

CBIC Clarified Certain Issues Related to Refund Under GST

Various clarifications have been issued for refund related matters in different span of time under GST, a master circular (C.No.125/44/2019-GST dated 18.11.2019) was also issued subsuming most of the earlier refund related issues. Again CBIC, by way of Circular No.... Read More →

Posted in GST |

Start-Up India Scheme

Start-up India Scheme is an initiative by the Government of India for generation of employment and wealth creation. The goal of Start-up India is the development and innovation of products and services and increasing the employment rate in India. Ministry... Read More →

Posted in Regulatory |