Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company
« ICAI »
  Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
 Group to look into the intricacies involved in areas wherein changes need to be made and amendments to the Chartered Accountants Act, 1949 pertinent to Disc. Mechanism and the Rules framed thereunder
 National Economic Advisory Committee of ICAI invites applications for the research work.
 Regarding Empanelment of professionals for at least fifteen years of continuous practice as a Chartered Accountant with MCA as Mediator or Conciliator.
 CPE Events 24 October - 29 October 2016
 Public Notice in the matter of wrong marketing of ICAI course by private colleges/educational institutes.
 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board
 Clarifications regarding exemptions in a paper(s) in CA Examinations
 Request to give suggestions on the Draft Rules and Regulations to the Insolvency and Bankruptcy Code, 2016 as issued by the Ministry of Corporate Affairs.
 Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2016
 The Chartered Accountants’ Students Benevolent Fund (CASBF)

ICAI tests facilitation for GST
April, 14th 2010

In a move towards implementation of Goods and Services Tax (GST), the Institute of Chartered Accountants of India (ICAI) is testing the e-filing of returns to central excise and service tax assessees via facilitation centres.

ICAI is the facilitator of Finance Ministrys e-initiative to provide facility of e-filing of returns and documents to Central Excise and Service Tax assessees through Certified Facilitation Centres.

This is a move towards GST. In GST, you cannot be successful unless you are on the electronic format. One you have the entire data on the electronic platform, so to that extent you are going to gain and from here you would move onto GST straightway, the only thing extra would be larger number of taxes, Amarjit Chopra, president, ICAI, told DNA.

The official added there are 65,000 chartered accountants in practice and about 35,000 firms; the institute is expecting 20,000 facilitation centres to come up in 2010.

The institute members can also provide other services to customers, which would help to earn additional stream of revenue. A Certified Facilitation Centre (CFCs) is a facility, which will be set up and operated by practicing chartered accountants in individual capacity or as proprietor or firm.

Chopra is expecting 1,200 firms to converge to IFRS in the first phase of the implementation. ICAI has said that all insurance companies will convert by April 1, 2012, while scheduled commercial banks and those urban co-operative banks (UCBs), which have a net worth in excess of Rs 300 crores will convert by April 1, 2013 in compliance with the first set of Accounting Standards.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions