Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: list of goods taxed at 4% :: cpt :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT Audit :: due date for vat payment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 A tax saver scheme with higher returns
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know

5,000 cos comply with mandatory cost audit: ICAI
August, 03rd 2013

In the first full year, over 5,000 companies have complied with the Ministry of Company Affairs order on mandatory cost audit.

In May 2011, MCA made cost audit mandatory for manufacturing units in sectors such as cement, tyre, steel, fertiliser, bulk drugs, formulations, sugar, paper, insecticides, petrochemicals, electricity and telecommunications.

A.S. Durga Prasad, Vice-President of the Institute of Cost Accountants of India, said here on Thursday said the indications suggested that managements of 5,000-odd companies submitted independently audited cost records with the MCA by September 30, 2012.
}
In the second year, more companies are expected to submit cost audit records. Introduction of the audit substantially increased the number of cost accountants, around 1,000, turning towards auditing.

According to Suresh Chandra Mohanty, President of ICAI, currently there are some 2,383 practising cost accountants in the country.

The Union Government in recent years has taken initiatives to build and maintain authenticated cost records. These are to understand and analyse the costs of the Indian manufacturing sectors for tax purposes or for effective handling of issues like anti-dumping duties or inflation.

The institute, apart from undertaking capacity building and skill development exercises, is also currently focussing on cost related research. ICAI President said the Ministry of Commerce has asked it to study and analyse cost issues relating to anti-dumping duties.

The institute has established a cell for taxes. The cell will work on issues related to direct and indirect taxes with reference to generally accepted cost standards.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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