Posted On:  3 months ago


On Blockage of Working Capital of Exporters

There are lots of apprehensions expressed in the media about the problem of blockage of working capital for exporters’ post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports are not based on facts

article author CA Chirag Chauhan

Posted On:  5 months ago


Short FAQs on Tweets Questions received by GST_GOI handle

The tweets received by ask GST_ GoI handle were scrutinized and developed into a short FAQ of 100 tweets.

article author CA Chirag Chauhan

Posted On:  9 months ago


CA guilty of professional misconduct for failure to report suspicious book entries

The Council of ICAI noted that huge payments were made by PCL on behalf of its subsidiary, Altos India Ltd. (AIL) but no disclosure of the same was made by the auditor. Further, it was also concluded that there were suspicious adjustment entries between AIL and PCL which ought to have raised a doubt about the genuineness of the transactions and ought to have been detected and reported by the CA.

article author CA Chirag Chauhan

Posted On:  2 years ago


Know all about ECB- external commercial borrowings in India

What is External commercial borrowings in Indian context ? ECB is allowed/permitted to all companies/entities ? OR who is eligible to take ECB ? ECB funds can be utilised for what purposes ?

article author CA Nikesh Sheth

Posted On:  2 years ago


DRAFT REGISTRATION PROCEDURE OF GST – THERE IS A SCOPE FOR IMPROVEMENT

“Sincere” is the word when combined with the word “Effort” makes the road to success as smooth and reliable. Such sincere efforts are being made by the Central Government for paving the path to Good and Services Tax (GST). The government with the aim to implement the GST w.e.f. 1.4.2016 has issued a draft for persual of experts, trade associations, etc. to suggest the flaws and improvements thereupon. This draft is in form of ‘Report of The Joint Committee on Business Processes for GST’. This report is divided into three parts namely GST Registration, GST payment process and GST refund process. This article is an attempt to analyze the first part of this report namely ‘GST Registration’.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Points to be considered before taking business loan

Steps to be taken while raising loan from banks and some of the tips or considerations while taking loans from the banks/NBFC etc. Although it is subjective but I have gathered comprehensive guide on the basis of general policies followed by banks and other financial institutions.

article author CA Nikesh Sheth

Posted On:  2 years ago


Tips for Professional Practice development and startup

Planning to start your own professional service business ?? Following are Tips for starting your practice by developing understanding of critical considerations required before and after starting your professional practice.

article author CA Nikesh Sheth

Posted On:  2 years ago


Auditors Financial Statement

A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The purpose of a financial statement audit is to add credibility to the reported financial position and performance of a business.

article author CA Nikesh Sheth

Posted On:  2 years ago


Fraud Detection Questionnaire for Conducting Audit

That an auditor has the responsibility for the prevention, detection and reporting of fraud, other illegal acts and errors is one of the most controversial issues in auditing, and has been one of the most frequently debated areas among'st auditors, politicians, media, regulators and the public. So following are some questionnaire regarding fraud detection for conducting audit.....

article author CA Nikesh Sheth

Posted On:  3 years ago


corporate finance

article author CA Chirag Chauhan