Articles by CA Amrita Chattopadhyay

Hospital service under GST

CA Amrita Chattopadhyay 12 July 2017 at 12:07

The main Entry No: 82 of Exemption List of Services from GST covers the main area of medical sector for Medical Practitioners.

Demonetization - Additional audit procedures

CA Amrita Chattopadhyay 08 June 2017 at 11:33

The objective of demonetization is to prevent the funding of terrorism as well as to crack down on black money in the country.

GST in e-commerce industry

CA Amrita Chattopadhyay 06 March 2017 at 16:36

With the fast changing business scenario, the way business is done is also changing rapidly. Presently, the buzz word is "E-Commerce"� or "Electronic Commerce"�.

GST - Caution for small traders and startups

CA Amrita Chattopadhyay 01 February 2017 at 10:58

GST is going to be a reality soon and it is going to impact almost each and every person who is in business.

Effect of demonetization and Benami property transaction act, 1988

CA Amrita Chattopadhyay 19 December 2016 at 11:40

It is important to understand the Benami Property Transaction Act along with the Income Tax Act to understand the impact of depositing the undisclosed income.

Importance of communication with management during audit of financial statement

CA Amrita Chattopadhyay 10 August 2016 at 11:13

Since the auditor is required to maintain the audit evidences, the oral communication is needed to be documented.

Significant changes introduced in the revised auditing standard - SA 570 going concern

CA Amrita Chattopadhyay 07 June 2016 at 10:41

The revised Auditing Standard introduced for SA 570 Going concern is for the audits of financial statements for the periods beginning on or after 01st April, 2017.Significant changes introduced in the standard:ScopeThe earlier standard which was effe

Risk of fraud in E-commerce business

CA Amrita Chattopadhyay 04 May 2016 at 10:49

IntroductionOne business segment which has seen continuous growth in the last decade is E-commerce despite of weak economy. While the E-Commerce business continues to grow, few people understand the risk associated with E-Commerce and IT. The growth

Comparison of internal audit and internal financial control

CA Amrita Chattopadhyay 17 March 2016 at 10:57

Executive SummaryThe Companies Act, 2013 has placed additional responsibility on the statutory auditor to report on the Internal Financial Control of the company as per clause (i) of sub-section 3 of section 134. Although the section was notified in

Auditor's role in handling big data

CA Amrita Chattopadhyay 10 December 2015 at 10:24

BIG DATA � ROLE OF AUDITOREXECUTIVE SUMMARYThe audit profession has gone through many changes from time to time from review of the financial figures to shifting the focus to risk assessment and internal control, and consideration of fraud in th