CAclubindia Articles

IND AS 108 - Operating Segments

Posted by Sachin 21 August 2021 18276 Views

IND AS 108 - Operating Segments is important for the stakeholders to understand and evaluate the performance of a business. However, it is not a part of Schedule III, but a part of SEBI disclosure.

Section wise Impact of LLP Amendment Act, 2021

Posted by CS Divesh Goyal 21 August 2021 1959 Views

Both houses of Parliament has approved the LLP Amendment Bill, 2021. Finally, the same got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021.

Relaxation From Passing Of Online Proficiency Test

Posted by CS Divesh Goyal 21 August 2021 862 Views

An individual shall not be required to pass the online proficiency self-assessment test when he has served for a total period of not less than three years as on the date of inclusion of his name in the data bank.

Amendment in provisions of independent director

Posted by CS Divesh Goyal 21 August 2021 1604 Views

MCA has issued The Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 on 19th August 2021 which will come into effect from 20th August 2021.

Penalty / Fine - LLP (Amendment) Act, 2021

Posted by CS Divesh Goyal 21 August 2021 1534 Views

The LLP (Amendment) Act, 2021 got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021. Let us discuss the changes in Fine / Penalty under the LLP Act, 2008.

What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

Posted by Bimal Jain 20 August 2021 7839 Views

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.

Audit Quality Maturity Model V 1.0 - Requirements For Human Resource Management

Posted by CA Amrita Chattopadhyay 20 August 2021 2410 Views

Audit Quality Maturity Model (AQMM) is a tool for self-evaluation of audit firms & sole proprietor towards technological driven mechanism to increase the operational efficiency.

Why isnt RBI doing anything about inflation?

Posted by BILAL KHAN 20 August 2021 1659 Views

The CPI stands at 6.26% in June 2021 compared to May 21 of 6.30%. This is over and above the RBI tolerance limit of 2-6%. However, for June 21 the data is provisional.

Confused while claiming ITC & the fuss for Rule 36(4) - Lets find out why?

Posted by Shivani Dundlodia 20 August 2021 6787 Views

To minimize the drawbacks of 2A, a new statement was launched i.e GSTR 2B. It is a static, month-wise auto-populated statement reflecting details of all the purchase-related details.