ICAI Clarification on Reservation in CA

ICAI Clarification on Reservation in CA

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ANNOUNCEMENT

The Institute has come across certain messages that are being aired in social media that some persons have approached to the Court of Law seeking direction to the Institute for making provisions for reservation in the Chartered Accountancy course.

In this regard, it is hereby informed that as per the information available with the Institute, no such case has been instituted in any Court of Law by any person seeking direction to the Institute for making provision for reservation in Chartered Accountancy course as no notice has been received by the Institute till date.

The general public is hereby advised not to pay any heed to such messages as being circulated by unscrupulous persons.

Secretary, ICAI

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Chartered Accountants and Students to get Concessional Fare from Jet Airways

Chartered Accountants and Students to get Concessional Fare from Jet Airways

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The Institute of Chartered Accountants in India (ICAI) has recently signed a memorandum of Understanding with the Jet Airways for providing concessional fare to its members and students.

On 30th November , ICAI President C A Nilesh Shivji Vikamsey confirmed this.

“Recently, we have signed an MoU with Jet Airways with regard to the concessional fare for our members and students. My Central Council colleagues CA. Mukesh Singh Kushwah, Chairman of Committee for Capacity Building of Members in Practice, who took the initiative, CA. Tarun Jamnadas Ghia and CA Anil Bhandari were also present on the occasion,” he said.

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#15% Discount on Base Price
#TravelValidity 1st Dec 17 to 30th Nov 18

This Concessional Fare arrangement envisaged for ICAI Members & Students, and their identity shall be established on the basis of their Membership number/Student Registration number as the case may be. The concessional airfare rates shall remain in vogue with respect to any member/student so long as his/her Membership/Registration with the Institute continues.

ICAI Removes Two CAs for Misconduct as Confirmed by the Allahabad HC

ICAI Removes Two CAs for Misconduct as Confirmed by the Allahabad HC

CA-Chartered-Accountants

The apex body of the Chartered Accountants, Institute of Chartered Accountants in India (ICAI) has removed three of its members for professional misconduct in various cases as confirmed by the Allahabad High Court.

On 25th April 2017, a division bench of the Allahabad High Court had confirmed the suspension of Mr. D.K. Agarwal, a Chartered Accountant (CA) for presenting forged copies of Challans on behalf of the assessee to the Income Tax department. He has been removed from the Register of Members for a period of five years under Section 22 read with Section 21 of the Chartered Accountants Act, 1949.

Further, the ICAI has notified that the name of Mr. D. K. Agarwal shall stand removed permanently from the register of members from the date of publication of this notification as per order of the High Court’s order dated 28th September.

In a separate notification, the ICAI suspended another Chartered Accountant, Mr. Satish Kumar Gupta for a period of three months from 01.12.2017 to 28.02.2018. this is in terms of the order of the Allahabad High Court, wherein the division bench confirmed the recommendation of the ICAI Disciplinary Committee to suspend him for by holding that using the name of a Chartered Accountant in the prospectus for Public issue, even after his resignation from the Company amount to “Other Misconduct” since it may mislead the investors. During the aforesaid period he shall not practice as a Chartered Accountant in terms of the said order of the Hon’ble High Court of Allahabad.

 

READ NOTIFICATION HERE

CBEC Notifies 2.5% CGST for Standalone Restaurants without Input Tax Credit and 9% for others

CBEC Notifies 2.5% CGST for Standalone Restaurants without Input Tax Credit and 9% for others

Restaurant-CA GROUPS

The Central Board of Excise and Customs (CBEC) on today notified that standalone restaurants are liable to pay CGST @ 2.5% whereas other restaurants would pay GST @9%.

The 23rd GST Council meeting held at Assam had decided to levy five per cent GST on standalone restaurants without allowing them input tax credit.

The notification issued today also reduced the rate of job work on “handicraft goods” @ 2.5%.

The Notification also substitute “Services provided” in item (vi) against Sl No. 3 in table.

The new rates are applicable from today.

DOWNLOAD the full text of the Notification below

DOWNLOAD NOTIFICATION