Taxmann's Analysis | Addressing SA 700 Non-Compliances – Key Observations and AASB Guidelines


Book Description

Despite issuing various guidance notes and technical guides by the Institute of Chartered Accountants of India (ICAI), the Quality Review Board (QRB) has identified multiple instances of auditors' non-compliance with SA 700. This article discusses some commonly observed non-compliances with SA 700's reporting requirements and provides the suggested guidelines from the Auditing and Assurance Board (AASB) of ICAI. The coverage includes: ‣ Reporting under Section 143(3)(c) of the Companies Act, 2013 ‣ Reporting with Regard to Materiality Description ‣ Partial Reporting of Key Audit Matters ‣ Separate UDIN for Statutory Audit and Tax Audit




Follow the Wall


Book Description

A gripping white-collar crime thriller - when the hopes of three men wrongfully interned in prison are suddenly raised by promise of an early release - only to find it rudely snatched away by powerful hands - can three young girls make the impossible happen? Especially when it is about raising more money than they can imagine? Not to forget the vengeance they badly hope for. "Follow the Walls" carries on from where "Maze of Deceit" (published in 2018) pauses.







Sustainable Risk Management


Book Description

Here, expert authors delineate approaches that can support both decision makers as well as their concerned populations in overcoming unwarranted fears and in elaborating policies based on scientific evidence. Four exemplary focus areas were chosen for in-depth review, namely:- The scientific basis of risk management- Risk management in the area of environmental and ecological policy- Risk management in radiation medicine- Risk management in context with digitalization and roboticsGeneral as well as specific recommendations are summarized in a memorandum. Fundamental thoughts on the topic are presented in the introductory part of the book. The idea for and contents of the book were developed at a workshop on “Sustainable Risk Management: How to manage risks in a sensible and responsible manner?” held in Feldafing at Lake Starnberg (Germany) on April 14 to 16, 2016. The book offers important information and advice for scientists, entrepreneurs, administrators and politicians.




e-Invoice the Encyclopedia for Indian GST


Book Description

e-Invoicing is new to Indian Tax Payers, but it is implemented in 100+ countries acrossthe globe and has still not matured. e-Invoicing is implemented in all the countries in a phased manner, and India is also following the same. In India, e-Invoicing will be rolled out from 1st Oct 2020, as one of the anti-tax evasion measures for taxpayers who are having a turnover above Rs 500 crores in a financial year. Similar to the rollout of GST, where the taxpayers have to change the business process for effective implementation, the rollout of e-Invoice also involves changes in the business process, and the book covers the same. It also talks about the implementation in some of the countries, along with the benefits of e-Invoice to the taxpayers and the nation as a whole. The book provides a unique combination, as it talks about the provisions of the e-Invoice and the impact on the business and interpretation of provisions related to the same and also the API architecture and schema of Invoice Reference Number. The books also explains the reader on what is an e-Invoice? What is IRN? How it is generated? What is QR code in e-Invoicing etc., The book also discusses the implementation process the corporates have to adopt for the rollout and also various methods of implementing the e-Invoice in organizations. It also talks about the best methods of implementing the same, along with validations to be incorporated in the system. e-Invoice the Encyclopedia for Indian GST covers all the aspects of the e-Invoicing from the functional, technical and legal aspects.




Good And Simple Tax – GST for You


Book Description

The Goods and Service Tax rolled out in India on 1st July 2017 subsuming a plethora of taxes into a single tax and enabling input tax credit at every stage of the supply chain, thereby making the prodcuts and services cheaper to the end consumer. The rollout of GST also improves the ease of doing business in India. The way the business is carried out in India is undergoing a major change as the terms of manufacture, purchase, sale, and service is replaced with a single word called “Supply.” The author covers all these topics like Supply, Place of Supply, Time of Supply and Valuation with easy to understand examples so that the trade and industry can benefit at large from the same and change their business practices accordingly. “GOOD AND SIMPLE TAX - GST FOR YOU” is a written in layman’s language and it explains the complex GST requirements in a simple and lucid language with examples. - CS Vasudeva Rao Devaki, DV Rao and Associates




Maze of Deceit


Book Description

'My boy,' Ravanan said, 'You can do nothing about your birth. But whether you live in that shame and die the same way, like your parents did, is something that you and you alone shall decide... The moment you decide to change all this, it is only a question of time. You will find the right people. A godfather. Right friends. Everything will take you to just where you want to be.' Mohanan has nightly visions of the ten-headed demon-god. They began shortly after desperate poverty forced his father to throw himself before an oncoming train and his mother's subsequent suicide. Now, a grown man, the demon still calls to him to relentlessly climb the echelons of power and stamp out those standing in the paths of his ambitions. Ibrahim Hafeez lost his family when he was a teenager to communal fires. Years later, the fire of vengeance continues to rage in him as he acquires vast tracts of land, consuming those who come in his way. Dr Benjamin Jose craves recognition. His strange predilection compels him to obtain that by hook or by crook. Neethu, a beautiful woman, has an unquenchable thirst for money and men. When destiny throws these four together, they form an unholy alliance. As they develop a deep friendship, their lust for power and money will make them a force to reckon with, wreaking havoc on innocent people as they weave their maze of deceit. Will their sins catch up with them as they go about taking what they want, spinning political and financial intrigues? Or will they get away with anything...even murder?




Prospective Financial Information


Book Description

This resource provides interpretive guidance and implementation strategies for all preparation, compilation examination and agreed upon procedures on prospective financial information: Helps with establishing proven best-practices. Provides practical tools and resources to assist with compliance. Exposes potential pitfalls associated with independence and ethics requirements. SSAE No. 18 SSARS No. 23 Preparation and compilation engagements now fall under the SSARSs The attestation engagements require an assertion from the responsible party




Circulars and Regulations


Book Description




Roll Up Your Sleeves for GST


Book Description

"India has a complicated taxation system. This is made even more complex thanks to its federal system with each state having its own taxation rules and regulations. This makes it difficult for business houses and organizations, and very often, the complex tax structures end up having a negative impact on consumers as they end up paying more for goods and services. The proposed Goods and Services Tax or GST has been in the pipeline for quite some time. Finance Minister Arun Jaitley hopes to pass the bill by April 2016. The author takes us on a journey from the history of taxation in India, to its current practices and the future…if GST is implemented. You can learn about the intricacies, pros and cons of GST in this easy-to-read, pithy book."