CA Category - Page 5 of 5 - Parag Gupta Classes

CA Intermediate GST Classes For CA Student

Shilpa Gupta / July 13, 2019

CA Intermediate GST (IPCC) Classes The objective of this document is to summarize all the updates of CA Intermediate GST Classes (CA IPCC) (Notifications, Circulars, other amendments, and updates) in one place.2 Central tax notifications,1 Integrated tax notification,And also the council has approved the new GST rates for the real estate sector in the 33rd meeting. CA Intermediate GST (CA IPCC) Important Notices 1.0 Notifications:Objective:I. Notification No. 8/2019_Central tax dated 08th Feb.2019:GSTR-7 (Return for TDS) for Jan’19 from 10th Feb’19 to 28th Feb’19 to 28th Feb’19.filing GSTR-3B for Jan’19 from 20th Feb to Feb.19 for Jammu & Kashmir Feb.19 for the remaining states III. Notification No. 2/2019_Integrated tax (Rate) dated 04.Feb.2019:Since the definition of exports and the Sec 54 of the CGST act have been amended to include the supplies to Nepal and Bhutan under definition of Exports, the Notification No.02/2019 was issued to rescind the exemption entry 10D (the exemption of IGST, for the supplies made to Nepal & Bhutan) of the Notification no.9/2017 dated 28th Jun’17. 2.0 CA Inter GST Classes CA Intermediate GST Circulars (CA IPCC): I. Circular No. 88/07/2019 Central Tax dated 01.02.2019:Circular No. 8/8/2017_04.10.2017_”Master circular relevant for the export procedures and refunds” was amended in view of the amendment allowing realization of export proceeds in INR, wherever allowed by the RBI (CA Intermediate/ IPCC). [2(6) of IGST act].Circular No. 38/12/2018_26.03.2018_”Clarification on issues related to Job Work” was amended to in view of the (IPCC) amendment carried empowering the Commissioner to extend the period for return of inputs and capital goods from the job worker and also the RCM on services received from un-registered job workers. [9(4) and 143 of CGST act.]Circular No. 41/15/2018_13.04.2018_” Procedure for interception of conveyances for inspection of goods in movement…………” was amended to in view of the amendment carried out extending the time limit from 7days to 14 days for owner/transporter to pay tax/penalty for seized goods. [Sec 129 of the CGST act]. CA Intermediate GST Updates (IPCC) After observing that the majority of taxpayers are not reporting details in Table 3.2 of GSTR-3B,III. Circular No. 90/09/2019 Central Tax dated 18.02.2019:IV. Circular No. 91/10/2019 Central Tax dated 18.02.2019:In Circular 46/2017_Customs_Dated 24.Nov.17, it was clarified that,In Circular 3/2018_IGST(CA Intermediate)_Dated 25.May.18, it was clarified that, considering the amendments in the Customs Tariff Act (IPCC),This shall be applicable w.e.f. 01.Apr.18.There was no provision in GSTR-1 for changing POS for such B2B supplies. If the supplier and recipient are in the same state, it was considered as Intra-state sales.3.0 33rd GST Council meeting updates (IPCC):I. GST on Residential properties The proposed GST rate for the residential flats are as followed: 1% for the Affordable housing5% for the othersFor qualifying as “affordable housing” below 2 conditions should be satisfied:Carpet area of up to 90 Sqm in non-metropolitan cities/towns and 60 Sqm in metropolitan cities andThe value < 45Laks in both Metro/Nonmetropolitan citiesThe effective date shall be 01.Apr.19.II. Others (IPCC)The existing rates shall continue for the commercial projectsThe taxation on betting and lotteries shall be taken up in the future council meetings. Click Here: CA Intermdiate New Course Also Read- CA Intermediate Courses CA Final Result 2019 CA Final Exam Date Sheet

CA, ICAI

ICAI – New Lease Accounting Standard Now in Effect

Shilpa Gupta / April 6, 2019

ICAI – New Lease Accounting Standard Now in Effect NEW DELHI: The new accounting standard for leases will bring substantial visibility of companies’ lease commitments and improve the quality of financial information about companies, chartered accountants’ body ICAI said Monday. Ind AS 116, which sets out the principles for recognition, presentation and disclosure of leases has been notified by the corporate affairs ministry. The standard is effective from Monday. senior government official said the standard would affect all industries where leases are a predominant component in their businesses and result in more transparency. ICAI President Prafulla P Chhajed said the new standard on leases ushers in a path-breaking reform in accounting for leases and would improve the quality of financial information. Leasing is a well-known and long established form of obtaining financeNSE 1.76 %. The new standard on leases ushers in a substantial change in the accounting for operating leases by lessees and few improvements in the disclosure-related aspects for lessors accounting, according to the Institute of Chartered Accountants of India (ICAI). It said the key changes in lessees accounting relate to introduction of single lease accounting model by elimination of classification between operating and finance leases, and recognition of gain/loss for sale and lease-back transactions. In the new lease accounting model for lessees majority of leases will be recognised on balance sheet by recognising a lease liability with a corresponding ‘right-of use’ asset,” the release said. The standard would have an impact on three components of financial statements — balance sheet, cash flow statement, profit and loss account. The, extent of impact would vary for each industry depending on the financing and leasing structures prevalent in that industry,” the release said. The institute also noted that the exemptions given for short term leases and low-value asset leases are expected to provide substantial relief from operational complexities to many companies. Ind AS 116 is expected to have a significant impact on various industries, including aviation where airlines mostly operate planes on lease. Leasing of aircraft rather than outright purchase is a common practice in the airlines industry worldwide. Source- Economic times

CA Online Classes

Parag / January 19, 2019

CA Online Classes is the best & new way of learning. A few years back, the student considered offline classes more preferable than online classes, but nowadays online classes are better than offline classes, as we don’t require extra storage space to save the videos and we can study them anywhere and at any time. Parag Gupta Classes provide “CA online classes” for CA FINAL Costing through- Mobile/Tablet Application (for New Course & Old Course) Why We Should Adopt-‘CA Online Classes’ Classroom Classes Outdated Since the Internet arrived, we are increasingly becoming more and more digital and digital mediums like mobile, tablets, laptops, PCs etc has also increased too. And this is the only reason that the books are replaced by Wikipedia and eBooks today. This is the era where even Newspapers are also replaced by Mobiles. In Classroom studies, there are certain disadvantages like- There are always some students who distract the class; It is not cost effective; and It does not give you the option to study at your convenient time. Rural areas did not get the chance to get the best facility/education. Why Choose Us ‘As Online Classes’ Mostly Teachers are worried about, how to educate the maximum number of student because they do not have enough time & technology or 1 single teacher cannot teach students all over India altogether. So now there are many technologies through which a teacher can teach students all over India even globally at the same time. Parag sir provides CA Final Costing Classes through Android Mobile Application. You Confurte Online Classes gives you the opportunity to learn at your convenient time and place. You can study anywhere & anytime. Suppose you are working in a firm & you don’t have much time to attend CA Coaching Classes, so you can enroll in our online batch at StudyByTech and study, and you can watch lectures anytime & anywhere at your office or at home whenever you like to study or you feel that you have time to study. The best thing is that you just require internet and Android Phone. Our IOS App will be launch in Nov 2018. Why Parag Gupta is Best for CA Online Classes Parag Gupta Classes is one of the pioneers in CA Online Classes in India. 1000+ Student Choose Parag Sir for costing, Reason is that sir’s teaching style & notes are very extraordinary exclusive and that is the reason student choose Parag Sir. Parag Sir uses cartoon, animated videos and keeps motivating students in the class. Sir’s PPTs are always considered as the best notes. Due to the online classes, now Sir is available even in the rural areas where earlier no such facilities were there. For any query related to Batches for subject CA Final Costing classes provided by Parag Gupta Sir, feel free to contact us at the following address/phone no./email id. Kindly call us or visit us at the office timings i.e 9:00 a.m to 7:00 p.m (except Sunday and public holiday), we will be happy to help you. Contact Us Click Here To Register for your FREE Demo Classes Also, Read [table id=6 /]

CA Classes in Gujarat

Studybytech / January 7, 2019

Given that the CA Foundation course is the prerequisite exam for the CA course, it is clear that there is a growing demand for CA and CA Foundation course coaching classes and institutes throughout India. You must enroll in the top coaching classes and institutes for the CA Foundation course if you want to pass this exam. Don’t worry, ‘StudyByTech’ offers CA Foundation Course classes with a qualified team. Here, we take care that our students shall get a good environment to study & shall flourish well in future. For this, we try to also develop students’ overall personality through these courses so that they won’t struggle in life. FROM WHERE TO STUDY? It’s very difficult for a student to pass the CA Foundation course without any coaching institute and an experienced counselor, but the ICAI will send you study materials after you sign up for the course so you can get ready for exams on your own as well. ‘StudyByTech’ is considered India’s best coaching institute for CA Classes. Our instructors can provide you with both theoretical and practical knowledge because they are highly qualified and experienced in both the corporate and teaching worlds. About the CA Foundation course WHAT IS CA FOUNDATION COURSE EXAM? : WHO CAN PURSUE THE CA FOUNDATION COURSE? Whether or not students are from the commerce stream, candidates can enroll in the CA Foundation course after completing their 12th-grade education. HOW TO APPEAR FOR THE CA FOUNDATION EXAM? The exam for the CA foundation course is offered twice a year, in May and November. Candidates must register themselves with the ICAI (Institute of Chartered Accountants of India) four months prior to the exams, i.e., if you want to appear in the May exam, you must do so by the end of December; or if you want to appear in the November exam, you must do so by the end of June. After taking the 12th-grade exams, a candidate can sign up for the CA foundation exam, but they are only qualified to take the test once they have passed the 12th grade. Therefore, you may register provisionally before receiving your 12th-grade results. Subjects and marking scheme in CA Foundation Course Exams? PAPER NO. Subject Marks Exam Type Min. Marks 1 PRINCIPALS AND PRACTICES OF ACCOUNTING 100 WRITTEN 40 2 A. BUSINESS LAW 60 WRITTEN 40 B. BUSINESS CORRESPONDENCE AND REPORTING 40 WRITTEN 3 A. BUSINESS MATHEMATICS AND LOGICAL REASONING 60 OBJECTIVE 40 B. STATISTICS 40 STATISTICS 4 A. BUSINESS ECONOMICS 60 OBJECTIVE 40 B. BUSINESS AND COMMERCIAL KNOWLEDGE 40 STATISTICS In order to pass the CA Foundation course, a candidate must receive at least 40% on each exam, with a minimum 50% overall score. FAQ Q. 1- What courses are available in ‘StudyByTech’? A-1 ‘StudyByTech’ currently has a vast number of CA, CS, and CUET, CLAT exam preparatory courses for students to choose from, along with a learning platform of their own choice. Students can learn from the CA training institute located in Laxmi Nagar or choose from Pen Drive/Google Drive CA lectures, online video lectures, or Mobile apps. Students get a quality education here with the best facilities for CA in Agra. Team ‘StudyByTech‘ includes one of India’s best CA faculty panels that has successfully trained 350 All India Rankers with five times Air 1. COURSES AVAILABLE AT STUDYBYTECH CA Classes CUET IPM BBA/BMS/BBM Hotel Management Mass Communication LAW Q.2- Which are the best CA classes? A.2- ‘StudyByTech’ started in December 2010, and have built their coaching empire up to the sky levels in the CA world. Being the best CA coaching class, ‘StudyByTech’ has been serving CA students for the last 2 decades now. Q.3- Can we do CA after the 12th? A.3- Yes, after Class 12th, you can give CA Foundation exam after the registration through ICAI official website. Q.4- Can I learn CA on my own? A.4- The majority of students are confused about whether they can pass the CA without coaching or not. In actuality, according to our experience, you can pass the CA exam if you commit to CA and dedicate your study time religiously. Otherwise, taking coaching classes in offline or online mode can maintain your study schedule and regular tests & doubt sessions can help you on a proper path to get success in exams. Also Read About Other Courses [wpforms id=”240″] RECENTLY PLACED TRAINEES Contact Us [wpforms id=”3323″]