NICASA Newsletter Feb Final - nirc-icai.org Newsletter_Feb Final.pdf · Sumit Garg NICASA Chairman 2 CA. Rakesh Makkar NICASA Member 3 CA. Deepak Garg NICASA Member 4 Ashish Maheshwari

NORTHERN INDIA CHARTERED ACCOUNTANTS STUDENTS ASSOCIATION

Vol. No: 4

February, 2019

HIGHLIGHTS FOR THE NICASA YEAR 2018-19

EDITORIAL BOARD

1 CA. Sumit Garg NICASA Chairman

2 CA. Rakesh Makkar NICASA Member

3 CA. Deepak Garg NICASA Member

4 Ashish Maheshwari Vice-Chairman

5 Alok Kumar Shah Secretary

6 Vidiya Shankar Pandit Treasurer

7 Jitendra Kumar Member

8 Luv Aggarwal Member

9 Md. Asif Alam Member

10 Navendu Shekhar Chaturvedi Member

11 Prakash Sharma Member

12 Rahul Kumar Jha Member

13 Rishu Raj Member

14 Shikhar Gulati Member

15 Shubham Jain Member

Regional Council Members ( NIRC of ICAI)

CA. Pankaj Periwal Chairman, NIRC of ICAI 9 417240316

CA. Nitin Kanwar Vice- Chairman, NIRC of ICAI 9 810387163

CA. Pooja Bansal (Mrs.) Secretary, NIRC of ICAI 9 810550051

CA. Rajender Arora Treasurer, NIRC of ICAI 9 891112120

CA. Sumit Garg NICASA, Chairman 9 560064645

CA. Deepak Garg NICASA, Member 9 811064105

CA. Rakesh Makkar NICASA, Member 9 811104384

CA. Rajesh Kumar Agrawal Member, NIRC of ICAI 9 868156062

CA. Yogita Anand (Mrs.) Member, NIRC of ICAI 9 582447118

CA. Swadesh Gupta Member, NIRC of ICAI 9312580854

CA. Alok Jain Member, NIRC of ICAI 9 899259011

CA. Vivek Khurana Member, NIRC of ICAI 9868520786

CA. Rajinder Narang Member, NIRC of ICAI 9 416045023

Central Council Members- ICAI ( Northern Region):

CA. Prafulla Premsukh Chhajed (President, ICAI) 9821090612

CA. Gupta Atul Kumar (Vice-President, ICAI) 9810103611

CA. Chugh Hans Raj 9811207924

CA. Jain Pramod 9811073867

CA. Nanda Charanjot Singh 9811130985

CA. Sharma Rajesh 9810277394

CA. Singhal Sanjeev 9811565606

NICASA TEAM 2018-2019

Jitender KumarMember, NICASA

Ashish MaheshwariVice-Chairman, NICASA

CA. Deepak GargNICASA, Member

CA. Rakesh MakkarNICASA, Member

Alok Kumar ShahSecretary, NICASA

Vidiya Shankar PanditTreasurer, NICASA

Rahul Kumar JhaMember, NICASA

Luv AggarwalMember, NICASA

Md. Asif AlamMember, NICASA

Navendu Shekhar Chaturvedi

Member, NICASA

Prakash SharmaMember, NICASA

Shikhar GulatiMember, NICASA

Shubham JainMember, NICASA

Rishu RajMember, NICASA

CA. Sumit GargNICASA, Chairmen

Message from the Chairman in Office, NICASA

Let me start with my communication by wishing

all of you a very Happy and Healthy Life.

As the result of CA Final, IPCC and Foundation has

been declared, I congratulate you all who came

with shining stars and all those who did not

succeed this time, be positive, analyse your

mistakes and give your best shot in your next

attempt. I wish you all a successful and bright

future ahead.

As a Team NICASA, we had done lots of activities

for the benefits of students at large. Recently in

January 2019 we had celebrated “CA Students

Fest’ in which lots of students performed,

showed their talent in activities other than

academics and feels proud to share that it is one

of the most entertaining event, I had enjoyed in

the recent times.

During the NICASA Year 2018-19, we undertook

numerous activities for the betterment of

students which are mentioned for your reference

as under:

• GST Certificate Course for 10 Days

• Ind AS Certificate Course for 6 Days

• Regular Classes for Foundation, Inter & Final

• Fast track Classes for Foundation, Inter & Final

• Introduced Students Newsletter during the

current year

• Hosted National CA Students Conference in

the month of December 2018

• Organized CA Students Festival in the month

of January 2019

• Mock Test Series before every attempt for

Foundation, Inter & Final

• Weekly Seminar on different useful topics

• Regular Coordination with Students for

compulsory training program such as

Advance MCS, ITT and Orientation course

• Industrial Visit for Students

• Educational Media House Visits

• CA Students Talent Search (Delhi Level &

Regional Level)

During my tenure, I tried my best to serve students

fraternity and looks forward to your views,

feedback and suggestions on our working. I hope

students will find this newsletter informative and

useful. I compliment my team of other NICASA

members for their contribution. I would also like to

put on record the support of the Chairman and

other members of Northern India Regional Council

in the activities of NICASA.

Before concluding, would like to say only one thing:

“Believe in yourself, You all are competitive to

create wonders in this world. A simple failure can

not stop you to achieve what you deserve in your

life”

Wish you all the best for your future

Nic

asa

Chair

man

Dear Professional Colleagues,

194

CA. Sumit GargChairman, NICASA

22nd February, 2019

195

February, 2019 NICASA E-NEWSLETTER

IND AS 10 : EVENTS AFTER THE BALANCE SHEET DATE

CA. Hari Narayan

Solution:

PROBLEMS & SOLUTIONS

196


Key Changes in GST in relation to International Transaction including Import-Export

• Changes in CGST Act vide THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018

1. Entities not registered under GST are liable to pay tax on Import of servicesSourceClause 30 of the CGST Amendment Act, 2018.Affected ProvisionSchedule I of the CGST Act, 2017AmendmentSchedule IImport of services by a taxable person from a related person or from any of his other establishments outside India, in the course or furtherance of business. The portion marked in red has been omitted

Effect of the AmendmentThe provision has been amended so as to bring any unregistered person involved in import of services under the purview of GST if carried out in thecourse orfurtherance of business from a related person or an or any of their other establishments outside India. Such person is now liable to register andpay taxeson such import of services.

2. Merchant trade transactions, high sea sales and supply of warehoused goods before clearance for home consumptions not to be treated as suppliesSourceClause 32 of the CGST Amendment Act, 2018.Affected ProvisionSchedule III of the CGST Act, 2017AmendmentThe provision marked in red below has been inserted in Schedule III:7. Supply of goods from a place in the non-taxable territory to another place in the non-taxable territory without such goods entering into the taxable territory.

8 (a) Supply of warehoused goods to any person before clearance for homeconsumption.(b) Supply of goods by the consignee to any other person, by endorsement of documents of title to the goods, after the goods have been dispatched from the port of origin located outside India but before clearance for home consumption.Explanation. - For the purposes of this clause, the expression “warehoused goods”shall have the meaning as assigned to it in the Customs Act, 1962 (52 of 1962)

Effect of the Amendment1. This amendment covers three transactions:a. Merchant Trade transactions (Supply of goods from one non-taxable territory to another)b. High Sea Sales (Sale of goods after dispatch from port of origin but before clearance for home consumption)c. Supply of warehoused goods before clearance for home consumption2. Earlier, these transactions were covered vide the definition of supply. However, they were not leviable to tax under the IGST Act which requires the chargeability only as per the Customs law. So, they were considered as Non-GST supply.

3. Multiple registrations for each place of business andseparate registration for SEZSourceClause 13 of the CGST Amendment Act, 2018.Affected ProvisionSection 25(1) and (2) of the CGST Act, 2017AmendmentThe provision marked in red has been inserted.25(1). Every person who is liable to be registered under section 22 or section 24 shall apply for registration in every such State or Union territory in which he is so liable within thirty days from the date on which he becomes liable to registration, in such manner and subject to such conditions as may be prescribed:

CA. Navya Malhotra

197


Provided that a casual taxable person or a non-resident taxable person shall apply for registration at least five days prior to the commencement of business Provided further that a person having a unit, as defined in the Special Economic Zones Act, 2005, in a Special Economic Zone or being a Special Economic Zone developer shall have to apply for a separate registration, as distinct from his place of business located outside the Special Economic Zone in the same State or Union territory.";25(2). A person seeking registration under this Act shall be granted a single registration in a State or Union territory:Provided that a person having multiple business verticals in a State or Union territory may be granted a separate registration for each business vertical, subject to such conditions as may be prescribed:Provided further that a person having multiple places of business in a State or Union territory may be granted a separate registration for each such place of business subject to such conditions as may be prescribed:

Effect of the AmendmentMultiple registrations were allowed earlier only in case of separatebusiness verticals. The law now allows a separate registration for each place of business in respect of persons having multiple places of business in a state.It has now been expressly provided in the Act that a person in a SEZ or being a SEZ developer have to apply for separate registration as compared to his registration in respect of the place of business located outside the SEZ in the same state or territory. Earlier the said provision was contained only in the CGST Rules. Torationalize such provision, the empowering provision is now given in the Act.

4. Multiple registrations for each place of business andseparate registration for SEZSourceClause 2(I) of the IGST Amendment Act, 2018Affected ProvisionSection 2 (6) clause (iv) of the IGST Act, 2017AmendmentPortion marked in red above has been inserted“export of services” means the supply of any service when, ––(i) the supplier of service is located in India;(ii) the recipient of service is located outside India;(iii) the place of supply of service is outside India;(iv) the payment for such service has been received by the supplier ofservice in convertible foreign exchange or in Indian Rupees where permitted by the Reserve Bank of India; and

Effect of the AmendmentThere was a requirement for receipt in foreign exchange in case of export of services. In cases of Export to Nepal and Bhutan, the RBI has permitted the use of Indian Rupees as the mode of

payment.The definition of export of services was amended to include receipt in Indian rupees as per RBI regulations for the qualification as exports.

5. Place of supply in case of goods transported outside India where the supplier and recipient are in IndiaSourceClause 5 of the IGST Amendment Act, 2018Affected ProvisionSection 12(8) of the CGST Act 2017Amendment12 (8) The place of supply of services by way of transportation of goods, including by mail or courier toa registered person, shall be the location of such person;a person other than a registered person, shall be the location at which such goods are handed over for their transportation:Provided that if the transportation of goods is to a place outside India, the place of supply shall be the place of destination of such goods.

Effect of the AmendmentA new proviso has been included which states that the place of supply in case the goods are transported outside India shall be the place of destination of such goods in a situation wherein the supplierand recipient are located in India.

6. Place of supply outside India where goods temporarily imported into India & then exported without being put to use after any treatment or process carried out on it, to be outside IndiaSourceClause 6 of the IGST Amendment Act, 2018Affected ProvisionSection 13(3) clause (a) of the IGST Act, 2017

CONCLUSIONIn this article, the author has tried to summarize the recent developments under GST. However, author is of the view that being a new statute, legislature will make necessary amendments once the practical difficulties in implementation of statute are experienced.For any clarification or discussion on this article, the author may be contacted at E-mail: [email protected] author is working in the GST Consulting domain and currently providing services related to GST support on various clients. His mobile number is +91 84471 37367.Disclaimer: The views in this article are author’s point of view. This article is not intended to substitute the legal advice. No portion of this article may be copied, retransmitted, reposted, duplicated or otherwise used, without the express written approval of the author.

198


Highlights of Interim Budget 2019

NO COUNTRY CAN SUCCEED WITHOUT ENCOURAGING THE GROWTH OF ECONOMY AND THE BIGGEST WAY TO SUCCEED IS NOT BY RAISING THE TAXES OR CUTTING THE SPENDINGS, ITS BY INTRODUCING THE HIGH-QUALITY REFORMS IN THE AGE OF GLOBALISATION AND TECHNICAL CHANGE.

Stating that the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, we have given the most decisive, stable and clean Government and have undertaken transformational structural reforms. We have reversed the policy paralysis engulfing the nation and have restored the image of the country Hon’ble Piyush Goyal has presented the Interim Budge 2019, which is the last Budget of NDA government led by Prime Minister Narendra Modi. He added the last five years have witnessed a wave of next generation structural reforms, which have set the stage for decades of high growth and undertaken path breaking structural reforms by introducing Goods and Services Tax (GST) and other taxation reforms.

Moving towards realizing “New India” --- Here are the Highlights of Interim Budget 2019.

FOR POOR AND BACKWARDS CLASSES :-

• Ensuring the right of poor and backward class people Government has maintained 10% reservation for SC/ST/Other Backward Classes in educational institutions and Government services. In these institutions, around 25% extra seats (approximately 2 lakh) will be provided so that, there is no shortfall of presently available/reserved seats for any class.

• To provide food grains at affordable prices to the poor and middle classes. 60,000 crores are being allocated for MGNREGA in BE 2019-20 so that everyone gets food and none goes to sleep hungry.

• Aim, is to provide urban facilities in villages while keeping the soul of rural life intact.

• Launching of the world’s largest healthcare programme , Ayushman Bharat, to provide medical treatment to nearly 50 crore people to benefit Lakhs of poor and middle class people by

reduction in the prices of essential medicines, cardiac stents and knee implants, and availability of medicines at affordable prices through Pradhan Mantri Jan Aushadhi Kend.

FOR FARMERS PROGRESS :-

• With the Aim to support the Farmers and double their Income for the first time in history has fixed the minimum support price (MSP) of all 22 crops at minimum 50% more than the cost.

• To provide an assured income support to the small and marginal farmers, our Government is launching a historic programme namely “Pradhan Mantri KIsan Samman Nidhi (PM-KISAN)”. Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of `6,000 per year. This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of ` 2,000 each. The programme would be made effective from 1 st December 2018 and the first instalment for the period upto 31st March 2019 would be paid during this year itself.

• Government has introduced a proposed outlay of 75,000 crore for PM-KISAN for the FY 2019-20.

• Reiterating the Commitment Government has now decided that all farmers affected by severe natural calamities, where assistance is provided from National Disaster Relief Fund (NDRF), will be provided the benefit of interest subvention of 2% and prompt repayment incentive of 3% for the entire period of reschedule of their loans.

INFRASTRUCTURE DEVELOPMENT :-

• Railway is Considered as Largest and safest mode of Travelling so, Introduction of the first indigenously developed and manufactured semi high-speed "Vande Bharat Express" will give the Indian passengers world class experience with speed, service and safety. Capital support from the budget for railways is proposed at 64,587 crore in 2019-20 (BE).

CA. PREITY NAGI

199


FOR EDUCATION SECTOR :-

• The government will start a national programme on Artificial Intelligence to harness the benefit from new age technologies in identified areas. A national programme on artificial intelligence has been envisaged by the government, which will be catalysed by the establishment of the National Centre of AI as a hub along with centres of excellence. Nine priority areas have been identified for the same. The Union Minister added that a national AI portal will be developed soon.

INCOME AND TAXATION :-

• Citing an 80% growth in tax base and tax collection increasing to Rs 12 lakh crore this year, the Union Minister promised IT refunds and returns in 24 hours. He added that within nearly two years, almost all assessment and verification of IT returns will be done electronically by an anonymized tax system without any intervention by officials.

• Announcing the Interim Budget, acting finance minister Piyush Goyal proposed that individuals earning up to Rs 5 lakh would get a full tax rebate. This will provide tax saving of up to Rs 12,500 for all taxpayers in this bracket. Those who save more can effectively push this rebate up to an income of Rs 6.5 lakh.

• Since there is no change in slab, this is a rebate then it will not Impact the tax Incidence of those with larger incomes though it will be beneficial to salaried persons as they can add home loans and tuition fees to get additional benefits.

• Benefit to the assesse having Gross Income up to 6.5 Lakhs if make Investments in provident funds, specified savings, insurance etc may not required to pay tax. In fact, with additional deductions such as interest on home loan up to 2 lakh, interest on education loans, National Pension Scheme contributions, medical insurance, medical expenditure on senior citizens etc, persons having even higher income will not have to pay any tax. This will provide tax benefit of ` 18,500 crore to an estimated 3 crore middle class taxpayers comprising self employed, small business, small traders, salary earners, pensioners and senior citizens.

• The FM also raised standard deduction raised from Rs 40,000 to Rs 50,000 for the salaried Employees.

• TDS threshold on interest earned on bank/post office deposits is being raised from 10,000 to 40,000. This will benefit small depositors and nonworking spouses. Finance Minister had in Budget 2018 introduced a standard deduction of Rs. 40,000 for the salaried class. This additional deduction was proposed in lieu of existing deductions of Rs 15,000 for medical reimbursement and Rs 19,200 for transport allowance.

• Further, the TDS threshold for deduction of tax on rent is proposed to be increased from 1.8 lakh to 2.4 lakh for providing relief to small taxpayers.

ILLUSTRATIVE Method to Calculate the Maximum Taxability of the Assessee:-

PM SHRAMYOGI MAAN DHAN YOJANA FOR UNORGANISED SECTORS

• A new pension scheme has been proposed to benefit at least 100 million unorganised labourers. The scheme will be called PM Shramyogi Maan Dhan Yojana. The pension plan is worth Rs.500 Cr and is for those earning below Rs.15,000. Beneficiaries will get an assured monthly pension of Rs.3,000 after retirement. Workers will contribute Rs.100 per month on joining. This scheme is expected to benefit 10Cr workers.

The ESI cover limit has been increased to Rs.21,000. The minimum pension was also increased to Rs.1000.

GOODS AND SERVICE TAX :-

• The government announced that businesses with less than Rs.5 Cr annual turnover, comprising over 90% of GST payers, will be allowed to return quarterly returns. The government also proposed 2% interest subvention on loan of 1 crore for GST registered MSME units. However, no changes were announced in the corporate tax.

According to the Finance Ministry it is not merely an Interim Budget, but a medium of the country's development journey. All the transformation that we are witnessing, is because of the passion of the people of our nation. Government is laying down the long term vision for the healthy growth of the economy and enhance the living standard of the people by introducing many reforms through this latest budget 2019. As per this budget Government

trying to convey that through progressive thoughts and their applicability we can deliver a strong economy and opportunity for all.

1910


BUDGET 2019 : Key Highlights

Half of households are target; PM Modi calls it trailer

In this budget, two critical voter segments were targeted: an estimated 12 crore farmer families and 3 crore middle-class taxpayers. It handed them more money that can spur consumption-led growth.

With the LokSabha elections just a couple of months away, the NDA government’s last Budget, which Prime Minister NarendraModidescribed as a “trailer” of what will take India “towards prosperity”, targeted two critical voter segments: an estimated 12 crore farmer families and 3 crore middle-class taxpayers. It handed them more money that can spur consumption-led growth.

DIRECT TAX

Income-Tax Slab Rates

• There is no change in incometax slab rates.

Relief to tax payers

• Section 87A is being amended to provide relief to the individual taxpayers by increasing the maximum amount of tax rebate to Rs. 12,500/- from existing Rs. 2,500/- for the taxpayers having total income up to Rs. 5 Lakhs, instead of existing Rs. 3.50 Lakhs. No relief would be available in case the total income of individual exceeds Rs. 5 Lakhs. (w.e.f. AY 2020-21)

Income from Salary

• Section 16 is being amended to increase the Standard Deduction from earlier Rs. 40,000/- to Rs. 50,000/- per annum or actual salary whichever is lower in order to provide relief to salaried class persons. (w.e.f. AY 2020-21)

Income from House Property

• Section 23 is being amended to provide relief to the taxpayer by allowing him an option to claim nil annual value in respect of any two houses, declared as self-occupied, instead of one such house as currently provided.

• Notional rent in respect of unsold inventory is not being charged to tax upto two years instead of one year from the end of financial year in which certificate of completion is obtained from competent authority. (With effect from AY 2020-21)

Capital Gain

• Section 54 is being amended to provide relief to taxpayers having long term capital gain uptoRs. 2 crores arising from transfer of a residential house, by affording the assessee a 1 time opportunity, at his option to utilise such amount for purchase or construction of two residential house in India instead of one residential house as currently provided.

Deductions

• The time limit is being extended under section 80-IBA from 31st March 2019 to 31st March 2020 in order to avail deduction of 100 % of profits and gains derived from the business of developing and building housing projects.

Tax Deducted at Source (TDS)

• In order to ease the tax burden section 194A is being amended to increase the threshold limit for TDS on interest income, other than interest on securities, paid by a banking company, co-operative society or a post office from existing Rs. 10,000/- to Rs. 40,000/-

• Section 194-I is being amended to increase the threshold limit for TDS on rental income from existing Rs. 1.80 Lakhs to Rs. 2.40 Lakhs.

CA. Pranav Khanna

1911


OTHER ACTS AMENDMENTS

INDIAN STAMP ACT, 1899

• Section (2)(1) is being substituted to define “allotment list” which means a list containing details of allotment of the securities intimated by the issuer to the depository.

• Section 2(7A) is being inserted to define “clearance list” which means a list of transactions of sale and purchase relating to contracts traded on the stock exchanges submitted to a clearing corporation in accordance with the law for the time being in force in this behalf.

• Section 2(7B) is being inserted to define “clearing corporation” which means an entity established to undertake the activity of clearing and settlement of transactions in securities or other instruments and includes a clearing house of a recognised stock exchange.

• Clauses 11 to 21 of the Bill seek to amend the Indian Stamp Act, 1899 for levy and administration of stamp duty on securities market instruments by the States at one place through one agency, viz., through Stock Exchanges or its Clearing Corporation or Depositories on one instrument, and for appropriately sharing the same with respective State Governments based on State of domicile of the ultimate buying client.

MONEY-LAUNDERING ACT, 2002

• Clause 22 section 8(3) is being amended to extend the time limit of ninety days for which the attachment shall remain valid during the period of investigation to three hundred and sixty-five days and also to provide that in computing the period of three hundred and sixty-five days, the period during which the investigation is stayed by any court shall be excluded.

OTHER GENERAL

AGRICULTURE AND FARMER

• Government has fixed the minimum support price (MSP) of all 22 crops at minimum 50% more than the cost with the aim to double the income of farmers.

• Proposing an outlay of f75,000 crore for PM-KISAN for the FY 2019-20. Also providing f20,000 crore in the Revised Estimates of FY 2018-19.

• For providing Soil Health Cards, quality seeds, irrigation scheme and Neem Coated Urea to remove shortage of fertilizers to farmers.

• Increased the allocation for RashtriyaGokul Mission to f750 crore in the current year itself.

• “RashtriyaKamdhenuAayog” is to be set up to upscale sustainable genetic upgradation of cow resources and to enhance production and productivity of cows.

LABOUR AND WORKERS DIGNITY

• Government proposes to launch a mega pension yojana namely ‘Pradhan MantriShram-Yogi Maandhan’ for the unorganised sector workers with monthly income upto f15,000. This pension yojana shall provide them an assured monthly pension of f3,000 from the age of 60 years on a monthly contribution of a small affordable amount during their working age.

STRENGTHENING DEFENCE AND NATIONAL SECURITY

• The Government announced substantial hike in the Military Service Pay (MSP) of all service personnel and special allowances given to Naval and Air Force personnel deployed in high risk duties.

• Defence Budget will be crossing f3,00,000 crores in 2019-20. If necessary, additional funds would be provided.

DIGITAL INDIA

• The Common Service Centres are expanding their services and also creating digital infrastructure in the villages, including connectivity, to convert the villages into Digital Villages.

• The Government will make 1 lakh villages into Digital Villages over next five years.

• More than 3 lakh Common Service Centres (CSCs) employing about 12 lakh people, are digitally delivering several services to the citizens.

P.M. Modi said the PM-Kisan was a historic step for farmer welfare and the PM Shram Yogi MaandhanYojana will be of great help for workers in the unorganised sector.

“The budget will empower the poor, give a boost to the farmer and an impetus to the economic growth”

1912


FORTHCOMING PROGRAMMESDate Activity Name Venue

25th February, 2019 to 6th March, 2019

10 Days Certificate Course on GST E-52, Prashant Vihar, Rohini, Delhi

25th February, 2019 to 2nd March, 2019

6 Days Certificate Course on IND AS 383/10B, East Azad Nagar, Near Swarn Cinema, Delhi.

Starting from 3rd March, 2019 onwards

Fast Track Classes on Final Groups-II Course (Old & New Course)

ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.

Starting from 11th March, 2019 onwards

Regular Classes on Intermediate IPC Group-I Course.

ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.

Starting from 14th March, 2019 onwards

Crash Classes on IPCC Groups-II. ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.

NIRC of ICAI

Mock Test Paper (Series-I)

Date Sheet for Foundation Course for May, 2019 attempt

Details are available on NIRC Website (www.nirc-icai.org)

Venue: ICAI Bhawan, Vishwas Nagar, Shahdara,

Near Karkardooma Court, Delhi.

S. No.

Date

Time

Paper -

Foundation 1

8.03.2019

10 AM –

1

PM

Paper-1: Principles and Practice of Accounting

2

8.03.2019

2.00 PM –

4.00 PM

Paper-3: Business Mathematics and Logical Reasoning & Statistics

3

9.03.2019

10 AM –

1

PM

Paper-2: Business Laws and Business Correspondence and Reporting

4

9.03.2019

2.00 PM –

4.00 PM

Paper-4: Business Economics and Business and Commercial Knowledge

RS. 400/-

For Foundation Course

For online Registration

Please Visit: www.nirc-icai.org/seminars

ENTRY BY ONLINE REGISTERED STUDENTS ONLY

TEAM NICASA ----------------

1913


NIRC of ICAI


Date Sheet for Intermediate (New & Old Course)

for May, 2019 attempt

Details are available on NIRC Website (www.nirc-icai.org)

Venue:

ICAI Bhawan, Vishwas Nagar, Shahdara, Near Karkardooma Court, Delhi.

S. No.

Date

Time

Paper –

Intermediate (IPC) –

New Course

(IIPC) –

Old Course

1

11.03.2019

2 PM –

5

PM

Paper-1: Accounting

Paper –

1: Accounting

2

12.03.2019

Paper-2: Corporate and Other Laws

Paper –

2: Business Laws, Ethics and Communication

3

13.03.2019

Paper-3: Cost and Management Accounting

Paper –

3: Cost Accounting and Financial Management

4

14.03.2019

Paper-4: Taxation

Paper –

4: Taxation

5

15.03.2019

Paper-5: Advanced Accounting

Paper –

5: Advanced Accounting

6

16.03.2019

Paper-6: Auditing and Assurance

Paper –

6: Auditing and Assurance

7

18.03.2019

Paper-7: Enterprise Information Systems & Strategic Management

Paper –

7: Information Technology and Strategic Management

8

19.03.2019

Paper-8: Financial Management & Economics for Finance

RS. 400/-

For IPC-I Group (New Course)

RS. 400/-

For IIPC-I Group (Old Course)

RS. 400/- For IPC-II Group (New Course)

RS. 300/- For IIPC-II Group (Old Course)

RS. 800/- For IPC-Both Group (New Course)

RS. 700/- For IIPC-Both Group (Old Course)

For online Registration

Please Visit: www.nirc-icai.org/seminars ENTRY BY ONLINE REGISTERED STUDENTS ONLY

TEAM NIRC

----------------

1914


NIRC of ICAI


Date Sheet for FINAL (New & Old Course) for May, 2019 attempt Details are available on NIRC Website (www.nirc-icai.org)

Venue:

ICAI Bhawan, Vishwas Nagar, Shahdara, Near Karkardooma Court, Delhi.

S. No.

Date

Time

Paper –

Final –

New Course

Final –

Old Course1

20.03.2019

2 PM –

5

PM

Paper-1: Financial Reporting

Paper –

1: Financial Reporting

2

22.03.2019

Paper-2: Strategic Financial Management

Paper –

2: Strategic Financial Management

3

23.03.2019

Paper-3: Advanced Auditing and Professional Ethics

Paper –

3: Advanced Auditing and Professional Ethics

4

25.03.2019

Paper-4: Corporate and Economic Laws

Paper –

4: Corporate and Allied Laws

5

26.03.2019

Paper-5: Strategic Cost Management and Performance Evaluation

Paper –

5: Advanced Management Accounting

6

27.03.2019

Paper-7: Direct Tax Laws and International Taxation

Paper –

6: Information Systems Control and Audit

7

28.03.2019

Paper –

7: Direct Tax Laws

8

29.03.2019

Paper-8: Indirect Tax Laws

Paper –

8: Indirect Tax Laws

9

30.03.2019

Paper

-

6A: Risk Management

Paper

–

6B: Financial Services & Capital Markets.

Paper

–

6C: International Taxation.

Paper

–

6D: Ecomonic Laws.

Paper

–

6E: Global Financial Reporting Standards.

Paper

–

6F: Multi-Disciplinary Case Study.

RS. 400/-

For FINAL-I Group (New & Old Course)

RS. 400/-

For FINAL-II Group (New & Old Course)

RS. 800/-

For FINAL-Both Group (New & Old Course)

For online Registration Please Visit: www.nirc-icai.org/seminars

ENTRY BY ONLINE REGISTERED STUDENTS ONLY

TEAM NIRC----------------

Details are available on NIRC Website i.e www.nirc-icai.org

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Date Name of Programme(s) & Venue

1st April, 2018

2nd – 7th April, 2018

3rd – 13th April, 2018

16th & 17th April, 2018

22nd April, 2018

29th April, 2018

20th May, 201821st May, 2018 – 26th May, 2018

27th May, 2018

Seminar on How to Face CA ExamsVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.6 Days Crash Course on IND As Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.10 Days Refresher Course on GST Venue: Prashant Vihar, New DelhiTwo Days Counselling Sessions for IPCC & Final CA Students.Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Seminar on How to Face CPT/Foundation ExamsVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Seminar on Banking Exports & Key Relationship Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Delhi Level CA Students Talent Search 2018Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.CPT Mock Test Series – I for CPT Students of June, 2018 Exams Venue: Laxmi Nagar, Vishwas Nagar & Prashant Vihar Delhi.

ACTIVITIES OF NICASA

Students who have cleared CA Inter and Better luck next time for those who could not make it.Multiple open positions for CA Interns/ Articles to get wider exposure on varietyof areas in a renowned CA firm dealing primarily

with Foreign Companies (Clients from Europe, Asia Pacific, Middle East & US Region) Work Office Location : Delhi, Gurgaon, Jalandhar, & Pune

(Excellent cross training across locations/Domestic n International clients)

Areas No. of Positions :A. Compliance 4Accounting, Indirect Tax Incl. GST, Roc related work, FEMA, RBI, DGFT & Intl. Trade LawsB. Assurance 3Mystery n Stock audits, Risk consulting (Internal audit), Financial Due Diligence, Limited reviews Bank AuditsC. Direct Taxation. 2Direct taxes compliance incl. TP, International Tax, Withholding taxD. Social Laws. 1Payroll & Labour Laws, Workplace Statutory Compliances Other Non Revenue LawsE. Advisory 2MI Reporting Design, Streaming ERP Dashboards, Cost Optimization, Asset Protection Revenue Assurance, Profitability Analytics, Loss Prevention, Client Centricity

Stipend best in industry Email your CV with subject ‘Articleship’ at [email protected] (9815745275)

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30th May, 2018

10th June, 2018

10th June, 2018

11th – 16th June, 2018

11th – 16th June, 2018

16th – 27th June, 2018

15th June, 2018

17th June, 2018

21st June, 2018

24th June, 2018

1st July, 2018

1st – 5th July, 2018

2nd July, 2018

5th – 16th July, 2018

9th – 14th July, 2018

15th July, 2018

Workshop on ITR Filling Venue: F-6, IIIrd Floor, Vijay Chowk, Laxmi Nagar, Delhi.CA Students Talent Search 2018 (Regional Level)Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.CPT Mock Test (Series-II) Venue: ICAI Bhawan, Vishwas Nagar, Delhi, Laxmi Nagar & Prashant Vihar.6 Days Certificate Course on GSTVenue: Laxmi Nagar Library, New Delhi6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.10 Days Certificate Course on GSTVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.An Industrial Visit at NPCILVenue: Narora Atomic Power Station, Bullandshahr (U.P.).Seminar on GSTVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Yoga Day Venue: Andhra Public School, ITO, New Delhi.Seminar on Learning Excel & GSTVenue: 383/10B, East Azad Nagar, Near Swarn Cinema, DelhiFollowing Programmes were organised on the Occasion of CA Day 2018. • Marathan (from Yamuna Sports Complex to Vishwas Nagar)• Tree Plantation• Flag Hoisting Ceremony• Blood Donation CampVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.5 Days Workshop on GST(Only for Female Commerce Students)Venue: Sri Guru Gobind Singh College of Commerce, University of Delhi, Opposite TV Tower, Pitampura, Delhi – 110088Workshop on GST for Female Member/CA StudentVenue: F-6, IIIrd Floor, Vijay Chowk, Laxmi Nagar, Delhi10 Days Certificate Course on GSTVenue: Prashant Vihar & Vishwas Nagar6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Workshop on Practical Aspects of Companies ActVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.

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22nd July, 2018

23rd – 28th July, 2018

29th July, 2018

5th August, 2018

6th – 11th August, 201815th August, 2018

15th August, 2018

27th August, 2018

27th August, 2018

28th August, 2018

28th August, 2018

29th August, 2018

29th August, 2018

29th August– 8th September, 20185th September, 2018

8th September, 2018 -17th September, 20181st & 3rd October, 20184th & 12th October, 2018

Seminar on GST (Audit) & Competition on Art & CraftVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Seminar on Income Tax Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Seminar on How to Score Exemption in EIS-SM & Audit and Motivation & Memory TechniquesVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Flag Hoisting on the Independence DayVenue: F-6, Vijay Chowk, Laxmi Nagar, DelhiFlag Hoisting on the Independence DayVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Mock Test Series-I of FoundationVenue: F-6, IInd Floor, Vijay Chowk, Laxmi Nagar, DelhiMock Test Series-I of Foundation Venue: 383/10B, East Azad Nagar, Near Swarn Cinema, Delhi.Mock Test Series-I of Foundation Venue: F-6, IInd Floor, Vijay Chowk, Laxmi Nagar, DelhiMock Test Series-I of FoundationVenue: 383/10B, East Azad Nagar, Near Swarn Cinema, Delhi.Mock Test Series-I of Intermediate (New & Old Course) Venue: F-6, IInd Floor, Vijay Chowk, Laxmi Nagar, DelhiMock Test Series-I of Intermediate (New & Old Course)Venue: 383/10B, East Azad Nagar, Near Swarn Cinema, Delhi.10 Days Certificate Course on GSTVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Teachers’ Day Celebrations Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Mock Test Series-I of Final (Old & New Course) Venue: Laxmi Nagar & East Azad Nagar, DelhiFoundation Mock Test Series-II Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, DelhiIIPC (Old & New Course) Mock Test Series-II Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi

1918



13th & 23rd October, 201823rd – 29th October, 201828th October, 2018

25th November, 2018

2nd December, 2018

22nd December, 2018

30th December, 2018

4th – 13th January, 20196th January, 2019

6th January, 2019



26th January, 2019

28th January, 2019

3rd February, 2019

10th February, 2019

FINAL (Old & New Course) Mock Test Series-II Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.AGM of NICASAVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.CPT Mock Test Series-I Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, DelhiCPT Mock Test Series – IIVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, DelhiStudents Conference 2018 Venue: NCUI Auditorium & Convention Centre, August Kranti Marg, New DelhiSeminar on GSTVenue: F-6, IIrd Floor, Vijay Chowk, Laxmi Nagar, Delhi10 Days Certificate Course on GSTVenue: F-6-7, Vijay Chowk, Laxmi Nagar, DelhiAudition of CA Students Festival Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, DelhiSeminar on GSTVenue: 2/81 & 82, Gali No. 2, behind Vikas Marg, Gurudwara, Lalita Park, Laxmi Nagar, Delhi10 Days Certificate Course on GSTVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Students FestivalVenue: Shah Auditorium, ISBT, Kashmere Gate, Delhi6 Days Certificate Course on IND ASVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Seminar on GSTVenue: ICAI Bhawan, Vishwas Nagar, Shahdara, Delhi.Flag HoistingVenue: Vishwas Nagar & Laxmi NagarSeminar on Ad. Excel Venue: F-6, IIrd Floor, Vijay Chowk, Laxmi Nagar, DelhiSeminar on Direct & Indirect Tax (Amendment)Venue: ICAI Bhawan, Vishwas Nagar, Shahdara, DelhiWorkshop on GSTVenue: F-6, IIIrd Floor, Vijay Chowk, Laxmi Nagar, Delhi

1919


20

Foundation, Intermediate Both & Final Classes of NIRC of ICAI

Team NIRC is pleased to inform that we are organizing state of the Art, CoachingClasses for Foundation, Intermediate & Final Exams.

Focused study plan as per ICAI Exams.Experienced and Subject Expert Faculty.Separate class Notes for each Subject.Suitable timings for all classes before and after the office hours.Most comfortable environment for studies.

For more information visit us on www.nirc-icai.org.Any queries contacts : [email protected] | Ph : 011-30100500, 30100514

Team NICASA


Documents

NICASA Newsletter Feb Final - nirc-icai.org Newsletter_Feb Final.pdf · Sumit Garg NICASA Chairman 2 CA. Rakesh Makkar NICASA Member 3 CA. Deepak Garg NICASA Member 4 Ashish Maheshwari