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THE CA JOURNAL

     
 
 
FROM THE PRESIDENT
My dear Professional Colleagues,
Good governance has always been at the core of all successful institutions across the globe. The imperative need to have good governance surfaced to demarcate the division between its ownership and its management. Concept of corporate governance rests on the fulcrum of transparency behind all decisions taken, accountability for the said decisions and safeguarding the interests of stakeholders. Chartered Accountancy profession and good corporate governance are interconnected as one cannot think of good governance without regulating the financial and other practices of the organisations in so far they have societal impact....
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FEATURES INSIDE...
Editorial Photographs Accountant’s Browser
Opinion Forthcoming Events And Classifieds
ICAI In Media Backpage
 
OUR ACHIEVER
Performance of ICAI as educator and standard-setter has been excellent— Says ITAT President CA. G. D. Agrawal.
 
ARTICLES
CORPORATE GOVERNANCE
Evolution of Governance and Ethical Leadership – CA. T. N. Manoharan
Salient Amendments in the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) – Regulations, 2018 – CA. (Dr.) Debashis Mitra
Whistle Blower Mechanism: From a Compliance Measure to Tool of Corporate Integrity – CA. Vinod Kothari and Ms. Vallari Dubey
SOCIAL RESPONSIBILITY
Corporate Social Reporting: A Theoretical Perspective in Current Scenario in India – CA. Sandeep Purwa
GLOBAL PERSPECTIVE
ICAI Members may have CA ANZ Membership— through Unilateral Arrangement Pilot International Pathway Scheme – Editorial Board Secretariat and International Affairs Committee.
ACCOUNTING
Challenges in Ind AS Implementation – CA. Parag Kulkarni
AUDITING
Auditors’ Role in an Initial Public Offering – CA. Shivam Goenka
INFORMATION TECHNOLOGY
ERP Implementation is Hard Nut to Chew – CA. Nitin Jain
GST
Anti-Profiteering in GST – The Way Forward – CA. Ajay Sharma, CA. Vishal Gill and CA. Atul Gupta
GST on Education Sector – CA. P. Harini Sridharan
Classification of Goods under GST Regime – CA. Ashish Kumar Bansal
BANKING AND FINANCE
A Note on ‘TBTF’ Banks – Sarika Rakhyani
 
 
 
 
MERGERS AND ACQUISITIONS
Cross Border Mergers – A Summary of Recent Developments – CA. Divya Ashta
 
CIRCULARS AND NOTIFICATIONS
DIRECT TAXES
1. CBDT notifies the Protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait- Notification No. 21/2018, dated 04-05-2018.
2. II. PRESS RELEASES/INSTRUCTIONS/OFFICE MEMORANDUM
  1. CBDT achieves another milestone by signing its 200th UAPA in April, 2018– Press Release, dated 3-5-2018.
INDIRECT TAX
CUSTOMS
Clarification regarding Import by EOU/EHTP/STP/BTP without payment of duty by following Rule 5 of Customs (import of Goods at Concessional Rate of Duty) Rules, 2017.
GOODS & SERVICES TAX
1. Central Goods & Service tax (Fourth Amendment) Rules, 2018 FEMA.
2. Clarification on taxability of “tenancy rights” under GST.
3. Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4.
4. Roll-out of e-Way Bill system for Intra-State movement of goods in the States/ Union Territory of Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Pondicherry from 25th April, 2018.
5. Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017.
6. Two Group of Ministers Constituted to consider the issues relating to “Incentivising digital payments in the GST regime” & “Imposition of Cess on Sugar under GST”.
FEMA
1. External Commercial Borrowing (ECB) Policy – Liberalisation and Rationalisation.
2. Monitoring of Foreign Investment Limits in Listed Indian Companies.
 
LD/66/178 Bombardier Transportation India Private Limited vs.Dy. Commissioner of Income Tax 09th April, 2018.
LEGAL DECISIONS
INCOME TAX
LD/66/171 Kaushalya Devi vs.Commissioner of Income Tax 20th April, 2018.
LD/66/172 Covanta Samalpatti Operating Private Limited vs. Asst. Commissioner of Income Tax, Chennai 04th April, 2018.
LD/66/173 Vedanta Limited vs. Principal Commissioner of Income Tax, Delhi 19th March, 2018.
LD/66/174 Commissioner of Income Tax vs. Sri Vasavi Gold & Bullion Private Limited 20th February, 2018.
LD/66/175 Commissioner of Income Tax vs. Millennium Estates Private Limited 30th January, 2018.
Transfer Pricing
LD/66/176 The Commissioner of Income Tax vs. Petro Araldite Pvt. Ltd.26th April, 2018.
LD/66/177 Comm Vault Systems (India) Private Limited vs. Dy. Commissioner of Income Tax 11th April, 2018.
Service Tax
LD/66/179 Power Mak Industries vs. CCEC&ST 1st February, 2018.
LD/66/180 AVC MC Cormack Ing Pvt. Ltd. vs. CCE&C 13th December 2017.
LD/66/181 M/s Reliance Securities Ltd. vs. CST 13th December 2017.
Excise
LD/66/182 Jubilant Life Sciences Ltd. vs. The Commissioner of Central Excise 16th April, 2018.
LD/66/183 M/s Nyati Hotels and Resorts Pvt. Ltd. vs.CCE 13th April, 2018.
LD/66/184 Spykar Lifestyles Private Ltd. vs.The Commissioner of Central Excise, Thane 11th April, 2018.
LD/66/185 Dinshaws Dairy Foods Ltd. vs.CCE 27th March, 2018.
Disciplinary Case
CBI vs. CA. XYZ Facts of the case.
 
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