Going Beyond!!!August 2019

Hiregange Academy(A Division of Empower Education Foundation®)

- Empowering Knowledge & Employability

Disclaimer: The “Going beyond” is meant for informational purpose only and does not purport to be

advice or opinion, legal or otherwise, whatsoever. The information is not intended to be relied upon as the

sole basis for any decision which may affect you or your business. Before making any decision or taking

any action, you should consult a qualified professional adviser.

Hiregange Academy 1

Hiregange Academy

GST & case laws

Customs & FTP

Notfns & Students

Other Updates

Reach us at:Hiregange Academy#1010, 1st floor, 26th main,(Above Corporation Bank)4th ‘T’ Block, Jayanagar,Bangalore 560 041Mob. – 7338181965lalitha@hiregangeacademy.comwww.hiregangeacademy.com

2

Indirect Tax & Other aspects

❖ GST Special

➢ ITC eligibility on business promotion goods

➢ GST Audit – Difficulty of Certification

❖ Case laws

❖ Customs & FTP

❖ Other

➢ Professional Services- Billing Dilemma

❖ Notifications & circulars

Hiregange Academy

❖ Look out for

➢ Corporate training program

➢ Students portal

➢ Other updates

➢ Happenings at Academy

Compendium

ITC eligibility on business promotion goods

Before the introduction of GST in India, the levy of erstwhile indirect taxes resulted in

cascading to some extent of taxes adding to cost of goods or services. For example, the

sales tax paid on inter-State purchase of goods was never allowed to set-off against

output sales tax payable. Another example could be levy of sales tax on entire sale value

including excise duty amount. GST was introduced from July 2017 to avoid the

cascading effect of taxes on supply of goods or services. However, restriction of input tax

credit (ITC) on certain goods and services such as construction goods/ services, goods

used for personal consumption, goods lost /stolen/ destroyed/ issued as free samples /

gifts etc., has not allowed complete removal of cascading effect of taxes on value of goods

or services. Business entities as a part of their promotional schemes distribute various

goods to distributors/ customers/ prospective customers. ITC in relation to such goods

is subject to litigation as department has started denying such credits.

ITC eligibility in GST

In pre-GST regime, the CENVAT credit of excise duty paid was allowed only on goods

used in relation to manufacture of goods. Similarly, the VAT credit was restricted to the

extent used goods used for sale of goods. In GST, credit of GST paid on procurements

would be eligible on all goods and services as long as they are used or intended to be

used in course or furtherance of business. In terms of Section 16 (1) of CGST Act 2017,

every registered person subject to certain conditions and restrictions prescribed, would

be entitled to take credit of input tax charged on supplies to him which are used or

intended to be used in the course or furtherance of his business.

There is no doubt that goods used in relation to business promotion are used in course

or furtherance of business as no business would like to do it without expecting return in

form of additional business.

ITC restriction on goods/ services

Section 16 allows for credit on goods/ services subject to conditions. In terms of Section

17, ITC would not be eligible on inward supplies which are used in relation non-business

purpose including GST exempt supplies. If partially used, then proportionate credit to

the extent used in relation to taxable supplies would be eligible as ITC.

Section 17(5) includes list of goods / services which are generally restricted for credit in

spite of the fact that they are used in relation to business. Some of them are listed below:

i. Motor vehicles for transportation of passengers having approved seating capacity of

not more than 13 expect when used in specified supplies;

ii. Food and beverages, outdoor catering, beauty treatment, health services, cosmetic

and plastic surgery except where an inward supply of goods or services or both of a

particular category is used by a registered person for making an outward taxable

supply of the same category of goods or services or both or as an element of a

taxable composite or mixed supply;

iii. Goods or services used in construction services except when used in providing

construction service;

iv. Goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples.

GST

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If the goods/ services find entry in any of the above [refer Section 17 (5) for full list], then

ITC of GST paid would not be eligible which adds to the cost of goods or services.

ITC on business promotion goods

In any business, distributors play a pivotal role in promotion of goods. It is very common

for business entities to spend lot of money in incentivising the distributors for promoting

the goods or achieving the set target which could be volume of purchases made. In

addition to this, many entities distribute goods like dairy, calendars, pens and other gift

items for events such as annual day, new year, Diwali etc.

ITC is allowed on inputs used in course or furtherance of business. “Furtherance” means

making progress, promotion etc. Therefore, goods used for business promotion could get

covered under the eligibility clause. However, it is important to ascertain if such goods

fall under the terms ‘gift or free samples’ being restricted for credit. The term ‘gift’ is not

defined in the GST law and reference to other sources such as dictionary, Gift Tax Act

1858 (which got repealed in 90s) and few court decisions provides the meaning as

voluntary transfer of goods or immovable property without any consideration. There

should not be any expectation from the giver of gift from recipient. However, many a

times there would be contractual obligations under these schemes wherein the goods

would be distributed to customers/ distributors for meeting set target. In such a

scenario, it may not be ideal to term such distribution as ‘gift’. Same time it cannot be

free sample also unless same goods in which tax payer is dealing are issued to

customers as samples. It is also true that in ascertaining the cost of goods sold, value of

business promotion goods would be normally considered.

It is relevant to note that there can be counter argument to this, wherein the tax

authorities may hold it as permanent transfer or disposal of business assets without

consideration wherein GST liability would arise in terms of Schedule I. If so, ITC would

be allowed but GST on supply to distributors/ customers could be demanded. Recent

circular no.92/11/2019 of GST also makes this aspect clear. It may be noted that there

is a view among a section of experts that schedule I is applicable only for capital assets.

Treatment of goods as discounts

Another contention which could be taken in case of business promotion goods

distributed is to treat them as discounts. As the consideration can be in money or in

kind, even the discount can be in kind in form of goods. An alternative argument can be

made to state that goods distributed are in form of discounts and not gifts to deny the

input tax credit.

Advance rulings on business promotion goods

Though the legal interpretations support credit eligibility, there are couple of advance

rulings (Biostadt India Limited and Sanofi India Limited – Maharashtra advance ruling

authority) wherein the argument as to eligibility was not bought by the authorities. The

authorities have held that in absence of written contract and consideration, the goods

distributed to customers to be treated as ‘gifts’ and credit not eligible.

GST

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Conclusion

Considering the overall objective of the introduction of GST, restriction of credit on free

samples or gifts issued as part of business promotion is not being taken well among the

business community. It is fact that promotion results in increase in business and in turn

increase in GST revenue. Government needs to relook at such restrictions. Though

advance rulings have restricted the credits, authors are of the opinion that as long as

such distribution is not in the nature of ‘gift’, credit should not be denied.

Entities may also need to relook the business promotion schemes and consider the

option of giving price discount (which may be resisted by distributors as issue of goods is

traditional practice) highlighting the possible litigations in GST. Professionals need to be

cautious while advising the clients on the credit eligibility and provide for alternative

remedies to avoid litigations.

- CA Madhukar N Hiregange

- CA Mahadev R

GST

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GST Audit – Difficulty of Certification

The GST audit u/s 35(5) would be needed for about 10-20 Lakh tax payers In India It is

being conducted by the following category of professionals:

❖ Professionals who is well versed in GST: May have completed the ICAI/ Other

Certificate Course and kept updated. Majority of them would be the younger

professionals who may not have a large number of clients under GST Audit. [Maybe

10% of Total]

❖ Professionals who are aware of the GST law generally and feel that they can manage

by referring to the ICAI Background Material or a GST Audit Publication- [ 2-3 good

books are in the market which provide the information to understand each of the

reconciliations and disclosure necessary. [ Maybe 20% of Total]

❖ Professionals who know how to audit-but have lesser knowledge of GST. [ 50% of total]

❖ Indirect tax practitioners who support or obtain the signature from the professionals

[20%]

For the professionals who sign, there is a significant risk if the audit is not conducted

properly. The first risk is that after a couple of years- client gets a huge demand. Client

would have expected the Auditor to prevent this. Second could be a charge of negligence

by the client. Third could be the revenue writing to the regulator that the audit was not

done professionally and without knowledge of GST.

Win- Win- Win Possibility:

The persons in category 1 above who are on top of GST could offer a limited retainer for

support in filling of annual returns and certification for the professionals in 2,3,4 or even

5. This retainer could be based on the number of clients of the signing professionals or

otherwise. This should be on payment of some fees- nominal or on full professional basis

to being accountability to the advisor. It could also depend on the location.

In larger cities it could be 1-5k per client (depends of size and number of locations),

smaller ones less. The scope would be limited to only resolving queries and not giving

opinions which can be made clear in the written engagement. After March 2020

[expected time to complete the 2020 audit] the assignment would end. Fees could also be

billed on monthly basis to enable disconnection if the signing professional feels the

service is not up to the mark etc.

This has the following advantages to all 3 stakeholders:

❖ Client: Confidence that his normal company law/ tax auditor who know the

background well and who is trusted till date is taking due care to ensure quality

services by engaging an expert. Avoid surprises/ disputes after years- avoids payment

of interest penalties etc.

❖ Signing professional: Comfort that client is getting the best possible service.

Protection from charges of negligence as he relies on the work of another professional.

❖ Advising Professional: Gets an opportunity to learn myriad issues and grow his

knowledge, enhance his present income in a small way & most importantly build a

larger base for the future dispute resolution / opinion giving and representational

practice.

-CA Madhukar N Hiregange

GST

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Professional Services- Billing Dilemma

It is common even among the older firms that the clients pay the dues in a delayed

manner. At times it takes years for the fees to be paid!! The practice of billing only when

payment is expected would lead to non compliance under the GST law leading to interest

and penalty. It may also lead to further delays as well as incentivise clients to delay. The

other age old lump sum fee concept was probably needed 2 decades back other than

form small clients. However, today with the plethora of services demanded by clients and

provided there is a need for modular billing based on time, expertise and effort involved.

The small and medium practitioner could be said to be one who employs 20 to 100

employees including the interns. A few decades back our profession was a gentleman’s

game with enormous amount of respect accompanied by assured economic returns for

the professional.

Today it is becoming more and more competitive with technology automating the routine,

Government looking at automating processes which obviate the need for a knowledgeable

intermediary in majority od services being offered.

The expectation from the clients has increased manifold with us being looked to provide

business insights, specific and relevant business advice immediately, more advise on

generating revenues/ reducing costs while ensuring compliance.

Clients are often comparing the final cost without looking at the scope or level of

expertise costed or needed to deliver at the time of negotiating fees. However, once the fee

is fixed the needs of certain levels of quality, additional work and other expectations

come in to be included. The environment being dynamic, the shifting of goal posts, need

to work on short deadlines, uncertain continuation of clients business are added

challenges.

The additional universal challenge is get trained employees with a good work attitude

and retaining them for longer period of time. In normal course such firms may not be

able to grow unless they have an in house training program at all levels of staff starting

with induction training. Trained staff leaving for better opportunities in industry or

bigger firms is also a reality. The cost of providing services has increased substantially

and many professionals now work on cost + model.

Types of Billing

1. Lump sum billing – The client only pays one consolidated fee for all services from the

professional. They maybe small or big but may have continued the old practice. Most

of the professionals in moffusil area and some even in cities follow this practice. This

maybe the main reason for the delays and consequently lower quality of services.

2. Work completion billing – This is modular billing concept where billing is ensured

once work is complete. Popular now a days and suited for a professional who provides

a basket of services with different time and expertise requirement.

3. Time based Billing- Quote given as per man hour rate for different resources. The

MNCs use this model frequently. The time sheets of the professionals who have

worked on the project are collated and billed out. The clients may not be comfortable

and at times suspect that excess hours are billed. Not very popular in Indian

businesses.

Other

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4. Milestone Billing- Internal audit, advisory retainers, work which would take longer

periods are those which require periodic payments. Complex disputes may have

milestones of reading, draft reply, adjudication hearing, 1st appeal, tribunal as stages

for payment of fixed amounts. Retainers would be monthly/ quarterly.

5. Billing based on results – The ICAI bars billing based on results for all types of work

except for some forms of management consultancy where one is allowed to bill based

on cost saving. However, for refund ( Income tax or GST or Customs), export benefits

(MSME, FTP) etc the practice of converting a percentage into a larger sum payable on

conclusion is also used to bye pass this archaic restriction. Some professionals have

started private limited companies doing only management consultancy who charge a

percentage.

6. There could be other types as well as hybrid depending on client's comfort

Practices to Improve Recoverability

A. The age old proverb - you reap what you sow is there in every language on earth. This

is a universal law just like gravity. Learn to give ( serve) to receive.

B. The first requirement would be to see the client as an opportunity to serve but not to

provide free service. If one is doing it for the 1st time then the learning could be an

additional benefit to factor in. It is imperative that after a few years- free work is

totally avoided.

C. Establish the value of service provided in terms of optimising the taxation,

maximising the tax credits, suggestions to deal with the uncertain law to avoid

disputes in future, long term strategy rather than short term.

D. Establish and communicate the saving in the client cost, time and resources.

E. Get an estimate of the time needed. Now with automation inexpensive software is

available for tracking the time for each job. The thumb rule could be the cost of

salaries multiplied by 3 to 5 depending on the type of work- routine or complex.

F. Depending on the client profile the need to quote higher or lower is the call of the

professional. However once the job is accepted the work has to be done with due care

and the fact that one has quoted low should not come in the way of quality delivery in

time.

G. Get all offers on record ( email is now used by most). Once the fee is finalised the

scope inclusions and exclusion should be communicated and confirmed. At this point

of time the scope of the client as well as the professional should be made clear. It

should also be clarified that additional time beyond what si reasonably expected

would be billed based on man days extra.

H. The discount for early payment and interest for long overdue payment could be part

of the offer and invoice as the professional should respect his own time/ effort.

I. Whenever there is change in the terms- communicate the change in fee. Do not wait

for the end to discuss this aspect.

Hope this article triggers professionals to start off following some/ all of the above actions

to empower themselves and also have less of collection issues. Further that it leads to a

debate.

- CA Madhukar N Hiregange

Other

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Customs & FTP

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Updates under customs & FTP

Clarifications regarding Refunds of IGST paid on import in case of risky exporters -

reg.

Upon receiving representations from trade and industry about delayed processing of

their shipments and cost increase due to the above, board now instructed that, only a

miniscule percentage of export consignments are being selected for examination on

account of risk associated with fraudulent availment of IGST refunds.

Board further instructed that, RMCC shall take into consideration the feedback received

from field formations with regard to the 100% examination conducted on exports of risk

based identified entities and wherever the examination has validated the declaration

made in the shipping bill, RMCC may review the risk assessment and gradually taper

down the percentage of physical examination. Suitable alerts based on revaluated risk

may accordingly be inserted in the system by RMCC in such cases.

For more details, readers can refer to Circular No.22/2019-Customs dated 24th July 2019

No requirement of payment of integrated tax on re-import of goods which are sent

for exhibition

It was further clarified by board that, the assessee not required to pay IGST on re-import

of goods sent for exhibition because of the basic reason that, such goods while sending

has not under LUT and those are not to be treated as “zero rated supplies”. However, one

has to check with their GST liability/or ITC reversal requirement.

For more details, refer to Circular No. 17/2019-Customs dated 19th June 2019 and

Circular No. 21/2019 –Customs dated 24th July 2019.

Partial discharge of bonds executed by nominated agencies/ banks under

notification No. 57/2000-Customs dated 08.05.2000.

Presently, bonds are credited and closed only after entire imported goods (meant for

export after prescribed value addition/wastage norms) have been used and exported as

finished goods. These bonds and corresponding bank guarantees sometimes remain

outstanding in full due to non-availability of facility of partial credit against that quantity

of import of gold for which export obligations have been fulfilled. This hinder the

expeditious discharge of bond leading to capital blockage of exporter. Thus puts

unnecessary burden on the exporters.

The matter has been examined, in consultation with Directorate General of Systems. In

order to address the above said issue a new provision has been developed in ICES 1.5 to

proportionately credit the Bond and Bank Guarantee online as and when the exports are

being made, partially against the said Bond and Bank Guarantee. Directorate General of

Systems will issue system advisory giving details of the new functionality regarding

partial crediting of RE bond in ICES.

For more details, refer circular number 18/2019-Customs 5th July 2019

- Adv. Venkatanarayana GM

Case laws

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Case law updates

GSTR-3B is not a return u/s. 39 [AAP and Company Vs UOI 2019-TIOL-1422-HC-

AHM-GST]

Facts:

Section 16(4) of CGST Act, 2017 specifies the time limit to avail the ITC. The time limit

was linked to earliest date of Filing Annual return or Due date of next FY September

return under section 39. The prescribed return under section 39 is the GSTR-3 which

was deferred now and Government notified GSTR-3B to be filed during meantime.

Press Release dated 18.10.2018 was issued stating that due date of September 2018

GSTR-3B is the last date to avail ITC on the invoices pertaining to FY 2017-18.

Issue:

Whether the GSTR – 3B return is a return under Section 39 in order to apply the time

limit provisions of section 16(4) of CGST Act, 2017

Decision:

The Hon’ble HC held that Form GSTR-3B is not in lieu of Form GSTR-3. It is merely a

stop-gap arrangement till the GST system glitches were resolved for introduction of Form

GSTR-3 and Hence, Form GSTR 3B is not a return in terms of Section 39. Consequently,

it has been held that clarification given vide Press Release dated 18.10.2018 stating due

date of September 2018 GSTR-3B is the last date to avail ITC on the invoices pertaining

to FY 2017-18 is illegal and contrary to the section 16(4), ibid & Section 39, ibid.

Comments:

Form GSTR-3B is prescribed u/r. 61(5) of CGST Rules, 2017 as temporary arrangement

whereas the Form GSTR-3 is a return prescribed under section 39(1) read with Rule

61(1) of CGST Rules, 2017. Hence, GSTR-3B due date is not relevant for the determining

the time limit u/s. 16(4), ibid. The above cited HC decision affirms that view.

Accordingly, annual return filing date of FY 2017-18 would be the last date to avail ITC

of invoices pertaining to FY 2017-18. Based on the above decision, ITC of FY 2017-18

can be availed before filing of the annual return.

The rationale of the cited HC decision also relevant at various other provisions of GST viz.

• Rectification of the outward details furnished i.e. amendments in GSTR-01

• Assessment notices to the return defaulters u/s. 46

• Levy of late fee u/s. 47 for delay in filing Returns.

• Best judgement assessment of the non-filers of returns u/s. 62

• Direct recovery of self-assessed dues u/s. 75(12)

Now, the due date of GSTR-3 is differed, the Government cannot initiate aforesaid

actions unitll the due date of GSTR-3 is prescribed and expired.

Direct recovery of liability is not permissible and issuance of SCN is must [LC Infra

Projects Pvt Ltd Vs UOI 2019-TIOL-1660-HC-KAR-GST]

Facts:

The assessee is a registered dealer under GST and has claimed the Input Tax Credit of

the taxes paid to their supplier.

Case laws

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However, some of the suppliers had not filed their GSTR-01 and GSTR-3B returns

therefore the department has contended that the assessee was not entitled to claim the

ITC. In this regard, a demand order has been passed confirming the tax to the extent of

ineligible ITC along with quantification of interest and also sought for attachment of the

bank account of the assessee without issuing any Notice under Section 73 of CGST Act.

Issue:

Whether interest under Section 50 of CGST Act, 2017 can be recovered under Section

75(12) of CGST Act without issuance of Notice under section 73?

Decision:

The Hon’ble High court of Karnataka after considering Section 73 has held that issuance

of Show Cause notice is sine qua non (essential condition) if it appears to the proper

officer that any tax has not been paid or short paid or where ITC has been wrongly

availed or utilised for any reason other than by reason of fraud. As no notice has been

issued under Section 73 before determining the tax, interest and penalty, the same is in

breach of principles of natural justice and held that the order cannot be sustained.

Further, Section 75(12) of the Act empowers the authorities to proceed with recovery

without issuing Show Cause Notice only when the liability has been self-assessed by the

assessee however in the instant case the demand and interest amount has been

determined by the department but not the assessee therefore the recovery cannot be

made under Section 75(12).

Comment:

Issue of Show cause notice (SCN) is basic requirement for demanding any liability and

tax laws are not exceptional to such elementary principles of natural justice. Across

India, the revenue department is making the direct recovery of interest on Gross GST

liability without following the adjudication process and attaching the bank account of tax

payers. The above cited decision helps in stopping such direct recovery and mandating

the department to issue notice, hearing and pass order and then recover, if not appealed

by the tax payer.

Officers should ask for only the prescribed details while granting the registration

[State of Kerala v. West Bengal Lottery Stockists Syndicate Pvt Ltd – 2019-TIOL-

1566-HC-KERALA-GST]

Facts:

Assessee has applied for registration on 16.01.2019 but does not receive any

communication within 3 days hence they have considered it as deemed registration.

However, assessee has received a notice on 31.01.2019 requesting certain information

and an order dated 02.02.2019 rejecting the application for registration. Assessee has

filed a writ petition against the rejection of application and the Hon’ble High Court (SM)

has directed the revenue department to consider the application afresh. Against this,

revenue has preferred an appeal to Division Bench.

Issues/contentions:

Whether the concerned authorities has right to seek the additional

information/documents which was not specified under Rule 8(4) of the CGST Rules,

2017?

Case laws

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Decision:

The Hon’ble High Court held that the officers can ask for the information/documents as

specified u/r. 8(4) of the CGST Rules, 2017 read with Part B of Form GST REG-01 alone

and not every information.

Comments:

Many times, the officers ask for unwarranted details in order to delay the registration

process. The cited HC decision categorically held that the only specified list of

documents/information can be asked by the officer and cannot insist for any other

information.

Interest is liable on the delayed refund at 9% P.A. [Saraf Natural Stone Vs. UOI––

2019-TIOL-1587-HC-AHM-GST]

Facts:

Assessee is engaged in manufacturing and exported goods on payment of IGST. A refund

application for taxes paid was filed and there was substantial delay in grating of refund

without any reason. Assessee has filed a writ petition asking the High Court to direct the

revenue to grant interest on delay in granting the refund.

Issues/contentions:

Whether interest is payable on the delayed payment of refund?

Decision:

The Hon’ble High Court directed the department to pay interest at 9% per annum for the

delay caused in the sanctioning the refund.

Comments:

GST law provides for provisional refund of 90% within 7 days time but the law is silent

on the interest for the delay caused in granting such provisional refund. In the past,

various courts consistently held that interest shall be paid on the delayed refund even in

absence of the specific statutory provisions. The above cited decision affirms the settled

legal position. Accordingly, the exporters can claim interest on delay in payment of

provisional refund.

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Corporate Training Program that we offer:

We also offer corporate training in the following areas:

• Customized training for your employees 1, 2 or 3 days as per the need

in your premises.

• Function wise training for your company to adhere to compliance as

per the GST law.

• Industry wise training to comply on various aspects like maintaining

Books of accounts, Return filing, E-Way bill, Export valuation etc.

• Advanced Practical course on GST for your staff( 2 or 3 Days)

• Awareness about eligibility of ITC (for taking credits or reversing ITC to

avoid Interest and Penalty)

• Companies under SEZ to know about SEZ due dates and compliance

and refunds

• Exports and Import benefits

• Overall compliance under GST, a knowledge training for any new

entity or for a merger or acquisition

Upcoming EventsMark your Calendar

Topic Date Venue & Brochure link

GST Certification Course 14th to 18th

October

Hiregange Academy (A division of

Empower Education Foundation®),

No.1010,First Floor Above Corporation

Bank, 26th Main , 4thT Block,

Jayanagar, Bangalore – 560041.

Corporate training Program

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Notifications, Circulars & Orders

GST – Notifications & Circulars

Notification No. And Date Link Description

42/2019-Central Tax

,dt. 24-09-2019

View (195

KB)

Seeks to bring rules 10, 11, 12 and 26 of the

CGST (Fourth Amendment) Rules, 2019 in to

force.

41/2019-Central Tax

,dt. 31-08-2019

View (118

KB)

Seeks to waive the late fees in certain cases for

the month of July, 2019 for FORM GSTR-1 and

GSTR-6 provided the said returns are furnished

by 20.09.2019.

40/2019-Central Tax

,dt. 31-08-2019

View (119

KB)

Seeks to extend the last date in certain cases for

furnishing GSTR-7 for the month of July, 2019.

39/2019-Central Tax

,dt. 31-08-2019

View (98

KB)

Seeks to bring Section 103 of the Finance (No. 2)

Act, 2019 in to force.

38/2019-Central Tax

,dt. 31-08-2019

View (125

KB)

Seeks to waive filing of FORM ITC-04 for F.Y.

2017-18 & 2018-19.

Order No. 7/2019 -

Central Tax

View(736

KB)

seeks to remove difficulties regarding filing of

Annual returns by extending the due date for

filing of Annual return / Reconciliation

Statement for the Financial year 2017-18 in

FORMs GSTR-9, GSTR-9A and GSTR-9C to 30th

November, 2019.

News updates for the Commerce students:

1. Technology updates: Will CA profession be outdated soon (10 years) as we see

drastic changes through technology?

Look at leveraging information technology in CA profession to keep yourself updated

with the latest technology to compete in this current scenario :

https://www.newsbytesapp.com/timeline/India/46754/211795/why-chartered-

accountants-need-to-acquire-digital-skills

2. Will the GST rate cut boost the worried hospitality sector?

Read more : https://www.businesstoday.in/current/policy/will-the-gst-rate-cut-

boost-the-worried-hospitality-sector/story/381240.html

3. Employment news link, get update on the latest jobs in the government sectors:

http://employmentnews.gov.in/NewEmp/Home.aspx

4. Career opportunities for Commerce, Top ten options for a commerce student

https://www.mindler.com/blog/career-options-commerce-students/

Other updates

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1. Applicability of the legislative amendments and notifications and circulars in Indirect

Taxes for Practical Training Assessments - (12-09-2019)

https://www.icai.org/new_post.html?post_id=15957&c_id=347

2. Students Grievances to be resolved through Toll Free Number - (04-09-2019)

https://www.icai.org/new_post.html?post_id=15937&c_id=347

3. Practical training for direct entry students

https://www.icai.org/new_post.html?post_id=15917&c_id=347

4. Updation of Practice Manual of Final(old) Paper 6: Information Systems Control and

Audit - September 2019 Edition - (18-09-2019)

https://www.icai.org/new_post.html?post_id=15973&c_id=347

5. Final (New) Examination from November, 2019 Onwards, Paper 6 - (17-09-2019)

https://www.icai.org/new_post.html?post_id=15971&c_id=347

6. Applicable study material for November, 2019 Exams - Old Scheme Intermediate (Ipc)

Course and Final Course – Old Course

https://resource.cdn.icai.org/56375bos44699.pdf

7. Relaxation in the requirement to undergo 8 months Study Period to appear in May, 2020

Intermediate Examination in respect of students who have cleared May/June, 2019

Foundation Examinations. - (26-08-2019)

https://www.icai.org/new_post.html?post_id=15918&c_id=347

Topic Date

Three Hours Workshop on Action points to be taken prior to Sep2019 Return

27th September

Hiregange Academy two days Free Faculty Developmentprogram on Practical Aspects of GST

25th & 26th

September

Two days GST Compliance Officer Workshop – Including apractical demonstration of various forms for filing GST

16th August

Concluded Events

16

Photos from recent sessions in Hiregange Academy

Hiregange Academy

17

Photos from recent sessions in Hiregange Academy

Hiregange Academy

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