All updates related to profession along with relevant documents.

1. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103]
‘The greater
our knowledge
increases, the
greater our
ignorance
unfolds’.

2. January 21, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
1
 Guidance Note on Reports in Company Prospectuses (Revised 2019) issued
by the Auditing and Assurance Standards Board of ICAI
Click HERE for Copy
 Guidance Note on Audit of Banks 2019 edition: Section C - Bank Branch Audit
other than Foreign Exchange Transactions issued by the Auditing and
Assurance Standards Board of ICAI
Click HERE for Copy
 Guidance Note on Audit of Banks 2019 edition: Section B - Foreign Exchange
Transactions and Integrated Treasury issued by the Auditing and Assurance
Standards Board of ICAI
Click HERE for Copy
 Guidance Note on Audit of Banks 2019 edition: Section A - Statutory Central
Audit issued by the Auditing and Assurance Standards Board of ICAI
Click HERE for Copy
 Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution
Notices.
For Press Release, click HERE

3. January 21, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
2
 In pursuance to Section 10A (1) (a) of the Companies Act, 2013 and rule 23A
of the Companies (Incorporation) Rules, 2014, the e-Form INC.20A
(Declaration for commencement of business) is available for filing purposes
at MCA Portal.
 The requirement of inspection for registration of shops and establishments
in Mumbai has been done away with and it can now be obtained online on
the same day.

4. January 21, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
3
 Latest GST advance ruling
Services provide by an intermediary between principal outside India and Indian
importer not a 'Export of Service'.
[2019] 101 taxmann.com 150 (AAR - MAHARASHTRA)
AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA
MRS. Vishakhar Prashant Bhave
Section 2(6) of the Integrated Goods and Services Tax Act, 2017 - Export of services
- Applicant is carrying on trading business in Laboratory Instruments/Equipment
and other related activities such as servicing, repairs and maintenance of Laboratory
Equipment/Instruments - It provides services to its principals at Germany by way of
procuring purchase orders from parties in India, who desire to purchase advanced
type of Laboratory Equipment from principals - A floor price is fixed by principals for
said equipment and applicant negotiates terms of supply including fixation of price
above such floor price, for which it receives commission in convertible foreign
exchange - After negotiations are concluded, prospective customer in India places
order directly on principals at Germany, arranges for remittance of purchase price
arrived at and material is directly supplied to him by foreign principals - In most
cases, purchase orders states name of applicant and also mentions that Indian
purchaser will be entitled to have some discounts to be provided by applicant,
which is provided by applicant out of its own commission received from principals -
Whether services provided by applicant as an intermediary between principals at
Germany and Indian importers of equipment can be classified as 'export of services'
falling under section 2(6) of IGST Act - Held, no [Para 6].