Details of all Notifications (Tariff & Non-Tariff), Circulars, Orders & Special Orders issued by CBIC under central Tax, State Tax, Union Territory Tax & GST (Compensation to State) from 01 July 2017 to 15 January, 2019. ICAI Updates

1. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103]
‘I believe that the
greatest crime is to
learn something that
can significantly
benefit other people,
yet share it with no
one’.

2. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
1
[Details of total Notifications (Tariff, Non-Tariff),
Circulars, Orders & Special Orders issued by CBIC
from 1st July 2017 to 15th January, 2019 under
Central Tax, State Tax, Integrated Tax, Union
Territory Tax & GST (Compensation to states)-
Total 560 issued till date]

3. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
2
DESCRIPTION NOTIFICATIONS CIRCULARS ORDERS
SPECIAL
ORDERS-
REMOVAL
OF
DIFFICULTY
TOTAL
NON-
TARIFF
TARIFF
Central Tax 155 77 87 15 5 339
Integrated Tax 16 81 3 0 0 100
Union Territory
Tax
32 77 0 1 0 110
Compensation to
States Tax
1 9 1 0 0 11
TOTAL 204 244 91 16 5 560
As like Central Tax [Tariff & Non-Tariff] notifications, similar notifications have
been issued by all the States under the respective SGST Act.
CBIC issued Tariff notification related to Rates and Non-Tariff notifications notifying sections,
notifying rules, amendment to rules and for waiver of penalty, etc. Apart from the notifications,
Circulars, Orders and Removal of Difficulty Orders have issued by CBIC on various subjects like
proper officers, ease of exports, and extension of last dates for filling up various forms, etc.
FROM JULY 1, 2017 TO JANUARY 15, 2019
IN
NUMBERS

4. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
3
ICAI

5. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
4
UPDATE-1 OF ICAI
Every year, the Auditing and Assurance Standards Board (AASB) of ICAI brings out the
publication, “Guidance Note on Audit of Banks” to provide detailed guidance to the members
who undertake audits of banks and bank branches. The Guidance Note is updated every year to
incorporate the impact of developments that have taken place in the banking sector which
require attention of statutory auditors, such as, master directions/circulars of RBI, other
relevant circulars issued by RBI, relevant pronouncements of ICAI having bearing on bank audits,
amendments/changes in applicable laws or regulations.
ICAI issued this revised 2019 edition of the Guidance Note on Audit of Banks. The Guidance Note
covers in detail various aspects like knowledge of the banking industry, initial considerations,
special considerations in a CIS Environment, risk assessment and internal control, various items
of banks’ financial statements and their peculiarities, manner of disclosure in financial
statements, the RBI prudential guidelines thereon, audit procedures, reporting on Long Form
Audit Reports both at central and branch level, Ghosh and Jilani Committee recommendations,
special purpose reports and certificates, etc.
This edition of the Guidance Note has been divided in three separate sections as follows:
 Section A - Statutory Central Audit.
 Section B - Foreign Exchange Transactions and Integrated Treasury.
 Section C - Bank Branch Audit other than Foreign Exchange Transactions.
TO GRAB YOUR COPY OF THIS GUIDANCE NOTE,
PLEASE CLICK HERE

6. January 18, 2019 UPDATES CONCOMITANT TO PROFESSION
PRADEEP GOYAL, FELLOW MEMBER OF ICAI [MAIL: PRADEEP@PGAA.IN, MOBILE: +91-
9811777103] [FOR EDUCATION PURPOSE ONLY]
5
UPDATE-2 OF ICAI
Professional Development Committee (PDC) of ICAI invites the valuable suggestions from the
Members of ICAI relating to Empanelment Opportunities available in India (District and State
wise) and Abroad for Practising Chartered Accountants with complete details of opportunities,
schemes, eligibility criteria, source with web link for its revised edition of Publication on
Professional Opportunities.
Members can share their suggestions by 21st January, 2019 by filing google form
available HERE
For detailed announcement, click HERE