April

‘Audit path must in accounting program from April’

Chennai: The MCA has mandated corporations to compulsorily have audit trails and transaction logs in their accounting computer software from April with auditors tasked with the accountability to evaluate and report the controls. Just about every business which uses accounting software program shall use only these types of programs that possess a characteristic of recording audit path for transactions and are ready to create logs of changes designed to the books of account and “ensuring that the audit path can not be disabled”, an MCA notification on Wednesday claimed.

Even though this allows mitigate unrecorded transactions and suppress frauds, it

Two Tulsa-space inhabitants to obtain OSU University of Accounting recognition in April | Local Business enterprise News

Oklahoma Point out University’s University of Accounting will honor Bixby’s Ron Bussert and Tulsa’s Sandy Siegfried for the duration of the 2021 Wilton T. Anderson Hall of Fame and Awards digital ceremony April 29.

Bussert will be between a few distinguished alumni honored with induction into the Wilton T. Anderson Hall of Fame, and Siegfried will be regarded as a Distinguished Good friend of the College of Accounting.

Bussert, who attained equally his bachelor’s degree in accounting and his

Now e-bill will be compulsory for small business with above Rs 50 crore turnover from April 1



a pair of hands holding a book


© Supplied by Zee Information


The governing administration has now manufactured it compulsory for organizations with over Rs 50 crore turnover to produce e-invoices for B2B transactions from April 1. 

Less than Goods and Providers Tax (GST) legislation, e-invoicing for small business-to-business enterprise (B2B) transactions has been built mandatory for providers with turnover of about Rs 500 crore and Rs 100 crore from Oct 1, 2020, and January 1, 2021, respectively.

E-invoicing will be prolonged to companies with turnover around Rs 50 crore from April 1, the Central Board of Oblique Taxes and Customs (CBIC) said in a notification. 

Underneath

Now e-bill will be compulsory for small business with in excess of Rs 50 crore turnover from April 1



a pair of hands holding a book


© Presented by Zee News


The authorities has now made it compulsory for firms with about Rs 50 crore turnover to deliver e-invoices for B2B transactions from April 1. 

Under Goods and Products and services Tax (GST) law, e-invoicing for enterprise-to-business enterprise (B2B) transactions has been produced obligatory for firms with turnover of more than Rs 500 crore and Rs 100 crore from October 1, 2020, and January 1, 2021, respectively.

E-invoicing will be extended to firms with turnover around Rs 50 crore from April 1, the Central Board of Oblique Taxes and Customs (CBIC) said in a notification. 

Below

Now e-invoice will be compulsory for enterprise with around Rs 50 crore turnover from April 1



a pair of hands holding a book


© Provided by Zee Information


The governing administration has now designed it obligatory for organizations with in excess of Rs 50 crore turnover to generate e-invoices for B2B transactions from April 1. 

Underneath Merchandise and Solutions Tax (GST) legislation, e-invoicing for organization-to-enterprise (B2B) transactions has been produced necessary for organizations with turnover of over Rs 500 crore and Rs 100 crore from Oct 1, 2020, and January 1, 2021, respectively.

E-invoicing will be prolonged to companies with turnover above Rs 50 crore from April 1, the Central Board of Oblique Taxes and Customs (CBIC) said in a notification. 

Below e-invoicing,