Chartered Accountant of India

What is E-way Bill ? E-way Bill is a mechanism where the person supplying the goods from one place to another generates the  bill electronically by providing relevant information prior to the movement of Goods. In simple, E-way bill is an electronic document generated on the GST portal evidencing movement of goods . E-way bill is generated electronically in form GST EWB 01 on the common portal (www.ewaybillgst.gov.in). As per Sec. 68 of CGST Act including Rule 138 of CGST Rules, 2017 , any person who is carrying any consignment of Goods, have to carry E-way bill.   Minimum limit required for generating E-way bill As per section 138(3) of CGST Rules, the registered supplier is required to generate e-way bill when there is a movement of goods of consignment value exceeding Rs. 50,000.   When E-way bill needs to be issued below Rs. 50,000? When Inter-State transfer of goods made by principal to job-worker. When Inter-State transfer of handicraft goods made by a person exempted from o

             CA Professions and its Scope in India In a view of the increasing progress day by day, the needs of people have also started increasing. So they want to keep their standard of living high along with their needs. It is very important in today’s world to earn good money and respect. So it is very important to have good skills to do all this. Different  professions have their own value and respect among people, in the country. Among the several professions, today we are going to know about the Chartered Accountants . A Chartered Accountant is a person who is a specialist in related fields like Auditing, Accounting, and Taxation. Though Chartered Accountancy is considered as one of the toughest courses, it is the most demanding profession in today’s world. Scopes for CA  There is a good demand for Chartered Accountancy professionals in India within Private as well as Public organizations. He is responsible for corporate and management caretaker. Chartered Accountants work in

SA-315 Identifying and Assessing the Risk of Material Misstatements through Understanding the Entity and its Environment An entity’s environment, both internal and external, poses many threats that lead to entity’s financial information being misstated materially. SA 315 enables the auditor to identify and assess the risk of material misstatement, whether due to fraud or error in an entity’s financial statements and design and implement appropriate responses   & procedures which will reduce such risk to an acceptably low level.                                        Overview 1.       Understanding of the entity and its environment :      The auditor shall obtain an understanding of:        The relevant industry, regulatory and other external factors including applicable FRF.        The nature of the entity including its operations, ownership and governance, investments         made and planned by the entity and structure and finance of the entity.        Accounting policies ap