Kanta sharma
Applicability of Accounting Standards with Entity level
Dear Friends, Audit is a challenging task and the Auditor needs to comply with many Accounting Standards (AS) which keep changing over a period of time and one needs to keep a track of those changing requirements. AS are applicable based on type of Organisation, Size and Financial Standings. These have been defined under three entity level. For convenience of
Corona Exposes India’s fragile System
Centre-State coordination, health infrastructure, transport system, emergency support system and ability to deal with crisis stands totally exposed today. Total failure of cooperative federalism, with States blaming Centre for not helping them with finances or even release of their share of GST. Centre and States competing with each other in increasing VAT/Central Excise on Petroleum Products, even when the international prices
INDIA’S CORONANOMICS
As we watch Global ques on Covid-19 affected countries, India stands apart in many ways. God has been kind so far as there have not been many casualties, considering the size and density of population of India. Lockdown was a necessary step taken by Indian Govt. but it has its long-term economic consequences, which cannot be avoided. The Corona scare
