#gst registration in erode

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Gst registration in erode contact number

Looking for GST registration in Erode? Shoplegal offers quick and affordable GST registration services. Get your GSTIN hassle-free and ensure full compliance for your business. Contact Shoplegal today at +91 9751110101 to get started with expert assistance!

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All Compliance Services: A Comprehensive Guide for Businesses

Navigating the intricate web of legal and regulatory requirements can be a daunting task for businesses of all sizes. From startups to established enterprises, compliance with local, national, and international laws is essential to ensure smooth operations, avoid penalties, and maintain a positive reputation. This article provides a comprehensive understanding of legal and regulatory requirements and highlights the role of compliance services in simplifying these challenges for businesses.

What Are Legal and Regulatory Requirements?

Legal and regulatory requirements refer to the laws, rules, and standards that businesses must adhere to in order to operate legally. These requirements vary based on the jurisdiction, industry, and size of the business. Broadly, they can be classified into the following categories:

Corporate Compliance: These include company formation, annual filings, and board meeting requirements.

Tax Compliance: Businesses must comply with income tax, Goods and Services Tax (GST), and other applicable taxes.

Labor and Employment Compliance: Covers adherence to labor laws, employee benefits, and workplace safety regulations.

Environmental Compliance: Pertains to laws related to pollution control, waste management, and sustainability.

Sector-Specific Compliance: Varies based on the industry, such as financial regulations for banks or food safety standards for restaurants.

The Importance of Compliance

Failure to comply with legal and regulatory requirements can result in severe consequences, including:

Penalties and Fines: Non-compliance can lead to hefty fines, which can significantly impact the financial stability of a business.

Legal Actions: Violations may result in lawsuits, which can damage a company’s reputation and incur high legal costs.

Operational Disruptions: Regulatory violations can lead to business shutdowns or revocation of licenses.

Reputation Damage: Non-compliance erodes customer trust and investor confidence.

By ensuring compliance, businesses can foster a culture of integrity, avoid legal troubles, and focus on growth and innovation.

Key Components of Compliance

Compliance management involves several key components that businesses must address:

Regulatory Awareness: Staying updated on changing laws and regulations is critical.

Documentation and Reporting: Accurate record-keeping and timely submission of reports to regulatory authorities.

Internal Controls: Implementing policies and procedures to ensure compliance across the organization.

Training and Education: Educating employees about compliance requirements and their roles in maintaining adherence.

Risk Assessment: Identifying and mitigating risks associated with non-compliance.

The Role of Compliance Services

Compliance services play a crucial role in helping businesses navigate legal and regulatory complexities. These services are typically offered by professionals who specialize in various aspects of compliance management. Here’s how compliance services can benefit businesses:

Expert Guidance: Compliance service providers have in-depth knowledge of laws and regulations, enabling businesses to stay informed and compliant.

Time and Cost Efficiency: Outsourcing compliance tasks frees up internal resources, allowing businesses to focus on core activities.

Risk Mitigation: Proactive compliance management reduces the risk of penalties, legal actions, and reputational damage.

Customized Solutions: Compliance services offer tailored solutions to meet the specific needs of businesses based on their industry and size.

Technology Integration: Many compliance service providers leverage advanced software to streamline processes, automate reporting, and ensure accuracy.

Types of Compliance Services

Compliance services encompass a wide range of offerings, including:

1. Corporate Compliance Services

Company registration and incorporation

Annual filings and compliance under the Companies Act

Assistance with board meetings and shareholder resolutions

2. Tax Compliance Services

Tax planning and advisory

Filing income tax returns and GST returns

Representation before tax authorities

3. Labor Law Compliance Services

Employee onboarding and exit formalities

Payroll management and statutory deductions

Compliance with labor welfare laws

4. Environmental Compliance Services

Obtaining environmental clearances

Waste management and pollution control compliance

Sustainability reporting

5. Industry-Specific Compliance Services

Financial compliance for banking and insurance sectors

Adherence to FDA regulations for pharmaceutical companies

Compliance with FSSAI standards for food businesses

Steps to Ensure Effective Compliance Management

Businesses can adopt the following steps to establish robust compliance management systems:

Conduct a Compliance Audit: Assess current compliance status and identify gaps.

Develop a Compliance Framework: Create policies, procedures, and guidelines for compliance management.

Appoint a Compliance Officer: Designate a dedicated professional to oversee compliance activities.

Implement Compliance Training Programs: Educate employees about the importance of compliance and their responsibilities.

Monitor and Review: Regularly evaluate compliance processes and update them based on regulatory changes.

Leverage Technology: Use compliance management software to automate tasks and enhance efficiency.

The Future of Compliance Services

The compliance landscape is constantly evolving, driven by changes in regulations, technological advancements, and global business dynamics. Emerging trends in compliance services include:

Increased Use of Artificial Intelligence (AI): AI-powered tools can analyze vast amounts of regulatory data and provide actionable insights.

Focus on Data Privacy: With stringent data protection laws like GDPR, compliance with data privacy regulations is becoming critical.

Global Compliance Solutions: Businesses operating internationally require solutions that address multi-jurisdictional compliance requirements.

Sustainability and ESG Compliance: Environmental, Social, and Governance (ESG) compliance is gaining prominence as businesses adopt sustainable practices.

Choosing the Right Compliance Partner

Selecting the right compliance service provider is essential for effective compliance management. Consider the following factors when choosing a partner:

Expertise and Experience: Evaluate the provider’s knowledge and track record in handling compliance for your industry.

Comprehensive Offerings: Ensure that the provider offers a wide range of services to meet all your compliance needs.

Technology Integration: Look for providers that leverage advanced tools for efficient compliance management.

Customization: Choose a partner who can tailor their services to your business requirements.

Reputation and Reviews: Check client testimonials and reviews to assess the provider’s credibility.

Conclusion

Compliance with legal and regulatory requirements is a non-negotiable aspect of running a business. While the complexity of compliance can be overwhelming, leveraging the expertise of compliance service providers can simplify the process and ensure adherence. By investing in robust compliance management systems, businesses can safeguard their operations, mitigate risks, and build a foundation for sustainable growth.

[efiletax]

Consequences of Non-Compliance or Late Filing of GST Annual Returns

Financial Penalties:

Non-compliance or late filing of GST annual returns can attract financial penalties, including late fees and interest charges. The penalty for late filing is Rs. 100 per day for each day of delay, subject to a maximum cap.

Loss of Input Tax Credits:

Businesses may lose out on input tax credits if annual returns are not filed accurately and timely. Delayed or incorrect reporting of input tax credits can lead to disallowance or reversal of credits claimed, resulting in increased tax liabilities.

Audits and Investigations:

Non-compliance with GST annual return filing requirements may trigger audits or investigations by tax authorities. Businesses found to be non-compliant may face scrutiny, assessments, and potential legal proceedings.

Reputational Damage:

Late or incorrect filing of annual returns can tarnish a business's reputation and credibility in the marketplace. It may erode trust with customers, suppliers, and stakeholders, impacting business relationships and brand image.

Legal Consequences:

Persistent non-compliance with GST laws and regulations can result in legal consequences, such as prosecution, fines, or suspension or cancellation of GST registration. Businesses need to adhere to statutory obligations and maintain compliance to avoid legal risks and liabilities.

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Ryot Associates is the leading tax and GST Registration in Coimbatore and help you to register your goods and service.GST Registration in Coimbatore, Tirupur, Erode, and Chennai and all other places in Tamilnadu. We help to get an assured GST identification number in between 3 to 7 working days. You can easily make your GST registration in online. for more information Visit our Website

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Post GST, prohibition could be an expensive experiment for states | opinion

Prohibition, or a ban on the sale of alcoholic beverages, is a measure listed in the directive principles of state policy in the constitution of India. These guidelines are not judicable, but as the name suggests, expected to be followed voluntarily by governments. After Nitish Kumar’s big victory in the 2015 assembly elections in Bihar, where he promised to impose prohibition if elected, the policy has been gaining political traction. J Jayalalithaa toyed with the idea in Tami Nadu before her death. The previous Congress-led government in Kerala had tried partial prohibition, envisaging a complete ban on alcohol by 2025. The newly elected government in Andhra Pradesh is also taking steps to curtail the liquor business, and has announced a takeover of all retail outlets selling alcohol. The political and moral arguments around prohibition notwithstanding, it could be an expensive experiment for state governments, especially in the post-Goods and Services Tax (GST) era.

An analysis of the Reserve Bank of India’s Study of State Finances, which was released this week, corroborates this view. GST has been a landmark tax reform in India. It abolished multiple taxes on goods and services across India’s 29 states and replaced them by uniform taxes. This has brought much-needed parity in taxes and cut a lot of red tape in facilitating free movement of goods and services across India’s states.

  While GST has brought these benefits, it has also eroded the fiscal autonomy of states. As GST rates are decided in the GST Council comprising all states and the centre, individual states have much less freedom to decide tax rates according to their needs. In the post-GST period, the share of states’ own revenues in their total tax revenues has come down. This means that their dependence on the central pool of taxes has increased. India’s fiscal federalism has a provision of sharing of central taxes with state governments. The terms of this distribution are decided by the Finance Commission every five years. The fifteenth Finance Commission is expected to submit its report next month. There is speculation that the commission would tilt the fiscal balance in favour of the centre.

The centre is not expected to share revenue earned through cess levied on various taxes. A Mint analysis by Tadit Kundu has shown that the share of cess in central government revenues has been steadily increasing under the current government and has reached almost 15%. This means that the divisible share of central revenues has been steadily coming down.

To be sure, states do have the power to tax some important goods and services even in the post-GST regime. Petroleum products, tobacco, alcoholic beverages are some such commodities. Another major source of state government revenues is the stamp duty levied on property transactions. Tax generating ability of petroleum products is contingent on international oil prices. Both central and state governments face pressure to cut taxes when oil prices are higher. This was seen last year when both central and state governments cut excise and value added tax (VAT) on petrol and diesel to bring down retail prices of petrol and diesel.

This leaves state excise (from alcoholic beverages) and stamp duty and registration fees (mainly levied on sale of property) as the major sources where state governments have autonomy to levy taxes. If one were to exclude SGST (rates of which are decided in the GST Council) from states’ own revenues, the share of state excise and stamps and registration fees in states’ own revenues has increased significantly, from around 20% to 40%, in the post-GST regime.

The importance of these two taxes in states’ own revenue shows an interesting trend. State excise was twice as important for states compared to stamp and registration fees in the early 1990s. This started changing as India’s real estate boom started in the early 2000s, and stamp and registration fees overtook state excise in terms of share in states’ own tax revenues by 2005-06. This growth stopped from 2008-09 onwards, the year when the financial crisis struck the US, triggering a global slowdown. As of now, state excise revenues seem to be surging ahead of stamp and registration fees in terms of share in states’ own revenues. Any state which implements prohibition will also have to forego state excise which comes from sale of alcoholic beverages. This will also entail surrendering a major, and more importantly, autonomous source of revenues for the state exchequer.

First Published: Oct 07, 2019 04:19 IST

from CVR News Direct https://cvrnewsdirect.com/post-gst-prohibition-could-be-an-expensive-experiment-for-states-opinion/

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Can GST registration be done online?

Yes, GST registration can be done online. Please contact Shoplegal: +919751110101 for further assistance.

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Firm Registration Online in Tamil Nadu

Are you intrested in Company Registration in Tamil Nadu, and then this is the exact location for you. There are so many nature of business entity, which you can form in Tamil Nadu, like Producer Company, NGO, Proprietorship Firm, Private Limited Firm, Limited Liability Partnership, OPC Firm, Partnership Firm, Section 8 Foundation, Nidhi Company, Public Limited Company, etc. Tamil Nadu is one of the quickly rising State of Tamil Nadu and there are a lots of clients in Tamil Nadu who has formed Company via financebazaar.com. Right now FinanceBazaar.com is the one of the Best Company incorporation service provider in Tamil Nadu, you can as well visit FBAZAAR reviews on Google. As you know Tamil Nadu is one of the top growing state in India where you can do your business without trouble. Firm establishment in Tamil Nadu is not an easy step for everybody, because there are various procedures that you must need to follow and there are various legal documentations that you must need to filled for full Company registration. But you don’t need to stress about anything, because Finance Bazaar is doing online Firm registration service in Tamil Nadu which client not need to do anything. client have to submit only documents file and Gov Fees and our team will care of every thing. Basically Firm enrollment proceedings takes 7 to 10 working days that every thing depends on client collaboration.

Here you will get Each and Every explanation regarding Online Apply Company Registration in Tamil Nadu

What FinanceBazaar will provide

PAN and TAN

MOA and AOA

DSC For All Directors

Certificate of Business formation

Share Certificates

GST Number (If need)

Following details want for Firm incorporation in Tamil Nadu

Company Name: - The Business name which you want to enroll will be provided by client side, but there are so many terms for choosing the Company name. You can't use common words and those words that are already enrolled or trademarked can't be allowable. FinanceBazaar Expert Chartered Accountant will advise you even in choosing Firm name.

Authorized Capital: - Minimum 1 Lakh Authorized amount is needed for Firm establishment in Tamil Nadu . You can enhance it as per your demand. But if you will enlarge authorized amount, more than 10 Lakh, then registration fee will also enhance.

Paid-up Capital: - You can begin your Business from One Rupee paid-up amount in Tamil Nadu and you can expand it as you require, but you should informed the paid-up capital money always not more than the Authorized money.

Number of Directors: - At Least two directors mandatory for PVT LTD Company and only one director for OPC. In PVT LTD Company you can extend the number of directors till 15.

Business Activity: - This is an essential area of your Business, your business activity will determine the business class in which your Company name will be incorporated and it will as well pointed in MOA and AOA.

Office place: - The office location where you need to incorporate your Firm.

Each Directors email address and contact number: - All director mail and phone number mandatory for Digital Signature Certificate and Director Identification Number.

Need Documents for Company enrollment in Tamil Nadu

These are some following documents that you need to give for Firm enrollment in Tamil Nadu:

Aadhar Card/Voter Card/Driving License/Passport of Each Directors

Pan Card of Every Single Directors

One utility bill (Electricity, Gas, Phone, Water Bill of any name) for office address proof

Updated Bank Statement of Each directors/Any Current bill for address proof of All directors like Mobile Phone Bill, Gas Bill, Electricity Bill, etc.

Photographs of Each and Every directors.

For GST Registration Rent Agreement Between company name and owner of the property where company has registered.

Cost for Business incorporation in Tamil Nadu

Company Registration Fees in Tamil Nadu is aproximately Rs 6999/- (Six Thousand Nine Hundred Ninety Nine Rupees Only/-), but it can differ as per your demand. If we talk about structure of rates, then in the early stage 1000 rupees send to the Government for Firm name apply and you have two opportunities for your Business name reservation, if your Business name is unmatched, then it can be authorized in first effort. If two times your Company name has disapproved, then you have to pay 1000 rupees again to the Government for re-apply another one name application. After Company name approval you have to pay Gov stamp duty that can be different as per your Authorized capital or state rules. All states have personal rules also Tamil Nadu regarding stamp duties for Company enrollment. If you require two directors in your Company, then approximate 500 Rupees Each and Every director Fees for DSC (Digital Signature Certificate), if directors will increase, then the Digital Signature Certificate Token Fees will also increase appropriately. PAN & TAN Fees also collect by Gov that will not be differ. And last one our professional fees includes for doing and preparation all documents, paper work and further activities.

FBAZAAR offering Such services in Tamil Nadu

Copyright Registration

Society Registration

Producer Company Compliances

One Person Company Registration

DIN Activation

MSME Udyog Aadhaar Registration

Company Registration

Close or Winding Up Of a Company

Section 8 Company Compliances

GST Surrender

ISO Certification

Import Export Code | IEC Certification

Nidhi Company Registration

GST Registration

LLP Annual Compliance Service

Trust Registration

Partnership Firm Registration

Digital Signature Certificate

Change, Add or Remove Company Director

Nidhi Company Compliances

Private Limited Company Registration

Commencement of Business Certificate

Public Limited Company Compliances

Public Limited Company Registration

GST Return Filing

Private Limited Compliance

12A 80G Registration

NGO Compliances

Director KYC Verification

Sole Proprietor Registration

Change Company Name

Trademark Registration

Chartered Accountant Consultation

Food License (FSSAI) Registration

LLP Registration

Section 8 Foundation Registration

Startup India Registration

Income Tax Return Filing

One Person Company Compliances

FCRA Registration

Producer Company Registration

Change Company Address or Registered Office

NGO Registration

Finance Bazaar offered Every Single services all over in India also Tamil Nadu in All cities like Karaikudi, Kumbakonam, Karur, Tirupathur, Viluppuram, Nagapattinam, Erode, Periyakulam, Pernampattu, Pattukkottai, Vadakkuvalliyur, Pudukkottai, Rameshwaram, Periyasemur, Virudhunagar, Tiruvethipuram, Krishnagiri, Viswanatham, Oddanchatram, Tiruvallur, Sivaganga, Nellikuppam, Tirunelveli, Tirukkoyilur, Virudhachalam, Thiruvallur, Tharamangalam, Chennai, Polur, Nilgiris, Vadalur, Gobichettipalayam, Thirumangalam, Coimbatore, Tindivanam, Namagiripettai, Punjaipugalur, Pallapatti, Sankarankovil, Nagercoil, Thirupuvanam, Thiruvarur, Chidambaram, Palani, Srivilliputhur, Kanchipuram, Sattur, Ariyalur, Lalgudi, Udhagamandalam, Pacode, Tirupur, Tharangambadi, Vadipatti, Thiruthuraipoondi, Madurai, Dharmapuri, Sirkali, Thoothukudi, Cuddalore, Salem, Arakkonam, Tiruvarur, Ramanathapuram, Manachanallur, Tiruchengode, Parangipettai, Sathyamangalam, Rasipuram, Shenkottai, Pallikonda, Vedaranyam, Usilampatti, Natham, Vandavasi, Suriyampalayam, Puliyankudi, Peravurani, Aruppukkottai, Ponneri, Thanjavur, P.N.Patti, Theni, Ambattur, Valparai, Uthamapalayam, Tiruchirappalli, Sholavandan, Vellore, Dindigul, Tiruppur, Nandivaram-Guduvancheri, Vikramasingapuram, Tiruttani, Unnamalaikadai, Sholingur, Tiruchendur, Panagudi, Palladam, Namakkal, Pallavaram, Surandai, Nanjikottai, Uthiramerur, Vaniyambadi, Tirukalukundram, Udumalaipettai, Avadi, Padmanabhapuram, Tittakudi, Sankari, Panruti, Kallakurichi, O' Valley, Tenkasi, Sivagiri, Tiruvottiyur, Paramakudi, Pudupattinam, Kanyakumari, Vellakoil, Theni Allinagaram, Thammampatti, Tiruvannamalai, Tamil Nadu, Thuraiyur, Perambalur, etc.

You can also search for

Check Wifi Speed Every Districts List of Tamil Nadu All One Person Company registered in Tamil Nadu List of All Limited Liability Partnership Firm in Tamil Nadu Find Company Find Limited Liability Partnership Find Ifsc Code Icici Saraswat Cooperative Bank Limited Branch List Get My Pin Code

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Selling And Buying Again Can Be Costly For Investors

Investors considering selling one property and buying another need to consider the high costs of those transactions.

Mark Shorrock, Managing Director of Bluestone Property Management, says the best strategy for most investors is accumulate assets in a growing portfolio of properties, rather than trading in real estate.

One of the key reasons is the costs of buying and selling – and buying again.

“If you’re thinking about selling your investment property, it’s worthwhile considering not only the costs associated with selling the property, but also the out-of-pocket expenses you incurred during the purchase of the property,” Shorrock says.

The transaction costs can seriously erode any capital gains made while owning the property.

A further impact comes from the costs of buying a new property to replace the one sold.

Shorrock provides this case study:

Sale Of Investment Property

Agent Commission (Based on 2.75% inc GST):  $13,750

Advertising:                                                                $ 3,000

Legal Fees/Conveyancing Fee:                               $ 1,000

Total costs:                                                                 $17,750

Investors also need to consider the $16,494 in out-of-pocket expenses they incurred to purchase that investment property:

Purchase Of Investment Property

Stamp/Transfer Duty:                                             $14,175

Transfer Fee:                                                             $1,132

Mortgage Registration Fee:                                    $187

Legal fees/Conveyancing Fee:                                $1,000

Total costs:                                                                 $16,494

Total Expense To Turn Over Property

Purchase of Investment Property                          $16,494

Sale of Same Investment Property                        $17,750

Total costs:                                                                 $34,244

Shorrock says that if you’re selling one investment property to purchase another, you can expect to add the additional costs of that transaction, bringing the overall total of purchase/sale costs to $50,738 ($16,494 + $17,750 + $16,494)

We hope that this open and transparent information helps you make educated, well informed and calculated decisions about selling your investment property.

NOTE: Mark Shorrock joins Hotspotting founder Terry Ryder in a free webinar “Why a good property manager matters more than ever – and a worth every cent”

The post Selling And Buying Again Can Be Costly For Investors appeared first on Bluestone Property Management & Sales.

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GST Exemption Limit Doubled to Rs 40 Lakh

In a “massive relief” to small businesses, the GST Council on Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and announced that the higher turnover cap of Rs 1.5 crore for availing composition scheme of paying 1 per cent tax will be effective from April 1.

The Council also allowed Kerala to levy a 1 per cent calamity cess on intra-state sale of goods and services tax for a period of up to two years to mobilise revenues to meet the cost of rehabilitating parts of states that were ravaged by floods last year.

Finance Minister Arun Jaitley said the taxpayers with an aggregate turnover of Rs 40 lakh would now be exempted from the GST. For the north eastern states, the exemption would now be Rs 20 lakh. Currently, businesses with a turnover of up to Rs 20 lakh is exempt from GST registration, while the limit for hilly and north eastern states is Rs 10 lakh.

Sources said the annual revenue loss on account of doubling exemption limit to Rs 40 lakh, considering that all states implement it, is Rs 5,200 crore.

Jaitley said the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.

Also, service providers and suppliers of both goods and services up to a turnover of Rs 50 lakh would be eligible to opt for the GST composition scheme and pay a tax of 6 per cent.

The twin decision under the composition scheme would have an annual revenue impact of about Rs 3,000 crore.

“The GST Council in its 32nd meeting today accorded massive relief for MSME sector,” Jaitley tweeted.

On GST rate for real estate, the council has decided for form a seven-member group of ministers after differences of opinion emerged at the meeting, he said, adding there were diverse views on lottery. A ministerial panel will look into it as well.

Businesses opting for the composition scheme would have to file just one tax return annually but pay taxes once every quarter. Also free accounting and billing software will be made available to small assessees up to Rs 1.5 crore turnover.

Jaitley said: “A very large part of GST comes from formal sector and large companies. Each one of these decisions is intended to help the SMEs. You have given them various options. If they are in services sector, they can get 6 per cent compounding, if they are in manufacturing and trading up to Rs 1.5 crore they can get 1 per cent compounding. They can make use of exemption of up to Rs 40 lakh”.

The finance minister said there would be two thresholds Rs 40 lakh and Rs 20 lakh for exemption from registration and payment of the GST for the suppliers of goods, with the facility that one can ‘opt up or opt down’ depending on revenue.

“Few states had a view that if the turnover threshold is hiked to Rs 40 lakh, their assessee base gets eroded. So if they inform the Secretariat within a week then they would be given the option to opt down. Puducherry has kept this option. This is a onetime exception and does not affect businesses with inter-state supplies,” Jaitley told reporters.

Revenue Secretary Ajay Bhushan Pandey said even though currently the exemption limit is Rs 20 lakh, but still there are about 10.93 lakh taxpayers who are below Rs 20 lakh but are paying taxes.

Source : https://www.dailypioneer.com/2019/business/gst-exemption-limit-doubled-to-rs-40-lakh.html

[aftergraduation-blog]

ICMAI CAT Course Jan 2018 Exam, Certificate In Accounting Technicians

The Institute of Cost Accountants of India has announced for ICMAI CAT Jan 2018 Exam for Foundation Course (Entry Level) to be held on Saturday, January 06, 2018 in two sessions for the eligible candidates. The Certificate in Accounting Technicians (CAT) Course is of one-year duration. Application Forms for CAT Examination is available on Institute’s website and can be filled online.

In the morning session (10:00 A.M to 12:00 P.M ) of CMA CAT Jan 2018 exam, candidates will appear for Paper I and then afternoon session (02:00 P.M to 4:00 P.M ) they will appear for Paper-II.

Objective of ICMAI CAT

Certificate in Accounting Technicians (CAT) Course is introduced to meet the huge demand for entry-level Accountants in India, ICAI has launched a short-term Course – Certificate in Accounting Technicians (CAT) for 12th (10+2) passed and Under Graduates. This Course has been introduced in consultation with Ministry of Corporates Affairs, Government of India.

CAT equip students to become well versed with the maintenance of accounts, preparation of Tax Returns, Filling of Returns under Companies Act, Filling of Returns under Income Tax, GST, Customs Act, Export & Import documentation etc.

Eligibility Criteria for ICMAI CAT Course

The students who have passed/appearing 12th (10+2) examination are eligible to take admission in Foundation (Entry Level) Part-I of CAT Course.

READ Too: 9 Career Options In Commerce You Can Choose After Graduation

Eligibility Criteria Foundation Course Examination

For admission to Foundation Course (Entry Level) Part-I Examinations, the following conditions are to be fulfilled by a candidate:

He/She has valid Registration Number.

He/She is not debarred from appearing in     the Examination.

He /She has submitted the examination form     duly filled in within the specified time along with the requisite     fees to the Directorate of CAT and has a minimum of 70% attendance in     the Oral Coaching.

Important Dates for ICMAI CAT January 2018

Last Date for Receipt of Application Form without Late Fee: November 30, 2017

Last Date for Receipt of Application Form with Late Fee of Rs.100/-: December 10, 2017

Availability of ICMAI CAT Admit Card Jan 2018: To be announced

Declaration of ICMAI CAT Result Jan 2018: To be announced

Date of Exam ICMAI CAT January 2018: January 6, 2018

Paper-I: 06th January 2018 [Saturday, 10.00 am to 12.00 pm Morning Session]

Paper-II: 06th January 2018 [Saturday, 02.00 pm to 04.00 pm After Noon Session]

ICMAI CAT January 2018 Exam Fees

ICMAI CAT January 2018 Exam Fees (without late fees) – Rs. 730/- (Seven Hundred Thirty),

with late fees – Rs. 830/- (Eight Hundred Thirty)

Examination Fees to be paid through payment gateway by using Credit/Debit Card or Bank Draft of requisite fees drawn in favor of “The Institute of Cost Accountants of India” payable at New Delhi.

ALSO READ: Finance Certificate Courses For Better Finance Career Opportunities 

ICMAI CAT January 2018 Examination Centres

Ajmer, Alleppey, Bhopal, Bilaspur, Chennai, Cochin, Coimbatore, Dehradun, Delhi, Dhanbad, Durgapur, Erode, Faizabad, Gorakhpur, Hyderabad, Idukki, Jaipur, Kannur, Kanpur, Kasaragod, Kolkata, Kollam, Kota, Kottayam, Kozhikode, Madurai, Malappuram, Muzaffarpur, Nellore, Palakkad, Pathanamthitta, Patna, Pudukkottai (TN), Raipur, Rajahmundry, Sri Ganganagar, Surat, Thrissur, Tinsukia, Tirunelveli, Trivandrum, Udaipur, Vellore, Vijayawada, Visakhapatnam, Wayanad (If no examination centre is available at a particular location, examinees will be accommodated at the nearest Centre available).

How to Fill ICMAI CAT Jan. 2018 Exam Form?

Examination form for CAT Examination is available on Institute’s website and can be filled online only. After submitting the online form, students will send their printed filled Forms along with the fees to the Directorate of CAT, The Institute of Cost Accountants of India “CMA Bhawan”, 3, Institutional Area, Lodi Road, New Delhi – 110003.

A candidate who is fulfilling all conditions will only be allowed to appear for the exam.

Exam Pattern for CAT Foundation Courses (Entry Level) Part-I

The examination will be computer based (online) and there would be Multiple Choice Questions in the examination paper. There will be no negative marking for wrong answers.

Paper I (100 Marks)

Section A:- Fundamentals of Financial Accounting (60 Marks)

Section B:- Applied Business and Industrial Laws (40 Marks)

Total Questions:- 100 (Multiple Choice Questions)

Maximum Marks:- 100 ( Each Question will carry 1 Mark)

Paper II (100 Marks)

Section A: Financial Accounting – 2 (50 Marks)

Section B:- Statutory Compliance (50 Marks)

Total Questions:- 100 (Multiple Choice Questions)

Maximum Marks:- 100 ( Each Question will carry 1 Mark)

Standard of Pass

A Candidate of Foundation Course (Entry Level) Part-I Examination shall be declared to have passed in the Examination if he secures minimum 40% marks in each paper and an aggregate of 50% of total marks  in the Foundation Course (Entry Level) Part-I Examination.

ALSO READ: More Relaxation In Eligibility Criteria For Direct Entry CA Students

Admit Card

Admit Card will be issued by the ICAI for the examination, which will be held on to be announced. Candidates can download their admit card from the “Admit Card” link from official website before two weeks of examination.

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