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How do E-way bill rules impact the Unregistered Persons?

The EWay Bill has gone live since 1 April 2018. Under the provision, an unregistered person under GST, as part of their usual business process may need to transport goods. Read how eway bill rules impact the unregistered person?

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Generating a E way Bill: 3 Things You need to be Aware of

E-way bill for interstate movement of goods will start from 1st April 2018. E-way bill for intra state movement of goods will start from 15th April 2018 in a phased manner.

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6 Things You Need to Know about Eway Bill

e-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs 50,000 as mandated by the Government in terms of Rule 138, Section 68 of the Goods and Services Tax Act.

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Modicare needs a data prescription

The newly minted Ayushman Bharat National Protection Mission - which in all probability would sport the moniker 'Modicare'- has all the trappings of large scale reform, possibly even the promise of life transforming social impact.

Tags : India
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Filing a Mutual Fund Document in the XBRL Format? Check for these 3 Common Misses

Your mutual fund XBRL filing of Risk/return summaries need not be complex and time-consuming. At IRIS, we have processed over 270 filings for several mutual fund entities. Our experience shows that you only need to focus on three key areas to get your filings right the very first time. They are Tags, Structure, and Label. Read here to know more.

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Recommendations of GST council on Eway Bill- Key Highlights

The GST Council, in its 26th meeting held on 10th March 2018, has given a nod for rolling out Eway Bill from 1st April 2018. The Eway Bill mandate will kick-off with inter-state transactions and by 1st June it will be implemented for intra-state movement of goods. Read the key highlights of the recommendations.

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FASB Releases Proposed 2018 Shared Reporting Taxonomy (SRT)

Financial Accounting Standards Board (FASB) has released the draft version of 2018 Shared Reporting Taxonomy (SRT) which is open for public review and comment.

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Exhibit Hyperlink Rule Kicks-off, Have You Upgraded Your Software?

The quarterly and annual reports of the US Public Companies have a section in their document - Index to Exhibits, which provides a list of exhibit information that needs to be read in conjunction with the report that’s being filed.

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Attention Compliance Team: New SEC EDGAR Upgrade Important note for Q3 filers

The current version upgrade of 17.2, the EDGAR systems will support only two recent versions of the GAAP taxonomy – i.e. 2017 US GAAP and 2016 US GAAP taxonomy. Apart from this, the EDGAR systems no longer support some of the supporting taxonomies such as 2013 COUNTRY taxonomy, 2014 CURRENCY taxonomy and the 2015 EXCH taxonomy.

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South Africa to mandate Inline XBRL from July 1, 2018

South Africa has recently announced that all companies that currently submit their Annual Financial Statements (AFS) need to report their financial information in iXBRL (Inline XBRL).

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US GAAP 2018 Taxonomy is out for public comments

The SEC strongly believes that inline XBRL submissions will improve the data quality and over time, decrease cost of preparation of data. This will also decrease compliance requirement of dual filing of EDGAR HTML and XBRL documents since inline XBRL combines both XBRL and HTML into one single viewable document.

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Why Inline XBRL Filing has got More Popular in the Past Year

SEC this march proposed the use of inline XBRLformat for SEC submissions which was introduced voluntarily last year.The number of companies that have adopted Inline XBRL has quadrupled in a year. This clearly shows inline XBRL is easing out the lives of the preparers.