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CAclubindia Articles


Impact of New GST Registration Rules on Startups

  Ishita Ramanipro badge    30 August 2024 at 08:48

This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.



Introduction of RCM Liability/ ITC statement

  Affluence Advisory    30 August 2024 at 08:45

A statement called RCM liability/ ITC statement has been introduced on GST portal.



Essential Income Tax Deadlines for September 2024

  Sachinpro badge    30 August 2024 at 08:43

Tax planning is vital for effective financial management and avoiding penalties. The income tax department has outlined crucial deadlines for September 2024.



Filing Belated Income Tax Return & Common Reasons for Delayed Filing

  Sachinpro badge    29 August 2024 at 08:39

You can file a belated Income Tax Return (ITR) if you missed the original deadline of July 31. The deadline to file a belated ITR is December 31 of the assessment year.



Case Study: Change in Accounting Estimates And Errors Reporting

  FCS Deepak Pratap Singh    29 August 2024 at 08:39

In the given case, the retrospective restatement has no effect on the information in the balance sheet at the beginning of the preceding period (i.e., 1st April 2021). Therefore, PQR Ltd. is not required to present a third balance sheet.



Valuing Securities Using the Option Pricing Method

  ValuGenius Advisors LLP    28 August 2024 at 14:17

The option pricing method (OPM) is a widely used approach for allocating equity value to various securities within the intricate capital structures of privately held companies.



IBBI's New Proposal: Streamlining MSME Resolution with Registration and Disclosure Reforms

  CS Peer mehboob    28 August 2024 at 14:09

On August 23, 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced a discussion paper proposing crucial amendments to the IBBI(Corporate Insolvency Resolution Process) Regulations, 2017 (CIRP Regulations).



Case Study: Revenue Recognition

  FCS Deepak Pratap Singh    28 August 2024 at 08:41

The entity ABC is a public limited company domiciled in India. The Government of India holds 52% in the paid-up equity capital of the company as of 31st March, 2023



Potential Changes in GST Slabs: 12% vs 18% GST Slabs

  Sachinpro badge    28 August 2024 at 08:35

A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.



GST Taxpayers Without Valid Bank Account to Be Barred from Filing GSTR-1 from 1st September

  Sachinpro badge    27 August 2024 at 08:36

From September 1, 2024, GST taxpayers must have a valid bank account linked to their GST registration to file GSTR-1.