CAclubindia Articles

Late Fees on GSTR 9C - Whether Leviable?

Amol Gopal Kabra (CA,CS,DISA) 25 January 2025 at 14:37

Let us discuss the applicability of late fees on the filing of GSTR-9C.

Taxation in LLP vs Pvt. Ltd: Which is More Beneficial?

Ishita Ramani 25 January 2025 at 08:50

When starting a business, one of the critical selections is choosing the right shape. Among the popular alternatives are LLP and Pvt Ltd (Private Limited Company). Here's a detailed look at taxation for LLP vs Pvt Ltd and its impact on businesses.

EPFO Reforms: Direct Online Transfer Claims Without Employer Mediation

CA Naveen Panwar 25 January 2025 at 08:50

In a significant move aimed at enhancing user convenience, the Employees' Provident Fund Organisation (EPFO) has introduced reforms that eliminate the need for routing online transfer claims through an employee's current or past employers.

Chartered Accountants: Essential Players in Investment & Merchant Banking

CA Jaydeep Babubhai Vadher 24 January 2025 at 08:50

Chartered Accountants (CAs) play a crucial role in both investment banking and merchant banking, but their involvement differs in terms of the type of services provided and the focus of their work.

Government Likely to Introduce Simplified Income Tax Bill in Budget Session

CA Naveen Panwar 24 January 2025 at 08:50

The government is expected to propose a new Income Tax bill during the upcoming Budget session of Parliament, aiming to overhaul the current tax legislation.

ITC Restrictions Under Section 17(5)(h) of CGST Act: Key Clarifications and Contradictory Judgments

deepak K Gujrati 23 January 2025 at 14:21

UPDATE 17(5)(h) of the CGST Act - GOODS LOST, STOLEN, DESTROYED, WRITTEN OFF OR DISPOSED OF BY WAY OF GIFT OR FREE SAMPLES

Breaking Barriers: How Cross-Border Payments Are Empowering Indian Exporters

CA Gyati Gupta 23 January 2025 at 08:38

It’s the story of an evolving India—one where small businesses, freelancers, and exporters are making their mark in the global marketplace. But behi

Receivable Audits & External Confirmations on Financial Reporting

J. D. Shah Associates 23 January 2025 at 08:34

In the current business environment, accurate financial statements are crucial for effective decision-making and ensuring financial stability. Let's dive deeper into why these practices are so important for your business.

Delhi High Court Rules: Grounds of Arrest Must Be Communicated in Writing

CA Naveen Panwar 23 January 2025 at 08:34

In a landmark judgment, the Delhi High Court, in the case of Kshitij Ghildiyal vs. Director General of GST Intelligence, Delhi [W.P. (CRL) No. 3770/2024], has underscored the importance of protecting the rights of individuals during arrest.

The Legal Importance of Partnership Deed for Tax Compliance

Ishita Ramani 22 January 2025 at 08:46

A Partnership Deed is a crucial file in any partnership business. It outlines the rights and obligations of every associate and provides a clear way for the business to function.