CAclubindia Articles

RCM on Rent for Family-Owned Properties: Impact of Notification No. 09/2024

Joseph Amal 21 November 2024 at 08:45

Impact of Notification No. 09/2024 on RCM for Rent Paid to Unregistered Persons: A Discussion on Family-Owned Commercial Properties

Landmark Ruling by Allahabad High Court: Goods Under GST Cannot Be Seized for Route Deviation

CA Naveen Pawnar 21 November 2024 at 08:38

In a significant judgment, the Allahabad High Court, in the case of Exide Industries Ltd. v. Addl. Commissioner Grade-II (Appeal)-1, delivered on July 9, 2024, ruled that goods transported under the GST regime cannot be seized or penalized solely due to a vehicle deviating from its expected route.

Clarification on Non-Generation of GSTR-2B for October 2024

CA Naveen Pawnar 20 November 2024 at 13:56

Recently, some taxpayers reported issues with the generation of GSTR-2B for the October 2024 tax period, citing its absence from the GST portal on November 14, 2024.

Choosing the Best Tax Regime for an Annual Income of Rs 10 Lakh: New vs Old

CA Naveen Pawnar 20 November 2024 at 08:40

As an individual with an annual income of ₹10 lakh, one of the key decisions you need to make when filing your taxes is choosing between the old tax regime and the new tax regime.

Resolving Gaps Between GSTR-2B and GSTR-3B Data

Mitali 19 November 2024 at 15:19

If you have observed that there are discrepancies between GSTR-2B and GSTR-3B or GSTR-2B is not generated, then you can look for these steps to re-compute it

Artificial Intelligence In Human Resources

Affluence Advisory 19 November 2024 at 08:38

Human Resources (HR) is one of the most crucial departments in any organization, responsible for managing the most important asset: the people.

Understanding the New IMS (Invoice Management System) on GST Portal

CA Umesh Sharma 19 November 2024 at 08:38

IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices pending based on the records uploaded by their suppliers in GSTR-1 or IFF. This gives recipients control over their Input Tax Credit (ITC) eligibility before filing GSTR-3B.

ITR is Statutory Document that must be considered while deciding Compensation

FCS Deepak Pratap Singh 18 November 2024 at 05:14

The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.

Challenges Faced By Small and Medium-Sized Enterprises in 2024

Ishita Ramani 18 November 2024 at 05:14

In this article, we elaborate the challenging situations faced by Small and Medium-sized businesses, supplying insights and ability solutions.

AI's Role in Revolutionizing Compliance and Regulatory Reporting for Chartered Accountants

CA Aditya 18 November 2024 at 05:14

This article explores the practical applications of AI in accounting, highlighting how these technologies improve efficiency, reduce errors, and ensure adherence to ever-changing regulations.