CAclubindia Articles

Empowering Auditors: A Game-Changing Common Balance Confirmation Portal for Enhanced Financial Auditing

Rashmi 09 June 2023 at 09:02

In a significant development for the auditing industry, a revolutionary mechanism is set to transform the process of obtaining balance confirmations. A common balance confirmation portal is being introduced to provide statutory auditors with reliable "external confirmation of balances" for effectively auditing financial statements.

GST evasion notice: GST Department to move SC against HC relief to Gameskraft

Abhishek Raja 08 June 2023 at 16:03

The revenue department has decided to move Supreme Court against the Karnataka High Court order that quashed a Rs 21,000-crore GST show-cause notice on Bengaluru-based online gaming company Gameskraft.

Business Responsibility and Sustainability Reporting (BRSR) - Benefits, Applicability and recent issues

Affluence Advisory 08 June 2023 at 13:10

The Business Responsibility and Sustainability (BRS) report, offers several benefits to organizations.

Applicability of ITR forms for individuals, HUF & firms on the basis of certain factors

Geetanjali Pandey 08 June 2023 at 09:54

Applicability of ITR forms for individual, HUF & firms on the basis of certain factors

GSTR 3B Table 4 Simplified

CA Kunal Arora 08 June 2023 at 09:44

CBIC vide Notification No. 14/2022 - Central Tax dt. 5th July 2022 read with Circular No. 170/02/2022-GST dt. 6th July 2022 updated the reporting format for GSTR 3B Table 4.

Understanding Impact of New TCS Rule on Educational Expenses for Students Studying Abroad

Rashmi 08 June 2023 at 09:10

In this article, we will delve into the details of how the new TCS rule will impact students who are currently studying in foreign universities or schools, as well as those who are planning to study abroad soon.

Provisions relating to Transfer of Shares of Listed and unlisted companies

Affluence Advisory 08 June 2023 at 09:10

Process for transfer of shares of Public Company in demat form

Benefits of filing Income tax return (ITR) on time

Divyanshu Sharma 07 June 2023 at 15:54

Listing some of the benefits of filing an Income tax return on time

GST Registration for OIDAR Services

Ishita Ramani 07 June 2023 at 14:17

The term OIDAR services, which stands for Online Information and Database Access or Retrieval services, pertains to services provided through the internet or electronic networks with minimal human involvement.

General Penalty u/s 125 of CGST Act

Abhishek Raja 07 June 2023 at 08:56

Section 126 of the CGST Act lays down certain guiding principles that must be followed while imposing penalties under the GST regime. These principles ensure that the penalties are imposed fairly, objectively, and in a proportionate manner.