CAclubindia Articles

This Diwali, Celebrate with GST Firecrackers!

Posted by CA Umesh Sharma 29 October 2024 703 Views

Let's discuss some key important GST firecrackers that will help taxpayers in better compliance with GST law.

Key Differences Between Direct and Indirect Taxes: Understanding Their Impact on Businesses

Posted by Ishita Ramani 28 October 2024 527 Views

This article explores the main differences between direct tax and indirect tax and highlights their impact on corporations.

MBP Under Companies Act: Understanding the Relationship

Posted by Priya Garg 26 October 2024 942 Views

MBP, also known as Related Party Transactions (RPT), refers to transactions between a company and its related parties. Related parties can include directors, key managerial personnel, their relatives, and firms in which they have a substantial interest. T

CBDT Grants Extra Time for Taxpayers Requiring Audit

Posted by Mitali 26 October 2024 618 Views

Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.

New Rule 47A - Time limit for Self-Invoice under RCM

Posted by CA. Shivam Agrawal 26 October 2024 7105 Views

I am writing to draw your kind attention to the insertion of new Rule 47A in CGST Rules, 2017 with effect from the 1st day of November, 2024, made by the CGST (Second Amendment) Rules, 2024 notified vide Notification no. 20/2024 - Central Tax.

Waiver of Interest and Penalty in terms of Section 128A of CGST Act

Posted by Affluence Advisory 26 October 2024 1704 Views

Section 128A of CGST Act provides for waiver of interest or penalty or both relating to demand under Section 73 of CGST Act pertaining to period July 2017 to March 2018, FY 2018-19, FY 2019-20.

Time Limits for Income Tax Notices and Assessments: Quick Guide

Posted by CA Ruby Bansal 25 October 2024 2299 Views

Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters

Concept of TDS under GST in the Metal Scrap Sector

Posted by CA Piyush Agarwal 25 October 2024 6794 Views

The provisions for Tax Deducted at Source (TDS) under GST, as outlined in Section 51 of the CGST Act, were initially limited to government entities and public s...

PAS 6 Applicability in 2024: Changes and New Guidelines for Unlisted Companies

Posted by Ishita Ramani 25 October 2024 1587 Views

As we move into 2024, it's important to understand the PAS 6 applicability modifications and the new tips affecting unlisted companies. This article delves into the key updates and their implications for organizations.