CAclubindia Articles

GST Rate Rationalisation: Key concern in GST Compliances

CA. Heet Shah 10 June 2023 at 08:55

Rate rationalization has been a key area of concern in the GST regime since its implementation. The multiplicity of tax slabs, which currently include rates such as 0%, 5%, 12%, 18%, and 28%, along with additional cess on specific goods, has led to complexities and debates surrounding simplification and uniformity.

Ways to Avoid TCS on Foreign Tour Packages: A Guide for Indian Travelers

Rashmi 10 June 2023 at 08:54

This article aims to provide a comprehensive guide on how to potentially avoid the TCS and save on travel expenses when booking foreign tours.

Debt - The cheapest finance or a trap?

Mukul Agrawal 09 June 2023 at 09:57

Let's cater to some of the basic (non-technical) fundamentals that may lead to a first stage for avoiding debt traps.

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.