CAclubindia Articles

Provisions related to Appellate Proceedings under GST

CA.Sangam Aggarwal 12 February 2024 at 08:48

Filing a GST appeal before Appellate Authorities is a crucial step for taxpayers seeking resolution on disputed tax matters.

Understanding the Impact of E-Way Bill Timing: No GST Penalty Amidst Detention and Seizure of Goods

Vivek Jalan 12 February 2024 at 08:48

In this backdrop we are discussing, E-Way bill detention cases which are being handled by Industry as well as by consultants on a regular basis.

Excess stock found during survey - Business income or undisclosed investments

Vivek Jalan 10 February 2024 at 14:10

Whoever makes an assertion, must substantiate it. But whoever requires substantiation must also accept it or prove otherwise! In case an assessee explains the source of the investment in excess stock in his statement that the same was undisclosed income of the assessee from its business

Resolving Input Tax Credit Discrepancies under GST

CA Aman Rajput 10 February 2024 at 12:39

In a recent judgment by the Kerala High Court in the case of Kochi Medicals v. State Tax Officer, the court addressed the issue of mismatch between GST returns filed by a petitioner and the corresponding input tax credit available, highlighting the complexities faced by taxpayers during the initial stages of GST implementation.

A Complete Guide ESG in Auditing

Sai Kiran 10 February 2024 at 09:12

Here's a guide on ESG (Environmental, Social, and Governance) in auditing as per discussions and recommendations from UNO

Form 10F Update: PAN-Free Tax Filing for NRIs

CA Arun Tiwari 10 February 2024 at 09:12

In a significant development, non-resident Indians (NRIs) can now navigate tax-related matters more efficiently, thanks to the introduction of electronic filing for Form 10F.

Provisions of Anti-Profiteering are constitutionally valid

Bimal Jain 09 February 2024 at 17:18

When GST was introduced in the Country, the Government ensures either a reduction in GST rates and/ or allowed GST credit, which was not available in the pre-GST regime on various Goods or Services and wanted corresponding benefits as allowed to the Companies by forgone revenues on above account should be passed to the consumers.

Rajasthan Budget 2024: A Detailed Breakdown

CA Aman Rajput 09 February 2024 at 14:42

The Rajasthan Budget 2024, presented by Diya Kumari, marks the Bhajan Lal government's first budget in 22 years. It unveils several significant announcements impacting various sectors, aiming to improve the lives of citizens and bolster the state's economy.

12 Changes in ITR-6 Form for AY 2024-25

CA. Bhavik P. Chudasama 09 February 2024 at 11:18

CBDT has notified Income-tax Return Form 6 for the Assessment Year 2024-25, vide Notification No. 16/2024, dated 24-01-2024.

How to Import Bank Statements to Tally in 3 minutes?

Aarika 09 February 2024 at 09:52

Bank statements are a fundamental part of accounting. Accountants typically collect the statements from clients on a monthly basis, however, the frequency can vary with some businesses providing statements quarterly or even more frequently, depending on their size, transaction volume, and specific needs.