CAclubindia Articles

Detailed Breakdown of Incomes and Expenses in AIS Reporting

Posted by Priya Mulukutla 31 May 2024 4723 Views

57 types of incomes and expenses to be reported in the Annual Information Statement (AIS) on the Income Tax portal notified by CBDT.

Redevelopment of society: Tax implications

Posted by Affluence Advisory 31 May 2024 1669 Views

Redevelopment of society means tearing down an existing oneone and building a new one in place of it. it. Simply put, it isa reconstruction a reconstruction of the existing residential and/or commercial structure.

Reverse Charge Mechanism (RCM) under GST

Posted by Nitesh bind 30 May 2024 24488 Views

Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) is a process where the recipient of goods or services is liable to pay the GST directly to the government.

Reverse Charge Mechanism (RCM) under GST Regime

Posted by CA Vipin Garg 30 May 2024 28836 Views

The Reverse Charge Mechanism (RCM) under GST Regime is two-fold. Case1: Specified Supplies- Sec 9(3) of CGST Act Case 2: Supplies from Unregistered Persons- ...

Understanding of Reverse Charge Mechanism (RCM) under GST

Posted by Pratik Rathi 30 May 2024 19614 Views

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge Mechanism, the receiver of goods or service is becomes liable ...

All About GSTR-1

Posted by Neethi V. Kannanth 30 May 2024 8854 Views

GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.

GSTR-1 : Eligibility, Format, Return Filing and Late Fees involved

Posted by Aishna Kukreja 30 May 2024 13737 Views

GSTR 1 contains the details of the outward supply of goods, services, or both. GSTR-1 can be filed monthly as well as quarterly.

GSTR-1 Niggles that can be significant

Posted by Member (Account Deleted) 30 May 2024 6369 Views

The GSTR-1 filing schedule of Taxpayers whose turnover is above Rs.1.5 Crores is hectic that the GSTR-1 for the months of July, August, September and October

Section 194O | TDS on E-commerce Operator

Posted by CA.R.S.KALRA 30 May 2024 3578 Views

Discussing Section 194O of the Income Tax Act, which deals with the TDS on E-commerce Operator including its meaning, rate of TDS, and recent amendments etc.

Section 194O: TDS on Payments made to E-Commerce Participants

Posted by CA Piyush Agarwal 30 May 2024 9752 Views

According to Section 194O, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant. Know more about the section here.