CAclubindia Articles

GST on Footwear: New Rates from 22nd September 2025

Posted by Mitali 06 February 2024 10754 Views

GST for footwear products now up to to Rs 2500 isat 5% while products priced above Rs 2500 increased to 18% from the existing 12%.

Key Takeaways from Budget for Individual Financial Goals

Posted by CA Umesh Sharma 06 February 2024 2692 Views

Hon'ble Finance Minister Nirmala Sitharaman of our country announced the Interim Budget 2024 on 1st February 2024. Here are the key takeaways for individuals from the budget.

Indian Tobacco Industry Faces Crackdown: Unregistered Packing Machines to Attract Rs 1 Lakh Penalty

Posted by Abhishek Raja 06 February 2024 2799 Views

In a bid to curb revenue leakage within the tobacco manufacturing sector, the Indian government has introduced a significant amendment to the Central GST Act.

EPF Accounts for NRIs: Eligibility, Process, Withdrawals and Transfers

Posted by CA Arun Tiwari 06 February 2024 1292 Views

This article explores key aspects of the EPF, including eligibility, the process of opening and managing accounts, withdrawal options, account transfers, and other crucial information for Non-Resident Indians (NRIs).

Process to add Co-Founder in a Private Limited Company

Posted by Ishita Ramani 06 February 2024 840 Views

The co-founder is the company's first employee and helps with planning, financing, employee onboarding, product development, and mentoring.

No Interest under GST on delayed filing of GSTR-3B

Posted by Vivek Jalan 06 February 2024 9884 Views

While Section 50 of The CGST Act was retrospectively amended to provide that there would be no interest liability on delayed filing of GSTR-3B to the extent of balance in The Electronic Credit Ledger

GST on Export of Services

Posted by Sparsh Wadhwa 06 February 2024 4383 Views

Exporting goods and services can have a significant positive impact on businesses of all sizes. The chance to access a diverse range of potential clients by tapping into a sizable global market is one of the main advantages.

Error in drafting Section 87A of Income Tax Act, 1961

Posted by CA Tejas Andharia 05 February 2024 15674 Views

Most of us would be knowing about and have been claiming a rebate under section 87A of Income Tax Act, 1961. But very few of us would be fully aware about the controversial implications of new drafted proviso (b) to this section which is effective from AY 2024-25. Let's see the Section 87A of Income Tax Act, 1961 first.

ISD and Budget 2024 Proposal under GST

Posted by CA Roopa Nayak 05 February 2024 7490 Views

In this background, the Budget 2024 has proposed amendment to make distribution of common credit mandatorily by ISD route. This proposal is yet to be notified. The author has examined the ISD concept and the implications of the latest proposals.

Decoding Slump Sale: Merger Implications under Companies Act & Income Tax Act

Posted by Priyanshi Garg 05 February 2024 1879 Views

Slump Sale means the transfer of one or more undertakings against a lump sum consideration without values being allocated to the individual assets and liabilities.