CAclubindia Articles

Penalty Levied For Violation of Section 122(1)(i) of CGST Act, 2017

Posted by CA Ruby Bansal 23 December 2023 7987 Views

The officers are conducting on-site visits to entities and shops to purchase products and inspect the issued invoices. If the invoices are fake or incorrect, they issue notices under section 122 (1) (i) of the CGST Act, 2017.

Selling Agricultural Land to NRIs: Maximise Returns, Minimise Risks with Instalment Payments

Posted by CA Arun Tiwari 23 December 2023 773 Views

The objective of this discussion is to decode the legal complexities, address the challenges and suggest sensible strategies to maximise profits while minimising the risks in these transactions.

Income Tax Raids Net 351 Crore Cash and Expose Alleged Tax Evasion in Liquor Business

Posted by CA Aman Rajput 23 December 2023 3946 Views

A recent press release from the Income Tax Department reveals a major crackdown on a business group operating in Odisha, Jharkhand, and West Bengal.

Decoding Difference Between Personal Loan and Business Loan

Posted by Pranab Banerjee

22 December 2023 1139 Views

In the vast landscape of financial options, two prominent players often stand out – personal loans and business loans. Understanding the intricacies of each can be the key to making informed financial decisions that align with your needs and goals.

Triumphs and Trials

Posted by CA Pallav Singhania 22 December 2023 687 Views

My article emphasizes the pivotal role of planning and strategy as essential tools for navigating and overcoming the obstacles and challenges presented by the passage of time.

Conditions for Blocking ITC u/s 86A Demand Strong Cases and Due Process for Taxpayers

Posted by Vivek Jalan 22 December 2023 3580 Views

Blocking of ITC u/s 86A is possible only when the officer has a strong case; opportunity of being heard has to be provided to the taxpayer also

RBI tightens norms for lenders investing in Alternate Investment Funds (AIFs)

Posted by Affluence Advisory 22 December 2023 1925 Views

The Reserve Bank of India (RBI) issued a circular, RBI/2023-24/90, on December 19, 2023, addressing concerns related to investments in Alternative Investment Funds (AIFs) by regulated entities (REs).

Understanding the Consumer Protection (Direct Selling) Rules, 2021

Posted by CA Aman Rajput 22 December 2023 795 Views

Recently, the Government of India introduced the Consumer Protection (Direct Selling) Rules, 2021 to regulate activities related to direct selling. These rules aim to protect consumers and ensure fairness in the direct selling business.

Startup India Recognition Certification: Registration with DPIIT

Posted by Compliance Calendar LLP 21 December 2023 916 Views

Startup India Certification is a recognition granted by the Government of India to eligible entities that meet the criteria specified under the Startup India initiative.

Key highlights of Report on Group Insolvency

Posted by CS Peer mehboob 21 December 2023 2173 Views

IBC does not explicitly provides for dealing with cases of group insolvency. However, the Adjudicating Authority (AA) at several occasions, has attempted to consolidate the insolvency resolution processes of such companies because of the higher possibility of revival and better value realization.