CAclubindia Articles

Outward Supply additional disclosures in Form GSTR-3B

CA Akshay Hiregange 14 July 2022 at 15:02

In order to accommodate new changes in the law and new disclosure requirements, the present GSTR-3B may see some changes soon, as specifically mentioned in the press release of the 47th council meeting. A revised GSTR-3B form may be put up in the public forum for comments and suggestions.

Tips to save up money even during recession

Suhasini 14 July 2022 at 11:55

In this article, we give you tips on how you can cut down on some costs and how to save some cash.

What is income?

Taxblock 14 July 2022 at 11:00

Income is the money an individual receives in compensation for their work, services, or investments. For businesses, Income means revenue that a business generates by selling its goods and services. Revenue is the money earned by a company from selling goods or services throughout its operations.

How to Import Masters and Vouchers to Tally?

Neethi V. Kannanth 14 July 2022 at 08:56

To import masters into XYZ Company, you need to ensure that both the options Maintain stock categories and Maintain batch-wise details are enabled in XYZ Company before importing.

Refund in case of Duty Free Shops (DFS) at international terminal

CA Pradeep Sharma 13 July 2022 at 08:50

GST Council 47th meeting also clarify by explaining "Supplies from Duty Free Shops (DFS) at international terminal to outgoing international passengers to be treated as exports by DFS and consequential refund benefit to be available to them on such supplies.

Changes in reporting of input tax credit in GSTR-3B

Nilesh Mahajan 13 July 2022 at 08:50

Changes in reporting of input tax credit in GSTR-3B [Notification No. 14/2022 - Central Tax dated 5th July 2022 read with Circular No.170/02/2022 dated 6th July 2022]

On what criteria will the loan against equity shares be sanctioned to me?

Vikas Kumar 13 July 2022 at 08:50

You can now take a loan against the equity shares held in your Demat account. This is a convenient way in which you can get the money you were looking for without having to sell any of your assets. You can simply draw a loan and use your equity holdings as collateral.

Errors in AIS on IT Portal? How to Handle it?

Poojitha Raam 12 July 2022 at 16:30

One of the important documents for verification while Tax filing is the Summary statement of AIS. The Annual Information Statement (AIS), launched last year, is a comprehensive statement containing details of 46 of the financial transactions like Income, Investment, Expenditure happened in a particular Financial Year.