CAclubindia Articles

What is GSTN?

Taxblock 12 July 2022 at 08:50

The Goods and Services Tax Network (GSTN) is a non-profit, non-government organization that provides IT infrastructure and services to the central government, state governments, taxpayers, and other stakeholders.

Important Updates and Due Date Compliances under GST for July 2022

Tarun Kr. Gupta 11 July 2022 at 09:14

Important clarifications/ amendments issued by the Government on GST in June/ July 2022 along with compliance timelines in July 2022

Illustrative Clause 44 Of Form 3CD for FY 2021-22

CA Sudhir Halakhandi 11 July 2022 at 09:04

The Clause 44 of the Form 3CD is effective for Assessment Year 2022-23 i.e. for the Financial Year 2021-22 because the compliance of this clause was kept in abeyance till 31/03/2022 but for all the reports submitted after that date the clause is mandatory.

Case Study 3: Foreign Exchange Management Act 1999

FCS Deepak Pratap Singh 11 July 2022 at 08:43

One couple purchased house property jointly. After the death of the lady ownership of her part transferred to two children. They sold house property. Long Term Capital Gain arises. But one child who is a resident of US wants to transfer his part in the US. Is it possible?

Sacred wisdom for CA/CS/CMA students - Key success factors

CS Advocate Abhishek Goyal 11 July 2022 at 08:43

List down all your achievements so far, and be proud of them, reward yourself at least with a pat on the back. Your achievements may not be big but they are not smaller either.

TDS And TCS under Income Tax

Taxblock 11 July 2022 at 08:43

TDS and TCS are the government's most important sources of revenue. It's also critical for businesses to pay their taxes on time to avoid penalties and remain compliant.

How to report ITC in Form GSTR 3B as per latest circular

Ajay Kumar Maggidi 11 July 2022 at 08:43

In order to bring uniformity in reporting of ineligible and reversal of credits, CBIC has issued a circular (No. 170/02/2022- GST) regarding furnishing of information regarding ITC availed, reversal and ineligible ITC in Table 4 of GSTR-3B.

Format of GSTR 3B - Table 4

Yash Bhadiyadra 09 July 2022 at 09:02

Circular 170/08/2022 - GST - Tabular Format - In a simple manner and easy to understand

Section 194R TDS

Shreyansh Ranka 09 July 2022 at 09:02

Responsibility to deduct TDS under this section is not casted on the Individual/HUF in case the total sales during the immediate preceding financial year do not exceed 1 Crore rupees in case of business and 50 Lakh rupees in case of the profession.

GST in RCM in case of ocean freights

CA Pradeep Sharma 09 July 2022 at 09:02

The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.