CAclubindia Articles

The Downfall of Sri Lankan Economy

sahil rahaman 17 June 2022 at 09:10

Many people are blaming Covid for the downfall of the Srilankan economy but the problems are going on for decades and that is the reason that the economy is in bad shape.

Understanding Infrastructure Projects and their Financing and Eventual Execution & Closing

CA Ranganatha Achar K 16 June 2022 at 13:01

Any project to succeed in India should have a steady demand and I do foresee steady growth in the footfalls in the airport because of the huge population base in the state of Uttar Pradesh which has almost population of nearly 23 crores, initially, skeptics had doubts about the viability of Bangalore International Airport Limited (BIAL)

All about clubbing of income

Neethi V. Kannanth 16 June 2022 at 08:58

Clubbing of income means adding or including the income of another person (mostly family members) to one's own income. This is allowed under Section 64 of the IT Act.

Constant jiggling between past and future

Aarti Maurya 16 June 2022 at 08:58

Running towards future with a mind full of the past will lead us to nowhere. A day enjoyed beautifully with all works done productively will make you more self-satisfied and happy.

Treatment of post sale discount in GST

CA Pradeep Sharma 15 June 2022 at 15:36

While calculating GST on valuation of supply, discount shall not be the part of valuation but up to certain conditions which has been discussed in this article

Whether GST is leviable on royalty or not?

CS Advocate Abhishek Goyal 15 June 2022 at 08:53

Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.

RBI Digital Currency Myths & Reality

Praved Goud 15 June 2022 at 08:53

Many people are getting confused between cryptocurrency and digital currency. So are they the same? ; What is the difference between the two? ; Do we need them? What are all the Myths & Reality surrounding to it? Lets us discuss them in a brief manner.

How to draft reply to ASMT 10 in case of mismatch between 3B and 2A

CS Advocate Abhishek Goyal 14 June 2022 at 16:45

It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.

Input tax credit on insurance expenses under GST

CA Roopa Nayak 14 June 2022 at 15:08

In this article the paper writer has examined the major kinds of insurance expenses incurred by the taxpayer and the restrictions and eligibility to the credit thereof, relevant decisions in this context as well.

Actuarial Valuation for Accounting of Gratuity Benefits: AS 15 & Ind AS 19

Rajesh Kumar 14 June 2022 at 08:55

Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance of Ind AS 19 & AS 15 (Revised 2005) by Indian Public, Private and Multinational Companies