CAclubindia Articles
Ineligible ITC under GST
For a taxpayer, it is essential to determine whether the tax paid on the inward supplies is eligible as Input Tax Credit (ITC) or shall fall within the ambit of ineligible ITC. Section 17(5) of CGST Act 2017 provides for cases wherein a taxpayer would not be entitled to claim ITC unless it falls within the exceptions as provided.
Assessment under Income Tax Act, 1961
We will discuss each type of assessment as provided in income tax act 1961 in detail in this article.
Important Financial Tasks To Complete Before 31st March 2024
In India, we follow a financial year where the year starts on the 1st of April and ends on the 31st of March. As the name suggests, this is tied in with various financial reporting and accounting purposes.
Blocked Credit under GST
Blocked credit refers to the input tax credit that cannot be claimed by a taxpayer under the GST regime. Input tax credit is the tax paid on inputs, i.e., goods and services that are used in the course of business, which can be set off against the output tax liability of the taxpayer.
Issuance of ESOP by Listed Company
Employee Stock OptionPursuant to clause (b) of Sub Section (1) of Section 62 of Companies Act, 2013, the Company can offer shares through employee stock option ...
Planning for an effective bank branch Statutory Audit
In this article, we will discuss in depth about audit of branch of bank.
Unlocking the Power of Trademarks: Safeguarding Brands in the Modern Marketplace
At its core, a trademark is a unique identifier that distinguishes the goods or services of one entity from those of others in the marketplace. It can take various forms, including brand names, logos, slogans, and even sounds or colours.
What Makes TallyPrime a Game-Changer for Businesses?
Managing finances, inventories, and compliance is tough in today's fast-paced corporate world. TallyPrime, the latest from Tally Solutions, simplifies business processes, helping firms run smoother. What makes TallyPrime a game-changer? Let's find out.
Export Procedures under GST: A Comprehensive Guide for Tax-Free and Zero-Rated Supplies
Under the GST regime, export can be done in two ways
ITR U - How to file ITR of previous 3 years
The updated return, or ITR-U, was put forward in the Union budget of 2022 to provide taxpayers with an additional chance to submit if they missed the deadline for filing their tax returns late or to correct any mistakes they made.
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