CAclubindia Articles

GST Portal Functionalities for GTA Taxpayers: Detailed Analysis

Posted by CA Aman Rajput 04 January 2024 2116 Views

By this article, I want to share a detailed analysis on the functionalities made available on the Goods and Services Tax Network (GSTN) portal for Goods Transport Agency (GTA) taxpayers.

CBIC Instructions to deal with taxability in case of secondment of employees

Posted by Affluence Advisory 03 January 2024 3611 Views

In light of the recent judgement pronounced by Honorable Supreme Court in the case of Northern Operating Systems Private Limited (NOS), CBIC has issued Instruction No. 05/2023-GST to prescribe the manner in which adjudication with respect to taxability in case of secondment has to be dealt.

Examining Gujarat High Court's Ruling on Interest on Delayed Tax Refunds

Posted by CA Divyajeet Singh Sabharwal 03 January 2024 2103 Views

The dusty plains of Gujarat witnessed a landmark legal victory for taxpayers on December 21, 2023. The Gujarat High Court, in a case with far-reaching implicati...

Appointment of KMP in a Company

Posted by Ishita Ramani 03 January 2024 3835 Views

In this article, first, we will discuss the definition of KMP and then the process of designating a KMP.

Navigating E-commerce TDS: A Detailed Guide

Posted by CA Kunal Jain 02 January 2024 4382 Views

The latest circular on TDS (Tax Deducted at Source) for online transactions brings some key clarifications. Don't get lost in the technical jargon - This detailed guide simplifies it all!

A Comparative Study of Ind AS 8 and AS 5

Posted by CA Rakesh Ishi 02 January 2024 4791 Views

A Comparative Analysis of Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors and AS 5 - Net Profit or Loss for the Period, Prior Period ...

Importance of balancing risk and opportunity in the context of AI and Accounting

Posted by Aashok Kumar Sharma 02 January 2024 1416 Views

In 2024 and onwards, AI will become a significant player in various industries, including accountancy. Accountants must manage the potential impact of AI, especially in client data security and the reliability of AI tools.

Actuarial Valuation Insights: Gratuity Accounting Provision

Posted by Radhika Teredesai 02 January 2024 3734 Views

Helps Audit Professionals in ensuring compliance with accounting standards like AS -15 (R), Ind AS 19 | IAS 19 | US GAAP which mandate the use of Actuarial Valuation methods for provisioning for Long Term Employee Benefits.

GST implications - Reimbursed Electricity Charges

Posted by CA Roopa Nayak 01 January 2024 11749 Views

BackgroundIn recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, c...

Key Differences Between Ind AS 10 and AS 4 in Post-Balance Sheet Events

Posted by CA Rakesh Ishi 01 January 2024 4720 Views

1. Disclosure of Material Non-Adjusting Events Ind AS 10: Requires the disclosure of material non-adjusting events directly in the financial statements. AS 4: M...