CAclubindia Articles

GSTN implements mandatory mentioning of HSN codes in GSTR-1

CA Ruby Bansal 21 July 2022 at 09:17

Vide Notification No. 78/2020 - Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.

SEZ (Third Amendment) Rules 2022

Ajay Kumar Maggidi 21 July 2022 at 08:46

Central government is actively working on "New SEZ Policy" which is expected to be introduced by end of this year to make SEZ units more attractive and to boost the domestic and foreign trade.

Do Credit Checks Lower Your Score?

Suhasini 20 July 2022 at 16:05

Many credit users are often scared to check their credit scores because they are worried that it will negatively impact their credit ratings. This has become a generalised rumour doing the rounds for some time now.

GST rate increase for Government projects (Works Contracts) - Impact & way forward

CA Venkatprasad Pasupuleti 20 July 2022 at 15:12

Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment.

Foreign company can set up their operations in India through Branch Office / Liaison Office / Project Office

Affluence Advisory 20 July 2022 at 12:53

A company incorporated outside India have an option to have an office in India by way of a branch office (BO), a liaison office (LO) and a project office (PO). ..

Analysis of GST amendments in services of GTA w.e.f 18th July 2022

Ishan 20 July 2022 at 09:00

Analysis of GST amendments in services of Goods Transport Agency (GTA) w.e.f 18th July 2022

Company Auditor: Role and Responsibilities

CS CHARU VINAYAK 20 July 2022 at 09:00

The present paper explores the role and responsibilities of the company auditor. This will provide valuable information to the companies and the auditors. The audit is also of value to people doing business with the company because it helps them to assess the reliability of the company's stated financial position.

Valuation Issue - ESOPs

Anurag 20 July 2022 at 09:00

An employee stock ownership plan (ESOP) is a method of rewarding employees that gives them a share of the company’s ownership. Employees are offered stocks of the company at a low or no additional cost that they can encash after a specific period at a particular price.

Important Changes in GST w.r.t Foods industry w.e.f July 18, 2022

Bimal Jain 19 July 2022 at 16:35

Earlier, there was exemption from GST on Unbranded or Branded Commodities where right on the brand has been foregone which has been done away w.e.f July 18, 2022, and now GST exempted only when it is not a pre-package and labelled commodities.

Analysis on Applicability of GST on Pre-packaged and Pre-labelled Food Items, Grains, etc.

CA Nitin K. Varshney 19 July 2022 at 14:12

GST Committee is making the law more complicated and confusing day by day. The intention of Committee is to collect more GST. But now a days, we are observing lack of clarity in every provision. Assessee is not clear about the taxability of his commodity.