CAclubindia Articles

Section 69: Power of Arrest

Posted by Harsh Kaushik 31 March 2023 5651 Views

What does Section 69 Say?Where the commissioner has reason to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c...

Blocked Credit under GST

Posted by CA Sanat Pyne 31 March 2023 52648 Views

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.

All about Income Tax Audit

Posted by Ashok Pitroda 31 March 2023 12785 Views

There are many types of audits conducted under various laws. Similarly, an audit conducted under the Income Tax Act, 1961 is called a ‘Tax Audit’. In the Income Tax Act, 1961, section 44AB mandates provisions for a tax audit, which are explained as follows. In the following circumstance, a tax audit will be mandatory.

Important Principles enunciated in Standards on Auditing

Posted by CA Rakesh Ishi 30 March 2023 4101 Views

Auditing standards play a significant role in the auditing profession. Among the important auditing standards, SA 700, SA 705, and SA 530 provide guidance for the auditor's opinion.

Impact Of Finance Act 2023 On Charitable Trust

Posted by Geetanjali Pandey 30 March 2023 22479 Views

Impact Of Finance Act 2023 On Charitable Trust and Institution Referred to In Section 12AA Or 12AB Or Clause (23C) Of Section 10 of The Act, 1961

Section 70: Power of Summon

Posted by Harsh Kaushik 30 March 2023 15359 Views

Section 70 of the CGST ACT 2017 empowers the Proper Officer(PO) to summon any person whose attendance he considers necessary either to give evidence or to produce a document or any other thing as required in an inquiry.

Interest under GST

Posted by CA Amit Harkhani 30 March 2023 6761 Views

The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period.