CAclubindia Articles

7 mistakes to avoid while filing GST returns

Posted by Ishita Ramani 09 May 2023 7280 Views

When it comes to filing a Goods and Service Tax (GST) return, taxpayers need to exercise caution to prevent the inconvenience of unnecessary reconciliation. Therefore, it is important to understand the common mistakes to avoid while filing GST returns. But before focusing on mistakes, let us first understand what a GST return is and the various types of GST returns.

Importance of Career Guidance: Exploring CA Avenues and Opportunities

Posted by CA Rakesh Ishi 09 May 2023 3885 Views

Career guidance is an essential aspect of a student's life, especially when it comes to choosing the right career path in commerce. Commerce is a broad field with numerous career options, and students need proper guidance to make informed decisions.

Income Tax on Non-Resident Indians who sell House Property in INDIA

Posted by Affluence Advisory 09 May 2023 5206 Views

Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is Long Term Capital Gains or Short Term Capital Gains.

MSME should do this for recovery of their Delayed Payments

Posted by CA Umesh Sharma 08 May 2023 6188 Views

Government under the Ministry of MSME has introduced the "MSME Samadhaan-Delayed Payment Monitoring System" Scheme, which aims to resolve disputes related to delayed payments by launching an online platform called the MSME Delayed Payment Portal regulated by Micro Small Enterprises Facilitation Council (MSEFC).

SEBI introduces LEI System

Posted by CS Lalit Rajput 08 May 2023 3752 Views

SEBI has introduced 'Legal Entity Identifier' (LEI) system for issuers who have listed or proposed to list non-convertible securities (NCS), securitised debt instruments and security receipts.

GST implications on out-of-court settlement

Posted by Member (Account Deleted) 08 May 2023 8237 Views

Out of Court Settlement is resolution of a legal dispute which takes place outside of a court proceeding or before the court comes to a final decision.

Who is required to file ITR?

Posted by Affluence Advisory 08 May 2023 4397 Views

Income Tax return filing is mandatory if the Total Income of an Individual exceeds the maximum amount which is not chargeable to income-tax i.e Rs. 2,50,000 for individuals whose age is less than 60 Years.

Practical Guide to Dealing with a notice for Reopening of Assessment Proceedings under IT Act 1961

Posted by Adv. Ravish Bhatt, ADIT, CIOT 06 May 2023 6419 Views

Reopening of an assessment concluded under section 143(1) or even under section 143(3) (Scrutiny Assessment) of Income Tax Act, 1961 is a dreaded nightmare of any assessee.

GST for Freelancers

Posted by Ishita Ramani 06 May 2023 7249 Views

This article aims to provide information on GST for freelancers in India.

Stock audit basics & checklist of documents required

Posted by Niket Agarwal 06 May 2023 196205 Views

What is a Stock Audit?It is the physical verification of the inventory. However at times it may also include valuation of the inventory, this would depend upon the terms of referrence or the engagement letter of the assignment. Important thing to rem