CAclubindia Articles
Proactive GST Tax Evasion Measures: Near Real-Time Access to Banking Transactions
In recent developments, Goods and Services Tax (GST) authorities are moving towards acquiring near real-time access to the banking transactions of taxpayers. This initiative aims to detect and curb the proliferation of fake invoices and excessive use of input tax credit (ITC) by businesses, an issue that has been gradually escalating.
Treatment of RPF/Annuity/Gratuity in the hands of Employee
Treatment Of RPF/Annuity/Gratuity In The Hands Of Employee & Treatment Of Income In The Hands Of Trust/Fund Set Up For The Benefit Of Employees
Common issues raised in GST dept audit
In the course of audit done by dept under section 65 of the CGST Act, certain issues/objections could be raised. The assesses have to carefully examine the matter, give their explanation.
Geethanjali Aman Construction Case - RERA
The Real Estate (Regulation and Development) Act 2016 (RERA) came into effect from 1st May, 2016.
15 Tips for Millennials to Navigate Finance, Investing and Retirement Planning in India
Millennials are the generation born between the early 1980s and early 2000s. They are the largest generation in India, and they are facing a number of financial challenges. The cost of living is rising, student loan debt is high, and the job market is competitive.
GST Automated Return Scrutiny Module
GST Automated Return Scrutiny Module has been designed to select the GST Returns for the process of scrutiny. Its an effective tool to select the GST Returns based on the data analytics and system identified hazards.
What is Tax Deducted at Source?
For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called as �Tax Deducted at Source�, common
Decoding CBIC's Automated Return Scrutiny Module (ARSM) for GST returns
The Central Board of Indirect Taxes and Customs (CBIC) has rolled out an Automated Return Scrutiny Module (ARSM) for GST returns. The ARSM is a non-intrusive means of compliance verification that allows tax officers to scrutinize GST returns of Centre Administered Taxpayers (CATs) selected on the basis of data analytics and risks identified by the system.
Professionals are now covered under the purview of PMLA Act 2002
Central Government vide its notification dt: May 3, 2023 and May 9, 2023 has amended the definition of ‘Persons carrying on Designated Business or Profess
How is GST treated in relation to employee notice pay recovery?
In this article, we will discuss the effects of GST on employee notice pay recovery, its applicability, and the treatment of GST on such recoveries. But first, let's review GST (Goods and Service Tax).
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