CAclubindia Articles

No more Atal Pension Yojana benefits for Income Taxpayers from October 1

Neethi V. Kannanth 16 August 2022 at 11:14

The notification released by the Government states that from 1st October, 2022 any citizen who is or has been a taxpayer shall not be eligible to join the Atal Pension Yojana.

ITR Refund Quick Process

CS Lalit Rajput 16 August 2022 at 08:36

Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund.

GST circular 178/10/2022 - Liquidated damages and other issues

CA Roopa Nayak 15 August 2022 at 06:46

In this article the paper writer has examined the latest circular and its impact for various kinds of recoveries made under GST law.

Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022

CS Lalit Rajput 13 August 2022 at 17:26

The Central Consumer Protection Authority has issued Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022 to provide for the prevention of false or misleading advertisements and making endorsements.

Composite supply vs RCM vs Transaction value

CS Advocate Abhishek Goyal 13 August 2022 at 16:39

In case of GTA services, the person who is liable to pay freight is considered as the service recipient. Recipient of GTA service is liable to pay RCM on such freight. Accordingly RCM is payable under CGST, SGST or IGST head.

Search and Seizure under GST

Neethi V. Kannanth 13 August 2022 at 08:45

Search denotes an action of a Government machinery to go, look through or examine carefully a place, area, person, object etc. in order to find something which is concealed or for the purpose of discovering evidence of crime.

Show Cause Notice Under GST Act

Poojitha Raam Vinay 12 August 2022 at 16:47

Show Cause Notice (SCN) is a warning or notification issued by a Courts, Competent Authorities or an Organization for an identified default demanding a tax payer to explain or to "show cause" in writing as to why the disciplinary/penal action should not be taken against the taxpayer for the identified defaults.

Corporate Compliance Calendar for the m/o August 2022

CS Lalit Rajput 12 August 2022 at 14:48

This article contains various Compliance requirements for the Month of August, 2022 under various Statutory Laws.

Scrutiny under GST

Neethi V. Kannanth 12 August 2022 at 08:53

Section 61 of the CGST Act, 2017 empowers the proper officer to scrutinise the return filed and related particulars furnished by the registered person in order to verify the correctness of the return and inform the registered person about the discrepancies noticed and seek explanation on the same.

All about DIR 3 KYC

PRAGYA JAIN 12 August 2022 at 08:48

Every DIN holder who will be performing his/her KYC for the very first time after allotment of DIN will be able to file his/her KYC through form i.e. DIR 3 KYC form only. From the next FY, the DIN holder can complete the KYC using web based functionality.