CAclubindia Articles

Important Updates and Due Date Compliances under GST for July 2022

Posted by Tarun Kr. Gupta 11 July 2022 12121 Views

Important clarifications/ amendments issued by the Government on GST in June/ July 2022 along with compliance timelines in July 2022

Case Study 3: Foreign Exchange Management Act 1999

Posted by FCS Deepak Pratap Singh 11 July 2022 4129 Views

One couple purchased house property jointly. After the death of the lady ownership of her part transferred to two children. They sold house property. Long Term Capital Gain arises. But one child who is a resident of US wants to transfer his part in the US. Is it possible?

Sacred wisdom for CA/CS/CMA students - Key success factors

Posted by CS Advocate Abhishek Goyal 11 July 2022 3094 Views

List down all your achievements so far, and be proud of them, reward yourself at least with a pat on the back. Your achievements may not be big but they are not smaller either.

TDS And TCS under Income Tax

Posted by Taxblock 11 July 2022 8184 Views

TDS and TCS are the government's most important sources of revenue. It's also critical for businesses to pay their taxes on time to avoid penalties and remain compliant.

How to report ITC in Form GSTR 3B as per latest circular

Posted by Ajay Kumar Maggidi 11 July 2022 6132 Views

In order to bring uniformity in reporting of ineligible and reversal of credits, CBIC has issued a circular (No. 170/02/2022- GST) regarding furnishing of information regarding ITC availed, reversal and ineligible ITC in Table 4 of GSTR-3B.

Format of GSTR 3B - Table 4

Posted by Yash Bhadiyadra 09 July 2022 23338 Views

Circular 170/08/2022 - GST - Tabular Format - In a simple manner and easy to understand

GST in RCM in case of ocean freights

Posted by CA Pradeep Sharma 09 July 2022 5047 Views

The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.

Reporting of ITC in GSTR 3B and other details in GSTR 1 and GSTR 3B

Posted by Rohit Kumar Singh 08 July 2022 10167 Views

The GST Council in their 47th meeting at Chandigarh proposed changes in Form GSTR 3B as well as suggested new disclosure requirements for GSTR 1 and GSTR 3B. We have summarised the Circular No 170/02/2022-GST dated 6th July 2022 as well as presented the changed Form GSTR 3B for better understanding and clarity.

A simple guide to knowing your hourly billing rate

Posted by CA Saurabh Dwivedi 08 July 2022 9741 Views

What should be your hourly billing rate as a Freelancer or an Independent Professional?

Case Study 2 - Prevention of Money Laundering Act 2002

Posted by FCS Deepak Pratap Singh 08 July 2022 7706 Views

XYZ Limited is a company engaged in real estate and construction business. In order to build a land bank in various parts of India that were likely to see commercial development and anticipating a future upward trend in land prices in various parts India.