CAclubindia Articles
Buy an Electric Vehicle and Claim Exemption under Income Tax Act
19 July 2022
9227 Views
A new section 80EEB was inserted from AY 2020-21 to claim an exemption on the interest portion of the loan taken to purchase an electric vehicle.
Analysis of amendments in GST applicability on renting services of residential dwelling w.e.f. 18th July 2022
As per Entry 12 of Notification 12/2017- Central Tax Rate dated 28.6.2017, "Services by way of renting of residential dwelling for use as residence" is exempt.
Here Are 6 Reasons To Choose E-Commerce And Increase Sales
18 July 2022
2001 Views
If you operate a small or medium business and are still in a dilemma about whether to invest or not in digital introduction, here is a comprehensive list of reasons why eCommerce development services are the best option.
OEM Registration process for FAME subsidies
FAME is an incentive scheme for adoption and manufacturing of electric and hybrid vehicles in India. Electric vehicle manufacturers and infrastructure providers receive subsidies as part of this incentive.
FCM on GTA Services
Starting W.E.F today, i.e. 18-07-2022, GTA dealers may choose option to discharge the tax under forward charge. Let us have a look at what are the changes and how does it impacts.
The Stagnation in Chartered Salaries
I humbly request the Hon'ble ICAI to give due consideration to these suggestions & work in favor of our beloved profession.
Refund under GST and the procedure to claim refund
Refunds can be claimed under GST when the taxpayer pays a tax more than he is liable to pay. The process of claiming refund under GST is systemized so that no confusion arises. The whole process of refund is online and they have given some time limit for claiming refund.
Deposit of erroneous refund can claim back as ITC
The proper officer, on being satisfied that the full amount of erroneous refund along with applicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger
Whether services of gardener is considered as perque if provided along with rent free accomodation
Whether services of a gardener is not considered as a prerequisite when same is provided by the employer along with rent-free accommodation owned by the employee.
Changes proposed in disclosure of ITC in Table 4 of GSTR-3B
To streamline the disclosures in GSTR-3B across the nation, some changes in the Form have been introduced w.e.f 5th July 2022 vide NN 14/2022-CT along with clarity provided through Circular No. 170/02/2022-GST dated 6th July 2022.
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