CAclubindia Articles
All about GSTR 3B
GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.
New TDS Rules to affect Social Media Influencers and Doctors
27 June 2022
15704 Views
The new TDS section 194R introduced in the Budget, 2022 shall be applicable from 1st July, 2022, requiring a deduction of 10% by any person (resident or non-resident) who provides benefit or perquisite to a resident person in a year exceeding Rs 20,000 shall be liable for TDS under section 194R.
Roadmap / Blueprint of External Commercial Borrowings- ECBs
Globalization has paved way for international financing which helps the organization to engage in cross-border transactions with foreign business partners, such as customers, investors, suppliers, and lenders. Indian companies have an option to mobilize funds through ECB mode from the foreign market to have optimum capital structure.
Section 194R: Tax Deducted at Source on benefits or Perquisites
The new section mandates a person, who is responsible for providing any benefit or perquisite to a resident, to deduct tax at source @10% of the value or aggregate of value of such benefit or perquisite, before providing such benefit or perquisite.
Income Tax: CBDT issued fresh guidelines under section 194S(6)
Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes(TPL Division) File No. F. No. 370142/29/2022-TPL (Part-I) vide Income Tax Circular No. 13 of 2022 dated 22nd June, 2022 has released "Circular regarding Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961".
Analysis of provisions of Section 50D of IT Act 1961
There are various Advance Rulings relating to specific situations of "Transfer" of "Capital Assets". The provisions of Section 50D has been introduced to nullify above Advance Rulings.
GST on Charitable And Religious Trusts
24 June 2022
29878 Views
The GST Act exempts certain activities conducted by the Charitable Trust.
Recent case laws related to revocation of the cancelled GST Registration
In this article, we are discussing some of the recent decisions delivered by the Courts in GST law.
Procedure for obtaining Refund under GST
The refunds under GST can arise in the following circumstances- The cash balance in the electronic cash ledger deposited in excess or Tax paid by mistake or The...
New Wage Code
The Modi govt is likely to implement 4 new labour codes soon. These will subsume 29 central labour regulations, aim to consolidate and simplify complex labour legislations.
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