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CAclubindia Articles


42nd GST Council Meeting - Key Highlights

  CS Lalit Rajput    06 October 2020 at 10:25

The 42nd GST Council met under the Chairmanship of FM Smt. Nirmala Sitharaman via video conferencing on 5th Oct 2020. Let us discuss the key highlights of the meeting.



Outcome of the 42nd GST Council Meeting - A Tabular Format

  Rohit Kumar Singh    06 October 2020 at 10:24

The GST Council met through video conferencing on 5th Oct 2020 for the 42nd time and deliberated on several key issues. Some of the important recommendations made are elaborated in the article.



New Issue: Is GST leviable on Notional Interest on security deposit of Rent?

  CA Umesh Sharmapro badge    06 October 2020 at 10:24

Whether notional interest on the security deposit paid by the tenant should be taken into consideration for the purposes of arriving at the total value from rental, or not? Let us discuss.



Section 80D - Deduction in respect of Medical Insurance Premium under IT Act

  CA Santhosh Gupta Kethepalli    05 October 2020 at 14:45

In the present scenario, due to the arise of Covid-19, many people are purchasing Health Insurance policies. Premiums paid on such policies are eligible for deduction u/s 80D of Income Tax Act. Let us discuss the deduction.



GSTR 4 Offline Tool - Solutions to some Common Issues

  CA Kushwanth AVSR    05 October 2020 at 10:47

GSTR 4 Offline Utility is available on the GST Portal to facilitate the composition dealers to prepare the GSTR 4 Return. Let us discuss solutions to some common issues faced by taxpayers while filing GSTR 4



LIBOR Reform - Key Changes in IFRS 9, IAS 39 and IFRS 7

  Prateek Mankad    05 October 2020 at 10:46

In order to facilitate the transition from an IBOR, the IASB has on 27 August 2020 announced various amendments. In this note, we capture the key changes to IFRS 9, IAS 39, and IFRS 7. 



The Foreign Contribution (Regulation) Amendment Act, 2020 - A Section Wise Analysis

  Dilip K Raina    05 October 2020 at 10:46

The Foreign Contribution (Regulation) Amendment Act, 2020 - A Section Wise Analysis



Core Investment Companies (CICs) - New guidelines

  Prateek Mankad    05 October 2020 at 10:46

The Reserve Bank of India on 13 August 2020, notified the revised guidelines applicable to Core Investment Companies. Let us analyze the new same.



Revisions to Ind AS 116- Leases on account of Covid-19 rent concessions

  Prateek Mankad    05 October 2020 at 10:45

The amendment made in Ind AS 116 includes a practical expedient that provides lessees with a choice not to assess a rent concession occurring as a result of the direct consequence of the Covid-19 pandemic as a lease modification. Know more about the amendment here



Financial Risk Management- Need of the Hour!!

  Saloni Gadkari    05 October 2020 at 10:45

Financial Risk management is important in an organization because, without it, a firm cannot define its objectives for the future. Let us discuss why it is the need of the hour for most companies.