CAclubindia Articles

Clarification on GST on certain goods and services

Rohit Kumar Singh 21 June 2021 at 09:39

In the 43rd GST Council Meeting held on 28th May 2021, the council had recommended some clarifications to be issued on GST Rate of certain goods and services.

Prohibition on loans or advances under Insurance Act, 1938

FCS Deepak Pratap Singh 21 June 2021 at 09:39

In the Insurance Act, loan/advance on insurance policies of full time employees of the company is allowed, provided that the amount of loan or advance should not exceed the surrender value of the policy at the time of granting loan/advance.

Stringent Provisions under the Income Tax Act w.e.f 1st July 2021

CAJayprakash Pandey 21 June 2021 at 09:38

Discussing 3 stringent Income Tax provisions applicable w.e.f 1st July 2021 i.e. Section 194Q, Section 206AB, and Section 206CCA of the Income Tax Act.

Secrets Of Peak Performers Who Do Wonders

CA RAJENDRA SAH 21 June 2021 at 09:37

Peak performers are not from other planets but who explore, learn, and grow fast while you sleep. So be serious, be a little bit faster & explore the new arenas of life.

Decoding Section 194Q of the Income Tax Act, 1961 in 35 FAQs

Ajay 21 June 2021 at 09:37

Section 194Q, which will be effective from 1st July 2021 states that TDS is to be deducted at 0.1% if the aggregate amount of purchases by buyer exceed Rs 50 lakh.

Analysis of GST Notifications Issued on 17th June 2021

CAJayprakash Pandey 19 June 2021 at 11:05

CBIC has clarified that services provided to an educational institution by way of serving food is exempt from levy of GST irrespective of its funding from government grants or corporate donations.

Turning Failure into a Grand Success

Shikha Tripathi 19 June 2021 at 11:05

We are in such a field where maximum students get stuck in the loop of May-November-May. But have you ever given a thought that how to convert this loop into an opportunity? Let us discuss!

Representation to FM on Remedial Measures for Glitches in New E-Filing Portal

Mayank Mohanka 19 June 2021 at 11:04

In this representation, the author has made an honest and sincere attempt to practically demonstrate the technical glitches and currently non-functioning functionalities of the new e-Filing portal.

TDS Under Section 194Q v/s TCS under section 206C(1H)

CA CMA Piyush Taurani 19 June 2021 at 11:04

Section 194Q/206C(1H) states that TDS/TCS @ 0.1% shall be deducted when the aggregate value of purchase/sale of goods during the year exceeds Rs. 50 lakhs.

GST Era & Cost Records and Cost Audit Applicability on the basis of HSN

CMA Navneet Kr Jain 18 June 2021 at 17:42

The pandemic has brought the focus on the importance of cost management of resources. In this article, we have answered queries which a company can have with regard to cost records applicability, or cost audit.