CAclubindia Articles

What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

Posted by Bimal Jain 20 August 2021 7838 Views

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.

Audit Quality Maturity Model V 1.0 - Requirements For Human Resource Management

Posted by CA Amrita Chattopadhyay 20 August 2021 2410 Views

Audit Quality Maturity Model (AQMM) is a tool for self-evaluation of audit firms & sole proprietor towards technological driven mechanism to increase the operational efficiency.

Why isnt RBI doing anything about inflation?

Posted by BILAL KHAN 20 August 2021 1659 Views

The CPI stands at 6.26% in June 2021 compared to May 21 of 6.30%. This is over and above the RBI tolerance limit of 2-6%. However, for June 21 the data is provisional.

Confused while claiming ITC & the fuss for Rule 36(4) - Lets find out why?

Posted by Shivani Dundlodia 20 August 2021 6787 Views

To minimize the drawbacks of 2A, a new statement was launched i.e GSTR 2B. It is a static, month-wise auto-populated statement reflecting details of all the purchase-related details.

Decisions taken in SEBI Board Meeting held on 6th August 2021

Posted by FCS Deepak Pratap Singh 20 August 2021 1555 Views

In its meeting dated 6th August 2021, the Securities and Exchange Board of India took six major decisions. Same has been discussed in this article.

India Withdraws The Infamous Retrospective Amendment In Finance Act, 2012

Posted by FCS Deepak Pratap Singh 20 August 2021 1983 Views

Vodafone and Cairn, and other taxpayers would be greatly benefitted from this change as they no longer have to battle with the Indian Government and would also get refund of taxes paid (without interest).

All about Ind AS 41

Posted by Sachin 20 August 2021 8902 Views

Ind AS 41 is applicable to biological assets relating to agricultural activity, agricultural produce up to the point of harvest and government grants relating to agricultural activity.

Evolution Of Responsible Business and the Concept Of Sustainability

Posted by FCS Deepak Pratap Singh 20 August 2021 1220 Views

Sustainability practices in the long run, would lead to improved financial performance of the firm, increased competitive advantage, profit maximisation and long-term success of the firm.

IND AS 105: Non Current Assets held for sale and discontinued operations

Posted by Sachin 20 August 2021 5904 Views

The objective of IND AS 105 is accounting treatment and disclosure of non current assets held for sale / discontinued operations and to inform the users of financial statements.

All about Alternative Investment Fund (AIF)

Posted by vipul1994 20 August 2021 7134 Views

Alternative Investment Fund means any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors.