CAclubindia Articles

Cashless Transactions - Evolution, Advantages, Impact and Measures by the Government

CA.R.S.KALRA 26 November 2020 at 12:13

Cash to the economy is like what blood is to the human body. The government can introduce various ways to restrict its usage, but it cannot pull it out of the system.

Sec 194-O: TDS by e-Commerce operator

CA S K MISHRA 25 November 2020 at 14:43

U/s 194-O w.e.f from 1st Oct 2020, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant,

Frequently Asked Questions on GST E-Invoice/IRN System

shahyar husain 25 November 2020 at 10:26

A notified class of registered persons have to prepare an invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN).

Income Tax Search and Seizure Assessments - No universal application of the "extrapolation technique" in Search Assessments

CA.Mohit Gupta 25 November 2020 at 08:37

In this article, we discuss the extrapolation technique in the Income Tax Search and Seizure Assessments and how there is no universal application regarding it...

Amendments made by Finance Act 2020 relating to Trusts

CA Santhosh Gupta Kethepalli 24 November 2020 at 15:12

Finance Act, 2020 has made changes with respect to the provisions related to Trusts and NGOs claiming exemption u/s 11 or u/s 12 of the Income Tax Act, 1961. Let us understand those changes.

Form 16 Vs. Form 16A Vs. Form 16B

Shweta 24 November 2020 at 10:06

Under the Income Tax Act, Form 16, 16A, and 16B refer to TDS certificates issued by the deductor to the deductee, which certify that tax has been deducted.

Documents Required for GST Registration

shahyar husain 24 November 2020 at 10:05

The requirement of documents is dependent upon the constitution of the business. Let us understand the documents required for the different types of GST Registrations.

GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021

CA Rohit Maheshwari 23 November 2020 at 16:27

As per Notification number 82/2020 dt. Nov 10, 2020, an auto-drafted statement containing the details of ITC shall be made available to the registered person in FORM GSTR-2B.

CA Exams 2020 - What do the students have to say regarding the arrangements made by ICAI amidst the pandemic?

Aishna Kukreja 23 November 2020 at 14:48

In the middle of a cold war between the CA Students and ICAI, the Nov 2020 exams began on 21st Nov 2020. Let us understand the views of the students regarding the arrangements made by ICAI.

Place of supply under GST (Summarized)

CA Hema Pandey 23 November 2020 at 14:48

The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.