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Apportionment of Credit and Blocked Credit
If the input tax as is attributable to the ITC restricted to taxable supplies Section 17(2) says that where the goods and/or services are used by the registered taxable person partly for effecting taxable supplies including zero-rated supplies under this Act Or under the IGST Act.
Checklist for ITR-4 filing for AY 2020-21
ITR-4 for AY 2020-2021 has been notified on the e-filing portal. Every taxpayer shall file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2019-20) who furnishes the return either in ITR-1 or ITR-4.
How prices of gold fluctuate?
India is one of the largest consumers of gold. The price of gold keeps fluctuating from time to time and it is dependent on multiple factors along with the demand and supply.
ICAI and Professional Judgement
CAI is a dynamic institution and I have nothing but respect for the people involved in decision making. But sir, I earnestly request you reconsider the decision and conduct examinations at a later point in time.
ITC on expenditures incurred on public welfare due to COVID-19
As per the above ruling, ITC would not be available on CSR activities but as per our understanding, ITC should be available in such a transaction. If masks, sanitizers purchased and used for employees during office hours.
What is self invoicing under GST?
All the registered person who is covered under section 9(4) of CGST Act, i.e. all registered person paying taxes under reverse charge shall issue a consolidated invoice at the end of every month, where the aggregate value of such supplies exceeds Rs 5000 in a day from any all suppliers.
Cenvat Credit Rules from scratch
Cenvat Credit Rules from scratch
Love and Career go together for CA Sakshi Gupta
Sakshi is a qualified Chartered Accountant, she is still in her 20's but has so many achievements in her bag which most Chartered Accountants fail to make in their entire career. CA Sakshi Gupta is currently working as the Business and Strategic Officer at LinkedIn which is the largest professional networking site of the world.
Declared goods as per CST Act
Goods of special importanceThere are restrictions on imposition of sales tax on declared goods.Article 286(3)(a) of Constitution of India authorises Parliament to declare some goods as of 'special importance' and to impose restrictions and conditions
CAs should be bookmakers, not just bookkeepers
The subject line of this article is something which came to my mind several years ago. From that day onwards, I started to live my life a little differently.�
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