CAclubindia Articles
Recent changes in GST due to COVID 19
The FM announced changes in GST Rules due to the outbreak of COVID-19. Due dates to file GST Returns were extended and relaxation was given from late fees on late filing.
Easy guide to GST registration
Every supplier who makes supply of taxable goods and services or both needs to take registration under GST if his aggregate turnover in a financial year exceeds the threshold limit.
Advance Ruling under the Income Tax Act
The Advance Ruling Mechanism was incorporated under Income Tax Act on the recommendations of Wanchoo Committee.
GST Update on refund related issues
Clarifications were issued by CBIC on GST refund related issues. It has been decided to remove the restriction on clubbing of tax periods across Financial Years. There are guidelines for a refund of ITC and the new requirement to mention HSN/SAC Code.
Amendments for Trusts and Institutions in Union Budget 2020
The Union Budget 2020 announced few amendments for Trusts and Charitable Institutions. In the proposed regime after processing the application, trust or institution�s registration is given for a limited period of 5 years.
Relief taxpayers for e-way bill and ITC during lockdown
The government has given relaxations to GST taxpayers fee on late filing of GSTR-1 has been waived off. The validity of e-way bills has been extended and the restriction of ITC under rule36(4) will be cumulatively applicable for Feb to August.
COVID-19 Relaxation from ITC restriction under rule 36(4)
ITC restriction in respect of the invoices the details of which have not been uploaded by supplier in GSTR-3B under rule 36(4)shall apply cumulatively for the period Feb, March, April, May, June, July and Aug, 2020 and the return in FORM GSTR-3B for the tax period Sep, 2020 shall be furnished with the cumulative adjustment of ITC for the said months.
Section 115BAC- Is the new Income Tax Regime beneficial?
The new income tax regime u/s 115BAC has come into effect from financial year 2020-21. It is optional to opt for the New Tax Regime. Here is a break-even analysis od the New Income Tax regime.
Assignment of copyrights
Assignment of copyright can be done in exiting work at the time of assignment. Section 18 permits assignment by a prospective owner, i.e. a person, who is not the first owner in future work. Proviso provides that the parties can enter into an agreement for assignment of copyright in future work.
All you need to know about the New ESIC Changes w.e.f. 1st October, 2019
The Employees' State Insurance Act 1948 (the ESI Act) provides for medical, cash, maternity, disability and dependent benefits to the Insured Persons under the Act.
Popular Articles
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- EPFO 3.0 Introduces Faster Claim Settlements and UPI Withdrawals: Latest Update For July 2026
- Kisan Vikas Patra Scheme 2026: Latest Interest, Eligibility, Maturity, Taxability and Investment Benefits
- Senior Citizen After Retirement Must Report These 5 Incomes While Filing ITR for AY 2026-27
- TDS on Cash Withdrawals 2026: Excess vs. Entire Amount
- GST Updates: Last Chance for Taxpayers to Complete FY 2025-26 Process
- ITR-3 for FY 2025-26 (AY 2026-27): Applicability, Pre-Filing Verification and Due Dates
- TDS on Partner Remuneration and Interest under Income Tax Act, 2025: Section 393(3) vs Section 194T
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
