CAclubindia Articles

History & Evolution of Income Tax Act in India

Tarun Kumar Madaan 17 January 2018 at 10:19

In India, the system of direct taxation as it is known today has been in force in one form or another even from ancient times. In this article, we are discussin..

How to deal with pre-result fear?

Govind Mishra 16 January 2018 at 11:11

Fear is a feeling induced by perceived danger or threat that occurs in certain types of organisms, which causes a change in metabolic and organ functions and ul..

6 Months and 6 changes in GST !!

SAGAR PUNSHI 16 January 2018 at 11:04

The biggest Tax reform of independent India has just completed half of its first birthday, but its journey was no less than a nightmare. It has already witnesse..

Provisions for Valuation

CA PRASANTH.K 16 January 2018 at 11:04

IntroductionEvery fiscal statue makes provision for the determination of value, on which tax is normally payable on ad-valorem basis. In GST also, tax is payab..

Levy and Collection of GST

Srishti vats 16 January 2018 at 11:04

Levy and Collection of Tax Section 9 of CGST Act, 2017:-Let's divide this section into 3 parts:1.) First part (Normal charge or forward charge)2.) Second

Clarification on Statutory Auditor's Report over Internal Financial Control

chirag rajendra parekh 15 January 2018 at 11:51

Background:The Companies Act, 2013 ('the Act') had introduced many new reporting requirements for the statutory auditors of companies. One of these

Finance Budget 2018 - Expectations

Saumit Patki 15 January 2018 at 11:50

As February 1 comes close a lot of buzz is taking place about what the Finance minister of India is going to place on the table for all the masses of the countr..

Refund procedure for Duty Paid Exports

CA Jigar Shah 15 January 2018 at 11:50

Background-It�s already over six months since the GST was implemented. However, GST return filings are yet to be streamlined. With suspense over continuat

Input Supply on which ITC is not available - Blocked Credit

CA PRASANTH.K 15 January 2018 at 11:49

Introduction As per sub-section (1) of section 16 of CGST Act,2017 every registered person is entitled to take credit of tax paid on input supply of goods or se..

Mystery unlocked on Composition Scheme under GST Laws

CS Piyush Jain 15 January 2018 at 11:49

A. Who can opt for Composition Scheme? Businesses with annual turnover upto Rs 1.5 crore* can opt for composition scheme. Turnover of all businesses with same..