CAclubindia Articles

Why Chartered Accountancy isn't overrated?

Posted by Shekhar Kaushik 16 July 2018 15823 Views

Every Person who walking towards this journey is not a special person only because it works beyond the limit of hard work. But because in this complex world eve...

6 Months and 6 changes in GST !!

Posted by SAGAR PUNSHI 23 April 2021 29481 Views

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

Posted by CA PRASANTH.K 15 July 2018 14087 Views

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

Posted by Srishti vats 15 July 2018 21055 Views

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

Posted by chirag rajendra parekh 14 July 2018 41062 Views

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

Posted by Saumit Patki 14 July 2018 7699 Views

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

Posted by CA Jigar Shah 14 July 2018 11005 Views

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

Posted by CA PRASANTH.K 14 July 2018 21209 Views

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

Posted by CS Piyush Jain 14 July 2018 4692 Views

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...

GST EWay Bills rules in Bullet Points

Posted by Udaya Chandran 14 July 2018 9933 Views

For all the goods value more than Rs.50000/-, it is optional for the goods value less than Rs.50000/- No eway bill for value less than Rs.50000/- No eway bill ...