CAclubindia Articles

7 Years of GST: My Experience

Abhishek Raja 02 July 2024 at 08:45

Reflecting on my seven years of experience with the Goods and Services Tax (GST), I've observed that the GST department frequently imposes its interpretations under the guise of the "intention of the legislature."

Final Checklist before Filing ITR for FY 23-24

CA Pallav Singhania 02 July 2024 at 08:40

Filing an income tax return (ITR) is a crucial annual task for taxpayers, ensuring compliance with tax laws and facilitating smooth financial planning. As the Financial Year (FY) 2023-24 draws to a close, it is imperative to be well-prepared and informed before filing your ITR. Here are the key considerations to keep in mind.

7 Wonders of the GST World

CA Umesh Sharma 01 July 2024 at 08:33

Today 1st July 2024 marks the completion of 7 years from the implementation of GST law in the country. The taxpayers have seen huge revolutions in the indirect tax regime of the country in these 7 years.

RBI Compliance Regulations and the Role of Advanced Technologies in Bank and NBFC

Affluence Advisory 29 June 2024 at 08:31

The key regulations and guidelines issued by the RBI cover various aspects of operations, including prudential norms, risk management, capital adequacy, liquidity management, asset classification, provisioning, customer service, fraud prevention, cybersecurity, and anti-money laundering measures.

Understanding The Competence-Competence Principle

FCS Deepak Pratap Singh 28 June 2024 at 08:33

As you are aware, arbitration is one of the most popular alternate dispute resolution methods. It is a less time-consuming, private, economic, and effective dispute resolution process. Individual, partnership, and corporate entities favored this process. There is no internationally approved definition of arbitration.

ICAI Conference Sparks Outcry Over Gender Restrictions

Priya Mulukutla 27 June 2024 at 11:11

A recently uploaded video has caused quite an uproar in the CA fraternity. The viral video has been making the rounds in X (formerly known as Twitter). The video is from the recently held International Conference for CA Students in Kolkata by the Institute of Chartered Accountants, where Swami Gyanvatsal from BAPS Swaminarayan Mandir was one of the chief guests.

A Guide to Tax Benefits of a Hindu Undivided Family (HUF)

Ishita Ramani 27 June 2024 at 08:31

In this article, we will discuss the meaning of a Hindu Undivided Family, the tax benefits of a Hindu Undivided Family, and the drawbacks of a Hindu Undivided Family.

Case Study: Approval of Resolution Plan

FCS Deepak Pratap Singh 27 June 2024 at 08:31

National Company Law Tribunal (NCLT) has initiated CIRP on application of one of Operational Creditors of DOP Ltd. A Resolution Professional was appointed after all processes as per the Law.

Key Highlights of 53rd GST Council Meeting

Affluence Advisory 26 June 2024 at 14:09

The recommendations of the GST Council Meeting was aimed at providing relaxation, bringing changes in the GST Tax rates, trade facilitation measures and for aiding to streamline compliances.

6 Welcome Amendments Recommended in Return Filing Process by 53rd GST Council Meeting

CA Shruti Singhal 26 June 2024 at 08:37

The council has recommended some measures to increase reporting, reduce the burden of interest, and give taxpayers the option to rectify the GSTR-1 to narrow the gap between GSTR-1 and GSTR-3B in genuine cases. Let us now read these changes in detail!