CAclubindia Articles

Export of services and receipt of consideration under GST

CA Roopa Nayak 22 January 2024 at 10:25

BackgroundIn the GST law, the export of goods/services are zero-rated supplies under the IGST act. The intention of the Government is to promote exports from th..

How to File ESIC Return?

Ishita Ramani 22 January 2024 at 08:45

Employees State Insurance (ESI) is administered by the Employees State Insurance Corporation (ESIC) which is a government organization. The program primarily provides financial and medical assistance to workers and their families.

Ram Mandir Donations: Deduction Allowed under Section 80G?

CA Aman Rajput 22 January 2024 at 08:45

This article aims to guide you through this maze, shedding light on the tax implications of your Ram Mandir donations.

A Delhi HC Order Paves Way for Swift GST Refund Adjudication

CA Divyajeet Singh Sabharwal 22 January 2024 at 08:45

For many taxpayers seeking refunds under the Goods and Services Tax (GST) regime, delays and bureaucratic hurdles can feel like an endless maze. But a recent ray of hope emerged from the Delhi High Court, offering a potential escape route with its directive in one of the case.

Financial Realities: Analyzing MSME Dues Disallowance Post Budget 2023

Ashwin Jain 20 January 2024 at 08:26

Amendment in Section 43B of Income Tax Act, 1961 (Certain expenses to be allowed on payment basis) by insertion of new clause (h) with effect from 01.04.2024

Bombay High Court dissects taxability on 'accrual' concept, when a dispute is under judicial purview

Vivek Jalan 20 January 2024 at 08:25

Mesne profits, which are yet to be determined, do not come within the purview of an accrued income for the purposes of Section 4 and 5 of the Income Tax Act till the judgment regarding civil dispute was rendered in this regard.

Analysing AO making additions on Peak Purchase Credit

CA Divyajeet Singh Sabharwal 20 January 2024 at 08:25

This judgment, with far-reaching implications for taxpayers and tax authorities, warrants a closer look through the lens of its implecations and detailed analysis.

Committee of Creditors: An Institution of Public Faith under the Insolvency and Bankruptcy Code

CS Peer mehboob 20 January 2024 at 08:25

This article delves into the provisions of the IBC to explore the crucial role of the CoC and its inherent need for ethical conduct.

Unveiling Professional Misconduct: NFRA's Order on Seya Industries Limited's Statutory Audit

CA Kunal Jain 19 January 2024 at 14:20

In a recent development, the National Financial Reporting Authority (NFRA) has issued a consequential order shedding light on the statutory audit of Seya Industries Limited for the financial years 2018-19 and 2019-20.

Clash of Claims: How Mobilox v. Kirusa Reshaped India's Insolvency Landscape?

CS Peer mehboob 19 January 2024 at 08:52

In the bustling world of Indian business, the Insolvency and Bankruptcy Code (IBC) acts as a vital safety net, offering distressed companies a chance to restructure and bounce back.