CAclubindia Articles

Assessment of Non-filers of Return under Section 62 of CGST Act

Udaya Chandran 02 February 2024 at 08:53

Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.

Key Highlights of Budget FY 2024-25 by FM Nirmala Sitharaman

CA Aman Rajput 01 February 2024 at 16:01

In a much-anticipated budget presentation, Finance Minister Nirmala Sitharaman outlined the fiscal blueprint for the upcoming financial year 2024-25.

Summary of Interim Union Budget 2024-25

CA Ruby Bansal 01 February 2024 at 13:19

The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.

Reverse Charge Mechanism v/s Forward Charge Mechanism

Ishita Ramani 01 February 2024 at 08:32

Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.

The Role of Internal Audit in SMEs

Sundaran.D 01 February 2024 at 08:32

Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.