CAclubindia Articles

GST on Toll-Operate-Transfer Arrangements: Understanding the New Special Procedure and Its Practical Implications

Posted by CA Shanu Agrawal 10 November 2026 172 Views

Explore the GST implications of Toll-Operate-Transfer (TOT) arrangements, including the new toll-collection rights exemption, escrow-linked O&M tax mechanism, applicable GST rates, input tax credit and transitional compliance requirements effective from 1 November 2026.

GST Amendment: New Process To Submit Successfully

Posted by Mitali

10 November 2026 3348 Views

Learn the new GST amendment submission process, key steps, required details and common mistakes to ensure successful submission of GST amendment applications on the GST portal.

Bank Guarantee vs Letter of Credit: Which one does your business need?

Posted by Ankush 10 November 2026 62 Views

Understand the key differences between a Letter of Credit (LC) and Bank Guarantee (BG), including their purpose, payment process, types, bank charges, margin requirements, limit calculations and practical examples for businesses.

1 Lakh Interest Per Month: Check Out the Investment Needed? - Post Office MIS vs SBI

Posted by Chaitra Seetharam 10 November 2026 4770 Views

Discover how much investment is required to earn ₹1 lakh monthly interest through Post Office MIS and SBI. Compare interest rates, returns, investment amounts and key features in 2026.

Wrong ITC Reporting Is Not Wrongful Availment but Supplier's Tax Default May Bar Credit

Posted by Raj Jaggi

10 November 2026 80 Views

Incorrect ITC Reporting and Supplier's Tax Default Have Different Legal ConsequencesInput Tax Credit (ITC) is an important feature of GST, but disputes often ar...

Why October 2026 GST return is more important for FY 2025-26?

Posted by CA Umesh Sharma 11 November 2026 531 Views

October 2026 GST Return: Check 7 important compliance points, including ITC reconciliation, credit notes, GSTR-2B matching, invoice amendments and GSTR-9 for FY 2025-26.

Diwali Gifts to Employees: When Does a Gesture of Appreciation Become Taxable?

Posted by Priyanshi Garg

11 November 2026 137 Views

Understand the tax implications of Diwali gifts to employees, including income tax exemptions, gift limits and when festive rewards become taxable perquisites.

Diwali Gifts to Directors and KMPs: A Corporate Governance and Compliance Perspective

Posted by Priyanshi Garg

10 November 2026 75 Views

Understand the Companies Act, income tax and GST implications of gifts given to or received by directors and KMPs, including remuneration, disclosure requirements, conflicts of interest and corporate gifting policy.

Diwali Bonanza or Tax Burden? GST Implications on Corporate Gifts and Freebies

Posted by Priyanshi Garg

09 November 2026 146 Views

Understand the GST and Income Tax implications of Diwali gifts to employees, customers and business associates. Know the GST liability, ITC restrictions, ₹50,000 employee gift limit, TDS under Section 393 and key compliance requirements for businesses.

Corporate Diwali Parties: Can Businesses Claim ITC on Festive Celebrations?

Posted by Priyanshi Garg

12 November 2026 300 Views

GST on Diwali parties: Understand ITC eligibility on food, catering, venue hire, decorations, entertainment and employee gifts under Sections 17(5)(b)(i) and 17(5)(h) of the CGST Act. Also explore the income-tax treatment of employee welfare and business promotion expenses, perquisite rules and practical compliance tips for businesses.