CAclubindia Articles

Constant jiggling between past and future

Aarti Maurya 16 June 2022 at 08:58

Running towards future with a mind full of the past will lead us to nowhere. A day enjoyed beautifully with all works done productively will make you more self-satisfied and happy.

Treatment of post sale discount in GST

CA Pradeep Sharma 15 June 2022 at 15:36

While calculating GST on valuation of supply, discount shall not be the part of valuation but up to certain conditions which has been discussed in this article

Whether GST is leviable on royalty or not?

CS Advocate Abhishek Goyal 15 June 2022 at 08:53

Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.

RBI Digital Currency Myths & Reality

Praved Goud 15 June 2022 at 08:53

Many people are getting confused between cryptocurrency and digital currency. So are they the same? ; What is the difference between the two? ; Do we need them? What are all the Myths & Reality surrounding to it? Lets us discuss them in a brief manner.

How to draft reply to ASMT 10 in case of mismatch between 3B and 2A

CS Advocate Abhishek Goyal 14 June 2022 at 16:45

It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.

Input tax credit on insurance expenses under GST

CA Roopa Nayak 14 June 2022 at 15:08

In this article the paper writer has examined the major kinds of insurance expenses incurred by the taxpayer and the restrictions and eligibility to the credit thereof, relevant decisions in this context as well.

Actuarial Valuation for Accounting of Gratuity Benefits: AS 15 & Ind AS 19

Rajesh Kumar 14 June 2022 at 08:55

Actuarial Valuation is required for Accounting of Gratuity Benefits in compliance of Ind AS 19 & AS 15 (Revised 2005) by Indian Public, Private and Multinational Companies

Important Updates and Due Date Compliances under GST for June 2022

Tarun Kr. Gupta 13 June 2022 at 09:52

Important clarifications/ amendments issued by the Government on GST in May/ June 2022 along with compliance timelines in June 2022

Role of resolution professionals /liquidators in respect of avoidance transactions

FCS Deepak Pratap Singh 13 June 2022 at 09:07

The main objective of the Code,2016 is to restructure and resolve insolvency of corporate persons, partnership firms and individuals promptly for leveraging the maximum value of assets of such persons. While proceeding therewith to also promote the entrepreneurship as well as accessibility to credit.

Reduction of tax outgo for Home Buyers

Affluence Advisory 11 June 2022 at 17:25

In a recent decision of Gujarat High Court in case of Munjaal Manishbhai Bhatt vs UoI & Ors. High Court held that value of land can be excluded from levy of..