CAclubindia Articles

Refund in case of Duty Free Shops (DFS) at international terminal

CA Pradeep Sharma 13 July 2022 at 08:50

GST Council 47th meeting also clarify by explaining "Supplies from Duty Free Shops (DFS) at international terminal to outgoing international passengers to be treated as exports by DFS and consequential refund benefit to be available to them on such supplies.

Changes in reporting of input tax credit in GSTR-3B

Nilesh Mahajan 13 July 2022 at 08:50

Changes in reporting of input tax credit in GSTR-3B [Notification No. 14/2022 - Central Tax dated 5th July 2022 read with Circular No.170/02/2022 dated 6th July 2022]

On what criteria will the loan against equity shares be sanctioned to me?

Vikas Kumar 13 July 2022 at 08:50

You can now take a loan against the equity shares held in your Demat account. This is a convenient way in which you can get the money you were looking for without having to sell any of your assets. You can simply draw a loan and use your equity holdings as collateral.

Errors in AIS on IT Portal? How to Handle it?

Poojitha Raam Vinay 12 July 2022 at 16:30

One of the important documents for verification while Tax filing is the Summary statement of AIS. The Annual Information Statement (AIS), launched last year, is a comprehensive statement containing details of 46 of the financial transactions like Income, Investment, Expenditure happened in a particular Financial Year.

Corporate Compliance Calendar for the m/o July 2022

CS Lalit Rajput 12 July 2022 at 09:03

This article contains various Compliance requirements for the Month of July 2022 under various Statutory Laws.

How to Export Masters and Vouchers from Tally?

Neethi V. Kannanth 12 July 2022 at 08:50

You can export masters created in a company, in different formats. You can also choose the type of masters to export.

What is GSTN?

Taxblock 12 July 2022 at 08:50

The Goods and Services Tax Network (GSTN) is a non-profit, non-government organization that provides IT infrastructure and services to the central government, state governments, taxpayers, and other stakeholders.

Important Updates and Due Date Compliances under GST for July 2022

Tarun Kr. Gupta 11 July 2022 at 09:14

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

Illustrative Clause 44 Of Form 3CD for FY 2021-22

CA Sudhir Halakhandi 11 July 2022 at 09:04

The Clause 44 of the Form 3CD is effective for Assessment Year 2022-23 i.e. for the Financial Year 2021-22 because the compliance of this clause was kept in abeyance till 31/03/2022 but for all the reports submitted after that date the clause is mandatory.

Case Study 3: Foreign Exchange Management Act 1999

FCS Deepak Pratap Singh 11 July 2022 at 08:43

One couple purchased house property jointly. After the death of the lady ownership of her part transferred to two children. They sold house property. Long Term Capital Gain arises. But one child who is a resident of US wants to transfer his part in the US. Is it possible?