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PCA Framework for Non-Banking Financial Companies

  yash    24 December 2021 at 08:33

RBI issued the Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs). This PCA Framework for NBFCs will come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022.



Why Income Tax due Date needs to be extended

  CA Aakarsh Jain    24 December 2021 at 08:33

Few of the problems listed out are as below which calls for immediate resolution or for extension of the return filing dates.



Exhaustive Analysis of Important GST Amendments Applicable From 1st January 2022

  CA Aakarsh Jain    24 December 2021 at 08:33

Important amendments related to GST have been made vide the Finance Act, 2021 but the same were not notified at the time of receiving the presidential assent. Said amendments are contained from Sec. 108 to Sec. 123 of the said Act



Career Choices After CA

  CA Aakarsh Jain    24 December 2021 at 08:33

You have to be very passionate and clear about which career to end up in in the future. If you are entering a particular industry or training on your own, and if you are training on your own, which services should you focus on? CAs can take on other services in the industry and you have to make the right choice for them.



Clarification w.r.t recovery of self-assessed tax w.e.f. January 01, 2022

  Bimal Jain    23 December 2021 at 11:49

The Hon’ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to recovery of self-assessed tax



Amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017 w.e.f. January 01, 2022

  Bimal Jain    23 December 2021 at 11:28

The Hon’ble Finance Minister, in Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to amendments in Section 74, 107, 151, 152 and 168 of the CGST Act.



Amendments proposed in Section 129 and 130 of the CGST Act, 2017 notified w.e.f. January 01, 2022

  Bimal Jain    23 December 2021 at 10:16

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to amendments in Section 129 and 130 of the CGST Act.



GST ITC available when reflected in GSTR 2A/ 2B w.e.f. January 01, 2022

  Bimal Jain    23 December 2021 at 10:04

The Hon'ble Finance Minister, in Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") to insert a new condition for availment of Input Tax Credit ("ITC") under the GST.



GST leviable on services provided by Club or Association to its members retrospectively w.e.f. July 01, 2017

  Bimal Jain    23 December 2021 at 09:51

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") to levy GST on services provided by Club or Association to its members.



Need of Growth In The Indian Economy

  Sachin Mishra    23 December 2021 at 09:19

Optimism about the potential for India's economic growth has grown steadily in recent years. In part, this is fueled by China's example of strong sustained growth, raising the obvious question of why India cannot do as well.




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