CAclubindia Articles

Income tax raid and rights of an assessee during the raid

Posted by Taxblock 13 September 2022 11022 Views

An income tax raid is an operation of search and seizure which is conducted by the income tax department on the business or residential premises of taxpayers with an objective to reveal all the undisclosed income of the assesses.

Guidelines in filing the TRAN-1 application

Posted by V SRIKANTH 12 September 2022 7045 Views

The CBIC has issued a circular no. 180/12/2022-GST dated 9.9.22 laying down certain guidelines in filing the TRAN-1 application pursuant to the decision of the Supreme Court in the case of Union of India Vs. Filco Trade Centre private limited.

Benefits of Debit Notes delinked from Sale Invoices under GST

Posted by CA. Heet Shah 12 September 2022 18515 Views

With effect from 01.01.2021, section 16(4) of the CGST Act, 2017 was amended videthe Finance Act, 2020, so as to delink the date of issuance of debit note from ...

Case Study - The Customs Act, 1962

Posted by FCS Deepak Pratap Singh 12 September 2022 6729 Views

Dalmia & Associates, a practicing CA firm, submitted its application to ICAI for carrying out the bank audit for nationalized banks. After following the designated procedures and approvals required for appointment of bank auditors, the firm was appointed as branch auditor of Eastern Bank of India, a public sector bank headquartered in Kolkata.

Guidelines for launching of prosecution under GST

Posted by V SRIKANTH 10 September 2022 5351 Views

The Commissioner (GST-Investigation), CBIC, had recently issued instruction no. 04/2022 dated 01.09.22 laying down guidelines to be followed by the department for launching prosecution under the CGST Act.

What constitute an arbitration agreement?

Posted by FCS Deepak Pratap Singh 10 September 2022 9424 Views

Arbitration is most favored and less expensive Dispute Resolution Process. The secrecy maintained during arbitration proceedings and autonomy to the parties to choose arbitrators and place of arbitrations makes it more acceptable.

Now I should give up: Redefining Failure

Posted by Aastha Pragya 10 September 2022 2276 Views

Stop running behind the things which are not of your interest and won't add value. Do what you find interesting as well as upskilling. Improvement is the only key to work on in order to create a success of your own.

How GST E-invoicing Will Impact Business Compliance & Operations?

Posted by Suresh Kumawat 10 September 2022 13978 Views

The government had informed executing the fifth phase of e-invoicing to assessee whose yearly turnover exceeds Rs 10 cr to 20 cr. From Oct 1, 2022, the same phase will start, it just impacts drastically the small businesses that have the same turnover as well as affects their business processes and complaints.

Accounting, Audit and Taxation Future & Options (F&O)

Posted by CA Aakarsh Jain 09 September 2022 30786 Views

Trading in shares and derivatives (F&O trading) is commonplace today. You won't believe that the depositories added approximately 14.3 million new investors during the year that concluded on March 31, 2021. We also cannot ignore the influence of digitalization and the platforms available for stock and derivative market investing.