CAclubindia Articles

Whether MGT-9 is required or not?

CS Tanveer Singh Saluja 16 July 2021 at 09:58

There's confusion amongst Professionals regarding the requirement of preparing form MGT-9 for F.Y. 2020-21. For that matter, let's take into consideration the developments made by the Ministry from time to time.

GST Quarterly Updates Tracker (April 2021 - June 2021)

CS Lalit Rajput 16 July 2021 at 09:31

Discussing all major GST Updates including circulars, notifications, COVID-19 relaxations, and functionalities deployed on the GST Portal in the Quarter April 2021 - June 2021.

Exceptions to Restriction on Cash Payments under Section 40A(3) of the Income Tax Act, 1961

Ritik Chopra 16 July 2021 at 09:25

Rule 6DD provides certain cases under which no disallowance u/s 40A(3) shall be made where any payment of sum exceeding 10,000 or 35,000 is made otherwise than by a crossed cheque or a crossed bank draft.

Cloud Computing - The Future

CA Anurag Sharma 16 July 2021 at 09:25

Cloud Computing is the delivery of different services like data storage, networking, and infrastructure through the internet. It reduces the cost to run and manage Information Technology.

GST Registration requirement under E-Commerce business

CA Shubham Kumar 16 July 2021 at 09:25

Section 22(1) of the CGST Act provides for registration by the supplier of services or goods & services having an aggregate turnover exceeding Rs. 20 lacs.

Is cost cutting in accounting worth it?

CA Anurag Sharma 16 July 2021 at 09:25

Is saving in hiring in the accounts department by businessmen actually saving or a deferred liability? Businessmen need to understand that they are doing no good to their business by saving a few bucks.

IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2021

CS Tanveer Singh Saluja 15 July 2021 at 18:50

IBBI has notified a new set of regulations to amend the existing IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 which shall come into force as on the date of its publication in the Official Gazette.

SOP for delisting of Subsidiary Company

CS Tanveer Singh Saluja 15 July 2021 at 13:00

SEBI has issued a Circular to bring into action Standard Operating Procedures for listed subsidiary companies desirous of getting delisted, through a Scheme of Arrangement.

Scrutiny of GST Data Begins and GST Department Steps up The Heat On The Assessees

CMA Navneet Kr Jain 15 July 2021 at 09:13

Communication regarding Scrutiny of GST Data reads as - "GST scrutiny issues communicated by EIU for the period 2017-18 is forwarded herewith (find attachment) for your information.'

Zomato IPO - Know All About It!

Neethi V. Kannanth 14 July 2021 at 14:12

The offer comprises of a fresh issue of Rs 9,000 crore and the sale of shares worth Rs 375 crore by existing investors. Rs 6,745 crore will be used to fund the company’s organic and inorganic growth initiatives.