CAclubindia Articles

OEM Registration process for FAME subsidies

Posted by Taxblock 18 July 2022 5145 Views

FAME is an incentive scheme for adoption and manufacturing of electric and hybrid vehicles in India. Electric vehicle manufacturers and infrastructure providers receive subsidies as part of this incentive.

FCM on GTA Services

Posted by Ajay Kumar Maggidi 18 July 2022 8869 Views

Starting W.E.F today, i.e. 18-07-2022, GTA dealers may choose option to discharge the tax under forward charge. Let us have a look at what are the changes and how does it impacts.

The Stagnation in Chartered Salaries

Posted by CA Saurabh Dwivedi 16 July 2022 11739 Views

I humbly request the Hon'ble ICAI to give due consideration to these suggestions & work in favor of our beloved profession.

Refund under GST and the procedure to claim refund

Posted by Taxblock 16 July 2022 6949 Views

Refunds can be claimed under GST when the taxpayer pays a tax more than he is liable to pay. The process of claiming refund under GST is systemized so that no confusion arises. The whole process of refund is online and they have given some time limit for claiming refund.

Deposit of erroneous refund can claim back as ITC

Posted by CA Pradeep Sharma 16 July 2022 4249 Views

The proper officer, on being satisfied that the full amount of erroneous refund along with applicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger

Whether services of gardener is considered as perque if provided along with rent free accomodation

Posted by FCS Deepak Pratap Singh 15 July 2022 13442 Views

Whether services of a gardener is not considered as a prerequisite when same is provided by the employer along with rent-free accommodation owned by the employee.

Changes proposed in disclosure of ITC in Table 4 of GSTR-3B

Posted by CA Akshay Hiregange 15 July 2022 7422 Views

To streamline the disclosures in GSTR-3B across the nation, some changes in the Form have been introduced w.e.f 5th July 2022 vide NN 14/2022-CT along with clarity provided through Circular No. 170/02/2022-GST dated 6th July 2022.

Outward Supply additional disclosures in Form GSTR-3B

Posted by CA Akshay Hiregange 14 July 2022 7972 Views

In order to accommodate new changes in the law and new disclosure requirements, the present GSTR-3B may see some changes soon, as specifically mentioned in the press release of the 47th council meeting. A revised GSTR-3B form may be put up in the public forum for comments and suggestions.

Tips to save up money even during recession

Posted by Suhasini

14 July 2022 3005 Views

In this article, we give you tips on how you can cut down on some costs and how to save some cash.

What is income?

Posted by Taxblock 14 July 2022 4769 Views

Income is the money an individual receives in compensation for their work, services, or investments. For businesses, Income means revenue that a business generates by selling its goods and services. Revenue is the money earned by a company from selling goods or services throughout its operations.