CAclubindia Articles

Section wise Impact of LLP Amendment Act, 2021

CS Divesh Goyal 21 August 2021 at 09:53

Both houses of Parliament has approved the LLP Amendment Bill, 2021. Finally, the same got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021.

Relaxation From Passing Of Online Proficiency Test

CS Divesh Goyal 21 August 2021 at 09:53

An individual shall not be required to pass the online proficiency self-assessment test when he has served for a total period of not less than three years as on the date of inclusion of his name in the data bank.

Amendment in provisions of independent director

CS Divesh Goyal 21 August 2021 at 09:53

MCA has issued The Companies (Appointment and Qualification of Directors) Amendment Rules, 2021 on 19th August 2021 which will come into effect from 20th August 2021.

Penalty / Fine - LLP (Amendment) Act, 2021

CS Divesh Goyal 21 August 2021 at 09:53

The LLP (Amendment) Act, 2021 got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021. Let us discuss the changes in Fine / Penalty under the LLP Act, 2008.

What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

Bimal Jain 20 August 2021 at 14:19

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.

Audit Quality Maturity Model V 1.0 - Requirements For Human Resource Management

CA Amrita Chattopadhyay 20 August 2021 at 13:23

Audit Quality Maturity Model (AQMM) is a tool for self-evaluation of audit firms & sole proprietor towards technological driven mechanism to increase the operational efficiency.

Why isnt RBI doing anything about inflation?

BILAL KHAN 20 August 2021 at 12:40

The CPI stands at 6.26% in June 2021 compared to May 21 of 6.30%. This is over and above the RBI tolerance limit of 2-6%. However, for June 21 the data is provisional.

Confused while claiming ITC & the fuss for Rule 36(4) - Lets find out why?

Shivani Dundlodia 20 August 2021 at 09:33

To minimize the drawbacks of 2A, a new statement was launched i.e GSTR 2B. It is a static, month-wise auto-populated statement reflecting details of all the purchase-related details.

Decisions taken in SEBI Board Meeting held on 6th August 2021

FCS Deepak Pratap Singh 20 August 2021 at 09:33

In its meeting dated 6th August 2021, the Securities and Exchange Board of India took six major decisions. Same has been discussed in this article.

India Withdraws The Infamous Retrospective Amendment In Finance Act, 2012

FCS Deepak Pratap Singh 20 August 2021 at 09:33

Vodafone and Cairn, and other taxpayers would be greatly benefitted from this change as they no longer have to battle with the Indian Government and would also get refund of taxes paid (without interest).