CAclubindia Articles

Keep connecting the dots

Posted by Vishal Kudve 21 February 2022 2590 Views

In this short article, I want put emphasis on "Connect the Dots" analogy used by Steve Jobs. How we connect the dots in our life is very important to reach our desired destinations

All about Uniform Customs and Practice for Documentary Credits (UCP)

Posted by FCS Deepak Pratap Singh 21 February 2022 5578 Views

A Documentary Letter of Credit or LC is an irrevocable, written undertaking by a commercial bank, issued at the request of the buyer (applicant) in favor of the seller (the beneficiary), to the effect that payment for certain goods or services will be made against a complying presentation of documents.

Fixing the old

Posted by CA Anurag Sharma 21 February 2022 2973 Views

We have to learn to maintain things; fix the broken pieces of life to move further. Life is not only about finding the new purpose every day, it's also about continuously finding the happiness in the things or people we have.

Some facts related to bank guarantees

Posted by FCS Deepak Pratap Singh 21 February 2022 7387 Views

A bank guarantee or also known as BG is a legal document issued by a bank or a financial institution to assure exporters/sellers/suppliers that they would be paid on time if the applicant/importer/buyer fails to pay the amount or fulfill the terms & conditions mentioned in the contract.

Exclusive jurisdiction of MACT in motor accident cases

Posted by FCS Deepak Pratap Singh 21 February 2022 3357 Views

In 1988 Motor Vehicle Act, 1988 was passed by the parliament of India. This act is responsible for covering all the aspects that are related to road transport vehicles. Furthermore, this act provided licensing to the conductors and the drivers as well as registration of motor vehicles.

Conditions for claiming ITC under GST

Posted by Aarti Maurya 19 February 2022 25764 Views

"Input tax" in relation to a registered person, means the central tax, state tax, or union territory tax charged on any supply of goods or services or both made to him, it does not include the tax paid under the composition levy. "Input tax credit" means the credit given on input tax.