CAclubindia Articles

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

CA Amit Harkhani 02 February 2021 at 09:12

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

Data Analysis In Internal Audit - Payroll

CA Amrita Chattopadhyay 02 February 2021 at 09:12

It is very important to establish adequate controls in the payroll process. Further, it is also important to know that the controls established are working adequately.

Union Budget 2021 | GST Audit by CA/CMA Discontinued but More Onus Put On assessees

CMA Navneet Kr Jain 02 February 2021 at 08:57

The budget presented on 1st Feb 2021 has brought some good news for the assesses but adverse news for professionals like CMAs and CAs on the GST front, with regard to the discontinuance of GST Audit.

Direct Tax Highlights of Union Budget 2021

MOHAN ARYA 02 February 2021 at 08:54

Discussing the Direct Tax Proposals laid down in the parliament by FM Smt. Nirmala Sitharaman as part of her Union Budget 2021 speech on 1st February 2021.

An Overview of GST QRMP Scheme

Susmita Dutta, CA , CPA 02 February 2021 at 08:52

The QRMP Scheme states that a GST registered person, whose turnover is less than 5 crore rupees, is eligible to file the return on a quarterly basis, but has to make the payment on a monthly basis.

GST and Indirect Tax Proposals laid down in Union Budget 2021

Aruhi 01 February 2021 at 15:42

The Union Budget 2021 was presented in the parliament by FM Smt. Nirmala Sitharaman. Discussing the amendments made in the CGST and IGST Act 2017, along with other Indirect Tax Proposals.

Union Budget 2021 | Summary of the Budget 2021-22

Aruhi 01 February 2021 at 15:01

Providing a thorough summary, including direct and indirect tax proposal of the Union Budget 2021-22 which was presented in the parliament on 1st Feb 21, by FM Smt. Nirmala Sitharaman.

Direct Tax Proposals | Budget 2021

Suhasini 01 February 2021 at 14:52

Discussing the Direct Tax Proposals laid out under the Union Budget 2021, which was announced in the parliament on 1st February 2021 by FM Smt. Nirmala Sitharaman.

Union Budget 2021 | Key Highlights of Union Budget 2021-22

Suhasini 01 February 2021 at 14:44

FM stated that India's fight against COVID-19 continues into 2021 and that, this moment in history is the dawn of a new era - one in which India is well-poised to truly be the land of promise and hope.