CAclubindia Articles

Intangible Assets - AS-26

CA Sapna Ghelani 08 January 2021 at 09:37

In this article, we understand all about AS-26 which deals with Intangible Assets including its meaning, applicability, exclusions, initial measurement and difference between AS-26 and AS-38.

Conversion Of Unsecured Loan To Equity Pursuant To Section 62(3) Of Companies Act, 2013

Neha Rajan Redekar 07 January 2021 at 14:55

The Companies Act, 2013 first time came up with the new provision of converting the loan into equity pursuant to Section 62 (3) of the Companies Act, 2013.

Covid-19 Pandemic & Its Aftermath - How Indian Economy be facing the future?

Nivedita 07 January 2021 at 14:38

Amid restrictions and precautions, let's have a look at how the economy at large is affected. More particularly let's talk about sectors such as Real Estate & Infrastructure, FMCG, IT Sector, etc.

A Critical Analysis of having TDS and TCS with GST on them

akshay parakh 07 January 2021 at 12:00

What we often ignore while checking our books of accounts is the impact of TDS/TCS under income Tax Act with Goods and Services Tax. In this article, we discuss the same in three subsets.

How to Calculate 5% Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4)?

Neethi V. Kannanth 07 January 2021 at 09:28

In this article, we discuss the computation of Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4) including, computation as per Books of Accounts and GSTR-2B, and claim of balance ITC.

Rule 86B of CGST Rules and its Impact

Indira Priyadarsini Kota 07 January 2021 at 09:28

Rule 86B has been introduced with an intention to curb unfair practices by traders to avail ITC and stop creating fake invoices to increase the turnover without any financial credibility.

Is Interest not payable if the GST return is filed belatedly but amount is deposited in Cash Ledger within due date?

Anket Dodya 07 January 2021 at 09:28

In many cases cash ledger was credited within the time, however, filing of return happened belatedly. There are strong reasons why interest should not be levied in such scenarios. Let us understand the legal matrix around this issue.

Transitions in GST rules which are applicable from 01st January 2021

Mayank Gupta 07 January 2021 at 09:28

With the increase in the number of fraudulent cases, fake invoicing by many concerns, and creation of dummy firms the GST department amends the CGST rules, 2017 that are made effective from 1st January 2021.

CA vs CMA vs CS

CMA Mrudula M 07 January 2021 at 09:28

Each profession has its role in an organization for it to conduct activities and succeed. In this article, we draw a comparison between three of the most sough-after courses i.e. CA, CS, and CMA.