CAclubindia Articles

Procedure for revocation of cancellation of GST registration

Rohit Kumar Singh 28 May 2021 at 09:30

CBIC has issued notifications for specifying SOPs for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration u/s 30 of the CGST Act, 2017 and Rule 23 of the CGST Rules, 2017.

SPAC: A New way of getting an IPO for Private Companies

CA Kapish Anand 28 May 2021 at 09:30

Since it is a very complex process to raise money via IPO due to many technicalities with respect to price band or other investment banker issue, private companies have started to prefer SPAC.

Section 194K: TDS on Mutual Fund Income

Mayank Mandora 28 May 2021 at 09:30

FM Nirmala Sitharaman proposed the addition of Section 194K in the Union Budget 2020. This section includes a tax deduction on the amount paid on the units of mutual funds.

Venture Capital: An Emerging Concept

Parth Shah 27 May 2021 at 17:11

Through Venture Capital, a company having Innovative ideas, growth oriented startups etc. may benefit to run its business smoothly by exchange of equity.

Growth Trajectory for Commerce Professionals: Part 1 - Introduction

CMA Mrudula M 27 May 2021 at 17:10

This series is intended to open up the thinking horizons of the referred group of professionals to other areas. In this article, we will be introducing the different professional horizons.

GST Saga on Health Care Services - Classification of various items used by Healthcare Industry

Bimal Jain 27 May 2021 at 12:40

Discussing seven important judicial pronouncements under GST on the classification of various health care services used by the healthcare industry.

Changes in the GST refund Procedure and Rules

Rohit Kumar Singh 27 May 2021 at 09:42

CBIC has issued Notification No. 15 /2021 - Central Tax dated 18th May 2021 specifying changes in the CSGT Rules, which has brought changes in the GST refund procedure.

Avoid Exceeding This Limit in Mutual Funds, Bank FDs, and Cash Deposit, Otherwise, You May Get a Notice of Income Tax

Kapil Rana 27 May 2021 at 09:42

Cash transactions and digital deposits are closely monitored by the IT Department, and if you invest more than Rs 10 lakh in mutual funds, stock market, bonds, or debentures, your chances of receiving a notice increases.

Extension of Income Tax Due Dates

CA Umesh Sharma 27 May 2021 at 09:42

CBDT has issued a circular on 20.5.2021 for an extension of due dates for various returns and compliances under the Income Tax Act. Let us discuss the extended due dates.

Producer Companies: Complete Procedure For Incorporation

CS Rashi Jain 27 May 2021 at 09:42

A producer company is a blend of a Pvt. Ltd. Co. and a Cooperative Society. Discussing the meaning, benefits and working of Producer Companies, before its incorporation procedure.