Popular Articles

Rule 36(4) amended to reduce ITC entitlement for invoices not furnished by supplier from 10% to 5%

Bimal Jain 14 January 2021 at 10:28

CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has issued CGST (Fourteenth Amendment) Rules, 2020, inter alia, amending Rule 36(4) of the CGST Rules, 2017 w.e.f. January 1, 2021

Penalty on issuance of fake invoice and wrong ITC claim

CA PIYUSH KAPOOR 16 January 2023 at 08:15

This article describes the Fake GST Invoice and measures to address them.

Proposed corporate tax rate cut in Budget 2015 and its impact on AS-22

Sai Sundar 28 May 2015 at 10:24

May 26, 2014 was a watershed moment in the history of Indian politics. The Macroeconomic scenario, for few years leading into 2014, was downcast with inflation running high, government having a huge fiscal and current account deficit and the GDP stay

Highlight of the changes proposed in Central Excise in the Budget

MONISH BHALLA 02 March 2010 at 11:15

1. The excise duty of all goods which attracted 8% Central Excise duty previously will now be taxed at 10%. 2. The rates of duty on cement manufactured by units other than Mini Cement Plant in packaged form and bulk form have also been revised upwa

Application U/S 295 & 372A

CA Praveen Chopra 17 March 2008 at 17:05

Check List for submitting the application u/s 295 & 372A of The Companies Act, 1956 PLEASE ENSURE WHILE SUBMITTING THE APPLICATION IN RESPECT OF LOANS/CORPORATE GUARANTEE OR FURNISHING SECURITY UNDER SECTION 295 & 372 A OF THE COMPANIES ACT, 1956 THA

Merged Definition of a Listed Company in Section 2(52) of the Companies Act, 2013

CS Divesh Goyal 22 July 2021 at 09:16

MCA has liberalized the definition of listed companies under the Companies Act to give compliance relief to public limited companies and private limited companies having listed debt securities.

Overview on Insolvency and Bankruptcy Code, 2016

CS Bhavesh Agal 16 January 2017 at 11:13

The upcoming Law which help a fast process for Insolvency and Bankruptcy.

E-Sahyog - No more visits to Income Tax Office for mismatch

ABHISHEK SONI 23 November 2015 at 13:11

Great news from Income Tax Department!Now, you don�t need to present yourself in office of Income Tax Authorities for correcting mismatches. Income Tax Department has come up with a new initiative in form of E-Sahyog through which mismatches ca

Independence to small taxpayer if his profit is above 8%

CA Umesh Sharma 14 August 2015 at 11:39

Karneeti Part 110Independence in 8th Month, but for Small taxpayer if, its profit above 8%.Arjuna (Fictional Character): Krishna, Independence Day of our country is coming closer on 15th August. All citizen lives happily because of independence. Simi

Once a Chartered Accountant Always a Chartered Accountant

Poojitha Raam Vinay 16 October 2021 at 10:25

We normally do not ask any Engineer or Doctor how many attempts or years they have taken to complete their course. Then why ask a Chartered Accountant?