CAclubindia 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

A roadmap to expanding your CA firm to a new branch or location

Suhasini 13 January 2021 at 10:32

Here are some things one must do as a CA firm owner when planning to expand to a new location.

Section 194C | TDS on Payment to Contractor

CA.R.S.KALRA 13 January 2021 at 09:54

Discussing all about Section 194C of the Income Tax Act, which deals with TDS on Payment to Contractor including its meaning, eligibility, TDS Rate, Non-Applicability and Important Case Laws.

What is Integrity?

CMA Mrudula M 13 January 2021 at 09:54

In this article, we understand the detailed meaning of Integrity and how we come across some specific scenarios where we have to consciously make our choices when our level of integrity could be questioned.

Section 194BB | TDS on Winning from Horse Races

CA.R.S.KALRA 12 January 2021 at 10:00

Any person, who is responsible for paying to any person any income by way of winnings from any horse race an amount exceeding Rs. 10,000 (Rs. 5,000 up to 31.5.2016) shall deduct TDS @ 30%.

How to Calculate Gratuity?

M Venkat 12 January 2021 at 10:00

In this article, we understand all about Gratuity, including its meaning, taxability, eligibility, and its calculation for Employees covered under the Payments of Gratuity Act, 1972 and those not covered under the act.

Shock Causing Notices (SCNs) of Service tax by GST department

CA Umesh Sharma 12 January 2021 at 10:00

The Central GST department has been issuing Show Cause Notices for differences in receipts as per Service tax returns & ITRs for FY’s 14-15, 15-16 and so on. This is a critical topic to discuss.

Restricting use of ITC amount for discharging output tax liability in GST

Bimal Jain 12 January 2021 at 09:53

The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has introduced a new Rule 86B in the Central Goods and Services Rules, 2017 ("CGST Rules"). Let us understand the same.

e-Proceeding of Income Tax - Easy Guide

Aruhi 12 January 2021 at 09:52

e-proceedings is an electronic platform for conducting proceedings in an end to end manner created by the Income Tax department. The objective here is to bring about transparency and efficiency in the income tax related proceedings.

Cost of US CPA Exam

Suhasini 11 January 2021 at 16:22

The US CPA certification is offered by the American Institute of Certified Public Accountants (AICPA). This is a highly qualified designation and in order to acquire this designation, a candidate needs to fulfil all the predefined educational and experience criteria.