CAclubindia Articles

Understanding the New IMS (Invoice Management System) on GST Portal

CA Umesh Sharma 19 November 2024 at 08:38

IMS allows recipient taxpayers to take various actions like accept, reject, or keep invoices pending based on the records uploaded by their suppliers in GSTR-1 or IFF. This gives recipients control over their Input Tax Credit (ITC) eligibility before filing GSTR-3B.

ITR is Statutory Document that must be considered while deciding Compensation

FCS Deepak Pratap Singh 18 November 2024 at 05:14

The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.

Challenges Faced By Small and Medium-Sized Enterprises in 2024

Ishita Ramani 18 November 2024 at 05:14

In this article, we elaborate the challenging situations faced by Small and Medium-sized businesses, supplying insights and ability solutions.

AI's Role in Revolutionizing Compliance and Regulatory Reporting for Chartered Accountants

CA Aditya 18 November 2024 at 05:14

This article explores the practical applications of AI in accounting, highlighting how these technologies improve efficiency, reduce errors, and ensure adherence to ever-changing regulations.

Cost Audit Applicability for Small and Medium Enterprises (SMEs)

Ishita Ramani 16 November 2024 at 06:58

This article explores the cost audit applicability for SMEs, its benefits, and the criteria that determine its relevance.

Whether Borrowing From Directors is Related Party Transaction

FCS Deepak Pratap Singh 16 November 2024 at 06:58

The provisions related to Vigil Mechanism is contained in Section 177 (9) and (10) of the Companies Act, 2013 (the Act) read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014.

Top 10 MSME Benefits Every Small Business Owner Should Know

Ishita Ramani 15 November 2024 at 09:09

Here's a study of the top 10 MSME benefits each small enterprise proprietor ought to recognize.

Detection and Reporting of Fraud by Secretarial Auditor

FCS Deepak Pratap Singh 15 November 2024 at 06:34

The Auditor shall exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit to detect and report the fraud envisaged under the provisions of Section 143(12) of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014.

GST Amnesty Scheme 2024: Sec 128A of CGST Act 2017

CA. Bhavik P. Chudasama 14 November 2024 at 14:08

A Comprehensive Guide to Waiver of Interest and Penalty

Common Mistakes to Avoid in ESI Return Filing

Ishita Ramani 14 November 2024 at 09:19

In this article, we will talk about the common mistakes that companies make for the duration of ESI Return filing and the way to keep away from them to make sure easy and blunders-free submissions.