CAclubindia Articles

FAQs on E-Invoice (Electronic Invoicing) in GST

Rohit Kumar Singh 18 August 2020 at 10:14

Recently CBIC issued Notification No 60/2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020.

Offshore funds managed in India exempt from business connection in India

Soumya Shekhar 18 August 2020 at 09:59

On May 27, 2020, the CBDT issued a notification which has far-reaching implications for offshore funds. The notification has amended Rule 10V of the Income Tax Rules, which provided that Indian Fund Managers would have to be remunerated on atleast at an arm’s length price

Factors ensuring independence to the taxpayers

CA Umesh Sharma 18 August 2020 at 09:58

Krishna, the taxpayer's charter has been announced by PM Modi on 13th August 2020. What is it about? asks Arujana.

Relaxation in due dates for filing GSTR and year end activities to be carried out before 30 Sep 2020

Manasa Reddy Bonam 18 August 2020 at 09:56

Know the various GST Returns to be filed on or before 30/09/2020 and the compliance to be fulfilled before 30/09/2020

GST Impact on Real Estate Industry

Manasa Reddy Bonam 18 August 2020 at 09:54

In the case of Residential House Property, the developer is liable to pay GST under Reverse Charge Mechanism. For units remaining unsold on Completion Certificate (CC) at the rate of 18%.

Surprising Benefits of a POS System for Your Business

Biswajit Mishra 17 August 2020 at 15:29

From speeding up transaction processing to gaining actionable insights to make informed decisions, every business owners are aware of several benefits of a retail POS system.

FAQs | NPS (Private Sector; through PoPs)

Aruhi 17 August 2020 at 11:51

National Pension System is a contributory pension system which was initially (from 1st January 2004) introduced for the government employees and later rolled out for all citizens of India from May 1, 2009. Any citizen of India in the age group 18 to 65 years can join the NPS.

FAQs by ICAI for May/November 2020 Examinations

Suhasini 17 August 2020 at 11:47

The Institute of Chartered Accountants of India has released a list of Frequently Asked Question for CA May/November 2020 Exams.

Transfer Of Actionable Claims

FCS Deepak Pratap Singh 17 August 2020 at 10:39

Actionable Claim is a claim to any debt, other than secured by mortgage of immovable property or pledge or hypothecation of some movable property, or to any beneficial interest in movable property, not in possession either actual or constructive of the claimant.

Return Of Premium Under A Contract Of Insurance

FCS Deepak Pratap Singh 17 August 2020 at 10:39

The contract of insurance is based on good faith, the insured /prospect have to disclose all relevant facts, required by the insurance company to underwrite risk and decide premium.