CAclubindia Articles

MSME registration under Udyam Aadhaar- Benefits, Requirement, and Process

Sanchit Aggarwal 08 June 2020 at 12:50

The terminology like MSME, SSI or Udyog Aadhaar is one and the same thing. In other words, there is only one registration which micro, small, or medium enterprises have obtained and that is Udyog Aadhaar.

Love and Career go together for CA Sakshi Gupta

CCI Team 08 June 2020 at 12:41

Sakshi is a qualified Chartered Accountant, she is still in her 20's but has so many achievements in her bag which most Chartered Accountants fail to make in their entire career. CA Sakshi Gupta is currently working as the Business and Strategic Officer at LinkedIn which is the largest professional networking site of the world.

ITC on expenditures incurred on public welfare due to COVID-19

CA Shubham Kumar 08 June 2020 at 10:08

As per the above ruling, ITC would not be available on CSR activities but as per our understanding, ITC should be available in such a transaction. If masks, sanitizers purchased and used for employees during office hours.

What is self invoicing under GST?

Jasmeen Marwah 08 June 2020 at 10:08

All the registered person who is covered under section 9(4) of CGST Act, i.e. all registered person paying taxes under reverse charge shall issue a consolidated invoice at the end of every month, where the aggregate value of such supplies exceeds Rs 5000 in a day from any all suppliers.

ICAI and Professional Judgement

Mehul Thacker 08 June 2020 at 10:07

CAI is a dynamic institution and I have nothing but respect for the people involved in decision making. But sir, I earnestly request you reconsider the decision and conduct examinations at a later point in time.

How prices of gold fluctuate?

CA Sanya Kapoor 08 June 2020 at 10:07

India is one of the largest consumers of gold. The price of gold keeps fluctuating from time to time and it is dependent on multiple factors along with the demand and supply.

Checklist for ITR-4 filing for AY 2020-21

CA Rahul Mittal 08 June 2020 at 10:07

ITR-4 for AY 2020-2021 has been notified on the e-filing portal. Every taxpayer shall file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2019-20) who furnishes the return either in ITR-1 or ITR-4.

Apportionment of Credit and Blocked Credit

Jigar Rajendrabhai Mansatta 08 June 2020 at 10:07

If the input tax as is attributable to the ITC restricted to taxable supplies Section 17(2) says that where the goods and/or services are used by the registered taxable person partly for effecting taxable supplies including zero-rated supplies under this Act Or under the IGST Act.

Reverse Charge (RCM) on Renting of Motor Vehicle

robin garg 08 June 2020 at 10:07

RCM on rent of Motor Vehicle was notified w.e.f. 01/10/2019 through notification no. 22/2019 CGST(rate) dated 30-09-2019. Later due to some confusion amendments and clarifications are introduced on 31/12/2019 through Notification No. 29/2019- CGST(Rate) and Circular No. 130/2019.

Enron Scandal (P2): The Story Continues

Karan Khatri 08 June 2020 at 10:07

Fastow was one of the key figures behind the complex web of off-balance-sheet special purpose entities (limited partnerships which Enron controlled) used to conceal Enron's massive losses in their quarterly balance sheets.