Popular Articles

Online service tax registration

Sameer Shah 29 August 2015 at 12:33

Every service provider who provides taxable services over Rs 9 lakhs has to register with Service Tax. If you are in a business that provides various services such as the hospitality industry, restaurants, or beauty salons with an annual turnover in

IDS - A chance to turn black to white

CA Saurabh Singh 15 July 2016 at 10:46

The union government has launched its ambitious Income Declaration Scheme, 2016 (the scheme or IDS) as Chapter IX of the Finance Act, 2016. The scheme is effect..

Reversal of ITC under GST

Neethi V. Kannanth 25 July 2022 at 16:41

Reversal of ITC means reversal of ITC utilized earlier. By doing this, there will be an increase in the output tax liability and interest may also be required to be paid depending on when the ITC is reversed.

Solution of CA Final FR (New) Course Paper for Nov 20 Exams

Israr Sheikh 28 November 2020 at 16:00

In this article, CA Israr Sheikh provides solutions to the November 2020 CA Final - Financial Reporting Paper for New Course. Download the entire paper now!

New scheme of education & training - Practical analysis

CA. Saket Ghiria 23 February 2015 at 10:18

As per Srimad Bhagavad Gita, It is only change which remains forever and every other thing changes with the change. So true. More than 5,000 years ago, humanity got this divine knowledge which is becoming more and more rel

Implications of amendments in GST dated 15.10.2020 in Rule 142 of the CGST Rules

CA. Heet Shah 21 October 2020 at 10:58

An analysis of Rule 142 of the CGST Rules before and after the amendment in GST dated 15th October 2020 vide Notification No. 79/2020.

How to easily calculate tax on Shares and Mutual Funds

CA Sandeep Bhatnagar 06 May 2019 at 10:57

In order to incentivize the equity markets Government has given various sops to this sector. Under Section 10(38) of Income Tax Act, exemption to long term capi..

ITC claim restricted to 120% of GSTR 2A : Detailed analysis

CA Akshay Hiregange 19 November 2019 at 10:36

The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.