CAclubindia Articles

Summary of GST Notifications, Circulars & Orders of November 2019

Vamshi Krishna Javvaji 13 December 2019 at 13:00

The objective of this article is to summarize all the updates of GST (Notifications, Circulars, other amendments, and updates) in one place. 11 Central tax notifications, One Central tax rate notification and 6 Circulars were issued during the month Nov�19. The same is being summarized below.

TDS under Goods and Service Tax (GST)

Khushboo Dave 13 December 2019 at 12:59

Tax Deduction at source is a way by which leakage of revenue to Government is ensured to some extent. Like direct Tax, TDS is also implemented for Indirect Tax...

Top Five Software for an Accounting Firm

Arpit Tandon 13 December 2019 at 12:59

Choosing appropriate software for your accounting firm is a tedious task. Every accounting firm has a different set of requirements. Some require built-in MIS Reporting; others need different functionalities in their practice management software.

Detailed analysis of new GST returns

Sandip Agarwal 13 December 2019 at 11:22

Under the new GST return, there will be 1 main form viz. GST RET-1 (Normal), / GST RET-2 (Sahaj)/ GST RET-3 (Sugam) (i.e. the taxpayer will have to file any of the above forms) and two Annexures namely GST Anx-1 & GST Anx-2.

Impact of adoption of IFRS/Ind AS

CA. Atul Khurana 13 December 2019 at 11:21

This article is intended to make you understand the major impact both in terms of advantages and disadvantages of the adoption of Converged IFRS i.e Indian Accounting standards (Ind AS) on the financial statements and the working of the companies both.

Notified jurisdictional area under section 94A of Income Tax Act

PUSHP KUMAR SAHU 13 December 2019 at 11:18

In this article, we will understand why section 94A was introduced and what was the need for invoking such provisions under the Income Tax Act,1961.

ITC restriction on invoices or debit notes not uploaded in GSTR-1

Lalit Kumar Gupta 11 December 2019 at 11:01

Input Tax Credit restriction - Rule 36(4) of CGST Rules, 2017 inserted vide Notification No. 49/2019 dated 09th Oct, 2019 was made applicable w.e.f. 09th Oct, 2019. This article explains the ITC restrictions imposed through this rule with valid examples.

The Face of Faceless e-Assessments: Artificial Intelligence, Machine Learning & Team Based Scrutiny!!

Mayank Mohanka 11 December 2019 at 10:38

'Welcome to the New Era of 'Faceless', 'Jurisdiction-less', and hopefully 'Corruption-less' E-assessments.' In this article you will get valuable and informative insights on the difference between e-assessment and regular assessment, the benefits as well as the challenges that e-assesment will face.

Equity Investors Beware

S.Sridhar 11 December 2019 at 10:37

Recent instances in Indian Share market raise concerns on the safety of one's investments & exposes the lack of governance & lack credibility of Promoters. This article shares the two unfortunate recent Instances witnessed adversely affecting the interests of investors & needless to say shaking their confidence levels.

Rotation of statutory auditor

Prashant Panda 11 December 2019 at 10:37

Know all about the provisions related to the rotation of the statutory auditor- meaning of appointment, term of rotation, cooling period, the applicability of rotation, etc.