CAclubindia Articles

ITC Restrictions Under Section 17(5)(h) of CGST Act: Key Clarifications and Contradictory Judgments

deepak K Gujrati 23 January 2025 at 14:21

UPDATE 17(5)(h) of the CGST Act - GOODS LOST, STOLEN, DESTROYED, WRITTEN OFF OR DISPOSED OF BY WAY OF GIFT OR FREE SAMPLES

Breaking Barriers: How Cross-Border Payments Are Empowering Indian Exporters

CA Gyati Gupta 23 January 2025 at 08:38

It’s the story of an evolving India—one where small businesses, freelancers, and exporters are making their mark in the global marketplace. But behi

Receivable Audits & External Confirmations on Financial Reporting

J. D. Shah Associates 23 January 2025 at 08:34

In the current business environment, accurate financial statements are crucial for effective decision-making and ensuring financial stability. Let's dive deeper into why these practices are so important for your business.

Delhi High Court Rules: Grounds of Arrest Must Be Communicated in Writing

CA Naveen Panwar 23 January 2025 at 08:34

In a landmark judgment, the Delhi High Court, in the case of Kshitij Ghildiyal vs. Director General of GST Intelligence, Delhi [W.P. (CRL) No. 3770/2024], has underscored the importance of protecting the rights of individuals during arrest.

The Legal Importance of Partnership Deed for Tax Compliance

Ishita Ramani 22 January 2025 at 08:46

A Partnership Deed is a crucial file in any partnership business. It outlines the rights and obligations of every associate and provides a clear way for the business to function.

Allahabad High Court Quashes GST Demand for Lack of Personal Hearing

CA Naveen Panwar 22 January 2025 at 08:46

In a significant judgment, the Allahabad High Court has set aside a Goods and Services Tax (GST) demand order due to the absence of a personal hearing, reaffirming the principles of natural justice in taxation matters.

My Expectations from Budget 2025 in regard to Income Tax

CA Aman Rajput 22 January 2025 at 08:46

On 1st February 2025, we expect this Union Budget 2025 will bring several amendments to the Income-tax Act, 1961, aiming to simplify provisions, reduce compliance burdens, and ensure equitable taxation.

Note on Offering of Co-Investment Opportunities through a Co-Investing Portfolio Managers (AIF)

Affluence Advisory 22 January 2025 at 08:46

On 9th November 2021 Securities and Exchange Board of India("SEBI") has notified amendments to Securities and Exchange Board of India (Alternative Investment Funds) Regulations 2012 ("SEBI AIF REGS") and Securities and Exchange Board of India (Portfolio Managers) Regulations 2020

Tax Implications on purchase and sale of Immovable Property

CA.Sangam Aggarwal 22 January 2025 at 08:45

The purchase of immovable property is not just a strategic investment but also a transaction laden with tax implications under various provisions of the Income Tax Act, 1961.

Important Changes in GST from 16th January 2025

CA Umesh Sharma 21 January 2025 at 08:43

The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let's break down the key important notifications point by point.