CAclubindia Articles

Wrong ITC Reporting Is Not Wrongful Availment but Supplier's Tax Default May Bar Credit

Posted by Raj Jaggi

10 November 2026 7 Views

Incorrect ITC Reporting and Supplier's Tax Default Have Different Legal ConsequencesInput Tax Credit (ITC) is an important feature of GST, but disputes often ar...

Diwali Gifts to Directors and KMPs: A Corporate Governance and Compliance Perspective

Posted by Priyanshi Garg

10 November 2026 23 Views

Understand the Companies Act, income tax and GST implications of gifts given to or received by directors and KMPs, including remuneration, disclosure requirements, conflicts of interest and corporate gifting policy.

Diwali Bonanza or Tax Burden? GST Implications on Corporate Gifts and Freebies

Posted by Priyanshi Garg

09 November 2026 95 Views

Understand the GST and Income Tax implications of Diwali gifts to employees, customers and business associates. Know the GST liability, ITC restrictions, ₹50,000 employee gift limit, TDS under Section 393 and key compliance requirements for businesses.

GSTR-9 vs GSTR-9C: Who Must File Annual GST Returns in 2026?

Posted by Poojitha Raam Vinay 07 November 2026 1843 Views

Every December the same question floods practitioner groups: "Do I file GSTR-9, GSTR-9C, or both?" It is the wrong question. The right one is: "Which turnover b...

CMA Data for a Bank Loan: Format, Forms II to VI and how to prepare it

Posted by Ankush 07 November 2026 138 Views

Learn how to prepare CMA data for bank loans and working capital limits. Explore all six CMA forms (I to VI), MPBF calculations, financial projections and a practical example with step-by-step guidance.

Duplicate Reporting in GSTR-1 Cannot Convert a Discharged Tax Liability into a Fresh Demand

Posted by Raj Jaggi

07 November 2026 66 Views

Duplicate reporting in GSTR-1 cannot create a fresh GST demand when tax liability has already been discharged. Understand the legal position, GST reconciliation and protection against double taxation.

How a bank reads your balance sheet before giving a loan

Posted by Ankush 06 November 2026 127 Views

Discover how banks analyse a balance sheet before approving a business loan. Understand key financial ratios, tangible net worth, liquidity, leverage and red flags that affect loan eligibility.

EDF Full Form: What Is It, How to Fill and Submit Online?

Posted by Ishwarya Keerthi B 06 November 2026 565 Views

The Export Declaration Form (EDF) is an important document used by exporters in India to declare the value of goods and services exported outside the country. I...

SEBI's Revised Accredited Investor Framework: Manager-Led Accreditation, a Rs 5 Crore Market Exposure Route and What It Means for You

Posted by Priyanshi Garg

09 November 2026 38 Views

SEBI revises Accredited Investor rules with manager-led verification, 3-year validity, new securities market exposure criteria and deemed accreditation for non-residents, effective 5 November 2026.

A New GST Registration Framework for E-Commerce Suppliers Without Physical Presence Takes Effect from 1st Nov 2026

Posted by Raj Jaggi

06 November 2026 128 Views

GST Rule 14B, effective 1 November 2026, allows eligible e-commerce suppliers to obtain GST registration in other states using approved platform warehouses without maintaining physical premises. Know the ₹2.5 lakh limit, eligibility and compliance requirements.