My Articles

Brief note on Corporate Social Responsibility under Companies Act, 2013 Section 135: Corporate Social Responsibility 1. Every Company having &n...

  Background   The Black Money (Undisclosed Foreign Income and Assets) And Imposition Of Tax Act, 2015 provides for separate taxation o...

Brief Background   Generally when people are advised to do investment planning or think about starting an investment, they feel investment me...

Back Ground:   Companies Act, 2013 introduced new form of Company called One Person Company. Under the Companies Act, 1956 every person who wa...

Preface:   It is always a debate whether to hire a Chartered Accountant or a consultant for renders service to a client. Mostly, the client is ...

Rules for Tax Invoice, Credit Note and Debit Note under GST 1.Tax invoice   Subject to rule 7, a tax invoice referred to in section 31 shal...

Determination of Value of Supply   Value of supply of goods or services where the consideration is not wholly in money Where the supply...

Refund under GST Law 1. Application for refund of tax, interest, penalty, fees or any other amount (1) Any person, except the persons cover...

1. Documentary requirements and conditions for claiming input tax credit (1) The input tax credit shall be availed by a registered person, includin...

GST on Import   The import of goods has been defined in the IGST Act, 2017 as bringing goods into India from a place outside India. All imports...

GST on Import   The import of goods has been defined in the IGST Act, 2017 as bringing goods into India from a place outside India. All imports...

1. General provisions Notwithstanding anything contained elsewhere in the Act and until specifically so or otherwise prescribed or notified or don...

  Guidance Note for Importers and Exporters under GST I. Introduction: The purpose of this guidance note is to bring clarity about the impac...

Note on GST Sahaj Form   Taxpayers opting to file quarterly return as ‘Sahaj’ shall be allowed to declare outward supply under B2...

Section 2: Applicability of Insolvency and Bankruptcy Code to Individual Guarantor of Corporate Debtor The section 2 has been amended and now the p...

Launch of GSTR-2B for the month of July 2020   The GST Council, in its 39th meeting held on 14t...

  Preface: The new scheme of face-less, jurisdiction-less and paper less e-Assessment 2019 has been notified by the Ministry of Finance vide ...

e-Assessment Procedure under Income Tax Act, 1961 The main procedure for e-Assessment under new scheme of face-less, jurisdiction-less and paper le...

Disclosure requirement under Revised Schedule III of the Companies Act, 2013 Schedule III of the Companies Act, 2013 amended and w.e.f. 01/...

The Companies (Auditor's Report) Order, 2020 This Order may be called the Companies (Auditor's Report) Order, 2020. (2) It shall apply ...

The integration of Artificial Intelligence (AI) into the Chartered Accountancy profession is ushering in a new era of efficiency, accuracy, and strate...