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Archive: February, 2021

Posts in February, 2021

Know more about QRMP scheme & how to furnish details in IFF

February 19, 2021 3318 Views 0 comment Print

Know more about “QRMP scheme and how to furnish details in IFF” and Answers to Frequently Asked Questions 1. Invoice Furnishing Facility (IFF) is an optional facility made available as per Rule 59(2) of the CGST Rules, 2017. This is provided for those quarterly taxpayers who want to pass on input tax credit (ITC) to […]

How to get a lower interest rate on a Personal Loan?

February 19, 2021 2844 Views 4 comments Print

Financial emergencies come without warning. And the best way to tackle such an urgent financial need is to avail of a low-interest personal loan. From funding your child’s education to booking your ultimate dream holiday, a personal loan will help you fulfill your needs.

If assessee given clean chit after SCN, respective authority may be requested to consider extension of Export Obligation period

February 19, 2021 1929 Views 0 comment Print

If assessee was given a clean chit in the proceedings of the show cause notice, it might request the concerned authority to consider the case of extending the Export Obligation period which had been suspended presently and it would be for the authority to consider such a request at an appropriate time, if the factual circumstances based on the substantive material eventually tilt in favour of assessee.

Self-certification of GST annual return & reconciliation statement post Budget 2021

February 19, 2021 9759 Views 0 comment Print

The Union Budget 2021 has come up with important amendments with regard to the filing of annual return and reconciliation statement under Goods and Services Tax (i.e., GST). As per the amendment, GST annual return and reconciliation statement can be submitted on a self-certification basis. Accordingly, post Budget approval, certification of chartered accountant/ cost accountant […]

How to make use of a home loan EMI calculator

February 19, 2021 4092 Views 0 comment Print

A home loan is one of the most popular ways for young homeowners to own homes. With the soaring costs of houses across the country, a home loan is the best way for people to buy their dream homes.

CAIT demands investigation of Cloudtail & Appario Retail working on Amazon marketplace

February 19, 2021 2034 Views 0 comment Print

Confederation of All India Traders (CAIT) has written a letter to Shri Piyush Goyal, Hon’ble Minister for Commerce and Request for point wise investigation against Cloudtail India Limited (Company of  Mr Narayan Murthy ) and Appario Retail (P) Limited which are joint ventures with Amazon India Limited. CAIT also accused some Banks of helping Amazon […]

Exposure Draft of Annual Improvements to Ind AS (2021)

February 19, 2021 2550 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Annual Improvements to Ind AS (2021) issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft – Reference to Conceptual Framework -Amendments to Ind AS 103

February 19, 2021 993 Views 0 comment Print

Following is the Exposure Draft of the Amendments to Ind AS 103, Business Combinations, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft of Property, Plant and Equipment: Proceeds before Intended Use

February 19, 2021 1383 Views 0 comment Print

Following is the Exposure Draft of proposed Amendments to Ind AS 16, Property, Plant and Equipments, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

Exposure Draft – Onerous Contracts– Cost of Fulfilling a Contract

February 19, 2021 1377 Views 0 comment Print

Following is the Exposure Draft of the proposed Amendments to Ind AS 37, Provisions, Contingent Liabilities and Contingent Assets, issued by the Accounting Standards Board (the Board) of the Institute of Chartered Accountants of India for comments.

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