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Ca Raj Doshi

Latest Posts by Ca Raj Doshi

Redefining Auditing: The Secret Power of In-House Accountants & Auditors

October 30, 2023 855 Views 0 comment Print

Discover how in-house accountants and auditors in India are reshaping financial practices with cost-efficiency, regulatory adaptability, and data security, explained by Mr. Raj Doshi, a Fellow CA.

Has LUT exports lost relevance? Why Merchant Exporters moving to IGST paid exports?

November 14, 2022 6852 Views 1 comment Print

Discover why LUT exports may be losing relevance for Merchant Exporters and why many are opting for IGST paid exports. Learn about the challenges, benefits, and a unique solution to enhance cash flow for exporters. Share with fellow exporters to revolutionize the way we approach international trade.

Accounting for Export Transactions of Goods – GST viz a viz AS AS 9 & 11

April 21, 2022 35442 Views 2 comments Print

This Article deals with the nuances of the GST framework for Export Trade viz a viz the challenges laid down while adhering to the Accounting Standard AS 9 – Revenue Recognition and 11 – The  Effects of Changes in Foreign Exchange Rates

Accounting for Import Transactions of Goods – GST viz a viz AS 11

May 2, 2021 69102 Views 3 comments Print

Accounting for Import Transactions of Goods – GST viz a viz Accounting Standard AS 11 This Article deals with the nuances of the GST framework for Import Trade viz a viz the challenges laid down while adhering to the Accounting Standard AS 11 – The  Effects of Changes in Foreign Exchange Rates Lets understand a […]

10 Advisory Points by a CA which are generally not followed by SMEs and Public at Large

May 1, 2021 3831 Views 2 comments Print

10 Advisory Points by a CA which are generally not followed by SMEs and Public at Large 1) GST ♦ Amendment of GST Registration – Updating all Place of Business, HSN and SAC Code of new products / services, Bank Accounts, Change in Management and Authorised Signatories ♦ Voluntary use of 8 digit HSN Codes […]

Section 234A Interest despite IT return due date extension

August 15, 2020 25578 Views 4 comments Print

Discover the implications of filing your IT return after the extended due date. Learn about the applicability of interest u/s 234A and its impact on your tax liabilities.

Internal Audit/ Supervision – Why is it so Important ?

July 20, 2020 1977 Views 0 comment Print

Background Lets talk about a very general reality between a Client and their Statutory Auditors 1. Statutory Auditor would meet you personally Once in a year and have a look at your Accounts Quarterly if you are interested in paying Advance Tax 2. The Client would be sending the data for GST return filing on […]

ITR-4 SUGAM AY 2020-21 | Whether Books of Accounts REALLY not required to be maintained?

January 6, 2020 18987 Views 4 comments Print

ITR-4 SUGAM AY 2020-21 – Whether Books of Accounts are REALLY not required to be maintained? The CBDT welcomed the Professionals and Tax Payers in the New Year by notifying ITR-1 AND ITR-4 forms for AY 2020-21 (Notification G.S.R. 9(E) dated 3rd January 2020) ITR-4, popularly known as SUGAM is for assessees taking benefit of […]

Quarterly Filing of GSTR-1 Return: Is it really OPTIONAL?

December 26, 2019 35031 Views 1 comment Print

In the existing GST return filing system, dealers with Turnover up to Rs.1.5 crore in the previous year or anticipating turnover up to Rs.1.5 crore in the current financial year, are eligible to file their GSTR 1 – returns on a Quarterly basis. The due dates being 31st July, 31st October, 31st January, 30th April.

Maharashtra Profession Tax One Time Payment of Tax Scheme

April 4, 2019 101019 Views 21 comments Print

Maharashtra Profession tax OTPT Scheme-Summary and Practical Guide The Government Of Maharashtra vide Notification No. PFT.1218/C.R.52/Taxation-3 makes available an optional scheme for the payment of profession tax, in advance, for an enrolled person, under the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975. Summary of the Scheme and Practical Aspects as under […]

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