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1. GST Revenue collection for December 2020 recorded all time high since implementation of GST - News

2. Guidance Notes on Implementation of Reporting Requirements under Rules 114F to 114H of the Income -Tax Rules - Circular

3. ICAI guidance notes on XBRL certification.

4. GST evasion - Suspension and cancellation of importer exporter code (IEC) Number - It is trite that when a law requires a thing to be done in a particular manner, it has...

5. The Advance Ruling Authority in Tamil Nadu addressed the liability of an exporter (M/s. DCW Ltd.) under Reverse Charge Mechanism (RCM) to pay GST on export freight on...

6. Implementation of Tax Deduction at Source (TDS) under GST

7. Can an exporter of goods opt to pay tax under composition scheme under GST?

8. Relaxation in return filing procedure for first two months of GST implementation

9. Revenue recognition - Acceptability of correct method of accounting as per accounting standard and revised guidance note - As stated earlier the Accounting standards and...

10. Can an Importer of goods or services opt to pay tax under composition scheme under GST?

11. Levy of GST on issuance of credit note as “cash discount” - Since the amount received in the form of credit note is actually a discount and not a supply by the applicant...

12. Claim of deduction - lease equalization charge - After referring to the Guidance Note on Accounting for Leases, revised in the year 1995, Supreme Court held that method...

13. Rejection of books of accounts - recognition of income - Development of housing project - assessee has not followed percentage completion method as per the Guidance Note...

14. Allowable business expenditure u/s 37 - AO was in error in taking all the selling and market expenses to WIP ignoring the guidance note of ICAI as regards accounts of...

15. Revenue recognition as per AS-7 - guidance note was issued in 2012 and could not have been the basis for the additions made. Under such circumstances, in our opinion,...