Cosmos AI models are a family of large language models (LLMs) developed by NVIDIA. They are designed to be world foundation models, meaning they can generate realistic and physics-aware simulations of the world. This makes them particularly useful for applications in robotics, autonomous vehicles, and other areas where understanding and interacting with the physical world… Read More »
How to use ChatGPT on Whatsapp Because OpenAI does not provide an official, direct WhatsApp application, the easiest method for regular users is using verified external platforms. To begin, you’ll need to scan a QR code attached in the image below. This QR code is also available on OpenAI’s official website. Once you scan it,… Read More »
Analysis of Section 16(5) and Section 16(6) of CGST Act 2017 Inserted by the Finance (No. 2) Act, 2024, w.r.e.f. 1-7-2017. [However Notification No. 17/2024(S.O. 4253(E))-Central Tax, dated 27-9-2024 appoints 27-9-2024, as the date of enforcement] Let’s analyze the provisions of Section 16(5) and 16(6) of the CGST Act, as inserted by the Finance (No. 2) Act,… Read More »
Key Summary of Notification No 22/2024–CENTRAL TAX Dated 8th Oct 2024 NOTIFICATION NO. 22/2024–CENTRAL TAX [S.O. 4373(E)/F. NO. CBIC-20006/20/2023-GST], DATED 8-10-2024 This notification outlines a special procedure for rectifying orders issued under Sections 73, 74, 107, or 108 of the Central Goods and Services Tax (CGST) Act, 2017. Key Points: Applies to specific cases: This procedure applies only… Read More »
Sub: Enabling filing of Application for Rectification as per Notn. 22/2024-CT, dtd. 08/10/24, 2024 Jan 7th, 2025 The Central Government, on the recommendations of the 54th GST Council, had issued Notification No. 22/2024 – CT dated 08.10.2024 and notified that any registered person against whom any order confirming demand for wrong availment of ITC, on account of… Read More »
Accounting Standards Board The Institute of Chartered Accountants of India 6th January, 2025 Exposure Draft of Ind AS 118, Presentation and Disclosure in Financial Statements As you are kindly aware that the Indian Accounting Standards (Ind AS) are based on the IFRS Accounting Standards issued by the International Accounting Standards Board (IASB). In this regard, it… Read More »
Knowledge Corner DECEMBER 2024 BY ICAI Insolvency & Valuation Standards Board Download Click here
Post Qualification Course on Information System Audit ISA 3.0 “Patna, Salem, Hyderabad, Kanpur, Kozhikode, Chennai, Chittorgarh, Chhatrapati Sambhajinagar (Aurangabad)” By: Digital Accounting and Assurance Board Please contribute to the collective growth and empowerment of the CA Profession. Share your knowledge, skills and experiences with ICAI Students. Register for Each One Teach One Portal with details… Read More »
Digital VAT refund system for tourists in UAE UAE Launches Digital VAT Refund System for Tourists: The Federal Tax Authority (FTA) in the UAE has introduced a new digital system for tourists to claim VAT refunds on their purchases. Streamlined Refund Process: This system aims to simplify the refund process by allowing tourists to apply… Read More »
Single, consolidated Show Cause Notice (SCN) can be issued in GST for multiple time periods under the CGST Act. Key Point: The High Court has ruled that there is no legal barrier preventing the issuance of a single, consolidated Show Cause Notice (SCN) for multiple time periods under the CGST Act. Implication: Tax authorities can… Read More »