Service Tax - Increase in time limit for availing Cenvat credit on Input services and Inputs
Posted Date : 06-Apr-2015 , 11:48:30 am | Posted By
CA Bimal Jain
Dear Professional Colleague, Increase in time limit for availing Cenvat credit on Input services and Inputs – Whether applicable on invoices issued prior to March 1, 2015? Till September 1, 2014, there was no time limit prescribed under the Cenvat Credit Rules, 2004 (“the Credit R...
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Category : Service Tax |
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Key Takeaways of the Foreign Trade Policy, 2015-2020
Posted Date : 03-Apr-2015 , 02:54:31 pm | Posted By
CA Bimal Jain
Foreign Trade Policy 2015-20 Unveiled: Aiming to nearly double India’s exports of goods and services to USD 900 billion by 2020 Commerce and Industry Minister Mrs. Nirmala Sitharaman unveiled the Prime Minister Mr. Narendra Modi-led government's new Foreign Trade Policy, 2015-2020 (“FTP...
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Category : International Business |
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Bank Audit with the help of Finacle
Posted Date : 03-Apr-2015 , 08:45:43 am | Posted By
Vimmi
The banking sector in India has developed tremendously after it adopted the Core Banking Solution (CBS). Finacle is also one of such CBS softwares developed by Infosys. Many nationalized banks such as Bank of Baroda, Bank of India, PNB, Union Bank of India and private bank such as ICICI are us...
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Category : Bank Branch Audit |
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Provision of Section 180(1) of Companies Act 2013
Posted Date : 02-Apr-2015 , 06:49:05 pm | Posted By
Csdiveshgoyal
PROVISION OF SECTION 180(1) OF COMPANIES ACT 2013
GOYAL DIVESH & ASSOCIATES,
Practicing Company Secretary
Let’s Start with Example of Section 180(1) (c) of the Companies Act, 2013 corresponds to section 293 of the companies Act, 1956 and the said section has been brought into effect fr...
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Category : Companies Act |
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Penalty Punishment on Auditors under Companies Act 2013
Posted Date : 02-Apr-2015 , 06:42:55 pm | Posted By
Csdiveshgoyal
PENALTY & PUNISHMENT ON AUDITORS
UNDER COMPANIES ACT, 2013
GOYAL DIVESH & ASSOCIATES, Practicing Company Secretary
Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then:
Penalty on Company...
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Category : Companies Act |
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Limit Chart under Companies Act 2013
Posted Date : 02-Apr-2015 , 06:34:41 pm | Posted By
Csdiveshgoyal
APPLICABLITY OF PROVISIONS UNDER COMPANIES ACT- 2013
GOYAL DIVESH & ASSOCIATES, Practicing
Company Secretary
Applicability of XBRL (Extensible Business Reporting):
General Circular No. 16/2012 Dated: 06.07.2014. Vide Companies (Filing of documents and forms in Exten...
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Category : Companies Act |
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Companies Act 2013 - Resolution Required to be files with ROC
Posted Date : 02-Apr-2015 , 06:21:31 pm | Posted By
Csdiveshgoyal
RESOLUTION REQUIRED TO BE FILED WITH ROC IN COMPANIES ACT 2013
GOYAL DIVESH & ASSOCIATES,
Practicing Company Secretary
ARE U MOVING TOWARD COMPOUNDING?
The Main Reason behind writing this article is “Are We Moving Toward Compounding?”
As per Section-117 of Comp...
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Category : Companies Act |
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Director Report- Companies Act 2013
Posted Date : 02-Apr-2015 , 06:15:57 pm | Posted By
Csdiveshgoyal
DIRECTOR REPORT COMPANIES ACT, 2013
GOYAL DIVESH & ASSOCIATES, Practicing Company Secretary
Report of Board of Directors should be ‘ATTACHED’ to the Balance Sheet laid before the AGM.
A directors’ report is intended to explain to shareholders, the company’s affair...
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Category : Companies Act |
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Compliance Checklist for small companies under Companies Act 2013
Posted Date : 02-Apr-2015 , 06:13:20 pm | Posted By
Csdiveshgoyal
COMPLIANCE CHECKLIST FOR SMALL COMPANY UNDER COMPANIES ACT 2013
There are two categories of Private Limited Company for compliances purpose:
Small Company
Non- Small Company
SMALL COMPANY:
Let’s first discuss what is Small Company:
INTRODUCTION:
The concept of “Sm...
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Category : Companies Act |
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Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later
Posted Date : 01-Apr-2015 , 06:34:39 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, New Service tax rate of 14% is not effective immediately and shall come into effect only from a date to be notified later: The Union Budget, 2015 has proposed an increase in the rate of Service tax from 12.36% to flat 14% with abolishment of Education cess and Sec...
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Category : Service Tax |
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Taxability of newly made
Posted Date : 31-Mar-2015 , 03:42:03 pm | Posted By
CA Bimal Jain
Taxability of newly made ‘taxable services’
The Finance Bill, 2015 vide Clause 107 has proposed certain amendments in the Negative List of services given under Section 66D of the Finance Act, 1994 (“the Finance Act”) thereby removing certain services from the Negative List...
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Category : Service Tax |
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Bank Branch Audit Fees admissible to the Auditors for Bank Branch Audits
Posted Date : 30-Mar-2015 , 06:46:30 pm | Posted By
CA.Khurana Vivek
The Schedule of Bank Branch Audit fees admissible to the auditors for the audit work of the branches, depending upon the quantum of advances (as on the date with reference to which audit is conducted) will be as under:- Category of branches according to &nbs...
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Category : Bank Branch Audit |
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AN ATTEMPT TO SIMPLIFY E-I E-II SALES UNDER CENTRAL SALES TAX LAW
Posted Date : 30-Mar-2015 , 09:02:00 am | Posted By
CA Vinod Kumar
AN ATTEMPT TO SIMPLIFY E-I E-II SALES UNDER CENTRAL SALES TAX LAW
What is E-I E-II Sales: Before starting this article is it is important to explain the meaning of E-I and E-II sales. As per CST law tax is levied at single point i.e. when the goods are sold from Haryana to Delhi then t...
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Category : Income Tax |
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Posted Date : 27-Mar-2015 , 12:44:24 pm | Posted By
CA Bimal Jain
Impact of Change of Service tax liability structure from partial reverse charge to full reverse charge on manpower Supply and Security Services in transition period
As Notification No. 30/2012-ST dated 20-06-2012 has been amended vide Notification No. 7/2015-ST dated 01-03-2015, there by shifting...
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Category : Service Tax |
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Budget Highlight-2015
Posted Date : 15-Mar-2015 , 10:24:45 am | Posted By
KANHAIYA JHA
BUDGET HIGHLIGHTS DIRECT TAXES
Wealth tax replaced with additional surcharge of 2per cent on super rich with a taxable income of over Rs.1crore annu...
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Category : Budget |
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Land Acquisition Amendment Bill, 2015 passed in Lok Sabha
Posted Date : 11-Mar-2015 , 10:33:54 am | Posted By
CA GOURAV MURARKA
The Lok Sabha on Tuesday passed the Land Acquisition Amendment Bill, 2015 by Voice Vote. Here are the six important facts you need to know:
(1) The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015 seeks to Amend the Ac...
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Category : General |
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Budget Analysis 2015-16
Posted Date : 10-Mar-2015 , 11:38:53 am | Posted By
CA ZAWAR KAVITA
Budget Analyssis 2015-16
DIRECT TAX PRAPOSAL
Section
With Effect From.
Provision
Particulars
Sec. 2 Cl(15)
01/04/15(Amendment)
Charitable Trust
1.‘YOGA’ can now be object of charitable trust 2. Business activity allowed to charitable t...
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Category : Budget |
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BUDGET SESSION AND GST, WILL TYRANNY OF OPPOSITION END ?
Posted Date : 08-Mar-2015 , 10:03:41 pm | Posted By
CA Vinod Kumar
BUDGET SESSION AND GST, WILL TYRANNY OF OPPOSITION END ?
Introduction:
Everyone including me is very optimistic about passage of GST Bill in both the houses of Parliament in this undergoing budget session of parliament which has started from 23 February 2015 with the President speech and ...
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Category : Service Tax |
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Peer Review benefits for Practicing CA Firms
Posted Date : 08-Mar-2015 , 08:07:45 pm | Posted By
Vimmi
We, the Chartered Accountants Fraternity, are all aware of the peer review process undertaken by the Peer Review Board of ICAI for the practicing member. With recent development in the reporting requirement of the financial statements, the peer review exercise helps the members of the profession at ...
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Category : Auditing |
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Judicial Rulings that prompted amendments by the Finance Bill, 2015
Posted Date : 08-Mar-2015 , 07:28:40 pm | Posted By
Vimmi
Judicial Rulings that prompted amendments by the Finance Bill, 2015
I. Section 32(1)(iia): Allowance of balance 50% additional depreciation
Proposed Amendment
It is proposed to amend Section 32(1)(iia) to provide that balance 50% of the additional depreciation on new plant or ma...
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Category : Income Tax |
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1 | Hits : 645 |
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