Highlights of BARACK OBAMA's INDIA Visit
Posted Date : 29-Jan-2015 , 03:32:01 pm | Posted By
Jatin Kumar
Barack Obama's India Visit Barack Obama visited India from 25-27 January 2015. Highlights of the Visit Modi and Obama pledged to translate their commitment of "Chalein Saath Saath”: "Forward Together We Go" into action through "Sanjha Prayaas; Sab Ka Vikaas": "Shared Effort; Progress For Al...
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Category : General |
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Cenvat credit cannot be denied by holding that the activity is not 'manufacture', when the Department had accepted the Excise duty liability on final products
Posted Date : 29-Jan-2015 , 02:41:14 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Cenvat credit cannot be denied by holding that the activity is not 'manufacture', when the Department had accepted the Excise duty liability on final products We are sharing with you an important judgment of Hon’ble CESTAT, Mumbai, in the case of Foam Techniques ...
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Category : Excise |
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Posted Date : 28-Jan-2015 , 12:27:33 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, “Where Stay application against the Order sanctioning refund claim has been rejected, there is no reason for the Revenue to stop refund” We are sharing with you an important judgment of Hon’ble High Court, Karnataka, in the case of Madura Coats (P.) L...
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Category : Service Tax |
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COMPANY REGISTRATION PROCESS FOR NON RESIDENT INDIAN (NRI
Posted Date : 25-Jan-2015 , 03:08:40 pm | Posted By
Paras Mehra
With over 20 million in population and with investment size of over US$4000 million in last 10 years, NRI plays an important role in Indian Growth history. NRI are those individuals who are the citizen of India but are resident outside India. We often overlook the term NR with NRI. However, both the...
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Category : FEMA |
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Official Liquidator is a dealer, liable to pay Sales tax: Supreme Court
Posted Date : 23-Jan-2015 , 12:44:58 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Official Liquidator is a dealer, liable to pay Sales tax: Supreme Court We are sharing with you an important judgment of Hon’ble Supreme Court, in the case of Assistant Commissioner, Ernakulum Vs. Hindustan Urban Infrastructure Ltd And Ors [2015-TIOL-06-SC-CT] on...
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Category : VAT |
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Posted Date : 21-Jan-2015 , 02:55:25 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, “Audit initiated against service recipient cannot be a ground to reject VCES declaration of the Assessee” We are sharing with you an important judgment of Hon’ble High Court, Madras, in the case of Ovieya Builders Vs. Commissioner of Customs, Central ...
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Category : Service Tax |
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No Service tax leviable on Chit Fund business even after June 1, 2007
Posted Date : 20-Jan-2015 , 04:17:45 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, No Service tax leviable on Chit Fund business even after June 1, 2007 – SC dismisses SLP against Order of the Hon’ble AP High Court We are sharing with you an important judgment of Hon’ble Supreme Court, in the case of Union of India Vs. Andhra Prades...
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Category : Service Tax |
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ROC FORM AOC - 5 - NOTICE OF ADDRESS AT WHICH BOOKS OF ACCOUNT ARE KEPT
Posted Date : 20-Jan-2015 , 03:42:56 pm | Posted By
Soniya
MCA introduces e-Form AOC – 5 for intimating place of maintenance of books of accounts w.e.f. January 17,2015. According to Section 128 of the Companies Act, 2013 every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial s...
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Category : Corporate Law |
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WORD OF MOTIVATION TO START AGAIN FOR NEXT CA EXAM
Posted Date : 19-Jan-2015 , 05:21:43 pm | Posted By
Soniya
Ca Final and CPT results are just declared, some has passed and some could not make it, I am here to motivate and let you all get started again, it’s time to sort out where you lack behind, it’s time to analyse your result, to understand the gap between efforts you had putted and what's ...
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Category : Students Zone |
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Income tax Provisions on Acceptance of Loan / Deposit
Posted Date : 16-Jan-2015 , 05:25:42 pm | Posted By
Soniya
Applicability:
Company including LLP ( Limited Liability Partnership) ,
HUF
Individual including Salaried Person
Partnership firm
An Association of persons or a body of Individuals, whether incorporated or not
Local authority.
Non - Applicability:
Loan or Deposi...
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Category : Income Tax |
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Posted Date : 16-Jan-2015 , 01:21:46 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Imposition of penalty under Section 77 and 78 of the Finance Act, 1994 when penalty under Section 76 thereof was waived off We are sharing with you an important judgment of Hon’ble CESTAT, Mumbai, in the case of Garodia Special Steels Ltd Vs. Commissioner of Cent...
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Category : Service Tax |
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'Pleading, a ground of appeal' which appears to root of jurisdiction can be raised for first time before Commissioner (Appeals)
Posted Date : 12-Jan-2015 , 05:16:52 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, 'Pleading, a ground of appeal' which appears to root of jurisdiction can be raised for first time before Commissioner (Appeals) We are sharing with you an important judgment of Hon’ble CESTAT, Delhi, in the case of Astron Polymers (P.) Ltd. Vs. Commissioner of Ce...
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Category : Service Tax |
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No appeal would lie before the Hon
Posted Date : 10-Jan-2015 , 04:21:09 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, No appeal would lie before the Hon’ble Supreme Court on factual findings of the Tribunal We are sharing with you an important judgment of Hon’ble Supreme Court, in the case of Commissioner of Central Excise Vs. Koya & Company Construction (Pvt.) Ltd. [(...
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Category : Excise |
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Amended Cost Records and Audit Rules
Posted Date : 09-Jan-2015 , 01:51:52 pm | Posted By
Vivek Parakh
Ammendment in Companies (Cost Records and Audit) Rules, 2014 Salient Features
The Companies are required to maintain Cost Records if turnover exceeds Rs. 35 crores or more during immediately preceding Financial Year in respect of the products and services specified.
The New Cost Au...
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Category : Corporate Law |
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CAATs : An Innovative for CAs to go Technological
Posted Date : 08-Jan-2015 , 01:36:27 pm | Posted By
Anmol Goyal
Computers have invaded every sphere of life to such an extent that it is said even criminals need IT skills. Undeniably, in a world of exponentially increasing information, people lack the speed and accuracy of a computer's complex data processing capabilities. Regardless of their speed and capabili...
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Category : General |
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No question of limitation arise when application filed after a long time for persuasion of sanctioned refund claim
Posted Date : 08-Jan-2015 , 01:06:17 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, No question of limitation arise when application filed after a long time for persuasion of sanctioned refund claim We are sharing with you an important judgment of Hon’ble High Court, Madras in the case of Commissioner of Customs Vs. SPIC Ltd. [2014 (12) TMI 1121...
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Category : Custom |
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Section 138 of The Companies Act, 2013 (Internal Audit)
Posted Date : 08-Jan-2015 , 11:07:01 am | Posted By
Anjana
Section 138: Internal Audit (Relevant Rule 13 of The Companies (Accounts) Rules, 2014)
Applicable to:
Listed Co. Unlisted public Co. having: i.Paid Up Sh. Capital >= 50 Cr. in preceding FY ii.Turnover >= 200 Cr. in preceding FY iii.O/S Loans from banks or P...
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Category : Corporate Law |
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Section 143 Powers & Duties of Auditor under Companies Act, 2013
Posted Date : 07-Jan-2015 , 03:57:50 pm | Posted By
Anjana
Section 143 Powers and Duties of auditors and auditing standards (Relevant Rule 11, 12, 13 of The Companies (Audit and Auditors) Rules, 2014)
Auditor have right to access – books of accounts and vouchers of the co. and all its subsidiaries, if any, in relation to Consolidation of F.st. - ...
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Category : Corporate Law |
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Services received by SEZ, if necessary, prior to commencement of authorized operations are also eligible for exemption/ refund
Posted Date : 06-Jan-2015 , 07:18:06 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Services received by SEZ, if necessary, prior to commencement of authorized operations are also eligible for exemption/ refund We are sharing with you an important judgement of the Hon’ble High Court, Gujarat in the case of Commissioner of Service Tax Vs. Zydus T...
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Category : Service Tax |
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Posted Date : 05-Jan-2015 , 05:14:54 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, “Sale of used cars is not subject to VAT under the Delhi Value Added Tax Act, 2004” We are sharing with you an important judgment of Hon’ble High Court, Delhi, in the case of Anand Decors and Others vs. Commissioner of Trade and Taxes, New Delhi [ST. ...
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Category : VAT |
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