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Articles by CA Prakash Sajnani

Crude Downslide - Why are the Oil Cos Still Bleeding

Posted by CA Prakash Sajnani 04 February 2015 11108 Views

With the quarter 03 balance sheets of the many Oil marketing companies being on the verge of finalization the expectation of the General Public is that the Oil Marketing Companies (OMCs) also known as the downstream companies will make substan

An Insight - Mandatory Pre Deposit

Posted by CA Prakash Sajnani 31 January 2015 11720 Views

Finance Bill (No.2) 2014 has vide Clause 98 has proposed an amendment in Section 35F of Central Excise Act that the appeal against an Order passed by lower authorities will not be entertained unless the appellant has made a pre-deposit of 7.5 per cen

Variable Interest Rates - Service Tax

Posted by CA Prakash Sajnani 28 January 2015 14776 Views

Variable Rates of Interest for Delayed Payment of Service Tax Prescribed By Notification No. 12/2014-ST Dated 11-7-2014:- To encourage prompt payment of Service tax, new interest rates on delayed payments under Section 75 of the Finance Act, 1994, wh