Articles by Yash Goyal

Customs Valuation - Significant amendments in SVB procedures

Posted by Yash Goyal 15 February 2016 13856 Views

Dear readers,There has been a significant change in the import procedure to be followed in case of imports from related parties. I have discussed the said change in this article. Trust the same is useful for reference. Customs Valuation - Significant

No cenvat credit to a job worker manufacturer?

Posted by Yash Goyal 08 October 2015 46972 Views

Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby

Cash discount under Excise valuation - SC Judgement and its analysis

Posted by Yash Goyal 08 September 2015 28985 Views

Dear All,In this article, I have discussed a recent judgement of the Supreme court and also shared my views / confusion in regards to the same. Request the readers to express their valuable views in this regard. Introduction:It is a common industry p

Developments in the new registration procedure under MVAT

Posted by Yash Goyal 18 August 2015 6177 Views

Dear All,The procedure for obtaining new registration under the MVAT Act was amended vide circular 5T of 2015. For a gist of the new procedure please visit the below link.http://www.caclubindia.com/articles/new-procedure-for-registration-under-mvat-2

New procedure for verification and scrutiny of ST returns

Posted by Yash Goyal 30 July 2015 11933 Views

Dear All,The CBEC vide its circular no 185/4/2015 dated 30th June 2015 has revised the procedure for scrutiny of the service tax returns. This is a step towards ensuring whether the self-assessment carried out by the assessees is in line with the pr

Accounting as per AS 11 - A Special Case

Posted by Yash Goyal 11 July 2015 49755 Views

Facts of the CaseA foreign currency loan has been obtained by the company for financing Plant & Machinery, a depreciable fixed asset. The principal portion of the said loan is fully secured by entering into twelve forward contracts for the instal

New procedure for registration under MVAT

Posted by Yash Goyal 18 May 2015 26913 Views

Dear All, The Department of Maharashtra has taken initiatives for simplifying the procedure of registration under MVAT, CST, PTEC and PTRC. Key points of the new procedure are as follows. A single online application is required to be made for registr