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Articles by Vijay Kalia

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GST Pinpricks

  Vijay Kalia    22 September 2017 at 10:58

GST will have plethora of litigations on matters like classification. rate disputes, not ruling out disputes between the centre and states under the GST law.

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Posted in GST |   8271 Views


Tatas Spat: An Issue of Corporate Governance

  Vijay Kalia    01 December 2016 at 11:41

The spat between the two factions of Tata group companies should set precedent for corporate governance where the role of independent directors is suspect.

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Posted in Corporate Law |   2421 Views


CSR Under Companies Bill 2012

  Vijay Kalia    16 August 2013 at 12:16

CSR Under New Company Bill 2012: The Companies Bill 2011 was introduced in the month of December, 2011 in the Parliament and referred to Parliamentary Standing Committee on Finance which submitted its report in June, 2012 based on which the Bill of

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Posted in Corporate Law  4 comments |   19248 Views


Budget Expectations

  Vijay Kalia    28 February 2013 at 12:17

The expectations from the 2013 budget which require consideration of the FM are highlighted as follows though some of them look more radical and pointed but worth the salt: 1. The budget should aim at reducing fiscal deficit. The budget shoul

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Posted in Others  1 comments |   3591 Views


Our Role is circumscribed: Salute NFRA!

  Vijay Kalia    17 January 2013 at 13:40

I had the occasion to write sometimes back on this website in my articles Repot on Satyam Fiasco about the fact that we lost an opportunity in Satyam Computers fraud case as our re

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Posted in Audit  6 comments |   7770 Views


Great Expectations - Union Budget

  Vijay Kalia    16 March 2012 at 12:15

The budget is scheduled to be presented on 16TH the Friday and I expect some of the measures herein after detailed though the big ticket reforms in the form of DTC and GST are kept at bay. DTC (2010) the recommendat

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Posted in Others |   5589 Views


Manufacture by Job

  Vijay Kalia    14 March 2012 at 13:54

Manufacture by Job-worker Availing Exemption-Allowability of Cenvat Credit: The issue dealt herein is with respect to the availability of cenvat credit for inputs or input services to a job worker who utilizes such inputs for manufacture of goods

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Posted in Income Tax  2 comments |   10929 Views


Vodafone Review Needed

  Vijay Kalia    03 March 2012 at 13:31

VODAFONE: REVIEW NEEDED AT THE TOUCHSTONE OF MCDOWLL 5-JUDGE JUDGMENT In recent history of taxation the case of Vodafone International Holdings would always occupy a prominent place as the law laid down now would continue to hold their sway in mo

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Posted in Income Tax  9 comments |   9540 Views


Accounting Frauds

  Vijay Kalia    24 February 2012 at 12:04

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl

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Posted in Accounts  10 comments |   20400 Views


Report on Satyam Fiasco

  Vijay Kalia    30 August 2010 at 12:00

ICAI‘S SATYAM REPORT OF LITTLE USE – MCA DISMISSES- NEED WE BE COMPLACENTThe news is most disturbing and most of us seem to have taken it in their stride but being a senior member of the chartered accountant community, the news has shaken

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Posted in Audit  4 comments |   11727 Views