Popular Articles

Transactions which require quoting of PAN

Posted by CA Bhawna Dua 06 December 2023 10788 Views

Not quoting of PAN attracts many penalties and also keeping of PAN more than one also attract penalty of Rs. 10,000 so before to enter into any transaction it must be understood that quoting of PAN is required in the following 18 Transactions and also it should be kept in mind that such a TDS can be claimed while filing the Income Tax Return of that relevant previous year.

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

Posted by CA Amit Harkhani 02 February 2021 10785 Views

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

Term Life Insurance Plan.....why?

Posted by Barots 26 October 2009 10783 Views

TERM LIFE INSURANCE PLANS…………… WHY? If you died tomorrow would your spouse or family have sufficient funds to pay the mortgage, pay off credit card debts or send the children to college? Have you taken enough life

GST Payable by ECO on Notified Services

Posted by CA Sachin Jain 19 March 2022 10783 Views

The Provisions w.r.t GST payable by ECO on Notified services are contained under Section 9(5) of CGST/SGST/UTGST Act. Similar Provisions are also contained under section 5(5) of IGST Act.

1% Additional Levy: Where is it heading us?

Posted by Pradeep Jain 04 September 2015 10783 Views

An article by:-CA. Pradeep JainCA. Preeti PariharSharad Bang Introduction:- Goods and Service Tax (GST) has been a topic of debate in the recent past. With the NDA government looking firm to bring in the GST, the members of Rajya Sabha still have a n

FAQ on view notices/orders and file reply to the issued notice in GST

Posted by Guest 27 April 2020 10783 Views

FAQ on view notices/orders and file reply to the issued notice in GST

The final frontier after IPCC

Posted by amit parakh 31 July 2015 10782 Views

I am sure by the time this piece is there for you to read, the IPCC results would be out. And some of my �warrior� students must have won the battle. It is only �inter�, the �final� battle is yet to be fought and

Exposure Draft of New Lease Accounting Standard

Posted by Vinod Kothari 21 August 2010 10781 Views

Exposure draft on Lease Accounting The end of finance-operating lease distinction All leases to come on the balance sheet Vinod Kothari It has been for several years (14 years approx) that the G4 +1 approach to lease accounting, linked to Aust

Give your mind the creative kick (that it badly needs)

Posted by Rohit Jain 15 June 2015 10779 Views

�Tere bina kick mujhe milti nahi� is the lyric from the popular Salman khan movie �Kick� released in 2014. The reference to a kick in that movie is different from what we need in our life. Kick in our sense means a spark, a jo

Composite contracts - Service Tax leviable on service element

Posted by MONISH BHALLA 28 May 2010 10779 Views

Strange are the ways Tribunals of this country behave, reversing judgments has been on a spree and this time it’s a seven year old CESTAT judgment in the Daelim Industrial Co. Ltd. vs. CCE, Vadodara (CEO 2003 CESTAT 14), which ruled the issue o