CAclubindia Articles

Effect of VAT and Service Tax on Restaurant Bills

CA. Ramya C 06 December 2014 at 12:14

Effect of VAT and Service Tax on Restaurant BillsThe Indian restaurant industry is worth Rs.75, 000 Crores and is growing at an annual rate of 7%. The industry is highly fragmented with 1.5 million eating outlets.We are so pleased with the food in su

Basic Provisions of Corporate Social Resposibility (CSR)

Sushil Kumar Shaokand 06 December 2014 at 12:12

Basic provisions related to CSR Policy Corporate Social Responsibility requirementsAs per the Companies Act, 2013, section 135, every company having: 1. Net worth of rupees five hundred crore or more, or2. Turnover of rupees one thousand crore or mor

Tribunal has no inherent power to put a condition for depositing an amount for adjudicating the case afresh

Bimal Jain 06 December 2014 at 12:12

Dear Professional Colleague,Tribunal has no inherent power to put a condition for depositing an amount for adjudicating the case afreshWe are sharing with you an important judgement of the Honble High Court, Andhra Pradesh, in the case of Maa

What to do after Exams? (Part -3)

SANYAM ARORA 05 December 2014 at 10:52

Greetings of the day to all the members of CCI Family. First of all I would like to thank every member of CCI who read and appreciated my last 2 parts. The link of them are given as under: What to do after Exams ? What

All about ITR-1 Sahaj

SANYAM ARORA 05 December 2014 at 10:52

Greetings of the day to all the members of CCI Family. I have written the following articles in the last one week, in case you have missed them you can check it out from here. Journey into stock market - BasicsJourney i

Threshold Exemption to SSP vide NN 33/2012-ST

CA. K S Chauhan 05 December 2014 at 10:52

Threshold Exemption to Small Service Providers under Notification No. 33/2012 - Service Tax Dt. 20/06/2012: CA. Kamlesh Singh ChauhanFCA, LL B, DISA(ICA)E-mail: k

Reverse charge and partial reverse charge mechanism in ST

CA. K S Chauhan 05 December 2014 at 10:51

REVERSE CHARGE AND PARTIAL REVERSE CHARGE MECHANISM IN SERVICE TAX CA. Kamlesh Singh ChauhanFCA, LL B, DISA(ICA)E-mail: ks_chauhans@yahoo.comMobile: +91 9839 094 094 Service Tax is levied under Section 66B[1] of the Finance Act, 1994 as amended up to

Value of materials not includible in the value of services

Bimal Jain 05 December 2014 at 10:51

Dear Professional Colleague,Value of materials not includible in the value of services where the Agreement quantifies the value of materials separately from the value of services renderedWe are sharing with you an important judgement of the Hon&rsquo

Draft exemption notifications on private limited company

CA Nitesh Kumar More 05 December 2014 at 10:50

1. Comments: In case of Private Ltd Companies, its holding, subsidiary or an associate company or other subsidiary of its holding company will not be treated as related party. Chapter I, sub-clause (viii) of clause (76) of section 2 shall not apply

Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity

Bimal Jain 04 December 2014 at 11:01

Dear Professional Colleague,Inputs lost during manufacturing does not amount to receipt of Inputs in short quantity and accordingly whatever tax has been paid by Assessee on Inward Transportation service is entitled for Input Service credit We are sh