CAclubindia Articles

Joint Auditors (SA 299)

Posted by ibrahim 04 December 2015 76541 Views

SA 299 - Responsibilities of Joint AuditorsEffective from April 1, 1996.Joint Auditors: Practice of appointing more than one auditor to conduct the audit of large entities. Such auditors, known as Joint Auditors. Joint Auditors conduct audit jointly

Private Placement of Shares

Posted by CS AYUSH SUHIRID 03 December 2015 17175 Views

PRIVATE PLACEMENT OF SHARESWhat is Private Placement:Private Placement means any offer of securities or invitation to subscribe to securities to a select group of persons by a Company (other than by way of public offer) through issue of a private pla

Appointment of auditor in case of casual vacancy

Posted by CS Divesh Goyal 03 December 2015 218552 Views

REASONS FOR CASUAL VACANCY:There are two reasons of Casual Vacancy of Auditor: Casual Vacancy due to reason other than Resignation of Auditor. Casual Vacancy because of Resignation of Auditor Sectio

Admissibility of Swachh Bharat Cess as Cenvat Credit

Posted by VIKAS KHANDELWAL 03 December 2015 164506 Views

CBEC released a FAQ on 14.11.2015 which clarified that Swachh Bharat Cess (SBC) shall not be available as CENVAT Credit and liability of same cannot be discharged by utilizing CENVAT Credit. Q.14 of FAQ dealing with the issue is reproduced as under:

How do we clean up Vendor Master?

Posted by Tulasi S Sastri 03 December 2015 5364 Views

People who are familiar with ERP or Integrated Applications, experience this problem. In medium and large organizations, where such computerized systems are in use, general tendency is to add Vendors in the Master, and leave them there even if they a

Procedure for Delisting of Small Company

Posted by CS Manohar Mishra 03 December 2015 13642 Views

Procedure for Delisting of Small CompaniesMeaning of Delisting: One should understand the meaning of the term �listing� before understating the term Delisting. The word �listing� means admissions of a Company�s shares wi

How key sectors will be affected with GST rollout?

Posted by CA Neha Gupta 03 December 2015 16475 Views

Will food products become dearer? Will Land and Real estate be kept under GST? Will Service providers be happy with GST? How Manufacturers would be affected? What�s going to be in case of Wo

The Odisha Value Added Tax (Amendment) Act, 2015

Posted by CA.TARUN K AGARWALLA 03 December 2015 11937 Views

The Government of Odisha Vide its notification no 9848-I-Legis 5/2015-L dated 24th September 2015 has notified �THE ODISHA VALUE ADDED TAX (AMENDMENT) ACT, 2015, (Odisha Act 7 of 2015), an act to further amend �THE ODISHA VALU

Should India Be A Cash-Less Economy - An Analysis

Posted by CS Rahul Harsh 02 December 2015 15047 Views

The finance minister, in his last budget speech, talked about the idea of making India a cashless society, with the aim of curbing the flow of black money. In this Article we will discuss what exactly is a cashless economy? & How can we Achieve

Refunds w.r.t service exports under GST

Posted by Madhukar N Hiregange 02 December 2015 9257 Views

By CA Madhukar N Hiregange & Adv.K.S.Naveen Kumar Prelude: Export refunds are often a subject matter of dispute and bone of contention between the exporter and the tax department in the context of indirect taxes in India. While the policy of th