CAclubindia Articles

CBEC clarification on availment of Cenvat credit

Posted by Bimal Jain 20 November 2014 30899 Views

Dear Professional Colleague,CBEC clarification regarding availment of Cenvat credit on Inputs/ Input Services after six monthsBackground:The CBEC vide Notification No. 21/2014-CE (NT), dated July 11, 2014 (Applicable w.e.f September 1, 2014) [

The Hare Could Win Here !!

Posted by Prof. Bajaj 19 November 2014 23074 Views

This is the story of 2 friends viz Amar and Rakesh. Both were from middle-income family backgrounds. Both joined same company at the same salary level of around Rs. 23,000 p.m.We all have heard the story of a hare and tortoise wherein the hare was fa

How do Internal Controls manifest in an Organization?

Posted by Tulasi S Sastri 19 November 2014 46197 Views

In my last article, “Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor?”, released through this medium on 11th November 2014, some of the key words used were, Orderly and Effici

Meaning of Debit Note & Credit Note

Posted by Ankur Dudani 19 November 2014 925366 Views

#!,This Article contains Detainled Information about Debit Note & Credit NoteDebit note is a note sent by one party to another informing him that his account is debited in the sender's book.e.g. P (Purchaser) Purchased goods from S (Seller)

Advocates alone are entitled to Practice, Plead and Act before the revenue authorities

Posted by BSKRAO 19 November 2014 39992 Views

(1) When the Deptt. is taking so much of security measure for e-filing of tax returns through only Assesses Digital Signature Certificates etc., person filing the return in the capacity of Individual, HUF and Artificial Juridical Person should only a

Service tax on Restaurants and Hotels

Posted by Bimal Jain 17 November 2014 47236 Views

Dear Professional Colleague,Service tax on Restaurants and Hotels - We are sharing with you an important judgment of Division Bench of the Hon’ble Kerala High Court in the case of Union of India and Others Vs. Kerala Bar Hotels Association and

You decide importance of Majority and resolutions in your business

Posted by CA Umesh Sharma 17 November 2014 12496 Views

Karniti part 63You decide importance of Majority and Resolutions in your BusinessArjuna (Fictional Character): Krishna, In Maharashtra State discussion on proving Majority and resolution for proving trust in Government is going on. Its for the

The Row over Constitutional Validity of Service Tax on Restaurant Services

Posted by CA.Manindar Kakarla 17 November 2014 15998 Views

Introduction:Constitutional validity of service tax levy on restaurant services has turned out to be one of the contentious issues. This issue has its origin somewhere in early

Yahan aisa hi hota hai (Monkey see, monkey do)

Posted by CA Nayan Gupta 17 November 2014 24633 Views

I have recently joined Industrial Training in one of the companies in Gurgaon. I joined in between a month so at the time of calculation of first stipend, I found something wrong. As per me the amount of stipend should have been calculated for 22 day