CAclubindia Articles

Provision for Inventory

kartik_somu 22 April 2013 at 11:15

Write down and do not write off Inventory Review of the Rule 3(5B) of Cenvat Credit Rules, 2004 Change of models, customer requirements, change of processes, poor inventory management can increase a businesss o

Prerequisites for drafting an effective Stay Application

ANIL KUMAR BEZAWADA 22 April 2013 at 11:15

As per Section 35F of Central Excise Act, 1944 if the assessee is aggrieved by decision of the Commissioner (Appeals) or by the Commissioner, he can file an appeal against such order befor

Basic Understanding of Service

Madhukar N Hiregange 19 April 2013 at 12:58

Introduction on Service Tax- Negative List, Levy of Service Tax, Exemption CA Madhukar N.Hiregange Introduction Service tax w

Importance of Company Secretary in the Organization

Manjit Banga 18 April 2013 at 13:55

A company secretarys role in a company is very important. Apart from acting as a link between the board of the organization and the various stakeholders, government and other regulatory authorities, he/she also carry out all the duties like m

Analysis | Domestic Transfer Pricing

Bhanu Prakash Rao 17 April 2013 at 12:38

Domestic Transfer pricing Widening of scope of Section 40A(2), Transfer Pricing regulations to apply to domestic transactions, (Applicable for the AY 2013-14) Under Section 40A(2) of Income Tax Act, 1961 in case of any transaction with a rela

Whether ST payable on erection of pandal or shamiana

Bimal Jain 17 April 2013 at 12:38

Whether Service Tax payable on service provided by way of erection of pandal or shamiana The Central Board of Excise and Customs (the CBEC) vide Circular No. 168/3/2013, dated April 15, 2013 has issued clarification on following issue

Is Gross receipt professional income of CA

Rupesh Srivastava 17 April 2013 at 12:38

On 12th April 2013 ITAT bench held that CA professional income, the service tax realised should have been included in the gross receipts unless paid to Government exchequer within the due date of filing of return. Further ITAT rejects assessee clai

Provisions relating to One Person Company

Rupesh Khokle 16 April 2013 at 12:57

Definition [Section 2 (62)] - One Person Company means a company which has only one person as a member. Formation of company & Memorandum [Section 3 & 4] - A person by subscribing to memorandum can form a company ca

Waiver of Interest and Penalty under Amnesty Scheme

Vishal 16 April 2013 at 12:57

Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation.

How to Maintain Positive Attitude

Member (Account Deleted) 16 April 2013 at 12:53

Is maintaining a positive attitude easier said than done? There are many times in our lives when putting on a smiley face is not easy and it may not even be what we want to do at that moment. Think of when someone annoys you and you feel anger ins