CAclubindia Articles

Scrapping the Apex Court decision on Scrap

Pradeep Jain 07 November 2009 at 11:13

Introduction: - The Central Excise duty is leviable on the process of "manufacture". Any process that brings a new article into existence with different name, character and use is known as manufacturing activity. For levying duty on any article it mu

Don't fret, here's your eight-fold path to Service tax nirvana

MONISH BHALLA 07 November 2009 at 11:12

If you forget these eight norms, you can land into Service Tax litigations In the course of providing a Taxable Service, we incur reimbursable expenditures such as travelling and boarding expenses, postage, telephone, etc., and

VOUCHING IS THE ESSENCE OF AUDITING

Member (Account Deleted) 05 November 2009 at 19:49

VOUCHING IS THE ESSENCE OF AUDITINGVouching is said to be the very essence of auditing. The whole success of an audit depends on the intelligence and thoroughness with which this part of the work is done.Vouching means the verification of entries in

ACES faces many hurdles

MONISH BHALLA 04 November 2009 at 16:23

It is an online service to dispense with paper work in matters pertaining to Central Excise and Service tax.Fast, safe and reliable services are today sought by every person. But this can sometimes also be a cause for trouble for him. The Automation

Johnny and Service Tax Refund Part - III

Pradeep Jain 02 November 2009 at 14:28

Johnny and Service Tax Refund Part - III

DEPRECIATION - A SOURCE OF FUND OR NOT

Member (Account Deleted) 30 October 2009 at 14:09

DEPRECIATION – A SOURCE OF FUND OR NOTv Arguments in favour of considering it as a source of fund1. Depreciation is considered as an expired cost. It is included within cost of goods sold. It is an allocated cost which is realised when go

TIPS FOR DECIDING WHETHER TO GO FOR SELF STUDY

CA CS CIMA Prakash Somani 30 October 2009 at 13:56

!! Shree Ganeshay Namah !!TIPS FOR DECIDING WHETHER TO GO FOR SELF STUDY1. First & foremost thing which you need to keep in mind is to keep out the thought that Coaching goers are better then those who do Self Study. My friend cleared in fir

How to file return in ACES- Part-II

Pradeep Jain 28 October 2009 at 10:41

The mail which we have received from the ACES system contains the TPIN and Password and with the help of that TPIN link we have successfully generated our own user ID and password. Now it's time to do act online like: view case portfolio, file the re

How to file return in ACES- Part-I

Pradeep Jain 28 October 2009 at 10:40

The word automation has its own pros n cons. Anyone have some different imagination of this word. What, why, how, to whom and so many doubt come to their mind. All of sudden this word is on everyones tongue. Automation, Automation, Automation, after

The dangerous side of stimulus...

Equitymaster 28 October 2009 at 10:40

Stimulus packages have been the magic wand that almost every government and central bank has waved since the beginning of the financial crisis last year. Most are still wary of withdrawing the same lest their GDP growth trajectory gets derailed and i