CAclubindia Articles

Amendment for Cenvat on Building Material :Far from solution

Pradeep Jain 01 September 2009 at 14:29

In a manufacturing process, there are a lot of raw materials used to make a final product. The excise duty paid on the said raw materials or inputs used in manufacturing of final products are eligible as Cenvat credit under the Cenvat credit scheme.

Certificate of Commencement of Business: Procedural Analysis

Ankur Garg 01 September 2009 at 14:29

Dear Members, This Article is in continuation to my previous Article titled “PROCEDURES FOR INCORPORATION AND REGISTRATION OF COMPANIES”. Kindly excuse me if you fine any typing error. The date of incorporation of a company may not be th

GOODS AND SERVICE TAX -HOW AND WHY????

CA Sudhir Halakhandi 28 August 2009 at 23:42

GOODS AND SERVICE TAX: - HOW AND WHY??????- CA SUDHIR HALAKHANDIIn 2006 when the then Finance Minister Mr. P Chidambaram announced the intention of the Government to introduced Goods and Service Tax in India in 2010, the pronouncement was very simple

CENVAT credit on input service

Pavan Jain S 28 August 2009 at 12:22

CA Rajesh Bagrecha, FCA., DISA(ISA)CA Pavan Jain S, Bcom (TPP), ACA.Introduction: The concept of CENVAT credit was introduced with an intention to avoid cascading effect of taxes. The Central Value Added Tax [CENVAT] allows the credit of the duty pai

Why do Arbitration proceeding too gets delayed?

Durga Rao 27 August 2009 at 19:58

In order to address the issue of delay before Traditional Courts and in order to decrease the burden of courts, Alternative Dispute Resolution Mechanism was mooted and now everybody is aware of Arbitration proceedings. As everybody knows, Arbitratio

Cash Management: The role of the Internal Auditor

Vikas Kalyanshetty, ACA 27 August 2009 at 19:57

According to many industry experts the basic reason why many successful companies have collapsed is improper cash management. Having surplus cash in the current accounts are considered as a sign of efficiency of the companies but sitting on such larg

Problems in registration of LLP

Arjun Mahadevan 27 August 2009 at 19:57

Dear Friends,So everyone is under the impression that incorporating an LLP is no big deal. Now I will express my views on the experience of my client in getting his LLP registered.After getting DPIN for himself and his 2nd partner, which also involve

Catering Services

Madhukar N Hiregange 27 August 2009 at 19:56

Outdoor Catering ServiceBy CA. Madhukar N Hiregange& CA.Srikantha Rao TIn this article we examine the taxable service category of Outdoor catering in terms of the definition, the activities liable and the issues which arise in seeking to tax this cat

SSI Exemption

Madhukar N Hiregange 27 August 2009 at 19:56

CENTRAL EXCISE - SMALL SCALE INDUSTRIES By Madhukar N Hiregange (DISA, FCA)& Srikantha Rao T (B.Com, ACA) A manufacturer who manufactures excisable goods in India is liable to pay Central Excise duty on such goods. The duty is collected on clear

Beta of Stocks

Venkat Rao Marella 26 August 2009 at 12:37

What is Beta of Stock / Security?Whether a person is an experienced investor or just someone who is trying to put some money away for retirement, knowing the stock beta in relationship to the current market conditions can minimize risk and increase p