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
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
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
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
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
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
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
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
Under the erstwhile Income Tax Act, 1961, MAT was levied u/s. 115 JB on book profits. The idea of levying MAT on book profits was to ensure that the entity pays tax at least on book profits even though the tax payable by it under the Income Tax Act c
Sub Contractor: A subcontractor is hired by a general contractor (or prime contractor) to perform a specific task as part of the overall project. The most common concept of a subcontractor is in building works and civil engineering. The incentive to
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