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Discussion on Value Added Tax, Karnataka

Posted by SANTHOSH. ASHOK 17 December 2015 29507 Views

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT. Haryana was the only State to introduce VAT w.e.f. 1-4-2003. About 21 States have introduced VAT (though in diluted form) w.e.f. 1-4-2005. These inclu

When can a sale of assets be considered as slump sale ?

Posted by Nilesh Shah 12 April 2008 29499 Views

Nilesh Shah writes:Cell: 92246-59941E mail: nilesh63@vsnl.comSlump sale is defined in sec 2(42C) of the Act.It means the transfer of one or more undertaking as a result of the sale for a lump sum consideration without values being assigned to the ind

Credit of Service Tax Pain in Case of Goods Transport Agency

Posted by praveen 25 May 2011 29481 Views

CREDIT OF SERVICE TAX PAID IN CASE OF GOODS TRANSPORT AGENCY It is a well known fact that Goods Transport Ag

IGST model in Goods & Service Tax (GST)

Posted by CA Sudhir Halakhandi 16 January 2015 29481 Views

GOODS AND SERVICE TAXTHE IGST MODEL IN GSTBY SUDHIR HALAKHANDI CA SUDHIR HALAKHANDIQ. What is IGST and how this will monitor the interstate trade of Goods in GST? Will IGST replace the existing CST? Please explain with suitable example.A new model is

Service Tax on Transportation by Education Institutions

Posted by CA RITUL PATWA 04 December 2015 29480 Views

Service Tax Department has initiated to issue Notices to the Education Institutions for charging Service Tax (retrospectively) on the Transportation Charges / Bus Fees charged by them from their Students, Staff or Faculty between the period from 01-0

RCM under GST updated till 1st Feb 2018

Posted by CA S K MISHRA 31 July 2018 29478 Views

In the normal course of business the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies,

Cenvat implication on Sales rejection

Posted by Venkatanarayana GM 17 October 2014 29477 Views

It is normal that, excise duty paid goods are received back into the factory on account of , not needed presently, rejected, etc.. As per Rule 16 of Central Excise Rules 2002, the Cenvat credit of excise duty paid on such goods returned can be avai

Director report under Companies Act, 2013

Posted by CS Divesh Goyal 20 April 2015 29475 Views

Report of Board of Directors should be ATTACHED to the Balance Sheet laid before the AGM. A directors report is intended to explain to shareholders, the companys affairs, including its subsidiaries and the nature and scope

MCA Form MSME-1 : Advantages and Disadvantages

Posted by CA Idris M K 22 August 2019 29466 Views

The Central Government vide notification number S.O.5622 (E), dated the 2nd November, 2018 has directed that all companies, who get supplies of goods or service...