Popular Articles

Export condition fulfilled even if payment is received in Indian Rupees

Bimal Jain 30 May 2015 at 11:16

Dear Professional Colleague,Export condition fulfilled even if payment is received in Indian RupeesWe are sharing with you an important judgment of the Hon�ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of S

What is GST Annual Return or GST Audit?

Ashok Pitroda 13 October 2023 at 09:09

As per Rule 80 of the CGST Rules, 2017, every registered person liable to file annual return for every financial year is required to file the same on or before the 31st of December of the next financial year.

Life as an Articled Assistant

KAAPIL 31 October 2007 at 02:18

I am addressing to all the students who are or are going to become Articled Assistant. Remember, your life will start at office and this is the time to grab the opportunity to learn. There is a popular adage, "I wanted to learn but nobody taught me"

It's the time for foreign companies to read POEM

Koushik D C 25 January 2017 at 18:45

It's the time for foreign companies to read POEM

Employee Stock Option Scheme u/s 2 (37) of the Companies Act, 2013

CS CHARU VINAYAK 29 May 2019 at 15:29

Employee stock option scheme under section 2 (37) of the companies act , 2013 along with rule 12 of companies(share capital and debentures) rules , 2014

Whether Form 'C' should be made available to an assessee even after GST?

RENGARAJ R.K 23 August 2018 at 10:59

Introduction: On July 1, 2017, India ushered the Goods and Service Tax, the country�s biggest indirect tax reform since Independence and now GST has compl

Excise Duty on Jewellery - A Nightmare

Amrit Dalmia 27 May 2016 at 10:28

In this year�s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs]and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than s

Karniti Part 26:1st Step of March end, Prepare Comp. Balance

CA Umesh Sharma 07 March 2014 at 12:36

(March Ending Special Part 1)Take first feet, Prepare Comparative Balance Sheet Arjuna (fictional character): O Krishna, current Financial year is on verge of ending in the month of March. Government departments due to ma

No penalty can be levied merely on the basis of provisional assessment

Amit Bajaj 07 October 2014 at 10:36

Rajasthan High Court in a very important case namely ACTO vs Jain Hardware Stores has held that no penalty can be levied in the provisional assessment as for leving penalty definite findings and conclusions and many things have to be proved, therefor

Reversal of ITC attributable to exempt services simplified

Saurabh Maheshwari 26 February 2018 at 11:14

Reversal of ITC of inputs/input services/capital goods used for effecting exempt supplies or for non-business use Sec 17(2) of the CGST Act, 2017 provides that..