dear all can any one tell me the best book for financial reporting paper 1 of ca final for self study and which one is best paduka or mp vijaykumar thx

I'm an imported Coal supplier with Business established in Chennai, Tamilnadu. We buy Coal from various importers on VAT basis. We do local sales as well as CST sales but majority (almost 90%) of our sales is CST sales. In our case we buy cargo by paying VAT@5% and sell the same by charging CST@2% to our clients and we have been carrying forward the excess difference of 3% to next Month. This practise has incurred a lot of ITC. But now there is an amendment in TN VAT rules which explains from November ITC can be carried forward only if appropriate inventories is reported.
1) Now I was attempting to file my November Month return. I have an ITC of Approx 11 Lacks but stock as per my ERP is only 300 Tons, which explains that value of stock is just 1400000 lakh Rupees only on which i can claim an ITC of 70000 Rupees only. Can any one help me in resolving this situation .
2) Secondly it seems there is another amendment where the differential VAT should not be carried (as like before) forward instead that should be reversed back in that month return. So my question is, is this amendment true?

I see there are so many experts over here. I sincerely and humbly request somebody to help me over here.

Dear Sirs,
How to Cancel the service tax invoice for the previous month which was Service tax already paid. and How can I Claim that amount of Service tax Paid already?

If a company issue debenture for 2 years term & voluntarily want to create DRR of 100% of the amount of debenture in first year So can it do so?

I wanted to know if we have incurred computer software expenses during the year, whether it could be capitalised? Our tution sir said that according to sec 9 of finance act 2012, these cant be capitalised.

If after getting a fresh registration under service tax we declare our service tax liability under VCES which cover the period only upto 31-12-12, then in such case how should we file our ST3 relating to Oct12-Mar13? Should we provide the details relating to services provided during the period covered by the scheme i.e. Oct12-Dec12 in St3?

Hello sir,

Suppose a company has taken loan of Rs.3600000,

[A] co. receive Rs. 3400000 through bank:

Bank Dr. 3400000
To Bank loan 3400000

[B] Advance EMI Deducted by bank

Bank loan A/c Dr. 150000
To Bank Loan 150000


[C] Stamp duty[expense of company] directly paid by bank

Stamp Duty Dr. 50000
To Bank loan 50000

Bank Loan Dr. 50000
To ?????? 50000

Now which account should i credit to settle loan account ??

thanx.

Dear sir / madam,

I have only income from derivatives segment, option segment. As per income tax act income from derivatives segment is a business income.

I want to know how to show this income in ITR4 in profit and loss schedule. whether to show as other income because we cannot show this under sale / receipt column.

One more thing can I show net of expenses. (Stt, telephone, misc exp. ).

pls advice. Thanks

is there any short term certificate course which can be done along with articleship...??

sir,
When do we have to register for C.A final in order to get TAX books applicable for 2015 may exam?