Articles by Vijay Kalia

GST Pinpricks

Vijay Kalia 22 September 2017 at 10:58

GST will have plethora of litigations on matters like classification. rate disputes, not ruling out disputes between the centre and states under the GST law.

Tatas Spat: An Issue of Corporate Governance

Vijay Kalia 01 December 2016 at 11:41

The spat between the two factions of Tata group companies should set precedent for corporate governance where the role of independent directors is suspect.

CSR Under New Company Bill 2012: The Companies Bill 2011 was introduced in the month of December, 2011 in the Parliament and referred to Parliamentary Standing Committee on Finance which submitted its report in June, 2012 based on which the Bill of

Budget Expectations

Vijay Kalia 28 February 2013 at 12:17

The expectations from the 2013 budget which require consideration of the FM are highlighted as follows though some of them look more radical and pointed but worth the salt: 1. The budget should aim at reducing fiscal deficit. The budget shoul

Our Role is circumscribed: Salute NFRA!

Vijay Kalia 17 January 2013 at 13:40

I had the occasion to write sometimes back on this website in my articles Repot on Satyam Fiasco about the fact that we lost an opportunity in Satyam Computers fraud case as our re

Great Expectations - Union Budget

Vijay Kalia 16 March 2012 at 12:15

The budget is scheduled to be presented on 16TH the Friday and I expect some of the measures herein after detailed though the big ticket reforms in the form of DTC and GST are kept at bay. DTC (2010) the recommendat

Manufacture by Job

Vijay Kalia 14 March 2012 at 13:54

Manufacture by Job-worker Availing Exemption-Allowability of Cenvat Credit: The issue dealt herein is with respect to the availability of cenvat credit for inputs or input services to a job worker who utilizes such inputs for manufacture of goods

Vodafone Review Needed

Vijay Kalia 03 March 2012 at 13:31

VODAFONE: REVIEW NEEDED AT THE TOUCHSTONE OF MCDOWLL 5-JUDGE JUDGMENT In recent history of taxation the case of Vodafone International Holdings would always occupy a prominent place as the law laid down now would continue to hold their sway in mo

Accounting Frauds

Vijay Kalia 24 February 2012 at 12:04

MANIPULATIONS THROUGH ACCOUNTING AND FRAUDS: Introduction: India figures amongst the top nations so far as stashing the black money abroad is concerned. It is estimated that one fifth of our GDP is there running parallel in the economy which transl

Report on Satyam Fiasco

Vijay Kalia 30 August 2010 at 12:00

ICAI‘S SATYAM REPORT OF LITTLE USE – MCA DISMISSES- NEED WE BE COMPLACENTThe news is most disturbing and most of us seem to have taken it in their stride but being a senior member of the chartered accountant community, the news has shaken