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Section 143 Powers and Duties of auditors
Section 143 Powers and Duties of auditors and auditing standards (Relevant Rule 11, 12, 13 of The Companies (Audit and Auditors) Rules, 2014)Auditor have right to access books of accounts and vouchers of the co. and all its subsidiaries, if a
Decreasing crude oil prices but increasing excise duty
India is one of the largest importers of Crude Oil as it imports roughlyaround 80% of its total requirements. The recent fall of almost 45% in thecrude prices from at its peak of $115/Barrel in June 2014 to $57/Barrel inJanuary 15 has been a blessing
Appeal to High Court not maintainable against a decree of tribunal
Recently, Honourable High Court of Allahabad in Central Excise Appeal No. 444 of 2010 of Commissioner, Central Excise, Meerut-I, Versus M/S Suraj & Company, reported in 2014(36) S.T.R.1252(All.) held that an appeal to High Court is
Invest: Why & Where ?
The world of money has seen some bizarre times over the past few years. It all started in 2006, when housing bubble in the US burst. This in turn led to the credit crisis, which was of an unprecedented scale. Then, followed the series of bailout prog
How to crack an Interview?
We all face this question in our professional life be it at the beginning of the career or in the middle of it i.e. when we want to shift to a different company in order to increase the knowledge and for career growth. Init
Goods And Services Tax
Goods and services tax (The major tax reform since independence)• OVERVIEWOF GST:This is one of the major taxation reforms in Indian taxation system.GST is set to integrate all state economies and increase the overall growth of the country.GST wi
Eligibility of refund claim on sales made to 100% EOU
Whether Refund is eligible to a dealer who makes sales to 100% EOU treating it as Export sales?Introduction: In the recent judgment of Madras High Court in the case of Emerald Stone Export, Pudukottai Vs The Assistant Commissi
How To Deal With UNWANTED Career Advice From Family/Friends
This is a topic on which I really wanted to share my thoughts for a very long time. In fact, this question is one of the prime reasons for me to start writing this blog www.nimishgoel.com. I know for sure how families and friends in our social circ
Roadmap to GST
Implementation of GST is set to be the biggest tax reform hitherto ushered in the country. GST will be a Destination based Consumption Tax & will cover both intra State and Inter State trade & Commerce. Inter State Sales will be subjected to
Mergers and acquisitions
Mother Teresa once quoted, "I can do things you cannot,you can do things I cannot;together we can do great things."Collaboration brings more benefit in everyday life than what a person alone can achieve. Business world is no different.To e
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