On 19th Dec'14, Hon'ble Union Finance Minister, Sh. Arun Jaitley presented Constitution(122nd Amendment) Bill,2014 which focused on the introduction of GST in Indian economy. The following is the gist of amendments proposed by this bill: &bul
The service of an order has had always been the sole issue before the courts of law when they had to dispose an application for condonation of delay . The said issue was dealt in detail by Honourable High Court of Bombay in matter of Amidev Agro Ca
KEY AMENDMENTS IN COMPANIES ACT, 2014 BY THE COMPANIES (AMENDMENT) BILL, 2014 Companies Act, 2013 was notified after a long period on 29th August, 2013. The Companies Act inbounds the strength of business. The Companies are base of financial structur
Issues in Form "F" in CST When a dealer is transferring goods to another state not as a result of sale but as stock transfer to any other place of his business ( branch, godown, warehouse etc.), then such transfer would not be liable for CST as per C
Dear Professional Colleague,The Commissioner (Appeals) has no option to adjudicate maintainability of appeal when the Honble High Court dismissed the Writ Petition filed on the ground that alternate remedy is available We are sharing with you
OVERVIEW:What is Convergence of Accounting Standards?What is IFRS?Convergence of Indian accounting standards with IFRSRole of ICAI in IND ASRole of SEBI in IND ASRole of Industry AssociationsAdvantages and Challenges after implementing IND ASFor bett
Dear Professional Colleague, Union Cabinet approves GST Constitution Amendment Bill The Union Cabinet, on Wednesday, December 17, 2014 has approved the Constitutional Amendment Bill on Goods and Services Tax (GST), taking a step towards
Everyday at work, we go through on various calculations and models prepared in MS Excel. Some of these are prepared by us, while many a times, they are prepared by someone else (say a colleague, client, banker, vendor or customer). In all of these si
Service Tax is levied under Section 66B of the Finance Act, 1994 as amended up to date. Section 68(1) confers liability to pay service tax on service provider but section 68(2), which has overriding effect over section 68(1), confers liability to pay
The difference between successful people and very successful people is that very successful people say No to almost everything. (Warren Buffet)The new-year 2015 is approaching and as usual we all would start to write down
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English