CAclubindia Articles

Intermediary redefined - relevance of NT 42/2012 lost?

Posted by AKASH PHOPHALIA 18 December 2014 10693 Views

Intermediary redefined relevance of Notification 42/2012 lost? With the final Budget 2014 an amendment was proposed to change the definition of intermediary. The new definition introduced the words ..or supply of

CENVAT on Capital Goods - Part I

Posted by AKASH PHOPHALIA 18 December 2014 16855 Views

CENVAT credit is available on inputs, input services and capital goods. Rule 2(a) of Cenvat Credit rules, 2004 defines "Capital Goods"

Extended period is not invocable, when penalties were waived

Posted by Bimal Jain 18 December 2014 8398 Views

Dear Professional Colleague,Extended period is not invocable, when penalties were waived off on the ground of interpretational issue being involvedWe are sharing with you an important judgment of the Honble CESTAT, New Delhi, in the case of Sa

Cenvat credit on Outdoor Catering services used in relation to business activities

Posted by Bimal Jain 17 December 2014 9235 Views

Dear Professional Colleague,Cenvat credit on Outdoor Catering services used in relation to business activities continues to be an eligible Input service even after amendment in the definition of Input services w.e.f April 1, 2011We are

What are QRcodes and how are they useful?

Posted by Harsha GP 17 December 2014 10025 Views

Last week, i tried to explain about NAS and it's uses http://goo.gl/mzaZjV, this week i'll try to shed light on QRcodes and it's limited uses!As soon as you saw the word QRcode in the title, the sqare shaped pixelated pattern comes to you

Goods & Service Tax Will Be A Reality By April 2016

Posted by Anandaday Misshra, Advocate 17 December 2014 12362 Views

The Central Government has finally agreed to many demands of various states during the most successful meeting held so far on 15th December , 2014. This is claimed to be a win win deal and passing of first hurdle in rolling out the long awaited good

Work Contractor and Rajasthan VAT

Posted by CA Ram Bajaj 17 December 2014 14663 Views

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method

Independent directors

Posted by CS Divesh Goyal 17 December 2014 25221 Views

Independent directors are now a crucial part of Indian company law

Interesting case laws on CESTAT - Part I

Posted by Anandaday Misshra, Advocate 16 December 2014 8413 Views

Oflate, very interesting legalities have evolved in relation to Tribunal (CESTAT) . I am highlighting only three aspects as below : a. No Dismissal for Non-Prosecution- In Balaji Steel Re-Rolling Mills Versus Commissioner Of C.Ex. & Customs rep

Joint Development Agreement - A Business Model - Part 2

Posted by Bhanu Prakash Rao 16 December 2014 35799 Views

In my earlier article Joint Development Agreement - A Business Model I had made an attempt to discuss the joint development agreement model and a broad view of tax implication under the Income T