CAclubindia Articles

Provision for Inventory

Posted by kartik_somu 22 April 2013 43624 Views

Write down and do not write off Inventory Review of the Rule 3(5B) of Cenvat Credit Rules, 2004 Change of models, customer requirements, change of processes, poor inventory management can increase a businesss o

Prerequisites for drafting an effective Stay Application

Posted by ANIL KUMAR BEZAWADA 22 April 2013 12321 Views

As per Section 35F of Central Excise Act, 1944 if the assessee is aggrieved by decision of the Commissioner (Appeals) or by the Commissioner, he can file an appeal against such order befor

Basic Understanding of Service

Posted by Madhukar N Hiregange 19 April 2013 24152 Views

Introduction on Service Tax- Negative List, Levy of Service Tax, Exemption CA Madhukar N.Hiregange Introduction Service tax w

Importance of Company Secretary in the Organization

Posted by Manjit Banga 18 April 2013 139305 Views

A company secretarys role in a company is very important. Apart from acting as a link between the board of the organization and the various stakeholders, government and other regulatory authorities, he/she also carry out all the duties like m

Whether ST payable on erection of pandal or shamiana

Posted by Bimal Jain 17 April 2013 15279 Views

Whether Service Tax payable on service provided by way of erection of pandal or shamiana The Central Board of Excise and Customs (the CBEC) vide Circular No. 168/3/2013, dated April 15, 2013 has issued clarification on following issue

Provisions relating to One Person Company

Posted by Rupesh Khokle 16 April 2013 22389 Views

Definition [Section 2 (62)] - One Person Company means a company which has only one person as a member. Formation of company & Memorandum [Section 3 & 4] - A person by subscribing to memorandum can form a company ca

Waiver of Interest and Penalty under Amnesty Scheme

Posted by Vishal 16 April 2013 44304 Views

Service tax has always been regarded as a tax of the future and is emerging as one of the major source of revenue for the Government. At the same time, the service tax law has been regarded as most complicated law and generated huge litigation.

How to Maintain Positive Attitude

Posted by Member (Account Deleted) 16 April 2013 21040 Views

Is maintaining a positive attitude easier said than done? There are many times in our lives when putting on a smiley face is not easy and it may not even be what we want to do at that moment. Think of when someone annoys you and you feel anger ins

All about Gifts

Posted by G S Rao 16 April 2013 53838 Views

Introduction: Gifts are generally given by donors to show their love and affection. Sometimes gifts are used as a tool for tax planning. An attempt is made in this article to cover the essentials of a valid gift as per the provisions of the Transf

Registration and Payment under Reverse Charge Concept

Posted by Priyanka 16 April 2013 83918 Views

Subsequent to the introduction of sub-section (2) of section 68 under the Finance Act, 1994 (the Act), the central government has specified certain taxable services in respect of which a service recipient is required to pay service tax at the ra