• Dec
  • 20
  • 2014

Renting Vs Hiring By Uttrakhand High Court

Added In Service Tax
The main thrust of the present article is to analyse the landmark judgment given by the Hon’ble Uttrakhand High Court recently, in the case of Commissioner of Customs & Central Excise Vs Sachin Malhotra, Raj Kumar Taneja, and M/s Shiva Travels [2014-TIOL-2039-HC-UTTRAKHAND-ST] wherein the difference between renting and hiring has been reported for the purpose of levying service tax under the category of Rent a cab services.

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  • Dec
  • 20
  • 2014

TDS U/s. 194C attracted on contract of putting up hoarding

Added In Income Tax
CA Prarthana Jalan Hon’ble Mumbai ITAT has in the case of DCIT V/s Madison Communication  Pvt Ltd has held that sec 194C is attracted for contract of putting up a hoarding as it is in the nature of advertisement. Brief facts of the case are as under:- The assessee has shownexpenditure on advertisement through outdoor […]

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  • Dec
  • 20
  • 2014

Goods & Service Tax Council to Monitor Implementation of GST

Added In GST
The Constitution (One Hundred & Twenty Second Amendment) Bill,2014 as proposed under Bill No. 192 of 2014 in Parliament on 19th December,2014 focus on setting up of an important key body for smoother , Faster and hassle free implementation of Goods & Service Tax and that is Goods & Service Tax Council.

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  • Dec
  • 20
  • 2014

Why an assessee should avoid sending an appeal by speed post?

Added In Excise Duty
1. As per Section 37C(1)(a), it was mandatory on the part of the Revenue to serve a copy of the order of Commissioner of Central Excise (Appeals) by registered post with acknowledgment due to the assessee .

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  • Dec
  • 20
  • 2014

Employees First, Customers Second – Management for New Era

Added In Corporate Law
This is not a lecture or new theory but some insights into the new management era based on lessons learned from Business leaders and the new management thinking and I strongly believe that there will be a major shift in management philosophy(ies) in next five to ten years. If we fail to change our notions […]

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  • Dec
  • 20
  • 2014

E-Retailing – VAT and CST perspective

Added In GST
E-Retailing transactions are growing by leaps and bounds, day by day, because of convenience, choice, cost competitiveness and transparency being offered. With increase in volume and value of these transactions, naturally taxman’s eyes are on these transactions, to explore the possibility of levy of VAT or CST as the case may be, and to investigate about possible evasion of tax.

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  • Dec
  • 20
  • 2014

FAQ – TDS on Non residents u/s.195 of Income Tax Act

Added In Income Tax
CMA Ramesh Krishnan Introduction: Tax Deducted at Source (TDS) is the first way of collection of any taxes. Under Income tax also TDS is the very important tax collection method. TDS under income tax varies based on the nature of transaction and payment by different sections, such as section.194A, 194B, 194C, 194I etc. Out of […]

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  • Dec
  • 20
  • 2014

The ‘GST’ Constitution Amendment Bill, (No. 192 of 2014) – Facilitating GST Law (An Analysis)

Added In GST
One of the major Indirect tax reforms that the country is now on road to witness is the incarnation of a single GST law instead of multiple indirect taxes viz Service Tax, Central Excise, VAT, CST, Local Body Tax, Entry Tax etc. After a round of discussions of Hon’ble Finance Minister with State FM’s, the […]

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  • Dec
  • 20
  • 2014

e-UPASS-Self Policing – Electronic uploading of Purchase and Sales Statement in Karnataka

Added In GST
The main intention of Govt., to repel old Sales Tax and introduce VAT was to remove cascading effect and thereby make Indian goods more competitive and marketable and in turn to raise good amount of taxes for the benefit of common man. The Govt., later realised in a country like ours success of this story […]

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  • Dec
  • 20
  • 2014

Govt. has no role to play in determining pass percentage of CA exams

Added In CA CS ICWA
Conducting of CA Exams All activities connected with conduct of examinations by the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India including setting of papers, valuation, pass percentage, declaration of results etc. are undertaken by the Institutes themselves. Accordingly, Central Government has no role to play in determining pass […]

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