Key feature of FVU version 4.1 Deletion of deductee record: Feature to delete the deductee record has been discontinued. In case the user wishes to nullify a deductee record/ transaction, he is required to update the amount and related fields to “0” (zero) and add new record with updated values. Date of deduction: Date of […]
Goods Movement Form under CST Act 1956; C, F, E1- E2 Form at a glance 1. INTRODUCTION There are certain type of forms which has been prescribed under central sales tax rules 1957, form c for making interstate purchase at lower rate, form E1 and E2 used when interstate sale or purchase which are effected […]
Issue: The earlier practice of endorsement of Bill of Entry by customs officer to an importer has since been dispensed with. This has led to ambiguity as to the mechanism by which CENVAT credit would be available to a subsequent manufacturer receiving the imported goods.
The Central Board of Excise & Customs (the Board) has issued Circular No. 44/2013-Customs dated December 30, 2013 (the Circular) to provide clarification on whether the benefit of exemption of Special Additional Duty (SAD) would be available when goods are cleared from Special Economic Zone/ Free Trade Warehousing Zone (SEZ/FTWZ) to a Domestic Tariff Area unit (DTA) for self-consumption i.e. in the nature of stock transfer from SEZ/FTWZ.
As per the Company 2013, the auditor’s responsibility has been enhanced to a great extent and the manner of appointing him has also been changed, when compared to companies Act, 1956. We here discuss briefly about the Auditors responsibility in light of Companies Act, 2013.
SC has dismissed the revenue appeal in which the Allahabad High Court had confirmed the ITAT stand of quashing the assessment order on the ground that the assessment order in the name of individuals could not be made when the warrant of authorisation was issued in the joint names of Ashok Chawla, Smt. Madhu Chawla and Shri Anuj Chawla.
The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) issued on December 23, 2013 the final Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies. The FASB also issued FASB Accounting Standards Update No. 2013-12, Definition of a Public Business Entity: An Addition to the Master […]
