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Archive: 21 January 2014

Posts in 21 January 2014

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 30 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7386 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

New Drawback Rates notified for several exported products

January 21, 2014 2194 Views 0 comment Print

The Central Government has amended the Notification No. 98/2013-Customs (N.T.) dated September 14, 2013 vide Notification No. 05/2014 – Customs (N.T.) dated January 21, 2014 , to provide new drawback rates for several Products exported out of India. The Notification shall come into force on January 25, 2014.

Transfer not complete despite possession if willingness to perform not ascertainable with certainty – ITAT Distinguishes Chaturbhuj Kapadia

January 21, 2014 1067 Views 0 comment Print

Even a cursory look at the admitted facts of the case would show that the transferee had neither performed nor was it willing to perform its obligation under the agreement in the previous year relevant to assessment year under consideration.

Service Tax on 'RICE' storage, cargo handling, transport Charge and on construction of warehouses for rice storage

January 21, 2014 4799 Views 0 comment Print

Finance Minister has clarified that Rice is not an agricultural produce, Central Warehousing Corporation (CWC) has clarified to its offices that now Service Tax is payable. The CWC is so careful that it has clarified that even in cases of construction of warehouses for storage of Agricultural produce where it is not known as to […]

Transfer Pricing Law in India

January 21, 2014 9922 Views 2 comments Print

Tarun Gulati Earlier, India was isolated from the world markets and it went global only in 1991 with the change in policies for Foreign Trade, foreign direct investments, etc. This move towards globalization brought in new requirement for changes in the taxation and other laws as the MNC’s started investing in India and acquisition of […]

Rajashthan HC remands back 81 appeals to ITAT for fresh decision

January 21, 2014 970 Views 0 comment Print

Hon’ble Rajasthan HC has held in the case of CIT Vs. Ram Singh that the Judgment of ITAT in various cases passed by this case are stereo typed, non-speaking, unreasoned, arbitrary and whimsical andremand the matter back to the ITAT to re-visit the issue afresh de-novo

Importance of Economic Literacy for Finance Professionals

January 21, 2014 2053 Views 0 comment Print

Finance and economics share an inseparable bond since ages. Yet we finance professionals, or to-be finance professionals of different fields such as CA, CS, CMA commit the sin of keeping ourselves separate from economics, yet claiming to be true holders of ultimate knowledge in the field of finance. By means of this article, I intend […]

Clarification regarding availment of CENVAT credit of tax dues paid under VCES, 2013

January 21, 2014 5567 Views 0 comment Print

A clarification was sought as to whether the first instalment of tax dues paid (Minimum 50% of tax dues) under the Service Tax Voluntary Compliance Encouragement Scheme, 2013 would be available as Cenvat Credit immediately after payment or only after payment of tax dues in full and receipt of acknowledgement of discharge certificate in form VCES-3.

Mere non residential use subsequently would not render property ineligible for benefit U/s. 54F

January 21, 2014 1301 Views 0 comment Print

Mere non residential use subsequently would not render the property ineligible for benefit u/s.54F, if it is otherwise a residential property, as held by the Delhi Bench of the Tribunal in the case of Mahavir Prasad Gupta Vs JCIT (5 SOT 353).

MVAT : Instructions for uploading Annual Revised Returns

January 21, 2014 41235 Views 6 comments Print

MVAT : Instructions for uploading Annual Revised Returns U/s 20(4)(b) and 20(4)(c) • Please download the latest version (Ver 1.8.0) template from Mahavat website. • Dealer can upload the Revised return u/s 20(4)(b) & (c) with Annual periodicity only. • Dealer can upload the Original, Fresh and Revised return u/s 20(4)(a) as per the periodicity […]

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