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Archive: 17 June 2016

Posts in 17 June 2016

Take Aways & Tuck Shops- Taxable or Exempt under Service Tax?

June 17, 2016 8944 Views 0 comment Print

Food is made and pre packed at some other place and packed food items are shelved on tuck shops. Tuck shops provide packed food available to the customers, employees, guests or visiting public where they are opened. Premises are not the property of tuck shop. Tuck shops are merely retail outlets where air conditioners are not installed.

NRIs can now join & subscribe to NPS online through eNPS

June 17, 2016 1216 Views 0 comment Print

NRIs have a pivotal role to play in the Indian economy. India has the second-largest Diaspora in the world, with around 29 million people living in over 200 countries and out of these 25% live in the Gulf countries. Most of the Indians going to the Gulf and some other countries go for employment and return to India after having worked abroad for a certain period.

4 Amazing tax planning that you must look out for

June 17, 2016 16465 Views 3 comments Print

We have a lot of verdicts and planning’s as discussed above, but due to the length constraint of a single article, we will be sharing with you some more valuable articles in a near future, till then enjoy the above cases and save your lakh of hard earned money and spend it in something more valuable.

Applicability of proposed GST to Casual & Non-Resident taxpayers

June 17, 2016 6847 Views 2 comments Print

There are some taxpayers who occasionally undertake transactions involving the supply of goods and/or services in the normal course of their business as a principal, agent or in any other capacity. They do such transactions at a place where they do not have any fixed place of business. There are two categories of such taxpayers:

S.145A No Addition for stock valuation if exclusive method followed

June 17, 2016 12190 Views 0 comment Print

ITAT Kolkata held that VAT and CST even if not included in value of closing stock do not result in undervaluation of closing stock because of its corresponding non-inclusion in Opening Stock , Purchases and Sales.

Changes in SA 610 with Effective from 1.4.2016

June 17, 2016 11467 Views 0 comment Print

The external auditor has sole responsibility for the audit opinion expressed, and that responsibility is not reduced by the external auditor’s use of the work of the internal audit function or internal auditors to provide direct assistance on the engagement.

Swachh Bharat Pakhwada- 15 Topics to work on

June 17, 2016 2464 Views 2 comments Print

Swachh Bharat -Corporate volunteering by private organizations & corporate entities 1. You may kindly recall that Hon. Prime Minister has given a call for “Swachh Bharat” as a mass movement to realize Gandhiji’s dream of a Clean India by the 150th birth anniversary of Mahatma Gandhi in 2019. Ministries and Departments have undertaken various activities […]

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