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Brief on Service Tax on Educational Institutes

November 9, 2014 83896 Views 42 comments Print

Education sector has seen revolutionary changes in the past decade and so has the much debated service tax. The much thoughtful leaders of India have spared the education sector all alone from levy of taxes considering the importance of the same for the country. If a country wants to grow manifold than building infrastructure for education and educated infrastructure (people of the country) is a prerequisite.

Input Service beyond The Manufacturing Site

November 9, 2014 1890 Views 0 comment Print

The expression available in the statute book must be read in a manner that the intended object be achieved. The manufacturers used inputs and input services during the process of manufacturing and is entitled to take credit already paid on these inputs or the input services as the case may be.

Government Committed to Remove Red Tape and Provide Single Window Clearance for Investors:

November 9, 2014 959 Views 0 comment Print

Minister of State (Independent Charge) spoke about positive investment climate in India and also the huge investment opportunities in infrastructure, manufacturing, metallurgy, pharmaceuticals and other sectors. She emphasized the Government of India commitment to remove red tape and providing single window clearance for the investors.

Avoid lengthy questionnaires without due application of mind – CBDT to its Officers

November 8, 2014 1147 Views 0 comment Print

Though less that 1% of returns filed are selected for scrutiny, this area of work has often drawn adversarial comments. Supervisory officers, have been directed to play a more pro-active role in monitoring and guiding assessments towards ensuring that high-pitched assessments without proper basis are not made and that lengthy questionnaires or summons without due application of mind are avoided.

CMA President Communique -November 2014

November 8, 2014 718 Views 0 comment Print

Financial Accountants who discussed standard costing during the Interwar decades rarely considered how managers could use variances between actual and standard costs to control manufacturing. Instead their main concern was how to properly classify variances and in particular how to dispose of them in published financial reports. –Robert Kaplan My Dear Professional Colleagues, Cost Management […]

My Portfoilo- A Excel Utility for maintaining your Share Market portfolio in Realtime

November 8, 2014 35051 Views 9 comments Print

CA Prasenjit Paul A simple Excel Utility that manages your Share market portfolio in real time. Its basic features are: This sheet gets updated automatically in every 2 minutes to give realtime position If your stock is todays gainer Current price will automatically become green otherwise red Set target to sell or watch, Cell become […]

Public Notice No. 72 (RE-2013)/2009-2014, Dated: 07.11.2014

November 7, 2014 331 Views 0 comment Print

Locally produced under the above means ‘the produce of the concerned border district of the designated Haat’. Clarification as to the specific commodity falling under the above list of items will be given by the Haat Management Committee, constituted under Article 1 of the operational guidelines of the MOU.

Notification No. 107/2014-Customs (N.T.) Dated: 07.11.2014

November 7, 2014 361 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Principal Chief Commissioner of Central Excise or Chief Commissioner of Central

Notification No. 106/2014-Customs (N.T.) Dated: 07.11.2014

November 7, 2014 250 Views 0 comment Print

The principal notification No. 132/2009-Customs (N.T.), dated the 9th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 652 (E), dated the 9th September, 2009.

Notification No.105/2014-Customs (N.T.) Dated: 07.11.2014

November 7, 2014 379 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry

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