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Mesne Profits are out of NET

October 7, 2016 10375 Views 3 comments Print

The profit accrued to a person on his wrongful possession of a property is deemed to be mesne profits. Mesne Profits are profits of land taken by a tenant in wrongful possession from the time that the wrongful possession commenced to the time of the trial of an action of ejectment brought against him.

Flowchart on registration process under GST

October 7, 2016 21646 Views 0 comment Print

GST has received a green signal and is soon be a part of almost all day to day transactions. The first step of compliance under GST regime would be REGISTRATION under the CGST and SGST Act. A person liable to be registered shall get himself registered under the SGST Act of the respective states in which he carries on his business and also under CGST Act. Registration shall be obtained within 30 days from the date it becomes liable to be registered.

Input Tax Credit! A Boon or bane in GST? Let’s find out…

October 7, 2016 3655 Views 0 comment Print

Apart from the US Presidential Elections& POK Issues, the only thing making headlines lately is Goods & Services Tax. Since the passing of Constitution Amendment Act, 101st; there have been lot of speculations in the market w.r.t. GST Law;how it will pan out,what the modalities are and most importantly how an Aam Aadmi willget impacted.

How to study for November, 2016 IPCC

October 7, 2016 3733 Views 0 comment Print

How to study : 1. One has to keep in mind from day 1 that he is going to prepare for both the groups. 2. If you fail to plan, you plan to fail. 3. Have weekly target preparations. 4. In morning read law or Audit . Apart from this everyday one has to read costing / fm theory in the morning.,

Claims Tribunal constituted under provisions of Motor Vehicles Act, 1989 has no power and jurisdiction to review its award on merits, but the Tribunal can review its award to correct procedural as well as inadvertent mistake and in case of fraud.

October 7, 2016 4728 Views 0 comment Print

The short question that emanates for consideration in these revisions is whether the Claims Tribunal constituted under the provisions of the Motor Vehicles Act, 1989 has power and jurisdiction to review its award on merits.

Bail application u/s 438 Cr.P.C., at the behest of juvenile would lie. Issue referred to larger Bench

October 6, 2016 4587 Views 0 comment Print

1. This is first bail application filed under Section 438 of the Code of Criminal Procedure seeking grant of anticipatory bail to the applicant in connection with Crime No. 90 of 2016 registered at P.S. Sakti, Distt. Janjgir Champa (C.G) for the offence punishable under Sections 341, 294, 506, 186, 332, 353/ 34 of IPC. […]

Issues with Export of Service in GST

October 5, 2016 17545 Views 6 comments Print

The definition has squarely covered each and every aspect which helps in establishing the fact of export of service. But the lacuna lies in the sub clause (e) which says the supplier of service and recipient of service are not merely establishments of a distinct person;

All about Real Estate (Regulation and Development) Act, 2016

October 5, 2016 19327 Views 0 comment Print

69 Sections of the Real Estate (Regulation and Development) Act, 2016 notified by the Ministry of Housing & Urban Poverty Alleviation on April 27, 2016 bringing the Act into force with effect from May 1, 2016.

CA in Job Vs CA in Practice: Who is better in the long run??

October 5, 2016 84073 Views 6 comments Print

After passing CA final examinations, one question that gives sleepless nights to many is WHETHER TO GO FOR PRACTICE OR JOB?? Your whole future depends upon making the right choice. In this article, I will try to provide you with few factors for comparison, so that you can make an informed decision for yourself after weighing all the pros and cons of both the options available for you.

Registration Under Goods and Services Tax

October 5, 2016 5089 Views 2 comments Print

Every person who is liable to be registered under Schedule III of this Act shall apply for registration in every such State in which he is so liable within 30 days from the date on which he becomes liable to registration but the person other than Input Service Distributor who is registered under the previous law shall not require for the fresher registration shall follow the procedure which has been prescribed.

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