We cordially invite you for the “Workshop on the Critical Analysis on the Recent Amendments in TNVAT – Legal & Procedural Aspects” on 8th April, 2016 at Chamber Towers, Avinashi Road, Coimbatore. All aspects from Form JJ, Advance Inward Way Bill, Input Tax Credit, Works Contract TDS will be discussed Click Here to view EVENT
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Continue ReadingIntroduction EXCISE IN JEWELLERY INDUSTRY –VARIOUS BUSINESS MODELS –LIABILITY ON WHOM? Union Budget Business Model-1,2 3 Ornaments and Metal Retail Pricing in Excise Jwellery Click Here To Download PDF File
Continue ReadingCentral Excise is a duty on manufacture. A process where a new product emerges – input and output product are different – will be called ‘manufacture’. (Generally, only 1 person in an entire process chain pays ED). Click Here To Download PDF File
Continue ReadingThe Union Budget 2016-17 presented by our Hon’ble Finance Minister is a balanced budget where the government has committed for “minimum government maximum governance”.It has been proposed to provide aadhar a statutory framework and link the disbursement of subsidies and other government transfers with aadhaar.
Continue ReadingINTRODUCTION: In the case of introduction of every act, rules, circulars or notifications there must be an underlying purpose. This purpose is the basic object of introduction of the act, rules, circulars or notifications or any amendments to the statues.. If we are able to appreciate the object of the introduction or amendments, we shall
Continue ReadingService tax was introduced by the present Prime Minister in 1994 when he was the Finance Minister. The Lok Sabha passed the Finance Bill 1994 on 6th May 1994. The Finance bill 2012 was passed by the Lok Sabha on 8th May 2012. So the Service tax provisions have crossed the age of 18 on
Continue ReadingCentral Excise is a tax on manufacture. The tax on manufacture gets attracted once the goods are manufactured. But the collection of tax from the manufacturer is deferred till the date of actual removal. Date of actual removal and consequently date of accrual of excise liability can be ascertained only if we understand what is
Continue ReadingThere is a lot of difference the way in which penal provisions are invoked under the Income Tax Act and other indirect tax legislations. In the income tax the penalty is levied in a selective manner. But under the indirect tax provisions the penalty is levied even at the first stage. So one must know
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