Cs mantra

Hey I am appearing for cs executive this December and the only mantra for the success is doing scanners thoroughly and revising same again and again. ..
Do reply if you find any contradiction in that I found......
Thanxs for your time....... 

HOW TO REGISTER FOR B COM PROGRAM YEAR SOL

Hello friends first of all i would like to congratulate for clearing b com first year, now without wasting any more time i would start explaining you how to register for second year.

STEP:-1 visit the link https://sol.du.ac.in/Examination/Exam_frmDemandLtr.aspx 

STEP:-2 Download your demand letter after filling the reqired details

STEP:-3 Make a demand draft of the amount specified in your demand letter

(NOTE :-DEMAND LETTER ACCEPTED ONLY FOR SBI BANK)

STEP:-4 visit campus office of sol and get yourself register

ALL THE BEST FOR YOUR REGISTRATIONS IF YOU FOUN THIS POST HELPFULL PLZZ COMMENT AND LIKE ON THE POST....

Manager Financial Statements- Blue Chip Global Business

Manager Financial Statements- Blue Chip Global Business

Mumbai  |  Permanent

Published 13/04/2012

• South Mumbai based role, with leading brand
• Scope for long term progression and development

About Our Client 
Our Client is a leading MNC specializing in engineering, health care and having strong footprints in various other verticals. They are slated for tremendous growth in 2012 within the Indian market which has led to the requirement of for a Manager Financial Statements.

Job Description

The role of Manager Financial Statements has a strong emphasis on Accounts and Controlling along with the following responsibilities:

• Managing the completeness and correctness of Financial statements for IFRS and IGAAP
• Coordinating the external and internal interim and final financial audits and implementation of the findings
• Ensuring that internal guidelines conform to internal company (global) standards along with legal and statutory requirements
• Assess and develop strategies to overcome and maximise opportunities due to changes in regulations
• Ensure information coordination for Audit Committee and Board of Directors.

The Successful Applicant
The candidate will be a Chartered Accountant with 7 years post qualification experience. You will have very strong knowledge of IFRS andIGAAP and have advanced experience in Accounting and Controlling Functions within the manufacturing industry. Strong presentation, communication and people management skills are essential.

What's On Offer
The successful applicant will be rewarded with a competive bonus structure and both short and long term opportunities for development and progression.

Click here to Apply for this job

NOTIFICATION NO.15/2012 - SERVICE TAX

Notification No.15/2012-Service Tax

GSR. (E).—In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2004-Service Tax, dated the 31 st December, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 849 (E), dated the 31 st

December, 2004, except as respects things done or omitted to be done before such supersession, the Central Government hereby notifies the following taxable services and the extent of service tax payable thereon by the person liable to pay service tax for the purposes of the said sub-section, namely:—

I. The taxable services,—

(A) (i) provided or agreed to be provided by an insurance agent to any person carrying on the insurance business;

(ii) provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road, where the consignor or the consignee is,—

(a) any factory registered under or governed by the Factories Act, 1948 (63 of 1948);

(b) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any other law for the time being in force in any part of India;

(c) any co-operative society established by or under any law;

(d) any dealer of excisable goods, who is registered under the Central Excise Act, 1944 (1 of 1944) or the rules made thereunder;

(e) any body corporate established, by or under any law; or

(f) any partnership firm whether registered or not under any law including association of persons;

(iii) provided or agreed to be provided by way of sponsorship, to anybody corporate or partnership firm located in the taxable territory;

(iv) provided or agreed to be provided by an arbitral tribunal or an individual advocate or the support service provided or agreed to be provided by Government or local authority, to any business entity located in the taxable territory;

(v) provided or agreed to be provided by way of renting or hiring any motor vehicle designed to carry passenger or supply of manpower for any purpose or works contract by any individual, Hindu Undivided Family or proprietary firm or partnership firm, whether registered or not, including association of persons; located in the taxable territory to any company formed or registered under the Companies Act, 1956 (1 of 1956) or a business entity registered as body corporate located in the taxable territory;

(B) in relation to any taxable service provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory;

(II) the extent of service tax payable by the person who receives the service and the person who provides the service for the taxable services specified in (I) shall be as specified in the following Table, namely:-

Table

Sl.No. Description of a service Percentage of service tax payable by the person providing service

Percentage of service tax payable by the person receiving the service 1 in respect of services provided or agreed to be provided by an insurance agent to any person carrying on insurance business

Nil 100%

2 in respect of services provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road

Nil 100%

3 in respect of services provided or agreed to be provided by way of sponsorship Nil 100%

4 in respect of services provided or agreed to be provided by an arbitral tribunal Nil 100%

5 in respect of services provided or agreed to be provided by individual advocate Nil 100%

6 in respect of services provided or agreed to be provided by way of support service by Government or local authority Nil 100%

7 (a) in respect of services provided or agreed to be provided by way of renting or hiring any motor vehicle designed to carry passenger on abated value.

(b) in respect of services provided or agreed to be provided by way of renting or hiring any motor vehicle designed to carry passenger on non abated value.

Nil

60%

100 %

40%

8. in respect of services provided or agreed to be provided by way of supply of manpower for any purpose 25% 75 %

9. in respect of services provided or agreed to be provided by way of works contract 50% 50%

10 in respect of any taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory

Nil 100%

2. Person who pays or is liable to pay freight either himself or through his agent for the transportation of goods by road in goods carriage, located in the taxable territory shall be treated as the person who receives the service for the purpose of this notification.

3. This notification shall come into force from the date on which section 66B of the Finance Act, 1994 comes into effect.

[F.No. 334/1/2012- TRU]

Under Secretary to the Government of India

Some dos/tips for exams...!!

-Everyday before starting study its good if we make a small prayer it will ensures our trust which will motivate to work harder.

-Dont underestimate theory subjects as they are more important during last 2 months since these have been ignored earlier..

-Do plan ur studies,take regular breaks..

-Always keep saying to Yourself that u r going to definitely pass since positive attitude is ur biggest wealth in exams preps...

-Success=Hard Work+Positive Attitude+Blessings of God&our parents so ensure this

All D Best...Always remember ,Do not aim for success if u want it just do what u love and believe in and it will come naturally!!!!!!!!So u need to love ur studies..:-) 

BY CA Ritasha Khanna

As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not

Brief – 1. On 19-9-2005, the appellant/assessee surrendered their service tax registration on the ground that the appellant are entitled for the benefit of Notification 6/2005, dated 1-3-2005 as their taxable services are below Rs. 4 lakhs.  Thereafter, in January 2008 a survey was conducted at the premises of the appellant wherein it was found that the appellant had wrongly availed the benefit of Notification 6/2005 and claimed exemption thereunder. Therefore, it was found that appellants are liable to pay service tax for the entire period.

Held: After considering the submissions made by both sides. I find that it is not a disputed fact that on 19-9-2005, the appellant had surrendered the service tax registration by availing the benefit of the Notifications 6/2005 dated 1-3-2005. As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not. The department has not done this exercise within one year of the surrender of the registration certificate.The matter is sent back to the adjudicating authority to requantify the demand pertaining to normal period and to give the benefit of input service credit for normal period after due verification of the documents produced by the appellant in support of their claim. As extended period is not invocable, penalty under Section 78 is waived. The penalty under Section 77 is confirmed to the extent of Rs. 1000/-.

IN THE CESTAT, WEST ZONAL BENCH, MUMBAI

AMALNER COOPERATIVE BANK LTD.

Versus

COMMISSIONER OF C. EX., NASHIK

Final Order No. A/316/2011-WZB/C-IV(SMB), dated 6-7-2011 in Appeal No. ST/1 4/2010

[Order]. – The appellants have filed this appeal against the impugned order confirming the service tax demand of Rs. 3,24,493/- along with interest under Section 75 of the Finance Act, 1994 and various penalties under Sections 77 and 78 of the Finance Act, 1994.

2. The brief facts of the case are that the appellant are providing banking and other financial services and were registered with the department and paying service tax on their taxable services. On 19-9-2005, the appellant surrendered their service tax registration on the ground that the appellant are entitled for the benefit of Notification 6/2005, dated 1-3-2005 as their taxable services are below Rs. 4 lakhs. Thereafter, in January 2008 a survey was conducted at the premises of the appellant wherein it was found that the appellant had wrongly availed the benefit of Notification 6/2005 and claimed exemption thereunder. Therefore, it was found that appellants are liable to pay service tax for the entire period. A show-cause notice dated 30-4-2008 was issued for demand of service tax of the period 10-9-2004 to 31-1-2008. The show-cause notice was adjudicated. The benefit of CENVAT credit of services availed during this period was allowed to the appellants. Thereafter, a demand of Rs. 3,24,493/- was confirmed against the appellant along with penalty under Section 77 of Rs. 5000/- and the penalty of equivalent amount of service tax under Section 78 of the Finance Act, 1994. Aggrieved from the said order, the appellant is before me.

3. The ld. advocate for the appellant submits that as the appellant has surrendered the registration certificate on 19-9-2005 by availing the benefit of Notification 6/2005 as their taxable service below Rs. 4 lakhs. The allegation of suppression cannot be alleged against the appellant. Therefore, demand and extended period are not sustainable. On merits he fairly agreed that the appellant has no case.

4. He further submitted that although during adjudication, benefit of input service credit was given but not in all the cases on the ground that either the original invoice is not produced or the invoice are not bearing the service tax registration. Therefore, he prayed that the matter be remanded back to the adjudicating authority for requantifying the demand for the normal period of limitation by giving the benefit of input service credit for which appellants are ready to produce the original invoice and also undertake to produce service tax  registration for the invoices which are not bearing service tax registration.

5. On the other hand, Shri S. Kalra, ld. JDR appeared and submitted that the appellants were registered with the department under the category of banking and other financial service for service tax purposes. Therefore, they are aware of the provisions of service tax at the time of surrendering of the registration certificate they were well known whether benefit of Notification 6/2005 is available to them or not. Therefore, question of misinterpretation of Notification does not arise. It is a question of wilful suppression of the facts, hence the impugned order be confirmed. He further submitted that as the appellant has failed to produce the original invoice and service tax registration number is not mentioned in the invoice, therefore, the lower authorities have rightly denied the input service credit to the appellant. Hence, impugned order is to be upheld.

6. Heard and considered.

7. After considering the submissions made by both sides. I find that it is not a disputed fact that on 19-9-2005, the appellant had surrendered the service tax registration by availing the benefit of the Notifications 6/2005 dated 1-3- 2005. As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not. The department has not done this exercise within one year of the surrender of the registration certificate. Therefore, as held by this Tribunal in the case of Needwise Advertising P. Ltd. v. CST, Ahmedabad – 2011 (21) S.T.R. 229 (Tri-Ahmd.) that interpretation of surrender as revealing deliberate intention not to pay service tax is not sustainable as surrender of registration to be taken as made on belief of non-requirement of such registration. Therefore, onus is on revenue to find out the cause of surrendering registration if action is not taken at the same time, the same cannot be questioned subsequently. Therefore extended period is not invocable. Following, the ratio laid down in the above judgment, I hold that extended period of limitation is not invocable in this case.

8. The matter is sent back to the adjudicating authority to requantify the demand pertaining to normal period and to give the benefit of input service credit for normal period after due verification of the documents produced by the appellant in support of their claim. As extended period is not invocable, penalty under Section 78 is waived. The penalty under Section 77 is confirmed to the extent of Rs. 1000/-. With these observations, appeal is disposed of by way of remand as directed above by setting aside the impugned order.

(Dictated in Court)