Lawyers want a share in tax audit pie

0 comments Saturday, June 28, 2014
Opening up a money-spinning career proposition for lawyers in the country, the Bar Council of India (BCI) has written to the Union ministry of finance and tax authorities such as Central Board of Direct Taxes (CBDT) that lawyers must be authorised to sign and furnish tax audit certificates/reports, which has been hitherto the bastion of chartered accountants. 
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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer-part II

0 comments Sunday, June 15, 2014
Another situation which in many of the cases under the Punjab VAT, which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been cancelled or normally it is stated in the assessment orders that the person from whom goods have been purchased is a cancelled dealer.
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Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

0 comments Tuesday, June 10, 2014
The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. 
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