CENTRAL
SALES TAX ACT, 1956
PURPOSE/SCOPE
(i)
This Act is applicable to sales/purchases taking place in course of inter-state
trade and commerce.
(ii)
The interstate nature of transaction is to be determined as defined in
Section 3(a)/(b). If sale/purchase occasions...
Central Sales Tax Act by CMA Samir Biswal
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CLARIFICATION ON CONVERSION OF A FIRM INTO A LIMITED LIABILITY PARTNERSHIP GENERAL CIRCULAR NO. 09/2013 [F.NO. 1/10/2012-CL-V], 2013- 04 -30
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(1)The Ministry has been examining some of the issues raised by stakeholders with regard to clarifications on the provisions of the Limited Liability Partnership (LLP) Act,2008 with regard to conversion of a partnership firm into LLP. The issues relate to clarification with regard to (i) conversion...
90s or non-90s – But they made it big - By Commerceshala
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Each one of us has surely once or twice stumbled across a
story that tells about the people who have established themselves despite not having
a formal degree with amazingly good marks, correction great marks, because
nowadays just being good is not good enough. We just read them, forget them and
go...
TAX RESIDENCE CERTIFICATE
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Before explaining Tax Residence Certificate
we all should know about the sections 90 & 90A i.e. Double Taxation
Avoidance Agreement. Under DTAA, the Central Government enter into an agreement
with the government of other countries for the purpose of granting Relief. DTAA
provide relief to the...
THE 7 LAWS OF CLEARING CA FINAL
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So this is it. The 7 Laws of Clearing CA Final launched. The book is officially on sale now. I am excited (actually super excited!) and satisfied (…deeply) as the book finally reaches its intended readers.
I am more than a 1000% confident that you will not only enjoy the book but...
Why Should We File Income Tax Return On Time?
Posted by Deepak Gupta
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As per Section 139(1) of Income Tax
Act 1961, if the income of any person exceed maximum amount not chargeable to tax without giving the effect of section 10A/ 10B or Chapter VI-A. Then he or she is required to file his/her income tax return
according to the time limit specified
Last...
How Small Business Culture Can Create Success By CMA Samir Biswal
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What do you think of
when you think about small business culture? It can mean many things
depending on who you talk to. It can be a “brand,” motto, values, uniforms, or
behaviors. It could also be service level, return/exchange policy, or customer
appreciation gestures. Do you think of Main...
FORMS & PROCEDURES UNDER CST
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PROCEDURE:
Every dealer who effects inter-state
sale is required to register with State sales tax authorities who are empowered
to grant registration under CST Act. Application should be in form ‘A’.
Security has to be furnished. Certificate of registration will be in form ‘B’.
PROCEDURE FOR...