Be sincere or face serious consequence for Non-compliance -Delhi VAT

Delhi Trade & Taxes department has given a public notice to Delhi' Dealers to follow provisions of DVAT sincerely regarding Principal place of business and keeping Books of accounts thereat. Full public notice can be read below:-

Time-limit extended for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014

Press Information Bureau
Government of India
Ministry of Finance

26-February-2014 17:38 IST

The Central Board of Direct Taxes (CBDT) has extended the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12 till 31.03.2014 for returns e-filed with refund claims within the time allowed under section 139 of the Income Tax Act. 

Please find press release below:-

Inter-state Stock Transfer & Form F under CST

Inter-state Stock Transfer & Form F under CST

Change in Rule regarding issuing PAN Card

Now one more document is required to get new PAN card , Proof of date of Birth is also required aprt from the address proof and Id proof.



see press release below

Inter-State Stock Transfer & Form F under central Sales Tax Act 1956

One of my friends while reading article on “Form C” raised a query:-

è Whether a dealer should declare the transfer of capital goods like Furniture , computers etc that are transferred to another state for own use in his branch .

è Whether the transfer of these goods is to be declared as Stock transfer in the returns. If yes or no , any court cases In support of the same.

Calculation of Stock-Out Cost

In cost Accounting there are lot of methods followed to have better control to reduce the the cost without of hampering the quality of product/service.
In material management, functions like setting various level of stock , determine the pricing method of material to be issued and received and  fixation of accounting policy for recording of data etc etc are performed.