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.

withdrawn audit Report--Due Date of filing Audit Report of DVAT (AR-1) extended again up to 28th Feb -2014

Delhi Trade & Tax Department has withdrawn filing Audit report in current Format AR-1 till the new Format but no format prescribed so far as it is last date of filing today.

No TDS on Service Tax amount

In recent circular CBDT has clarified that TDS should not deducted where service tax amount has been shown separately. Earlier, vide circular No.4/2008 date 28 April 2008 it was clarified that tax is to be deducted at source under Section 194-I of the Act, on the amount of rent paid/payable without including the service tax component.  But now there is no need to deduct TDS in any payments under Chapter XVII-B of the Act.

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One single window for CS registration

With a view to provide efficient and any- time service to students , the Institute of Company Secretaries of India (ICSI), working under the aegis of the Ministry of Corporate Affairs, has moved to complete online registration for the Company Secretaryship (CS) Course w.e.f 1.1.2014. Now the Institute accepts only online registration to the CS course.

CS Course is the flagship programme of ICSI. A person completing this course, both examination and training, is enrolled as a Member and becomes eligible to work as a Company Secretary either in employment or in practice. To facilitate the students registering for the CS Course, the Institute has placed an animated help to do online registration which is available on www.icsi.edu.