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Posted On:  1 year ago


FAQ FOR ST3 SERVICE RETURN:

Service tax return is filed generally either yearly, monthly, quarterly or half yearly the assessee may not having the knowledge that whether is eligible to file return yearly, monthly, quarterly or half yearly. He/ She may not have the knowledge whether he is liable to file/pay service tax or not as we know negative list assessee is excluded from payment of service tax. The assessee may not know the method to file the return or may not know how to fill the data in the return. He may wrongly fill any field in the return. To solve this problem below are some questionnaires which will help you to evolve you of the problems faced at the time of filing the online return:

article author One Roof Consultant

Posted On:  1 year ago


FAQ on Service Tax returns, on-line Payment of Service tax and Dealer/Importer Service tax Return

The online Burden of service tax related transaction is on ACES.ACES stands for Automation of Central excise and service it is the official government site which handles every now and then of service tax through online which begins from registration (ST-1) to filing return of service tax (ST-3). A new service tax assessee doesn’t know the X Y Z of the service tax site (ACES). He/she may even not know how to file statutory Service tax returns using ACES tax application or he doesn’t have the knowledge which return to file online or when to file(period of return filing)etc. To solve the doubt of the new assessees below are some questionnaires for them with the solution:

article author One Roof Consultant

Posted On:  1 year ago


FAQ on Employee Provident Fund Act 1952-Administrative provision of act

Q1) Does central government has the power to make employee PF act applicable to establishment to whom this act does not applies earlier? Answer / Interpretation of Act: If any establishment is having its own rules and regulation before this act came into power then the central government may make a notification in official gazette make the provision applicable to such other establishments.(For detail information refer bare act). Related section with Bare Act:

article author One Roof Consultant

Posted On:  1 year ago


Employee Provident Fund act 1952- Recovery Provision

Q1) what are the various made of recovery of money due from the employer? Answer / Interpretation of Act: There are various made of recovery of money due from the employer under the employee PF act (For details refer bare act). Related section with Bare Act: “Section - 8, Mode of recovery of moneys due from employers Any amount due—

article author One Roof Consultant

Posted On:  1 year ago


National Pension Scheme Return Analysis and Plan Comparison

The meaning of retirement has changed a lot as compared with the past generation. Retirement is no longer about living in a joint family with children and grandchildren, with all living needs taken care of by earning members of the family. Retirement today is about financial freedom, travel, gaining new hobbies and contributing to the society. It is no surprise then that any investment option which plans for one’s retirement generates a lot of interest.

article author One Roof Consultant

Posted On:  1 year ago


FAQ on Employee Provident Fund Act 1952-Penal Provision for Non Compliance

Q1) Who is responsible in case offences is against a company employee PF act? Answer / Interpretation of Act: If any person of the establishment is committing an offence under employee PF act then every person who at the time of offence committed is in charge and responsible to the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly. Related section with Bare Act: “Section - 14A, Offences by companies

article author One Roof Consultant

Posted On:  1 year ago


FAQ on Employee Provident Fund Act 1952-Pension Scheme and Insurance Scheme under Employee Provident Fund.

Q1) what is an employee provident fund scheme? Answer / Interpretation of Act: Employee Provident Fund Schemes is framed by central government in the official gazette for the establishment of provident fund under this act Related section with Bare Act: “Section - 5, Employees' Provident Fund Schemes The Central Government may, by notification

article author One Roof Consultant

Posted On:  1 year ago


FAQ on Employee PF Act 1952-Provision in relation to Employer

Q1) what is an establishment under Employee PF act what types of establishments are covered under the employee PF act? Answer / Interpretation of Act: Under employee PF act establishment includes all department or branches of the organization whether it is located in the same place (place means city or locality) or in different place all such department and branches shall be considered as establishments under this act. Related section with Bare Act: “Establishment to include all departments and branches 2A

article author One Roof Consultant

Posted On:  1 year ago


7 new ways for individuals to save income tax and plan your investment in 2015-16

For many people tax planning is related to only makinginvestments under Section 80C. But there are different provisions in the Income Tax Act and rules which, if used judiciously, may help in considerable tax saving and proper investment Many of you might be aware of deduction in 80C, 80D, etc.

article author CA Chirag Chauhan

Posted On:  2 years ago


Know More About Form 15CA

Form 15CA is a Declaration of Remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in the hands of recipient non-resident. This is starting of an effective Information Processing System which may be utilized by..

article author Manish Savalkar

Posted On:  2 years ago


Form 15CA and 15CB- amended Rule 37BB

This article is connected with my previous article which I had wrote on January 29,2015. Thanks to all reader who wrote my articles and apologized to people who call me or ask me queries on phone and email but I am not able to reply because of my busy schedule.

article author Manish Savalkar

Posted On:  2 years ago


Problem is Ecommerce and Solution is also Ecommerce

World is going online, to what extent your business is online? This question each and every business person should ask himself/herself if one’s business is not online. Going online and selling online utilising Ecommerce is need of day, following are top 10 reasons why Indian business should be available online by selling online or at least having online presence

article author CA Nikesh Sheth

Posted On:  2 years ago


Reason for Rejection of Service Tax Return and how to reply correctly.

Most of the Assessee of Service Tax has received mail from Automation of Central Excise and Service Tax (ACES) stating some returns got rejected after uploading of the XML file for the ST3 return period 2015-2016 Apr-Sep.

article author CA Chirag Chauhan

Posted On:  2 years ago


Trust formation and registration as per BOMBAY Trust ACT 1950 - FAQ

Formation of Trust in Maharashtra requires compliance as per Bombay Trust Act 1950. The process of formation, compliance, Registration process, exemption are discussed in the following FAQ.

article author One Roof Consultant

Posted On:  2 years ago


New PAN Quoting Rules – How individual transaction are effected from Jan 2016

Every person shall quote his permanent account number in all documents pertaining to the transactions specified below. The new rule make it compulsory to quote pan at the time of opening a bank account and Demat Account, purchase or sale of goods and services of more than Rs 2 lacs.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Start a primary School in India

An article about How to Start a Primary School in India

article author CA Kapil Goel

Posted On:  2 years ago


Term Insurance v/s Traditional Insurance

Insurance Myths Simplified !!!

article author ROHIT SHARMA

Posted On:  2 years ago


IDEAL RETIREMENT PLANNING

An ideal retirement portfolio is the one that would meet the retirees financial needs until death. But the manner in which the actual funds are allocated in order to accomplish this can vary substantially depending upon number of factors. Most ideal portfolios are going to have at least some measure of the following characteristics.

article author Sanjay Pithadia

Posted On:  2 years ago


Binding Nature of Board Circulars-Confusion Settled or Created? Or Circulars contrary to SC decisions deemed as rescinded-A good start!

The binding nature of the Circulars issued by Board is the issue that has been a matter of litigation since inception. There have been a number of decisions on this matter, that too, of Supreme Courts which have added fuel to the fire of litigation. There has been a constant fight between assessees and revenue department regarding the applicability and precedential value of the circulars issued by the Board. However, it appears that the Board has resorted to put an end to this controversy by issuing clarification vide Circular no. 1006/13/2015-CX dated 21.09.2015. This circular issued by the Board is the centre of attraction of this article.

article author CA PRADEEP JAIN