I am deeply moved by the high honour you have accorded to me. For revenue audits tax audit is basically an expenditure audit and valuation audit in central excise is beyond the transaction value. Will this work out? There is no additional consideration flowing from buyer to seller and whole transaction is bonafide: Thus, the lower price or higher price charged on customers would get evened out over a period of time. Can I still appear for it?? Hi, I have finished my engineering.
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No doubt, the Court has observed extraordinary event of sale calls for different treatment in the assessment of duty.
I wish to register for the intermediate level The committee is still working on: Name of Candidate Votes S. I am deeply moved by the high honour you have accorded to me. However, what the Counsels and the Court failed to observe is that in the reverse situation: However on reading of the present rules it appears that the cost records have been prescribed only for the sectors where audit is felt necessary. Wednesday, December 4, 4: Add me to the Community. Therefore, there is no dispute between the Company and the Dept.
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CBDT extends taxman's deadline to December 31 for The excerpts from the said section are reproduced below: Each Branch having more than Members shall be go Such honour exalts the occupant of this office, even as it ov that they rise above personal or partisan interests in the service of this august Profession.
This will facilitate focus shift to the enterprise governance.
The Supreme Court has opined that i. Once the normal price at which the goods are sold is available, the Revenue cannot reject the normal price merely because it is less than the cost of production, iii.
Environmental Studies Certificate in Environment Studies. Write a comment Write a comment Without Cost Audit in Manufacturing Sector whether in Private or Public sectorConsumer will face very high prices in each sector, where there will be no control over Price fixation.
Flaws in the framing of the Rules. College Of Commerce M. About Certificate Course; The Government has implemented the country' s. The Commission has also imposed penalty on the Cement Manufacturers Association.
This fact has also been corroborated by the Dept. Utility of Cost Records: Similarly, the said provisions of the Act are applicable only where buyer and seller are related persons. Also I have read some computer subjects during my graduation As this is a postal coaching, I plan to complete it in three years and work alongside for work experience.
Vision with action can change the world. Any undertaking owned icawi controlled by the Government Company, b. The valuation has to be done in accordance with Section 4 1 b of the Act read with the Valuation Rules.
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I shall be graduating in June Forcing to act, motivating and guiding is different but we should not blame all for wrongful acts of few. It will surely give power to the profession. No prudent businessman would like to incur losses artificially by keeping his selling price at below the cost.
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