tag:blogger.com,1999:blog-18657108263161801292023-06-20T06:25:22.237-07:00Use of Indelible Ink - Common Man or Con ManCMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1865710826316180129.post-32819766073393690072016-11-15T09:52:00.001-08:002016-11-15T18:05:19.016-08:00Controversies Surrounding the Demonistization move - Use of Indeliable ink : Common Man or Con Man
DAY - 7
Genesis 2:2
By the seventh day God completed His work which He had done, and He rested on the seventh day from all His work which He had done.
It is really not right to believe that the Genesis of New notes on 08-Sep-2016,could have been completed within this time frame. After all, we really are not Gods.
There is no doubt that the move by PM Modi to abolish the Rs.1000 & Rs.500 CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com0tag:blogger.com,1999:blog-1865710826316180129.post-32234323039697442162016-11-14T10:37:00.002-08:002016-11-14T20:46:43.925-08:00Much Ado about Nothing - PM Modi's decision to Demonitize Rs.1000 & Rs. 500, Reason for introduction of Rs.2000/- note & the Timing
In one of the most thunderous political decision of the decade, PM Modi has declared that Rs. 1000 and Rs. 500 notes will cease to have legal tender as on mid night of 08-Nov-2016. However, this declaration of war on 'Black Money' can in no way be termed as 'Surgical Strike'. As it turned out that the collateral damage upto and including the Sixth Day running is even massive than the CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com0tag:blogger.com,1999:blog-1865710826316180129.post-88358438637186368802012-04-08T22:49:00.000-07:002012-04-08T22:49:13.860-07:00Issues (Resolved) in e-payment of Advance Tax under Kerala VAT- (Contd.)
In the first part of the above post I had pointed out that "Unless and until a specific utilisation is generated for the amount remitted as Advance Tax, the credit for the same will not be available to the dealer in the next return.'i.e. Advance tax remitted will lie idle without showing any credit in name of the dealer, though the dealer has remitted the same to the department."
In one CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com0tag:blogger.com,1999:blog-1865710826316180129.post-44762031960002308392012-02-22T03:02:00.001-08:002012-02-22T03:11:38.935-08:00Issues in e-payment of Advance Tax under Kerala VAT
The Kerala Commercial Taxes department prides itself on being in the forefront of computerisation initiative of VAT administration in the country. This has led to 100% e-filing of returns by all registered dealers. The enabling of e-payment of taxes from 01-09-2009 onwards (compulsoy e-filing of returns was introduced from 01-01-2009 onwards) has helped a great deal to simplify the tax CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com1tag:blogger.com,1999:blog-1865710826316180129.post-79489877136464991412012-02-06T03:17:00.000-08:002012-02-06T03:27:00.323-08:00KERALA VAT
The Kerala Value Added Tax Act, 2003(30 of 2004)was passed by the Kerala Legislative Assembly in 2003. It received the assent of the President of Indian the 10th
December, 2004 and was published in the Kerala Gazette Extra ordinary dated As per notification issued in G.O.(P) No.19/05/TD dated 9the February, 2005 and published as SRO.139/2005 in the Kerala Gazette Extraordinary No.315 dated CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com2tag:blogger.com,1999:blog-1865710826316180129.post-55710531361688022332012-02-06T01:21:00.000-08:002012-02-06T01:25:45.592-08:00Introduction to VAT
VAT or Value Added Tax is nothing but our good old Sales Tax with the key difference that the cascading effect of Tax is (i.e. Tax on Tax) eliminated ( so they say!) . The VAT system also envisions reduction in the number of Tax evasion cases by creation of traceable 'Audit Trail'. The following table might shed some light on the real world situation,
Seller
Buyer
CMA Bino P. Mathaihttp://www.blogger.com/profile/12402457027019674854noreply@blogger.com0