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Tuesday, October 29, 2013

CA FINAL – INDIRECT TAXATION - IMPORTANT AREA’S FOR THE NOVEMBER 2013

CA
FINAL – INDIRECT TAXATION - 

IMPORTANT AREA'S FOR THE NOVEMBER 2013

by.  CA. S. SEETHARAMAN



CENTRAL EXCISE



1.     
Transaction
Value Problem



2.     
MRP
Valuation



3.     
CENVAT



a.      
Application
of  Theory - Definition



b.     
Problem
- Reversal of Cenvat By Banking services / NBFC 



c.      
Theory
– R-7 & 7A ISD /R-10A  SAD/ R-12A LTU



4.      Penalty on  failure
to pay the amount on removal of inputs/capital goods as such, removal of
capital goods after use and writing off the value of the inputs/capital goods
(refer RTP Nov 13- Pg-142).



5.      Excise Returns (Especially ER-7 & 8)



6.      Who can apply to Advance Rulings – (refer RTP Nov 13- Pg-144).



7.      Recovery procedure against confirmed demand orders –(refer RTP Nov 13-
Pg-145).



8.      Case Laws In Excise



1)      Basis –



a.       Commissioner v. Steel Authority of India Ltd.
2012 (283) E.L.T. A112 (S.C.)



b.      CCE v. Osnar Chemical Pvt. Ltd. 2012 (276) E.L.T. 162 (S.C.)



2)      Classification –



a.       CCEx. v. Connaught Plaza Restaurant (Pvt) Ltd.
2012 (286) E.L.T. 321 (S.C.)



b.      CCE v. Wockhardt Life Sciences Ltd. 2012 (277) E.L.T. 299 (S.C.)



3)      Valuation –



a.       Tata Motors Ltd. v. UOI 2012 (286) E.L.T. 161
(Bom.)



4)      CENVAT



a.       CCEx v. Cadila Healthcare Ltd. 2013 (30)
S.T.R. 3 (Guj.)



b.      Sintex Industries Ltd. vs. CCEx 2013 (287) ELT
261 (Guj.)



5)      SSI



a.       CCEx vs. Australian Foods India (P) Ltd 2013
(287) ELT 385 (SC)



b.      Commissioner v. Elex Knitting Machinery Co. 2012 (283) E.LT. A18 (S.C.)



6)      Others



a.       Jay Kumar Lohani v. CCEx 2012 (28) S.T.R. 350
(M.P.)



b.      C.C.E. & C. v. Gujarat Narmada Fertilizers
Co. Ltd. 2012 (285) E.L.T. 336 (Guj.)



c.       CCEx. v. Castrol India Ltd. 2012 (286) E.L.T.
194 (Bom.)



d.      Mihani Network v. CCus. & CEx. 2012 (285)
ELT 182 (MP)



e.       Nanumal Glass Works v. CCEx. Kanpur, 2012
(284) E.L.T. 15 (All.)



 



SERVICE
TAX;



1.      Negative List (Especially Agriculture, Advertisement, Toll Collection
& Education)



2.      Declared Services  + Valuation
=> Work Contract & Construction Services



3.      POT – Rule 4, 7, 8 & 8A



4.     
POPs - Wipro
Ltd. v. Union of India 2013 (29) S.T.R. 545 (Del.)



5.     
MEN – Education Service/
Parking/ Service to Aircraft/ Hotel Accommodation



6.     
Reverse Charge – GTA/
Security/ Director



7.      Case Studies –(refer RTP Nov 13- Pg-154).



8.      Case Law –



a.       DBOI Global Service Pvt. Ltd. v. UOI 2013 (29)
S.T.R. 117 (Bom.)



b.      Intercontinental Consultants & Technocrats
Pvt. Ltd. v. Union of India 2013 (29) S.T.R. 9 (Del.)



CUSTOMS



1.     
Define Derelict,  Flotsam,  Jetsam
and  Wreck



2.     
Valuation Problem – Assessable Value/ Duty Liability



3.     
Baggage's



4.     
Duty Drawback – Problem



5.     
Case Law



a.      
Uniworth Textiles Ltd.
vs. CCEx. 2013 (288) ELT 161 (SC)



b.     
Thakker Shipping P. Ltd.
v. Commissioner of Customs (General) 2012 (285) E.L.T. 321 (S.C.)



VAT



1.     
Variants of VAT



2.     
Method of Computation of VAT



3.     
Practical Problem – ITC based (CST + Stock Transfer+
Captive Consumption + Free)



4.     
Eligibility/ Merits & Demerits of Composition
Scheme



5.     
VAT Incentive



6.     
VAT & Hire Purchase / VAT & Works Contract



 



NOTE: The above questions
shall be given priority in the preparation.



 



------------ALL THE BEST-----------






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Saturday, October 26, 2013

CA IPCC & Final Costing clz - May 14 Exam

CA IPCC & Final



costing



Regular class



for May 2014 CA EXAM



IPCC



Costing & FM



4 Months class 



10am – 1pm



T/T&Sat. day



Form
28/11/13



 



1 Month class



5.30pm – 8.30pm



Mon to Fri.



From 1/1/2014



 



Final



AmA



(Costing & qt)



4 Months class



6.30 – 8.45am



T/T&Sat. day



Form
28/11/13



 



1 Month class



10am – 5pm



Mon to Fri.



From 1/1/2014



 



(Free
– Work book, Costing Theory book , AMA text book & QT Text book + 
15 Compulsory model
exams
)



 



Fully Air-Conditioned Class room



@



PREMIER ACADEMY 



No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28,   099400-13982/  098414-13755  
visit www.cahariharan.blogspot.com
; www.premieracademy.in






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Thursday, October 10, 2013

Auditing & ISCA Crash clz

PREMIER ACADEMY 



No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp.
to TVS Showroom, Mandaveli, Chennai – 28,  
99400 13982/ 98414 13755 visit www.cahariharan.blogspot.com



4 days class



From 12th Oct.



for Nov 2013 CA EXAM



Final  - Auditing         6.30 am to 1 pm



Faculty : CA.Vikas oswal



 



Final  - ISCA                  2pm
to 8 pm       



Faculty : Dr. BVN.Rajeswer



 



IPCCAuditing         2
pm to 8.30 pm



Faculty : CA.Vikas oswal



 



Model exam
for CA IPCC & Final at PREMIER ACADEMY. 


Ct. CA.SWAPNA
099400-13982.


Visit : 
www.premieracademy.in






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Friday, October 4, 2013

May 2014 AMA & FR Regular Class - CA Final

CA final



Regular class



( 4 months )



for May 2014 CA EXAM



Advanced Management Accounting



(Costing & qt)



From 28th Nov.



T/T/S  class 6.30 am to 8.45 am



(Free
– Work book, Costing Theory book , AMA text book & QT Text book + 
15 Compulsory model exams)




Financial Reporting



(A/c)



From 29th Nov.



M/W/F class 6.30 am to 8.45 am

Faculty



Costing : CA.K.HARIHARAN



      QT    : Dr.P.R.Vittal  & CA.Seetharaman



FR          : CA. K.
Shanmuganathan






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Thursday, October 3, 2013

IMPORTANT THEORY QUESTIONS - AMA - CA Final 2013

PREMIER ACADEMY



No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp.
to TVS Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661405 visit www.cahariharan.blogspot.com



*** **** *** *** *** *** *** *** ***
*** *** *** ***



 



IMPORTANT THEORY QUESTIONS



ADVANCED MANAGEMENT ACCOUNTING



FOR CA Final – Nov. 2013 EXAM



 



1. Distinguish
between:



·       Value engineering and Value analysis



·       Partial plan and single plan



·       Traditional management accounting
and  value chain analysis



·       Traditional absorption costing and ABC



·       Value added & non-value added
activities



·       Monopolistic competition vs. oligopoly



·       Going rate pricing and sealed bid
pricing



·       Skimming pricing and penetration pricing



·       Dual rate and two part transfer pricing



2. Short notes on:



·       Six sigma



·       Continuous process improvement.



·       Dual plan



·       Curvilinear CVP analysis



·       Throughput accounting



·       Committed Cost



·       Cost plus pricing



·       Business process re-engineering



·       Price discrimination



·       Peak load pricing



·       Six C's and 4P's are of TQM



·       Continuous process improvement



 



3. Discuss disposal of
variances in standard costing



4. Three core concepts of
TQM



5.
Discuss the non-cost factors to be considered for deciding in favour of shut
down



6.
Discuss the assumptions to be considered under CVP.



7.
Identify the circumstances it may be justifiable to sell at a price bellow
marginal cost



8.
Discuss the limitations of using the marginal costing technique



9.
Identify the Non-cost factors to be identified in making make/buy decision.



10.
Briefly explain the advantages of Zero based budget.



11.
Discuss the objectives of transfer pricing system and various methods of
Transfer pricing.



12.
Brief on how the Transfer pricing conflicts can be resolved effectively?



13.
Disadvantages of treating divisions as profit centres



14.
List down the important features of target costing system



15.
Highlight the points to be borne in mind before implementing a target costing
system.



16.
What is the significance and features of product life cycle costing.



17.
Briefly explain objectives & pre-requisite of uniform costing



18.
Pre-requisites of installing inter-firm comparison system



19.
Identify the Steps involved in value chain analysis approach for assessing
competitive advantages.



20. List down method of costing to be
adopted in service sector



21. Identify the conditions to be
satisfied for a cost to be classified as relevant cost.



22. Area in which applications of
incremental cost techniques in making managerial decisions



23. Identify the need for ABC costing.



24. Discuss various types of activities.



25. Identify the areas where ABC can be
used as a decision making.



26. Discuss various types of Competitive
pricing



27. List down the conditions to be
satisfied for price discrimination



28. Identify the pricing practices where
non-cost reasons are important in setting prices.



29. Define Pareto analysis and its area
of application.



30. Brief on stages in the
implementation of TQM.



31. How effective is JIT in elimination
of wastage of resources.



32. What do you mean by back flushing in
a JIT system?



33. List down the
objective of Material requirement planning



34. List down the minimum
data requirements to operate MRP system.



35. List down the goals and performance measures for each perspective of
balance scorecard.





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