Prudent Business Solutions India Private Limited

Prudent Business Solutions India Private Limited We are providing: 1. VIRTUAL CFO Hiring a full-time professional CFO may not be in the budget of a small and medium sized enterprise. Startups and SMEs are increasingly recognizing the need to have professional CFO services and realize that managing a business’s finance and accounts, compliances, corporate governance, reporting and strategic requirements are important tasks. Our solution is execution focused. We are offering Virtual CFO, high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. We oversee the complete finance and accounts function and provide day-to-day oversight, mentoring and support to the client’s Accounts team and management. Other Services are:- 2. BUSINESS REGISTRATION SERVICES 3. ACCOUNTING AND BOOK KEEPING 4. TAXATION 5. ACCOUNTING SOFTWARE
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We are providing:
1. VIRTUAL CFO
Hiring a full-time professional CFO may not be in the budget of a small and medium sized enterprise. Startups and SMEs are increasingly recognizing the need to have professional CFO services and realize that managing a business’s finance and accounts, compliances, corporate governance, reporting and strategic requirements are important tasks.
Our solution is execution focused. We are offering Virtual CFO, high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. We oversee the complete finance and accounts function and provide day-to-day oversight, mentoring and support to the client’s Accounts team and management.
Other Services are:-
2. BUSINESS REGISTRATION SERVICES
3. ACCOUNTING AND BOOK KEEPING
4. TAXATION
5. ACCOUNTING SOFTWARE

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WHO WE ARE

I would like to introduce our company Prudent Business Solutions India Private Limited that has been in business of Management Consultancy for the past 6 years.
We are Competent, decisive and dedicated professionals poised to deliver responsible growth and genuine results. We have Rich mix of technical accounting, operations, analytical skills and leadership talents complement advanced finance studies. A change agent; acknowledged for balanced judgment, stability, and capacity to steer consensus among core business disciplines with diverse agendas and visions.
We have been an established and popular company with an excellent track record for the best customer satisfaction. We have never compromised on the quality and the services provided to the customer. We believe in keeping the clients happy and providing them with Quality services at a very competent price. We have an excellent staffs who will guide you with their best ideas by keeping in constant touch with your company and keep you updated with recent amendments.
Last but not the least; it was appreciated by few of our clients on our quality services. Also, they found that their valuable time is saved as our experts could pro-actively give them a sound advice & assist by keeping in constant touch and updating valuable information from time to time.
We act as a single window solution for your business, which means lifelong association.
Please feel free to keep in touch with us about any of your business related requirements/queries. Please note that we also specialize in Accounting & taxation.
We would like to offer our Consulting service to your concern. If you are interested, please may contact us for further discussion at a time convenient to you.
Thanks & regards,
Sanish P Balan,
Sd/-
DIRECTOR / CEO
Our Passionate Team
#1.Mr.Sanish P Balan - Director
Founder of Prudent Business Solutions India Private Limited.
Qualifications
B.com Finance & Taxation
M.com Finance & Taxation
Professional Competence Course - PCC [Institute of Chartered Accountants of India]
ADDITIONAL QUALIFICATIONS
i.ADCFA [Advanced Diploma in computerized Financial Accounting]

ii.Registered Sales Tax Practitioner,
Registration No:619/2011
Authorized by The Commercial Tax Department
Department of Revenue - Kerala

iii.Registered Tax Return Preparer
TRP ID: 046081
Authorized By Ministry of Finance (Dept. of Revenue - INDIA)
Central Board of Direct Taxes [Vide S.O 2039(E) Dated 28.11.2006]

iv. Certified Business Insurance Consultant
Certified by Insurance Regulatory & Development Authority of India - IRDA

#2. Mr.Midhu N.S - Director
Qualifications
B.Com Taxation
M.com Taxation
ADDITIONAL QUALIFICATIONS
a).Kerala Commercial Tax Department authorized Sales Tax Practitioner
#Specialized in Works Contract.

Our Professional Advisory & Support Members Panel
#1.C.A Roopesh Venugopal ACA– Chartered Accountant
#2.C.A Anoop Raj M B.COM, ACA – Chartered Accountant
[Positioned as Finance Manager of DDRC SRL Diagnostic Services for 3Years]
#3.Adv.Aji V Dev MA.LLM – Advocate [High Court of Kerala]
#4.Adv.Devi A.C – Advocate [High Court of Kerala]


Virtual CFO Service
Hiring a full-time professional CFO may not be in the budget of a small enterprise. Startups and SMEs are increasingly recognizing the need to have professional CFO services and realize that managing a business’s finance and accounts, compliances, corporate governance, reporting and strategic requirements are important tasks.
Our solution is execution focused. We are offering Virtual CFO, a high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. We appoint a trained person in your office but in our payroll and under our supervision for doing day to day transactions. We oversee the complete finance and accounts function and provide day-to-day oversight, mentoring and support to the client’s team and management.

Other Services Offered
1.Statutory Registration & Compliance
 Company Registration
 LLP Registration
 Firm Registration
 Central Excise, Service Tax and Customs
 KVAT & CST
 Kerala Shop & Commercial Establishment Act
 ESI & PF Registration
 FSSAI Registration
 Professional Tax Registration (PTR)

2.Accounting and Inventory Management Service
 Computerized Book Keeping and inventory management
 ERP Implementation

3.Payroll Service
 Salary Structuring & Salary Processing
 ESI, EPF & Other Statutory Compliance
 Tax Planning

4.Management Financial Reporting
5.Training Services
 Accounting for non financial Managers
 Financial Analysis for Managers

6.Internal Audit Services
7.Taxation Service
 VAT Return Filing
 Service Tax Return Filing
 TDS Return Filing
 Income Tax Computation & Return Filing

8.Consultancy Services
 Investment Advise & Tax planning
 Project Planning & CMA Report For Loan Financing
 Design & Implementation of Internal Control System
 Design & Implementation of Accounting System

9.Insurance Consultancy
 Key-man Insurance
 Employee Employer Insurance Scheme ... Etc
 Investment Advise



Regd Office: ERNAKULAM: Revathy, MIG 435, 9th CROSS ROAD, Panampilly Nagar, PIN: 682036, Ernakulam, Kerala, India, Phone Number: 0484 4012161, Mobile: +91 8129369292, Email: pbskochi@gmail.com. Br. Offices: MUVATTUPUZHA: #VI/577 M, Second Floor, Keepanasseril Building, Velloorkunnam, Muvattupuzha, Ernakulam, PIN: 686673 Kerala, India. KOLENCHERY: 1st Floor, Chitethuparayil Arcade, Kolenchery -682311. PALAKKAD: Kudu Building, Mannarkad, Palakkad, Kerala, India.

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IN THE CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL
SOUTH ZONAL BENCH, CHENNAI
ST/485 & 486/2011
ST/40232 & 40233/2013
(Arising out of Order-in-Appeal No. 164/2010 dated 15.10.2010; Order-in-Appeal No. 210/2010
dated 15.12.2010; Order-in-Appeal No. 131/2012 dated 30.6.2012 and Order-in-Appeal No.
219/2012 dated 12.9.2012 passed by the Commissioner of Central Excise (Appeals),
Tiruchirappalli)
M/s. Thanjai Study Centre - Appellant
Vs.
CCE, Trichy - Respondent
Appearance
Shri N.K.Bharath Kumar, CA for the Appellant
Shri L. Paneerselvam, AC (AR) for the Respondent
CORAM
Honble Shri R. Periasami, Technical Member
Honble Shri P. K. Choudhary, Judicial Member
Date of Hearing: 23.07.2015
Date of Pronouncement:24.08.2015
Final Order No. 41001-41004 / 2015
Per P.K. Choudhary
All the four appeals are taken together as the issues are common and identical in nature.
2. The adjudicating authority has confirmed the demand of service tax under commercial coaching and training under Section. 73(2) of Finance Act, 1994. Commissioner (Appeals) has upheld the order.
3. Ld. Consultant for the appellant submits that they are providing distant education as per the agreement between Alagappa University, Karaikudi & Periyar University, Salem and the coaching is offered as per the University Curriculum and the students appear for examination and the degrees are awarded by the respective Universities. He drew attention to MOU dt.1.5.2009 signed between Alagappa, Karaikudi Universities and the appellant. They have no direct role and is controlled by the universities. Accordingly, both curriculum and fees are decided by the university as per the agreement. He submits that this issue has already been settled by various orders of the Tribunal. One of such order is reported in 2010-TIOL-1753- CESTAT-MAD in the case of JMC Educational Charitable Trust Vs CCE Trichy and also in the case of Trichy Institute of Management Studies (P) Ltd. Vs CCE Trichy 2011-TIOL-789-CESTAT-MAD and Trichy Institute of Management Studies (P) Ltd. Vs CCE Trichy 2011-TIOL-1521-CESTATMAD.
4. On the other hand, Ld. AR reiterated the findings of the adjudicating authority in para 10 of the OIO. He submits that as per Notification No.10/2003-ST dt. 20.6.2003, exemption is not applicable and the charges are paid by the person directly to the centre in this case. Charges are collected by appellant. He submits that department has already filed appeal against Tribunal's order in the case of JMC Educational Charitable Trust (supra). He relied the citation of Great Lakes Institute of Management Ltd. Vs CST Chennai - 2013 (32) STR 305 (Tri.-LB).
5. In counter, ld. consultant submits that Tribunal's Larger Bench decision is not applicable to their case and they are not rendering commercial coaching and they are directly under the control of universities. He drew our attention to para 3 of the Tribunals order in the case of Trichy Institute of Management Studies (P) Ltd. Vs. CCE, Trichy (supra).
6. We have heard both sides and on perusal of the records and also the decisions as cited above, we find that the appellants claims that the Institution run by them is like a parallel college and the students are obtaining degrees from Alagappa University at Karaikudi and Periyar University at Salem through the distant education programme is supported by the memorandum of understanding submitted by them. The Kerala High Courts decision in the case of Malappuram Distt. Parallel Colleges Association Vs. Union of India 2006-TIOL-35-HC-KERALAST has held that the provisions of Finance Act, 1994 authorising levy of service tax on parallel colleges are arbitrary and violative of Article 14 of the Constitution of India. It has also been held by the Honble Kerala High Court that levy of service tax for services rendered by parallel colleges, which indirectly falls on students but while simultaneously provided exemption to regular affiliated college allowing students therein to study free of tax, is patently discriminatory and violative of Article 14 of the Constitution. Following the decision of the Honble High Court of Kerala in the case of Malappuram Distt. Parallel Colleges Association Vs. Union of India (supra), the Tribunal in the case of Trichy Institute of Management Studies (P) Ltd. Vs. CCE, Trichy 2011-TIOL-789-CESTAT-MAD held as follows:-
3. The identical issue in the case of the same assessee came up before the Tribunal as mentioned herein above and the Tribunal has held as follows :-
4. We have considered the arguments advanced on behalf of the appellants. Their claim that the institution run by them is like a parallel college and that the students are obtaining degrees from the Alagappa University through the Distance Education Programme is supported by the Memorandum of Understanding submitted by them. We have perused the decision of the Hon'ble Kerala High Court in the cited case of Malappuram Distt. Parallel College Association (supra). It has been held by Hon'ble Kerala High Court in the cited case that the provisions of the Finance Act, 1994 authorizing levy of service tax on parallel colleges are arbitrary and violative of Article 14 of the Constitution of India. It has also been held by the Hon'ble Kerala High Court that levy of service ax ( sic) for services rendered by parallel colleges, which indirectly falls on students, but by simultaneously providing exemption to regular affiliated colleges allowing students therein to study free of tax, is patently discriminatory and violative of Article 14 of the Constitution of India.
5. Following the ratio of the cited decision of the Hon'ble Kerala High Court, which has been followed by the Tribunal in the case of JMC Educational Charitable Trust vs. CCE, Trichy vide Final Order No. 1027 dated 23.9.2010, we are of the view that the levy of service tax in respect of the training and coaching provided by the appellants which form an essential part of a course or curriculum of a university, leading to issuance of certificate or diploma or degree to the students recognized by law is not justified, even though the same is obtained by the students of the institution run by the appellants through Distance Education Programme. Hence, the impugned order is set aside and the appeal is allowed.
7. Respectfully following the decision of the Honble Kerala High Court in the case of Malappuram Distt. Parallel Colleges Association Vs. Union of India (supra) which has been followed by the Tribunal in the cases of Trichy Institute of Management Studies (P) Ltd. (supra), M/s. JMC Educational Charitable Trust Vs. CCE, Trichy (supra), JMC Educational Trust Vs. CCE, Trichy 2011-TIOL-410-CESTAT and Trichy Institute of Management Studies (P) Ltd. Vs. CCE, Trichy 2011-TIOL-1521-CESTAT, we are of the view that the levy of service tax in respect of training and coaching provided by the appellants which form an essential part of a course or curriculum of a University, leading to issuance of certificate or diploma or degree to the students recognized by law is not justified. Accordingly, the impugned orders are set aside and the appeals are allowed with consequential relief, if any.
(Pronounced in open court on 24.8.2015)
(P.K. CHOUDHARY) (R. PERIASAMI)
Judicial Member Technical Member


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