CAclubindia Articles
GST in time deadlock
GST BillLok Sabha has finally passed the GST Amendment Constitutional Bill on 5th May 2015 . The GST Bill no. 192 of 2014 will result the 122th amendment in Constitution of India GST is an indeed path breaking tax reform since 1947 in India . Goods a
All about GST
The Goods and Service Tax (GST) is a tax likely to be implemented in India, from 1st April 2016. GST is proposed to be a comprehensive indirect tax to be levied on manufacture, sale and consumption of goods as well as services at the national level.
Note on Income Computation and Disclosure Standards (ICDS)
INCOME COMPUTATION AND DISCLOSURE STANDARDS CBDT vide its Notification No: 32/2015 dated 31-03-2015 notified 10 Income Computation and Disclosure Standards (ICDS); which are to be followed at the time of computation of income chargeable to income ta
Proposed changes in provisions for TDS u/s 194C for transporters
Proposed amendment in the TDS provision u.s 194C applicable on payments to transporters vide Finance Bill, 2015 CURRENT SCENARIO:Under the existing provisions of sub section (6) of section 194C of the Income Tax Act, 1961, there is no deduction of ta
Goods and service tax: Implications
The much awaited GST (Goods and Service Tax) Bill was recently passed in Lok Sabha. Unfortunately though, a lot of individuals did not pay heed to this news because a Bollywood celebrity was sentenced to some punishment on the date of this important
CBEC clarifies - Dealer Registration not mandatory for transit sale
Background: Vide Notification No. 8/2015-C.E. (N.T.), dated March 1, 2015, the following provisos were added to Rule 11(2) of the Central Excise Rules, 2002 (�the Excise Rules�) "Provided also that if the goods are sent directly to a
Secretarial Standards: Stricter norms for conduct of board and shareholders meet
Introduction:The Institute of Company Secretaries of India (ICSI) has long back introduced some set of rules and norms, which are supplementary to the Companies Act, 1
New online registration system for MVAT and CST
Background : With reference to my previous article on revised registration procedure as per circular 4T of 2015, where common form for registration of MVAT\CST\PTRC\PTEC. Now Department has come up with new circular 5T of 2015 dated 0
Service Tax on E-Commerce transaction under Aggregator Model
(Tax on Reverse Charge Notification No. 30/2012 as amended by Notification 7/2015) In the budget 2015, An aggregator has been made a person liable to pay service tax in case service i
Understanding private equity for start-ups
The popularity of Private Equity investment has grown rapidly over the last decade. Private equity investment usually refers to an equity investment in a potentially successful company that is not traded publicly in the stock market. Private equity i
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