CAclubindia Articles

F.O.R. Destination - Inclusion or exclusion of freight charge

Posted by Prabhat Kumar 05 November 2014 23778 Views

Excise duty is payable on the manufacturing or production of the goods. The amount of excise duty to be paid depends upon the assessable value of the goods. The duty is to be paid on the removal of the goods from the factory premises or any other pla

Govt. invites suggestions for Union Budget 2015

Posted by Bimal Jain 05 November 2014 11528 Views

In the context of formulating the proposals for the Union Budget of 2015-16, the Ministry of Finance vide MOF DOR TRU letter in F. No. 344/20/2014-TRU dated October 27, 2014 has invited suggesti

Do's and Don'ts in Mandatory Pre-Deposit during Appeals under Service Tax

Posted by Ravi Kumar Somani 04 November 2014 17658 Views

Litigation under service tax starts by issuance a Show Cause Notice under the provision of section 73 of th

What is the colour of my money - Black or White?

Posted by CA Umesh Sharma 03 November 2014 23409 Views

Karniti Part 61What is the colour of my moneyBlack or White?Arjuna (Fictional Character): Krishna, why is there such a lot of confusion over on the colour of money? Supreme Court, Government and citizens are all busy in the discussion of the

Update on Indirect Tax - Service Tax and Excise for the month of Nov 2014

Posted by TARUN KUMAR GUPTA 03 November 2014 28742 Views

A. Service Tax 1. Service Tax payment for the month of October, 2014 is due for payment on 6th November, 2014 for assesses excluding Individual, Proprietary Firm, Partnership Firm or LLP. It is now mandatory for all assesses w.e.f. October 1, 2014, t

Changes in auditor appointment

Posted by CA Vikas Garg 01 November 2014 43704 Views

Hello Frnds,As we know there are continuous going changes on Compliance of Co Act 2013. This time MCA has done before some days " NOTIFY" Form ADT-1 for Auditor Appointment w.e.f. 20th October 2014.Before notify this form we were submitti

Point of Taxation Rules

Posted by Annu Agarwal 31 October 2014 125809 Views

Point Of Taxation Rules,2011We all know that there are several rules in Service tax like the Service Tax Rules,The Cenvat Credit Rules,Valuation Rules,Place of Provision rules.Likewise we have Point of Taxation Rules which define the point in time wh

Updates under Central Excise & Service Tax

Posted by Venkatanarayana GM 30 October 2014 37265 Views

Important Updates under Excise - October 2014 Board has come up with the clarity that, determination of place of removal which is recently defined in Cenvat Credit Rules 2004., inserted by way of notification no 21/2014 C.E (NT) date

Requirement of filling Service Tax Returns by Small Service Providers

Posted by CA. Rajeev K. Sharma 30 October 2014 34279 Views

We all are well familiar with the ever green contest between the Revenue and the Assessee,be it a taxing issue or an issue of relief. The learned officials of the Department are issuing Show Cause Notices to the Small Service Providers of nonfillingo

What should I opt in Articleship - Audit or Tax

Posted by Nimish Goel 30 October 2014 110730 Views

A very typical situation which articleship poses in front of every chartered accountancy student is the vertical or field in which he/she should do articleship. Although, this kind of situation is generally faced when one is doing articleship from a