CAclubindia Articles

GST and Petroleum industry

Posted by Karan Teli 05 March 2015 19252 Views

Petroleum Industry has been more into picture for various issues from the day on which GST was launched robustly. Some of the insights on GST in Petroleum Industry are as follows: Petroleum Products to be part of GST regime, as tabled in 122nd Const

Path towards IFRS

Posted by Samyak Sanghvi 05 March 2015 17832 Views

INTRODUCTION Since the advent of internet, the world has shrunk, distances have lost their importance and information has no more remained the differentiating factor in this global arena. Globalization-the BUZZWORD has

Additions in Reverse Charge Mechanism

Posted by Pradeep Jain 05 March 2015 14206 Views

The budget 2015 has also bought some additions to the reverse charge list. Altogether 3 services have been added to this list w.e.f. 01/04/2015 by notification no. 7/2015 dt 01/03/2015. These are: 1. Services provided or agreed to be provided by a mu

Search and seizure under ST law

Posted by sivadas chettoor 05 March 2015 11640 Views

INTRODUCTION:The Central Excise authorities who are entrusted with the task of implementation of the service tax law enjoy wide and sweeping powers in respect of search and se

Secretarial Audit - Companies Act 2013

Posted by KASHIF ALI 05 March 2015 11985 Views

SECRETARIAL AUDIT Secretarial Audit is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc. It is a mech

VAT/CST provision relevant to proposed GST

Posted by Harsh Gadodia 05 March 2015 15198 Views

GST the biggest tax reform in India in spurring growth in the economy. It is an indirect tax that brings most the taxes which are imposed on the goods and services under single banner. As, GST is highly successful in the European and other countries,

Mandatory bomb again attacks indirect taxes in Budget 2015

Posted by Anandaday Misshra, Advocate 04 March 2015 13297 Views

Onset of Mandatory Era Indirect taxes have finally fallen and infact seems to be more obsessed with the word mandatory. In first and interim budget of Modi Government, first bomb of mandatory aspect fall on all who wanted to exhaust the remedy of ap

Highlights of Tax Proposals in Budget 2015-16

Posted by Member (Account Deleted) 04 March 2015 61186 Views

DIRECT TAXES 1. No Change to be made in Slab Rates of Income tax for Individuals, HUF, AOP, BOI and firms. 2. Corporate tax rate to reduce: Corporate tax rate to be rationalised. Earlier the Tax Rate was 30% of Income offered forTax, the same is to b

Service Tax amendments in Finance Bill 2015

Posted by CA RITUL PATWA 04 March 2015 64893 Views

The budget for the F. Y. 2015-2016 has been presented by the Hble Finance Minister, Sh. Arun Jaitely Ji on 28th February, 2015 with a focus for smooth transition of all the Indirect Taxes towards the Goods & Services Tax (GST) proposed to

Snapshot of changes from Budget

Posted by AKASH PHOPHALIA 04 March 2015 8313 Views

BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth