CAclubindia Articles

Union Cabinet approves GST Constitution Amendment Bill

Posted by Bimal Jain 19 December 2014 16799 Views

Dear Professional Colleague, Union Cabinet approves GST Constitution Amendment Bill The Union Cabinet, on Wednesday, December 17, 2014 has approved the Constitutional Amendment Bill on Goods and Services Tax (GST), taking a step towards

Reverse charge & partial reverse charge mechanism in ST

Posted by CA. K S Chauhan 19 December 2014 19347 Views

Service Tax is levied under Section 66B of the Finance Act, 1994 as amended up to date. Section 68(1) confers liability to pay service tax on service provider but section 68(2), which has overriding effect over section 68(1), confers liability to pay

Supreme Court: Mobile charger is not a part of cell phone

Posted by Sumit Grover 18 December 2014 27452 Views

Honble Supreme Court has delivered a landmark verdict in the matter of STATE OF PUNJAB & ORS. v. NOKIA INDIA PVT. LTD. & pronounced that the mobile/cell phone charger is an accessory to cell phone and is not a part of the cell phone. B

Intermediary redefined - relevance of NT 42/2012 lost?

Posted by AKASH PHOPHALIA 18 December 2014 10672 Views

Intermediary redefined relevance of Notification 42/2012 lost? With the final Budget 2014 an amendment was proposed to change the definition of intermediary. The new definition introduced the words ..or supply of

CENVAT on Capital Goods - Part I

Posted by AKASH PHOPHALIA 18 December 2014 16834 Views

CENVAT credit is available on inputs, input services and capital goods. Rule 2(a) of Cenvat Credit rules, 2004 defines "Capital Goods"

Extended period is not invocable, when penalties were waived

Posted by Bimal Jain 18 December 2014 8390 Views

Dear Professional Colleague,Extended period is not invocable, when penalties were waived off on the ground of interpretational issue being involvedWe are sharing with you an important judgment of the Honble CESTAT, New Delhi, in the case of Sa

Cenvat credit on Outdoor Catering services used in relation to business activities

Posted by Bimal Jain 17 December 2014 9212 Views

Dear Professional Colleague,Cenvat credit on Outdoor Catering services used in relation to business activities continues to be an eligible Input service even after amendment in the definition of Input services w.e.f April 1, 2011We are

What are QRcodes and how are they useful?

Posted by Harsha GP 17 December 2014 10008 Views

Last week, i tried to explain about NAS and it's uses http://goo.gl/mzaZjV, this week i'll try to shed light on QRcodes and it's limited uses!As soon as you saw the word QRcode in the title, the sqare shaped pixelated pattern comes to you

Goods & Service Tax Will Be A Reality By April 2016

Posted by Anandaday Misshra, Advocate 17 December 2014 12311 Views

The Central Government has finally agreed to many demands of various states during the most successful meeting held so far on 15th December , 2014. This is claimed to be a win win deal and passing of first hurdle in rolling out the long awaited good

Work Contractor and Rajasthan VAT

Posted by CA Ram Bajaj 17 December 2014 14635 Views

Method of Calculating the Tax liability of VAT in Work Contract:- 1. Exemption Fee Method/Composition Method2. VAT Method 1 (Actual labour deduction)3. VAT Method 2 (Standard Labour Deduction) Exemption Fee Method /Composition Method