CAclubindia Articles

MVAT Dealers, Have you checked the new "Dealer Information System"?

Posted by CA Umesh Sharma 20 January 2015 13650 Views

Karniti Part 72MVAT Dealers,Have you checked the new "Dealer Information System"?Arjuna (Fictional Character): Krishna, Sales Tax Department has introduced a new "Dealer Information System". What is it? And what should every dealer do about it? Kris

On Your Mark, Get set, Go !!

Posted by CA Harsh Kothari 19 January 2015 14946 Views

At the outset, I take this opportunity to congratulate everyone who cleared their CA Final and CPT examinations.This article is written for fresh, new, enthusiastic, excited and proud students who cleared their CA Final examinations and have now ent

All About GST and Its Background

Posted by CA Sudhir Halakhandi 13 April 2021 31636 Views

The reference of GST was first made in Indian Budget in 2006 by Mr.P Chidambaram as a single centralised indirect Tax in which tax is to collected by centre and then it is to be distributed between centre and States.This

CA Articleship - A world in itself

Posted by Akhil Gupta 04 June 2021 35537 Views

Classic infrastructure! Top clients! Time for studies! Handsome stipend! A promising career! A Big Brand name! Etc. Etc. Thats what every articleship aspirant dreams of while searching for a firm.The same feel

Dedicated to The Institute and The Chartered Accountants

Posted by Sahil Jolly 19 January 2015 12322 Views

Dedicated to The Institute of Chartered Accountants of India and The Chartered Accountants I will start with our Motto,With regard to the Institute and its members in toto. That person who is awake in those that sleep,Works day and night to take a g

Incorporation of a private limited company under Co. Act,2013

Posted by CS Umesh Navani 19 January 2015 22929 Views

The Companies Act, 2013 has put more formalities on incorporation of a company. Consequently, the cost for incorporation of a company has increased. Following is the process for incorporation of a private Limited company. Step 1-Procuring Director Id

Is reversal of input tax credit maintainable when the selling dealer's RC is cancelled?

Posted by RENGARAJ R.K 17 January 2015 22264 Views

Introduction: When a dealer purchases his inputs from his vendor and claims the eligible Input Tax Credit (ITC), with a bonafide beli

Job work-Valuation under Central Excise

Posted by PRADEEP REDDY 17 January 2015 29176 Views

A job work transaction triggers Excise Duty liability if the process involves manufacture. The consequent question that arises is how to determine assessable value of the goods involved.

Interesting View on Falling Crude Prices

Posted by CA Arindam Shukla 17 January 2015 60483 Views

Falling Crude Prices Hidden advantage to OPEC AbstractIts first time after the 2008 crisis when the Crude oil Price has declined so much. Crude oil prices have declined to $47 per barrel in the past Quarter making it difficult for

Refund of Service Tax to SEZ Unit - Notification 12-2013

Posted by CA Sunnay Jariwala 17 January 2015 30220 Views

Notification No. 12/2013 Service Tax 1. The exemption shall be provided by way of refund of service tax paid on the specified services received by the SEZ Unit or the Developer and used for the authorised operations: Provided that where the s