CAclubindia Articles

Evolution of WCT

Posted by Kaushik Vinod 20 January 2015 14474 Views

EVOLUTION OF WORKS CONTRACT TAX (WCT) BACKGROUND:This article is basically written to give you understanding of evolution of works contract tax in India and its entire journey from beginning till date. Before I take you into the mid of ocean we have

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

Posted by CA Umesh Sharma 20 January 2015 13633 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 14925 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

Dedicated to The Institute and The Chartered Accountants

Posted by Sahil Jolly 19 January 2015 12315 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 22901 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 22251 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 29128 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 60461 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 30202 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

Excellence in Excel Series - Part IV Macros

Posted by CA ANKUSH AGGARWAL 17 January 2015 25483 Views

EXCELLENCE IN EXCEL SERIES PART IV-MACROS Hey Friends,I am back with another article on most easy and yet unpopular excel function-macros.Many of us as soons as hear the word Macros ,Only one thing comes into mind-Difficult.But friends