CAclubindia Articles

Additional services exempted under Service Tax

CA Siddhartha Bhardwaj 22 June 2012 at 12:16

The Central Government had issued N/N 12/2012 dated 17-03-2012 exempting certain taxable services from the whole of the service tax. Now, the Central Government has issued N/N 25/2012 (called the Mega Notification) dated 20-06-2012 in supersession o

Tax Saving Tips

SHIKHA SONI 22 June 2012 at 12:15

For most of the people tax savings brings to mind life insurance, PPF, NSC, and equity-linked savings scheme, among others, that qualify for tax deduction under Section 80 C of the Income-Tax Act. An individual can claim tax deduct

Deemed Sale v/s Declared Service-Controversy C/F to negative list

Pradeep Jain 21 June 2012 at 12:58

DEEMED SALE V/S DECLARED SERVICE CONTROVERY C/F TO NEGATIVE LIST An article by:- CA. PRADEEP JAIN CA. PREETI PARIHAR Introduction:- Deemed sale it is a critical aspect of the Sales Tax law and it is going to

Essentials of a CA student!

RaGHuRaM 21 June 2012 at 12:58

Hi friends! Im writing this article to highlight the most essential qualities of a CA student: Qualities which determine the success of the student in his exams and the professional career. The Qualities are: Self Confidence: The most impor

Result, Fear and Tension

*RENU SINGH * 21 June 2012 at 12:57

I guess now every professional course exams got over e.g. CA, CS, CWA finally the days of hardworking gone, owl nights full sigh I suppose everyone should be in enjoying mood and relaxed. Right We hear the slogans of being

Annexure A, Annexure B, Annexure B- Old vs. New

Dayal 21 June 2012 at 12:57

Annexure A Service tax amendments, Service receiver is liable to pay the service tax at the rate mentioned below: (Notification No. 15/2012 dated 17-03-2012 - effective from 01-07.2012 [section 68 of the Finance Act ] Sr

Procedural changes in Rule 5 of Cenvat Credit Rules, 2004

CA Vijay Sony 21 June 2012 at 12:57

It may be noted that, the department has issued Notification 27-2012 dated 18.06.2012 substituting earlier Notification No.5/2006 in respect of procedure for claiming refund claim under Rule 5 of CENVAT Credit Rules, 2004. The important procedural c

Thought Before CA and What after CA!

CA Sandeep 21 June 2012 at 12:57

Hi Pals.Serious or Humour u decide!! When i was in 11th Std (2002), i use to see some of the aged people who use to write some exams with the younger ones.. I started guessing which must be this exam?? IAS, MBA, B.com naa.. Until to my surprise w

Why service tax is payable on raising of invoice

Arun Jain 21 June 2012 at 12:57

A rule under service tax got changed on 1 July 2011 that was an important rule, rule of Service Tax liability. When does service provider's liability arise to submit service tax to government. Earlier Practice : - Service Tax Payable wh