CAclubindia Articles

Procedural changes in Rule 5 of Cenvat Credit Rules, 2004

Posted by CA Vijay Sony 21 June 2012 36288 Views

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!

Posted by CA Sandeep 21 June 2012 28221 Views

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

Posted by Arun Jain 21 June 2012 83376 Views

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

New Law on Service Tax- -Gist of New Notifications

Posted by CA Nikhil Jhanwar 21 June 2012 31005 Views

New System of Taxation - Service Tax Old Notification New Notification Particulars 11/2012- 17.03.2012 24/2012- 05.06.2012 ST Valuation Rules

Questioning the Indian tax system?

Posted by Paras 19 June 2012 15192 Views

Hey guys this is my first article on CCI. Thanking the CCI for reviewing & selecting my article. I aim at planting a good idea in your mind after you are through this. I was wondering, if a natural calamity like earthquake, tsunami strikes M

Whether F form is required if goods are sent inter-state

Posted by Amit Bajaj 19 June 2012 48519 Views

Whether F form is required if goods are sent inter-state for job work or repairs? Section 6A of CST Act, 1956 provides that if a dealer claims that he is not liable to pay CST on an interstate movement of goods due to the reason that it is not sa

Works Contract vs. Commercial or Industrial Construction

Posted by Bimal Jain 19 June 2012 74537 Views

Works Contract viz-a-viz Commercial or Industrial Construction Services Valuation & Abatement Issues -Budget 2012 Recently Service Tax (Determination of Valuation Rules), 2012 vide Notification No. 11/2012 S.T dated 17.03.2012 ame

Why did they join CA?

Posted by Deepak kumar sharma 18 June 2012 34495 Views

Chartered Accountancy is a prosperous professional career in India. Chartered Accountants enjoy a statutory monopoly in audit of financial statements under various statutes in India. Apart from professional practice, some CAs work in industry as fin

Forex Basics

Posted by *RENU SINGH * 18 June 2012 25651 Views

Forex market is the biggest market of the world which has a daily turnover of 4 trillion $. It is also known as FX in short term. In forex market currencies of different countries are exchanged for the purpose of trading. There are 3 layers of for

Taxation of Food Allowance in the hands of Employer/ee

Posted by arun 18 June 2012 179791 Views

Taxability in the hand of company and employee of free food In todays competitive environment the employers are constantly working hard with their Human resource department to lure their talented employees to retain them for future. For thi