Icai going against rules... lets protest

1210 views 7 replies

My Dear Student Friends and Members,

 

I would like to bring to your notice 1 very important fault of ICAI. I am in continuous touch with ICAI on resolving it for the benefit of both IPCC & Final Students.

 

If any of you have read the RTP of November 2012(Both IPCC & FINAL), then you will see that in Service Tax (Group 1 in IPCC & Group 2 in Final), there are some major changes in Point Of Taxation Rules 2011. These changes have come into notification on 17/03/2012 effective from 01/04/2012. Similarly, the rates of service tax were also changed on 17/03/2012 effective from 01/04/2012.

 

As per the RTP both these amendments are applicable for the November 2012 examinations. I even confirmed this fact by asking in the e-sahayaata portal. I was given the answer that, point of taxation is applicable & the rates of tax are to be selected as per the dates given in the question.

 

But in all this there is one thing to be noted that, ICAI has a rule that any amendment coming 9 months before the exam is only applicable. So therefore technically, for the november attempt any amendment before february should not be applicable. But in this case, ICAI is breaking this rule.

 

This issue becomes particularly important for 2 reasons:

1) The changes in point of taxation are huge, almost changing the entire scheme.

2) After removal of the services this becomes a very good area for questions and to twist the students in both the exams.

 

I hope you people spread this message so that , icai can realise its mistake and correct itself. I've already replied in e-sahayaata, but still didn't get any reply.

 

Regards

Sanyam Sultania 

Replies (7)

Yes Mr sanyam Good qquestion of Law to be taken with ICAI Lets go ahead with it, I support your View & am in your support. HOWEVER IN MY OPINION ICAI HAS GO THE POWERS & OPTIONS TO NOTIFY THE DATE OF AMENDMENTS & CUT OFF FOR THE AMENDMENT DATES TO BE CONSIDERED FOR THE EXAMS INCLUSIONS

I guess all the amendments which come into effect 6 months before exams are applicable. So for Nov12 all amendments till 30th april should be applicable. I am not really sure if it is 6 months or 9 months. Lets have the further opinion of experts in this regard.

wasn't amendment before upto 6 months from the examination was allowed?????

ahh g8 timing ashish :P

Its 6 months ...all amendments made upto 30 april will be applecable for nov.

Any amendment coming 4 months before the exam 'll be applicable... its nt 9 month

 

Upto 30/4/2012 all ammendment made via circular/notifications/office note/office order etc by any statutory authority is applicable for nov 2012 examinations as the same is also mentioned in NOV2012 GRP-2 RTP.

Kindly have a look at it on     https://220.227.161.86/27432rtpfinalnov2012_OA.pdf

Refer page (viii) in bold letters.

Hope now no need to protest as they are within their powers to ask u question on such issues upto 30/4/2012 which comes to 6 months and not 9 months before nov2012 exam, as mentioned wrongly above.


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