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VAT in Maharashtra Reduced

Sourabh Sharma (CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds) (771 Points)

28 July 2009

VAT in Maharashtra Reduced
Maharashtra government has given into the demand from various quarters including farmers and slashed the VAT back to 4% from the recent increase to 25% while the imported wines will attract the duty of 20% instead of 25%.The decision was taken at a special cabinet meeting convened Wednesday in Nashik. A decision was also taken to continue with the existing policy for another 10 years. It will now expire in 2021. The policy will continue with special excise benefits to the wineries in Maharashtra.

Source : https://www.indianwi neacademy. com/item_ 1_318.aspx

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6 Replies

Sourabh Sharma (CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds) (771 Points)
Replied 28 July 2009

You have to register before 31 july 2009 for may 2010 attempt of IPCC.

Sourabh Sharma (CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds) (771 Points)
Replied 28 July 2009

For IPCC u have to register mannualy there is no online facility available.

M@ni$h $h@rm@ (Kolkata) (CA Final Nov 2010) (2119 Points)
Replied 28 July 2009

Dear Ravi

As far as I know I did not find any organized stuff regarding the registration process for IPCC. I will try to share the information that I came across, regarding IPCC, ATC and Regisration Process.

Lets save IPCC Regisration Process for later. Lets talk IPCC & ATC and their difference first.

IPCC (Integrated Professional Competency Course):

IPCC has two groups - Group I and Group II. As you guys know, Group I has four subjects - Accounting, Law Ethics and Communication, Cost Accounting and Financial Management, and Taxation. Group II has 3 subjects - Advanced Accounting, Auditing and Assurance, IT and Strategic Management.

If you get registered for IPCC on or before 31st July 2009, You will be eligible for IPCE held in may 2010. It is completely up to you guys whether you go for Group I only or both the groups. Along with this, You have an option to get registered for ATC (Accounting Technicail course). Accounting Technician course or ATC is for those who don't want to or who feel that they can not complete CA (because of some constraints or obligations or personal choice). For ATC, Clearing group I of IPCC is enough. In order to get ATC Certificate, you need to undergo one year practical training after clearing Group I of IPCC. In case if you intend to go for CA & ATC Certificate, your articleship period would be increased by an year. That means you have to under go one year of training for ATC Certificate and 3 years articleship for CA. If you get registered for group I only, now, you can appear for group II during your articleship.

And one more confusion I observed is regarding the fee structure with/without articleship. If you apply for IPCC with articleship it going to cost you 2000 bucks extra over actual fee for IPCC. Please note that making articleship fee payment in advance is an option at your convenience. You can also pay that articleship fee during your registration for articleship after you pass your IPCC. So, Don't worry about it.

In order to be eligible for IPCE held in may 2010, you need to complete an orientation program, where they teach you personality development, leadership and stuff like that and the other one Information Technology Training or ITT.

Clearing Group I of IPCC is a must to get registered for Articleship.

IPCC Regisration Process:

You have to get registered for 3 things in order to be eligible for May 2010 Exam.

a) IPCC Regisration
b) ITT Registration
c) Orientation Course Regisration

a) You can get the IPCC prospectus and Registration from the Institute's sales counter on paying 100 bucks.

Documents that you need along with IPCC application are

1) Attested copy of 10th Class certificate. Please note that this serves as a proof of date of birth as the date of birth will be mentioned in the certificate.
2) Attested copy of 12th Certificate.
3) Photocopy of the CPT Result sent to you by the institute. You better get it attested too. ( In case, If you haven't received the CPT Result letter from the institute yet, just take a print out of the results availabe on caresults.nic.in, get it attested. That serves the purpose (I have not received mine, yet))
4) Draw a DD as mentioned in the fee structure. Its like 8K for Group I of IPCC only and 9K for both the groups. Check what amount that is applicable to you and make a DD for that amount.

Submit the Registration form and get the books ( They are definitely gonna scare you. Ohh! Don't forget to carry an extra bag... like a picnic bag to carry your books. Otherwise you are in trouble.)

b) ITT Registration:

You have to fill a form for ITT (Check out ICAI Website). Training will be given of First Come First Serve basis. So, Hurry Up ! You need to draw a DD for 4000 bucks against the details mentioned in the form. ( Be careful, Its definitly not against The Secretaty, ICAI. don't do this mistake.) . They will give you the dates by post, I Guess.

C) Orientation Program.

Shell out another 3K for this 7 day or 35 hour program. ( End result will be that you are the toughest person to crack. This is what we call Brain washing :)... I wish it is not boring. ). Donno much about this, but definitely its 3K for this program.

They advised me to apply for orientation after few days as the classes are going on for IPCC students whose attempt is due in november, this year. (This is only applicalbe for Delhi Guys).

I think I had put down everything I was told there at the Institute.

Please let me know If you guys have any questions. I will try my best.

Have a great time folks.