karnataka vat rates

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CSR activities by CAs and CA firms


Request for suggestions from members at large on the various CSR activities that can be undertaken by them as CAs CA Firms Corporate Social Responsibility CSR is very vital in the present context of b

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ICAI on ease of doing business in India


The Ministry of Corporate Affairs has issued a notification to give exemptions to private companies under the Companies Act to improve ease of doing business in India ICAI is happy that the Government

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ICAI - President's Message - June 2015


Dear Friends Change is inevitable and is the only thing that is constant But it is the sheer pace of change that makes it a big challenge in the present hi tech era of liberalisation privatisation and

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Incentivizing States Under GST Regime


As tax rates during Goods and Services Tax GST regime will be closely aligned to the Revenue Neutral Rates RNR of the Centre and the States the revenues of the Central and State Governments will not b

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Feedback on May 2015 question papers


Observations of the candidates on the question papers of CA examinations May 2015 It is hereby informed that candidates can bring to the notice of the Examination Department their observations if any

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Experts Opinions

Service tax cenvat credit


Dear expert the vendor has given the invoice for work contract charging 50 ST on service portion and 50 ST i will have to pay plz let me know can we avail cenvat credit of both 50 paying to vendor and

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New vat registration in delhi


Hello all I am new to Delhi as I have shifted from chandigarh I wanted to know how much one charge for Vat registration in Delhi including govt fees bribe and professional fees Thanks to this awesome

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Mismatch of regular annexure with party's annexure (mvat)


Sir Madam Please suggest me how to revise the Regular Return annexure I have filed J1 J2 Annexure from Aug 14 and mismatch found in Apr 14 where I didn t filed any Regular Annexure from Apr 14 to July

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About vat refund


hi sir if we have a VAT refund since last 10 years The trading business stopped since last three years The VAT Returns declared as nil returns Can we take the VAT refund

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Vat registration


WHAT IS THE TURNOVER LIMIT FOR COMPULSORY VAT REGISTRATION

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Discussion

Cenvat reverse against notification no. 12/2012 c.e. sr. 339

We have Cleared Excisable Goods against Notification No 12 2012 C E Serial No 339 to Megha Power Project Expansion Unit under a NIL rate of Excise Duty We havetaken the Cenvat Credit on our Inputs Wea

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Applications of wireless lavalier microphones in corporates.

Can there be business benefits to use Wireless Lavalier Lapel Microphones by strategic stakeholders in corporate environments for effective Team communications with employees on day to day basis Thank

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Income tax rates in tabular form- quick revision

Hello Friends I have prepared video of income tax rates for F Y 2015 16 in a tabular form Below is the link https youtu be 75fLUgJTDE0 Do comment how are the videos Any suggestions would be highly app

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New gst rates

GST Rate of Tax

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2nd vat registration on same address of 1st registration

VAT REGISTRATION WEST BENGAL I AM HAVING A COMPANY WITH A VAT REGISTRATION NOW I AM OPENING A NEW COMPANY AND WANT TO DO A NEW VAT REGISTRATION THE ISSUE BOTH THE COMPANIES ARE DEALING WITH DIFFERENT

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  • MVAT Activity code

    mvat activity code

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  • Exemptions & relaxations to private companies

    Exemptions to private companies from applicability of provisions of Co Act 2013

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  • Exemption to private limited company

    Exemption to private limited company

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  • Depreciation rates as per Cos Act 2013 (Schedule II)

    Depreciation rates as per Cos Act 2013 Schedule II

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  • Important changes under Central and State Tax Laws

    The following are the important changes under Central and State Tax Laws with effect from 1st April 2015 1 Conveyance Allowance Transport allowance granted to an employee is exempted up to Rs 800 per month The limit of exemption is now enhanced to Rs 1600 per month 2 Profession Tax Those whose salary for a month was more than Rs 10 000 were supposed to pay Profession Tax of Rs 150 per month Now from 1st April 2015 the persons drawing salary up to Rs 15 000 per month are exempted from Profession Tax Applicable for Bangalore 3 Profession Tax exemption for senior citizens who have attained age of 60 Years Applicable for Bangalore 4 Wealth Tax Is abolished from 1st April 2015 Keep all the wealth tax papers of past 8 years in safe custody even though wealth tax is abolished from FY 2015 16 5 Mediclaim Insurance The premium paid towards mediclaim insurance is enhanced from Rs 15 000 to Rs 25 000 per year for senior citizen it is enhanced from Rs 20 000 to Rs 30 000 per year u s 80D 6 Basic Exemption Limit for VAT registration in Karnataka Now the traders who expect to do annual taxable turnover sales of less than Rs 10 Lakhs needn t register under Karnataka VAT Laws However other aspects of registration which were applicable till March 2015 will continue to apply 7 Reverse Charge Method under service Tax Laws w r t Manpower Consultancy Currently in case manpower supply or security services is provided by individual HUF or partnership firm to a body or a corporate the service provider is liable to deposit Service Tax to the extent of 25 and service receiver liable to deposit Service Tax to extent of 75 W e f 1st April 2015 Service Tax is not required to be charged by specified service provider i e individuals HUF Partnership Firms and the same is to be paid by the service receiver entirely i e instead of 75 the service receiver has to pay 100 F No 334 5 2015 8 ESIC Payment Through Online Online payment of ESI contribution made easier Now facility for payment of ESI contribution through net banking is made available through State Bank of India and 58 major banks 9 PF Payment Made Online The EPFO payment has been made online Mandatory effective from 1st May 2015

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Articles

Exemptions & relaxations to private companies


The Ministry of corporate Affairs has released the much awaited exemptions for Private Companies Government Companies Nidhi Companies and Companies registered under Section 8 of the Companies Act 2013


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Exemption to private limited company


Dear Professionals MCA u s 462 passed exemption for Private Companies under Companies Act 2013Provisions of companies act 2013 given below will not apply or shall apply with suchexceptions modificatio


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Brief case studies on change in rates of service tax


Change in Effective Rate of Taxation Service Tax On account of some errands to be run which I have postponed for almost a year I find myself travelling today ie June2nd 2015 to Kolkata from Mumbai I w


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Haryana VAT officers


Administration and Duties 1 Appointment of Commissioner and other officers Authorization for appointing a commissioner rests with the state government Along with the commissioner many Additional Excis


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K-VAT levy on freight charges


Many of the dealers today are not very clear about levy of VAT on freight charges being collected on the sale transactions An attempt has been in this article to provide clarity on the implication of


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Updated on : 6/14/2015 10:05:10 PM





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