CS-New Examination Centers at Belgaum (Karnataka), Gwalior (MP) and Bhilai (Chhattisgarh)

NEW EXAMINATION CENTRES AT BELGAUM KARNATAKA GWALIOR MP AND BHILAI CHHATTISGARH FOR CS EXAMS The Institute is pleased to announce opening of new Examination Centres at Belgaum Karnataka Centre Code 32

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CA Examinations - May,2013 for the candidates of Bangalore (Zone 2) (Karnataka), Jaipur (Rajasthan), and Sikar (Rajasthan)

Due to unavoidable circumstances candidates earlier allocated to the examination centre in 1 Govt R C College of Commerce Management Bangalore Zone 2 2 University Commerce College Jaipur 3 University

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Postponement of Examination scheduled on 4th & 5th May 2013 in the State of Karnataka

The Institute of Chartered Accountants of India Set up by an Act of Parliament Post Box No 7112 ICAI BHAWAN Indraprastha Marg New Delhi 110002 TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF I

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Centralised Processing centre for IT return in Bangalore

IT Return Processing Centres The Government proposes to set up a Centralised Processing Centre CPC during 2009 10 only at Bengaluru for processing of all Income tax returns received in the State of Ka

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New hubs to bolster tax kitty

The Central Board of Direct Taxes CBDT has discovered new hubs to bolster the tax kittyat this time at the grassroots The CBDT has spotted Panchayats in states such as Gujarat Maharashtra Karnataka an

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Experts Opinions

Vat 240 annual return in karnataka vat

Sir We have dealer of soft drink and Biscuits in Karnataka having turnover of around 50 00 000 And we are monthly filing monthly VAT 100 return with applicable tax payment Please confirm us the we are

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Karnataka tax rate on natural honey infused with flavour

One of my client sells Natural Honey The VAT is exempted as per the Notification No FD 121 CSL 2006 dayed 10 05 2006 The client has introduced new product where the honey is infused with a ginger garl

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Karnataka vat-input vat on machinery

Respected Sir We had purchased machinery in Nov 14 Since the commercial production started in Nov 15 can we take the input from nov 15 return in the light of Sec 12 2 2 Deduction of input tax under th

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Karnataka vat :regarding vat tax paid to take for vat -100

i have paid vat tax at the time of Inspection by the C TAX department for stock difference paid amount to declare in vat 100 in the next month or not

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Vat rate in karnataka

leather apparels or leather garment vat is the vat rate in karnataka pls tell me

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Karnataka vat - input on capital goods

Dear Sir Kindly tell us the procedure of claiming input VAT credit on capital goods purchased a year back now the commercial production has commenced

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Karnataka vat

Dear Sir Please give a some suggestions regarding availing of ITC on capital goods in Karnataka vat

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Karnataka input vat credit

Sir In the month of October there is a typographical error of Rs 30 in purchae basic value resulting in a difference of tax payable of Rs 3 Now we want to know since the amount is very small amount is

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Karnataka vat rate for mobile phone cover/case

Can someone please tell me what is the VAT rate to be charged for selling Mobile phone cases and covers from Karnataka

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Vat cst - karnataka

Hi I am from Hyderabad recently i got a work contract labor and material in Hubli karnataka i am having a TIN no in Telangana and would like to purchase material on C form in Hyderabad and get deliver

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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


  • Karnataka VAT- Matching of Input Tax Credits

    Karnataka Commercial Tax Department has issued Notification no CCW CR44 2013 14 dated 29th April 2014 making mandatory for specified class of dealers to furnish purchases and sells details electronically After furnishing details next step is to rectify mismatching of uploaded details This article is an attempt to explain the provisions and procedures and also consequences of non compliance


  • KVAT 240 Audit-Excel Format



  • Gazette Notification relating to Audit of Co-operative Societies by Cost Accountant and Cost Accountant Firms

    Gazette Notification of Govt of Karnataka dated 9 Sep 2014 relating to Audit of Co operative Societies by Cost Accountant and Cost Accountant Firms


  • Gazette Notification relating to Karnataka Souharda Sahakari (Amendment) Bill 2014

    Gazette Notification dated 4 Sep 2014 relating to Karnataka Souharda Sahakari Amendment Bill 2014


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Discussion on Value Added Tax, Karnataka

Introduction The White Paper is a policy document indicating basic policies of State Sales Tax VAT Haryana was the only State to introduce VAT w e f 1 4 2003 About 21 States have introduced VAT though

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TDS on Industrial Canteens - Karnataka VAT

VAT is a levy on sale of goods For the purpose it is usually the seller who would be held liable for payment of VAT However there are few exceptions created under the VAT provisions As per Section 3 2

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VAT Problems In E-Commerce Transactions - Amazon's Karnataka Case Study

VAT Problems In E Commerce Transactions Amazons Karnataka Case Study A Potential Noscitur Principle Issue E commerce transactions in India are gaining popularity at the very fast pace majorly due to i

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Major Changes in E-sugam (Karnataka VAT)

Following major changes have been effected by the government of Karnataka for E Sugam videCircular No ADCOM IC P A CR 31 2011 12 DT 09 10 2013 Please spend some time to read the gist of major changes

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Landmark ruling on Section 271(1)(c) by Karnataka High court

2013 TaxCorp LJ 1412 HC KARNATKATA S 271 1 c Merely because the assessee accepted addition or deletion and did not challenge the assessment order by way of appeal it cannot be concluded that such addi

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Updated on : 12/23/2015 12:35:08 AM

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