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

Full Story

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

Full Story

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

Full Story

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

Full Story

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

Full Story

More News

Experts Opinions

Sale to unregistered dealer.(karnataka vat)

Hi one of our clients are selling the goods to an unregistered dealer whose turnover is crossed Rs 10lakhs during the year Our clients are charging out put Vat properly Is there any statutory obligati

Read Expert Opinion

Karnataka vat

we are doing jewellery business in karnataka and regd under vat we have received about one kg of gold as loan to be used in our business and the interst will be paid in gold only what is the liability

Read Expert Opinion

Karnataka vat for a maharastra dealer

Dear Sir One asseessee who is a Registered VAT dealer in Maharastra dealing in Interiors Decoration He is now procurring order in Bangalore but does not require Permanent Office in Bangalore whenever

Read Expert Opinion

Vat applicability on gift vouchers in karnataka

I am in karnataka I wanted to know whether a business dealing in purchase and sale of gift vouchers so is VAT applicable on that If I purchase the vouchers from chennai what will be the position

Read Expert Opinion

Vat for garments in karnataka

HI I have a garment retailer in Bangalore who procures Fabric with 0 VAT He uses small time vendors to stich and the finished garment is sold in his retail outlet The small time vendors who stich the

Read Expert Opinion


Karnataka vat - input tax credit

A company is under construction Whether it can take credit of VAT on Items used in construction of building like Steel work railings ready mix concrete and other items used in construction of building

Read full discussion

Transporting furniture purchased in kerala to karnataka

Hi All I have purchased furniture in kerala which needs to be transported to my house in Bangalore Karnataka The furniture is only for personal use and not for selling The furniture manufacturer has i

Read full discussion

Karnataka board 2nd-puc result

The Department of Pre University Education DPUE Karnataka is expected to declare the Karnataka Board 2nd PUC Result shortly The Karnataka Board II PUC Exam 2015 was held during the month of March and

Read full discussion

Professional tax rates in karnataka

Dear All Please Tell Me that By which date the Increase in limit of PT from 10000 to 15000 is efficetive Also please sayif any changes in Amount to be Deducted for various slabs of Gross Amt Best Rega

Read full discussion

Vat to cot under karnataka value added tax

Hi all If the Works Contract dealer is registered under KVAT Act under normal VAT scheme one month prior and wishes to opt for Composition scheme Can the dealer opt for change and if it is possible wh

Read full discussion

More Messages

File Download

  • 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


More Files


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

Full Article

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

Full Article

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

Full Article

More Articles

Updated on : 6/21/2015 10:10:07 AM

Get 20% discount & Revise your CA subjects with online video classes – Coupon code: RSLT20