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Budget Highlights - Central Excise, Customs & Service Tax

Guest 09 March 2015 at 10:33

Budget 2015 Highlights Central Excise, Customs & Service Tax GENERAL 1. FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. 2. States to be equal partners in economic growth; mo

Summary of important changes in service tax proposed by budget 2015-16

CA NARAYAN AGARWAL 09 March 2015 at 10:24

SUMMARY OF IMPORTANT CHANGES IN SERVICE TAX MADE/PROPOSED BY BUDGET 2015-16 I. Changes in Finance Act, 1994 To be effective from a date to be notified by the Central Government after the enactment of the Finance Bill, 2015:- 1. Service Tax Rate a. Th

How the Union Budget impacts you?

Anurag 09 March 2015 at 10:24

Union Budget 2015-16We view this as one of the most progressive budgets w.r.t. Make in India & Skill Building Macro-Economic headwindsMacro-vulnerability index (MVI) thatcombines a countrys fiscal deficit, current account deficit, a

An Ode to Women Professionals

Anjani Kumar Sharma 08 March 2015 at 15:25

या देवी सर्वभुतेषु CA रूपेण संस्थिता । नमस्तस्यै नमस्तस्यै नमस्तस्यै नमो नमः II (To the Divine Woman, who resides in all existence in the form of a Chartered Accountant, We bow to her, we bow to her, and continually we bow to her) Parents in India c

Budget Highlights

CAkanhaiya Jha 07 March 2015 at 18:28

BUDGET HIGHLIGHTS DIRECT TAXES Wealth tax replaced with additional surcharge of 2per cent on super rich with a taxable income of over Rs.1crore annually. No change in rate of personal income tax. Transport allowance increased from 800 to 1600 pm. P

Changes in the registration process of Central Excise & ST

CA. Dau Daga 05 March 2015 at 11:18

From this Budget there is change in registration process in Central Excise as well as Service Tax also. There are changes in the registration process of Central Excise. These are as under:- 1. Earlier registration process governs from notification no

Additions in Reverse Charge Mechanism

Pradeep Jain 05 March 2015 at 10:11

The budget 2015 has also bought some additions to the reverse charge list. Altogether 3 services have been added to this list w.e.f. 01/04/2015 by notification no. 7/2015 dt 01/03/2015. These are: 1. Services provided or agreed to be provided by a mu

Mandatory bomb again attacks indirect taxes in Budget 2015

Anandaday Misshra, Advocate 04 March 2015 at 17:03

Onset of Mandatory Era Indirect taxes have finally fallen and infact seems to be more obsessed with the word mandatory. In first and interim budget of Modi Government, first bomb of mandatory aspect fall on all who wanted to exhaust the remedy of ap

Highlights of Tax Proposals in Budget 2015-16

Member (Account Deleted) 04 March 2015 at 16:08

DIRECT TAXES 1. No Change to be made in Slab Rates of Income tax for Individuals, HUF, AOP, BOI and firms. 2. Corporate tax rate to reduce: Corporate tax rate to be rationalised. Earlier the Tax Rate was 30% of Income offered forTax, the same is to b

Budget a walk into history..but

Pattabhi Ram 04 March 2015 at 10:27

Arun Jaitley presented his first full budget under the most fortuitous of circumstances. The rupee had stabilized, crude oil prices had come hurtling down, the government was in a majority and the party was winning elections left, right and center.