Popular Articles

Impact of Customs on Indirect Taxes

Posted by Madhukar N Hiregange 20 September 2013 10262 Views

Impact of Customs on Other Indirect Taxation The Customs Act has been put in place to ensure that the import and export of goods into and from India is regulated. Certain products cannot be imported or exported, while certain others require a licens

New Taxes Imposed by Indian Government - Krishi Kalyan Cess

Posted by Padam Chhabra 04 June 2016 10262 Views

Krishi Kalyan CessThis June, the cost of services is going up. Govt. of India on 30th of May 2016, announced a new tax on all the taxable services. The new tax is Krishi Kalyan Cess of 0.5 percent which will be applicable from 1st June. This will mak

What is UPI and how is it different ?

Posted by Akshay 10 June 2020 10261 Views

Normally if we need to transfer money from bank account of a person to bank account of another person or between bank accounts of same person, in initial days p...

IFRS in Insurance Industry

Posted by PS Prabhakar 30 August 2010 10260 Views

ICAI routinely releases Exposure Drafts on the proposed Accounting standards and of late have begun to release IFRS compliant ASs. Recently, the Exp Draft of AS 39 was released for comments. I wrote the following letter to ASB, which I thought I sho

Works Contractors - A cue from SC's decision

Posted by CA. C V SURYAM 17 October 2008 10259 Views

Service Tax - Works Contractors - A cue from Supreme Court’s verdict ? It has been a grappling issue under Service Tax since the levy of service tax on works contractors. The concept of sub-contracting is not most uncommon and prevalent in the

Analysis of Education Guide 2012- Part II - "Service"

Posted by Madhukar N Hiregange 03 December 2012 10256 Views

Understanding the Educational Guide-2012 Part -II Service We examine in this article, the guide in detail and have provided our comments in italics. At this stage they represent only thoughts or questions which r

Is it Simplified Direct Taxes Code?

Posted by Mahesh Kapasi 17 August 2009 10254 Views

Is it Simplified Direct Taxes Code? Income Tax is one of most complicated tax law. In order to simplify it an attempt has been made by the government to simplify it so that common income tax payers can easily understand it and comply with it. But

Service Tax versus VAT in case of Renting of Motor Vehicles/ Cabs

Posted by Ravi Kumar Somani 09 February 2016 10249 Views

SomaniCurrently, there is lot of confusion among the industry, trade and the taxmen on whether the activity of Renting of movable goods or supply of tangible goods attracts Servi

A b-indas Journey into IndAS Part 3: The framework

Posted by MANOJ 25 September 2015 10249 Views

Hi there!This write-up is for people who have heard about the term IndAS but are yet to get into the scheme ofthings. This is the third in a series of articles that will walk you through the basics of the standards.CAVEAT: The objective is to get the

E-Way bill at a Glance

Posted by CA Robin Garg 05 December 2020 10246 Views

E-way Bill is an Electronic Way Bill for the movement of goods from one place to another which is to be generated on the E-way bill portal i.e. on ewaybillgst.gov.in.