CAclubindia Articles

Requirement of Actuarial Valuation services in compliance of AS 15

Tikaram Chaudhary 09 July 2015 at 10:35

The article given below may help you to understand the requirement of actuarial valuation services in compliance of AS-15 (Revised 2005) under various employee benefits plans such as Gratuity, Leave Encashment , Pension, etc. :-Accounting & Discl

CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015

Bimal Jain 09 July 2015 at 10:35

Dear Professional Colleague,CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015Background:The Central Board of Excise and Customs (�CBEC� or �the Board�) vide Circular No. 113/07/2009-ST d

Stamp duty on issue of share certificates

CS Divesh Goyal 08 July 2015 at 10:32

BACKROUND:As per Section 3 of Indian Stamps Act 1899, Every Share Certificate must bear the necessary stamp duty as per the Stamp Act of the respective State/ Union Territory from which Certificate is issued. The rates of stamp duty can be obtained w

Pay as you earn scheme of advance tax

CA Kumar Kedia 08 July 2015 at 10:32

In today's Scenario, the collection of advance tax by Government of India amounts to a big share in the revenue of Indian Economy. Advance tax is paid in the year in which income is received. There

Manufacture under Central Excise Act

CMA Poornima Madhava 08 July 2015 at 10:32

The term manufacture refers to a process involving the conversion of an input into a completely different output.As per section 2(f) of Central Excise Act, 1944 (CEA), manufacture includes any process: Incidental or ancillary to the completion of a m

ST - Reverse charge mechanism

CA Sujeet Kumar 08 July 2015 at 10:31

In 2012, Govt. of India has changed the overall taxation of Service tax and that time they had presented a different taxation method to levy service tax on services which was negative List Based taxation method. All the services except services provi

Story of independent directors

Amitav Ganguly 08 July 2015 at 10:31

Background Ideally speaking Independent Directors play crucial roles in the governance of their companies. They bring in valuable, independent and objective judgements, views and opinions to the Board of Directors, {in short, the Board}, raise import

CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-records

Bimal Jain 08 July 2015 at 10:30

Dear Professional Colleague,CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-recordsBackground:The Service Tax Rules, 1994 (�the Service Tax Rules�) were amended vide Notification No. 5/2015

Availment of credit based on computer generated invoice: Pre and Post Budget 2015-16

Ashish Chaudhary 08 July 2015 at 10:30

Availment of Credit based on computer generated invoice: Pre and Post Budget 2015-16 CA Ashish Chaudhary

Service tax on reimbursable expenditure - Paradox rejuvenated

CA.Manindar Kakarla 08 July 2015 at 10:30

INTRODUCTION:Incurring of reimbursable expenditure by service provider during the course of providing his services and service receiver subsequently reimbursing them is the inevitable business expediency in certain service sectors. Inclusion of this