CAclubindia Articles

GST - Grow and share together

Nimish Goel 05 March 2015 at 11:18

The much awaited Goods and Services Tax (GST) now seems to be a reality as the broad contours are slightly visible. The Finance Minister in his Budget speech made it clear he has all the intentions to implement GST from April 1, 2016.

GST and Petroleum industry

Karan Teli 05 March 2015 at 11:17

Petroleum Industry has been more into picture for various issues from the day on which GST was launched robustly. Some of the insights on GST in Petroleum Industry are as follows: Petroleum Products to be part of GST regime, as tabled in 122nd Const

Path towards IFRS

Samyak Sanghvi 05 March 2015 at 11:17

INTRODUCTION Since the advent of internet, the world has shrunk, distances have lost their importance and information has no more remained the differentiating factor in this global arena. Globalization-the BUZZWORD has

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

Search and seizure under ST law

sivadas chettoor 05 March 2015 at 10:10

INTRODUCTION:The Central Excise authorities who are entrusted with the task of implementation of the service tax law enjoy wide and sweeping powers in respect of search and se

Secretarial Audit - Companies Act 2013

KASHIF ALI 05 March 2015 at 10:10

SECRETARIAL AUDIT Secretarial Audit is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc. It is a mech

Basic Concept of CSR

Lokesh Aggarwal 05 March 2015 at 10:09

Mahatma Gandhi ji has rightly said- " Earn your crores but understand your wealth is not yours, it belongs to the society".As we all knows company's main objective is it to maximize the shareholder's wealth. This maximization works

VAT/CST provision relevant to proposed GST

Harsh Gadodia 05 March 2015 at 10:09

GST the biggest tax reform in India in spurring growth in the economy. It is an indirect tax that brings most the taxes which are imposed on the goods and services under single banner. As, GST is highly successful in the European and other countries,

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