CAclubindia Articles

Snapshot of changes from Budget

AKASH PHOPHALIA 04 March 2015 at 10:27

BUDGET V (SNAPSHOT OF CHANGES IN SERVICE TAX FROM 01.04.2015) Exemptions The exemption presently available on specified services of construction, repair, maintenance, renovation or alteration services provided to the government, a local auth

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.

Budget proposals - A tool for developing Analytical thinking

CA KiranKumar.K 04 March 2015 at 10:26

I am trying to write something for the benefit of my favorite community Professional Students (students pursuing professional courses). I personally feel students pursuing professional courses are not getting enough food for tho

Union Budget 2015 - Clarifications regarding increase in ST rate

Manoj Agarwal 04 March 2015 at 10:26

Amid huge expectations and challenges facing the economy, the Honble Finance Minister Shri Arun Jaitley has presented his 1st Full-year Union Budget for the year 2015-16 on 28th February, 2015. In his Budget Speech, he has proposed to increase

Exemption to E Cess & SHE Cess- Really lucrative?

Pradeep Jain 03 March 2015 at 11:45

Right from the common man to the corporates and foreign investors, where everyone was expecting the government to deliver a reform-oriented Budget, but the changes proposed in the Budget announced by the Hon’ble Finance Minister took all the ho

In place of arriving 'ache din' assessee misses 'good old days'

Pradeep Jain 03 March 2015 at 10:58

The 2015-2016 Finance Budget is was presented by Honble Finance Minister, Arun Jaitley on 28th February 2015. This budget was show time for the NDA Government that whether the lucrative promises made by the Prime Minister in his election campa

Budget new registration processes

AKASH PHOPHALIA 03 March 2015 at 10:45

BUDGET III (New registration process) With effect from 01.03.2015 the new registration process shall come into force. The same has been ordered as:- Fill online form ST-1. PAN number is mandatory except for Government departments. E-mail an

Budget proposed dates for applicability of amendments

AKASH PHOPHALIA 03 March 2015 at 10:45

BUDGET I (Service Tax Proposed dates) The budget has introduced several changes in Service Tax laws. These changes aimed at widening the tax base and to pave the path for smooth implementation of GST. The amendments are categorized a

Budget 2015- Queries & Answers- Part I

Anandaday Misshra, Advocate 03 March 2015 at 10:45

Unutilised Credit of CESS Q 1. What will be the fate of credit of Education Cess and Secondary and Higher Education Cess lying unutilized after it being subsumed in basic excise duty ? Answer: Firstly , it will not lapse since no lapsing provision i

Cenvat Credit Changes - Budget 2015

Mahadev 03 March 2015 at 10:44

Lot of practical issues have been addressed in this years budget by the Central Government. One of the good news for the tax payer is extension of time limit for availing the Cenvat credit to 1 year fro