CAclubindia Articles
Software - A tussle between VAT and Service Tax
In the current high-tech era, information technology has become an indispensable part of our life. India, being an IT hub, this fast growing industry is a major source of revenue. Hence, it becomes vital to assess the taxability of proceeds generated
Interpretation of amendment in Rule-7 (DVAT Rules 2005)
Amendment of rule 7. - In the Delhi Value Added Tax Rules, 2005. Amendment: - . (i) In sub-rule (I), in clause (b)', the following proviso shall be inserted, namely:- "Provided that in case of cigarettes (irrespective of form and length)
Meeting through electronic means
MEETING THROUGH ELECTRONIC MEANSPROVISIONS UNDER WHICH MEETING THROUGH VIDEO CONFERENCING IS COVERED As per Section 173 of the Companies Act, 2013 and Rules 3 & 4 of the Companies (Meetings of Board and its Powers) Rules, 2014, every Company can
31 points you must know on Model GST Act, 2016
“Adding to the overall flutter and chaos over the fate of the GST Bill, the government on Thursday selectively leaked out its 'Model Draft of Central/State Goods and Services Tax Act, 2016'.” – Firstpost.comThe Model GST Act
How Asset Light Business Models Enable Scalability?
The Asset-Light model refers to a business strategy that pursues capital efficiency by focusing the equity investment on those assets where a company�s expertise attains the best return for investors. The core of the asset-light approa
Goods & Service Tax - An overview
The Goods and Services Tax has frequently been in the news for the last one year or so ever since the new Government has come to power. It is worthwhile noting that introduction of GST as it is referred to, has been in the pipeli
Personal Finance Websites v/s Financial Planners
Financial Planning is a process that involves much more than playing with numbers listed in the data sheet. This process requires a thorough understanding of what the client needs and aspires to, and how will he be able to fulfill the same. It also e
Liability on scrap if generated from activity not amounting to manufacture
Background:Generally all Manufacturers are not fully equipped to Process/manufacture a complete product. Therefore to carry out certain intermediate production process they send their raw materials or their semi-processed goods to a job worker. In t
Auditor's role in handling big data
BIG DATA � ROLE OF AUDITOREXECUTIVE SUMMARYThe audit profession has gone through many changes from time to time from review of the financial figures to shifting the focus to risk assessment and internal control, and consideration of fraud in th
Place of supply of services under GST regime
In the present scenario service tax is levied on service which is governed by Chapter V of Finance Act, 1994. It states that Service tax is consumption based tax and for the purpose of determining the place where service has been consumed Place of Pr
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