CAclubindia Articles

How to score atleast 60 in IPCC Audit

Posted by ASHWIN 18 August 2015 24930 Views

My dear friends,The purpose of this article is to help the students in CA IPCC Audit subjects & not to take any credit in any manner.It has been prepared in consultation with 2 of my friends Vakeel Ali & G

Neutralise artificial restrictions under Cenvat Credit Rules

Posted by Ashish Chaudhary 18 August 2015 7335 Views

Cenvat Credit scheme is designed to avoid cascading effects but it has been seen over a period that the government has been diluting the basic philosophy of the rule by introducing many arbitrary restrictions. This has been done to augment reve

Process for conversion of OPC into private limited company

Posted by CS Divesh Goyal 18 August 2015 20895 Views

BACKGROUND:The Introduction of One Person Companyinto the legal system is a move that wouldencourage the entrepreneurs enters intocorporate world. This will not only enableindividual capabilities to contribute economicgrowth, but also generate employ

Developments in the new registration procedure under MVAT

Posted by Yash Goyal 18 August 2015 6182 Views

Dear All,The procedure for obtaining new registration under the MVAT Act was amended vide circular 5T of 2015. For a gist of the new procedure please visit the below link.http://www.caclubindia.com/articles/new-procedure-for-registration-under-mvat-2

BCD Hike in Iron & Steel -Tough Amendment!

Posted by Pradeep Jain 18 August 2015 8347 Views

Introduction:- This article is an attempt to analyse the amendment made in the rates of basic customs duty applicable for various Iron & Steel Products vide Notification no. 45/2015-Customs dated 12.08.2015. This notification seeks to amend the e

Service Tax - Point of Taxation Rules, 2011

Posted by CA JaiKishan 18 August 2015 18142 Views

By CA. Jai KishanIntroduction:The Point of Taxation Rules, 2011 (hereinafter referred to as �the POT Rules�) were notified on March 1, 2011 and have been amended from time to time. As mention

Reassessment and revision period extended in Haryana VAT

Posted by CS Priyanka Gupta 18 August 2015 17691 Views

Recently, Haryana Value Added Tax, 2003 has been amended vide Ordinance issued by the Governor dated 31.7.15 published vide Notification No Leg. 9/2015 dated 3rd August 2015. The concerned amendment is effective with effect from 3rd August 2015. The

3 principles of life decoded from 3 accounting principles

Posted by Author CA Vikram Verma 18 August 2015 11034 Views

I was thinking about life and tried to understand it. No one actually could, nor was I, hence, LOST. I got back to work, the endless accounting work.One thing struck my mind immediately, while I was preparing financials. What is Accounting?The answer

CSR - Some Concerns

Posted by Dilip K Raina 18 August 2015 4607 Views

With the passage of companies� act 2013 a mandatory responsibility under section 135 was cast on companies to spend 2% of the net profit as calculated under section 198 of the companies act on the activities listed therein and being social in n

Service Tax in India: Brief History and Meaning of 'Service'

Posted by CA JaiKishan 17 August 2015 7821 Views

Brief History:The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy in India can be termed as milestone in Indian Tax history.T