CAclubindia Articles

Excise Duty & Customs Duty Exemptions for Supplies

Manoj Pala 07 June 2012 at 17:16

Excise Duty & Customs Duty Exemptions for Supplies made to Mega Power Project. That all the equipment supplied for the setting up the mega power projects enjoys both customs and excise duty exemptions.

New Service Tax Regime on Negative List -1st July, 2012

Bimal Jain 07 June 2012 at 17:06

New Service Tax Regime on Negative List applicable from 1st July 2012 The Central Government vide Notification No. 19/2012-ST dated 05.06.2012 has announced Date of Introduction of new regime of most awaited Negative List a

The Fiscal Deficit - Is it really that bad

BP Inani 07 June 2012 at 17:02

We are hearing a lot about this term Fiscal Deficit and more likely it has been depicted as the Devil behind all this recent economic mayhem experienced in India.You talk to any International Investment banker / Analyst / Economist and

Savings Rate - An illusion

BP Inani 06 June 2012 at 14:03

Economic Crisis in the west is getting murkier by the passing day. Europe is struggling with Euro. Greece seems to be the first in a series of bail-outs which might give some momentary relief but to my mind it is not the solution to the prob

Booking Losses at the Right Time

Ramalingam K 06 June 2012 at 11:41

Do you book profit or book loss? You have bought the shares of ABC Ltd at a rate of Rs.100 per share. The current market price is Rs.150 per share. Also you have bought the shares of XYZ Ltd at a rate of Rs.200 and the current market price is Rs

Overview of Compounding of Offences under the Service Tax

Bimal Jain 06 June 2012 at 11:41

The Central Government by exercising the power conferred by clause (i) of sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994) has made the Service Tax (Compounding of Offen

Accounting Deep Discount Bonds - I GAAP & IFRS

Sanjay Chauhan (IFRS) 05 June 2012 at 12:21

A. Zero Coupon Bond (Deep Discount Bond) Zero-coupon bond (also called a discount bond or deep discount bond) is a bond issued at a price lower than its face value, with the face value repaid at the time of maturity. It does not make periodic inte

The Burning Desire!

CA Mihir Kulkarni 05 June 2012 at 12:21

Hello Friends, I am CA Final student. This is my first article on CCI. I am not going to share anything about the study methods and other important things related to CA Studies. I am just going to express my views on CA and the Burning Desire which

Revised Schedule VI: An Overview

CA.Mathew Jacob 02 June 2012 at 11:37

REVISED SCHEDULE IV: An Introduction As we all know that every company registered under the Act shall prepare its Balance Sheet, Statement of Profit and Loss and notes thereto in accordance with the manner prescribed in Sch

GST - Fate of GST Tax rate structure

CA Subhash Bhaskar 01 June 2012 at 10:59

Dear Friends/Colleagues In my previous article I shared my knowledge about the levy and chargeability of GST. In this article I am sharing with you about the rates of GST that will be applicable in future. In this regard there has been the differe