How to become a chartered accountant?

Requirements to become a Chartered Accountant: 1. Through CPT route: (i) Enroll with the Institute for Common Proficiency Course (CPC) after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent … [Read more...]

CST return is mandatory with effect from 1st October 2014 in case of interstate sales, branch transfer; export/import, etc

Trade Circular No. 20 T 2014                                                                                                                                        Dated 25/11/2014 Subject: Central Sales Tax 1956 Grant of exemption from filing return, Withdrawal of concession. Reference: … [Read more...]

Service Tax on works contract

As per section 65B(54) of the Finance Act, 2012, "works contract" means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, … [Read more...]