Advocate V.Sridharan, lawyer, Supreme Court, dealt with various issues
in Service Tax relating to the Commercial or Industrial Construction
Service, Refund of Service Tax and Other Practical Issues, Good and
Service Tax and overview at the ICAI one-day workshop on ‘Service Tax'
organised by the Ernakulam Branch of The Institute of Chartered
Accountants of India.
He spoke extensively on the topics ‘Issues in Service Tax on Real Estate
Transactions,' ‘Cenvat-Credit, Refund and Other Issues' and ‘Road Map
to GST.'
Various queries regarding online registration and e-Filing returns were
cleared by him. There was also a Panel Discussion on Service Tax which
was led by Mr Thomas P. A., Superintendent of Central Excise, and Mr
Aravinda Raj, Inspector, Excise Department. Mr Saji Mathew, Chairman,
presided over the function.
Mr Mathukutty P. P., Vice-Chairman, Ms Minu Mathew, Secretary, and Mr
Balagopal R, Managing Committee member of the Ernakulam branch,
addressed the delegates. - www.thehindubusinessline.com
Showing posts with label CA. Show all posts
Showing posts with label CA. Show all posts
Tuesday, June 7, 2011
ICAI workshop on Service Tax
Advocate V.Sridharan, lawyer, Supreme Court, dealt with various issues
in Service Tax relating to the Commercial or Industrial Construction
Service, Refund of Service Tax and Other Practical Issues, Good and
Service Tax and overview at the ICAI one-day workshop on ‘Service Tax'
organised by the Ernakulam Branch of The Institute of Chartered
Accountants of India.
He spoke extensively on the topics ‘Issues in Service Tax on Real Estate
Transactions,' ‘Cenvat-Credit, Refund and Other Issues' and ‘Road Map
to GST.'
Various queries regarding online registration and e-Filing returns were
cleared by him. There was also a Panel Discussion on Service Tax which
was led by Mr Thomas P. A., Superintendent of Central Excise, and Mr
Aravinda Raj, Inspector, Excise Department. Mr Saji Mathew, Chairman,
presided over the function.
Mr Mathukutty P. P., Vice-Chairman, Ms Minu Mathew, Secretary, and Mr
Balagopal R, Managing Committee member of the Ernakulam branch,
addressed the delegates. - www.thehindubusinessline.com
Friday, June 3, 2011
Announcement regarding non-applicability of Revised Schedule VI in November, 2011 examination - (03-06.2011)
Non-applicability of
Revised Schedule VI for November 2011 Examination
This is to bring to the attention of
students that a decision has been taken to defer the applicability of
the Revised Schedule VI for CA examination, consequent to which the same
will not be applicable for the PCC, IPCC and Final examinations to be
held in November, 2011.
Accordingly, in the list of
publications/amendments relevant for November 2011 examination published
in Students’ Journal “The Chartered Accountant Student”, the following
portions given in column (4) of the table below are to be excluded:
|
Month of Issue
|
Page No.
|
Particulars /
Heading
|
Portion to be
excluded
|
|
(1)
|
(2)
|
(3)
|
(4)
|
|
May 2011
|
27
|
List of Institute’s Publications
relevant for November 2011 examination
|
Sl. No. III. relating to Revised
Schedule VI (under Final Course Paper 1: Financial Reporting)
|
|
May 2011
|
30
|
-do-
|
Note 1 (Common for PCC/IPCC Paper
1/Paper 5) under Paper 5: Advanced Accounting
|
|
June 2011
|
28-29
|
Applicability of relevant amendments
etc. relating to Corporate and Allied Laws (Final) for November, 2011
examination
|
The seventh row under the said
heading relating to Schedule VI
|
Bar non-compliant cos from filing event-based reports: MCA
The government today asked Registrar of Companies (RoC) to make sure
that firms which do not file their balance sheets and annual returns
regularly, are barred from filing any other event-based reports.
The Ministry of Corporate Affairs (MCA) also said that from July 3, no e-filing shall be accepted by the RoC from Directors of these defaulting companies for any other company also.
"All Companies will have to file their updated Balance Sheet and Profit & Loss Accounts and Annual Return with the RoC before recording any event based information/ changes made and no request, whether oral, in writing or through e-forms will be accepted in this regard," the MCA said in a statement.
It further directed Company Secretaries and auditors of these companies not to sign and certify the filing with MCA-21 system (the Ministry''s e-governance platform), in respect of these defaulting companies, till the defect is rectified.
"Members of ICAI, ICSI and ICWAI must not issue any certificates to such defaulting companies other than above mentioned e-forms. And, action will be taken against the defaulting companies and their Directors/ officers in default in co-ordination with RBI and Sebi," it said.
However, the ministry said, this order would not apply to such companies where the balance sheet and annual return could not be filed due to order of court/company law board or any other competent authority and RoC concerned has marked this company as having management dispute.
The Ministry of Corporate Affairs (MCA) also said that from July 3, no e-filing shall be accepted by the RoC from Directors of these defaulting companies for any other company also.
"All Companies will have to file their updated Balance Sheet and Profit & Loss Accounts and Annual Return with the RoC before recording any event based information/ changes made and no request, whether oral, in writing or through e-forms will be accepted in this regard," the MCA said in a statement.
It further directed Company Secretaries and auditors of these companies not to sign and certify the filing with MCA-21 system (the Ministry''s e-governance platform), in respect of these defaulting companies, till the defect is rectified.
"Members of ICAI, ICSI and ICWAI must not issue any certificates to such defaulting companies other than above mentioned e-forms. And, action will be taken against the defaulting companies and their Directors/ officers in default in co-ordination with RBI and Sebi," it said.
However, the ministry said, this order would not apply to such companies where the balance sheet and annual return could not be filed due to order of court/company law board or any other competent authority and RoC concerned has marked this company as having management dispute.
Thursday, June 2, 2011
Announcement-Assessment Test of the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI - (02-06-2011)
It is notified for the information of all the registered members pursuing Certificate Course on International Taxation of the ICAI that the Assessment Test of the Course is proposed to be conducted on Sunday 3rd July, 2011 from 2.00 PM to 5.00 PM in the following centres:
|
| Eligibility criteria for appearing in the Assessment Test: |
| 1. Members who had registered for the Certificate Course and attended the same but not yet appeared for the Assessment Test. |
| 2. Members who had appeared for the Assessment Test but not declared successful. Such members may reappear by paying the fees of Rs. 1000/-. The fees may be paid through Demand Draft in favour of “The Secretary, The Institute of Chartered Accountants of India” payable at New Delhi only and forward the same to the following address: |
| Secretary, Committee on International Taxation, The Institute of Chartered Accountants of India, ICAI Bhawan, Research Block, 1st Floor, A-29, Sector-62, Noida (U.P.) - 201301, India |
| Members intending to appear in the Assessment Test should inform the office latest by Monday 20th June, 2011 on the e-mail citax@icai.org |
Wednesday, June 1, 2011
TOP 10 Rank List for Dec 2010 Examination-FINEL ICWAI
IN ORDER
rank/roll no/reg no/name/code/center/srl no
1 564780 SRS/030860 ARAVAPALLI SUSHMA SIREESHA 218(0) VIJAYAWADA 72101
2 496431 WRR/004042 AKHIL LALIT ROONGTA 113(0) NASHIK 66691
2 533471 SRR/011015 ANAGHA K.P. 203(0) ERNAKULAM 70706
3 570820 SRS/042901 K. SAMPATH KUMAR 227(0) VIJAYAWADA 70375
4 565571 SRS/025504 K DILEEP KUMAR 218(0) VIJAYAWADA 73025
5 591283 ERS/010802 MUKESH AGARWAL 303(0) BHUBANESWAR 75800
6 611312 ERR/002693 GOURAV PERIWAL 311(0) HOWRAH 75521
7 571585 SRR/009196 SAI HARINI D. 227(0) VIJAYAWADA 70429
8 545811 SRS/026767 B HARESH 206(0) CHENNAI 71984
9 611427 ERR/002738 VINAY JAIN 311(0) HOWRAH 75518
10 620732 NRR/006399 KARAN GOGIA 403(0) CHANDIGARH 80442
10 539974 SRS/028519 MANOJ KUMAR B 204(0) HYDERABAD 72288
Saturday, May 28, 2011
New Career Opportunity
ICAI requires technically par excellence professionally successful, academically
brilliant, and administratively capable human resources at various level for being
part of the business transformation project at ICAI in its headquarters at
Delhi/Noida.
The ICAI is the apex accountancy body established by the Parliament for regulating the profession of
Chartered Accountants in India. During its glorious existence of more than sixty-two years, ICAI has
achieved recognition as a premier accountancy body not only in south asian region but globally as well.
ICAI is looking for a hands-on , dynamic leaders who can take various roles and ownership to drive the
Project Parivratan Project. This role requires a mix of technical and managerial skills. The candidate must
be a passionate and self-driven individual who has a desire to be the best in the business in his domain.
The details of the roles are as follow:
· Ensure design, build and implementation of work product,
· Participate in requirements elicitation, validation of architecture, creation
· Review of design, assign and review tasks for work implementation
· Ability to set and manage priorities judiciously
· Excellent written and oral communication skills
· Excellent interpersonal skills
· Ability to articulate ideas to both technical and non-technical audiences
· Exceptionally self-motivated and directed
· ERP implementation knowledge
· knowledge of Microsoft Sharepoint/development experience in .net
· Networking and Information security knowledge.
· Keen attention to detail
· Superior analytical, evaluative, and problem-solving abilities
Qualification for the Role: Bachelor of Engineering, MCA ,Post Graduation / MBA /Chartered
Accountants/ with computer specialization.
Candidates with impressive, consistent and proven academic/professional track record and relevant
post qualification experience alone should apply. Attractive compensation and best career prospects would be offered commensurate with Technology and busi
Tuesday, May 24, 2011
Tips to get success in CA exams after continuos failure
Four days before somewhere I read
:
This is the only reason of continuous failure of CA students.
The following facts are based on my research on study patterns of students :
1. Many students can't complete the paper due to slow writing speed.
After examining various students; now I find that they also have slow speed of reading. If speed reading is missing; subject would also become typical to understand.
For example; in law subjects; if there is not a good speed to read the sections; the meaning would not be understood well.
Hence slow speed of reading results into slow think process which ultimately leads to slow writing.
2. Whether speed reading is possible for every student ?
Suppose one student reads 6 pages per hours and another one can read 12 pages per hour. It looks simple to know its effect of consuming double time by the second one but still students don't care to improve their reading speed.
Why ?
Because they mentally accept that their reading speed is slow.
Most of the students don't try to increase their reading speed.
3. First reading of the Book is too slow
Major fault is to focus first reading with too much care.
Although all students know very well that first reading will not give good confidence in the subject. Still they consume a good portion of their study time in first reading.
4. How to overcome first reading speed breaker ?
1st Step : Refer Index of the Book and mark New Words.
2nd Step : To know the meaning of New Words : open the page number shown against the point in the Index and read only 2 lines of the relevant para.
3rd Step : Before you close your study hours; revise the new terms without fail. It will hardly take 10 more minutes.
4th Step : Have a look at the Index ( in parts - every time ) daily to familiarize with the topics and its contents.
5th Step : Read the whole index of the book in this manner at least for 4 times. It will hardly take 4-5 days.
6th Step : Start one topic and firstly read its heading only.
7th Step : Now start the full topic. Surprisingly; you will not find any speed breaker which disturbed you before.
8th Step : Revise the whole chapter without fail. It will hardly take 15-20 minutes.
9th Step : Don’t leave typical points to see them later on. These are the most important points to clear your CA Exams. For example; if you escape to study Foreign Taxation later on in Direct Tax; you will never have confidence in the topic at the time of examination leaves.
Benefits of taking above Steps while studying :
1. Immediate identification of important and typical points in the subject.
2. Confidence in the subject and its topic.
3. Less time consumption in Thought Process of the contents.
4. Ultimately increase in the speed of reading and writing.
5. More time to discuss with the friends and faculties.
6. More time for typical points which is a must to clear CA Exams.
CA Surendra Kumar Rakhecha
Surat-Bikaner
source: caclubibdia
If you continue to do what you used to do before;
You will get the same result which you had before.
I realized a great message lying in two lines -
specially for CA students because many students immediately
start their studies on declaration of CA results, but without any major
changes in their study patterns, presentation and style.You will get the same result which you had before.
This is the only reason of continuous failure of CA students.
The following facts are based on my research on study patterns of students :
1. Many students can't complete the paper due to slow writing speed.
After examining various students; now I find that they also have slow speed of reading. If speed reading is missing; subject would also become typical to understand.
For example; in law subjects; if there is not a good speed to read the sections; the meaning would not be understood well.
Hence slow speed of reading results into slow think process which ultimately leads to slow writing.
2. Whether speed reading is possible for every student ?
Suppose one student reads 6 pages per hours and another one can read 12 pages per hour. It looks simple to know its effect of consuming double time by the second one but still students don't care to improve their reading speed.
Why ?
Because they mentally accept that their reading speed is slow.
Most of the students don't try to increase their reading speed.
3. First reading of the Book is too slow
Major fault is to focus first reading with too much care.
Although all students know very well that first reading will not give good confidence in the subject. Still they consume a good portion of their study time in first reading.
4. How to overcome first reading speed breaker ?
1st Step : Refer Index of the Book and mark New Words.
2nd Step : To know the meaning of New Words : open the page number shown against the point in the Index and read only 2 lines of the relevant para.
3rd Step : Before you close your study hours; revise the new terms without fail. It will hardly take 10 more minutes.
4th Step : Have a look at the Index ( in parts - every time ) daily to familiarize with the topics and its contents.
5th Step : Read the whole index of the book in this manner at least for 4 times. It will hardly take 4-5 days.
6th Step : Start one topic and firstly read its heading only.
7th Step : Now start the full topic. Surprisingly; you will not find any speed breaker which disturbed you before.
8th Step : Revise the whole chapter without fail. It will hardly take 15-20 minutes.
9th Step : Don’t leave typical points to see them later on. These are the most important points to clear your CA Exams. For example; if you escape to study Foreign Taxation later on in Direct Tax; you will never have confidence in the topic at the time of examination leaves.
Benefits of taking above Steps while studying :
1. Immediate identification of important and typical points in the subject.
2. Confidence in the subject and its topic.
3. Less time consumption in Thought Process of the contents.
4. Ultimately increase in the speed of reading and writing.
5. More time to discuss with the friends and faculties.
6. More time for typical points which is a must to clear CA Exams.
CA Surendra Kumar Rakhecha
source: caclubibdia
Wednesday, March 9, 2011
Last Date of Registration for Post Qualification Course in International Trade Laws & WTO for November 2011 Part I Examinations
| Registration for the Course is open throughout the year. Candidates shall be eligible to appear for Part I Examination to the Course only after six months of registration and specified minimum attendance at PCPs currently this examination is held only for November attempt. Therefore, for appearing in the November, 2011 Examinations for Part I of the Course, the last date for taking registration in the Course is APRIL 30, 2011. |
| For obtaining registration, the Prospectus for the Post Qualification Course in ‘International Trade Laws and World Trade Organisation’, priced at Rs. 150/- (Rs. One Hundred Fifty only), can be obtained from the Institute’s sale counters at New Delhi and the Regional Offices at Mumbai, Chennai, Kolkata & Kanpur and the Branches of the Institute. Copy of Prospectus can also be obtained by post from the Postal Sales Department of the Institute at ICAI Bhawan, A-29, Sector 62, Noida - 201301 (U.P.) India by sending a Demand Draft of Rs. 150/- plus postal charges (Rs. 9 within New Delhi & Rs. 20 for Rest of India, if required by Courier; or Rs. 40/-, if required by registered post) favouring ‘The Secretary, The Institute of Chartered Accountants of India’ payable at New Delhi. |
| For any further information regarding the Course, please visit the website of the Institute http://www.icai.org . |
Monday, March 7, 2011
Last date for applying to the Tata Group CA program is 14th March, 2011
| Principles |
| The programme is modeled on the following principles |
|
| You should |
|
| Requisites |
|
| Annual CTC: Rs. 6,06,340 |
| Click here to apply now |
| Click here to check the opportunities in various Tata Group companies and available locations |
Saturday, February 19, 2011
Saturday, February 5, 2011
Automatic shifting from CA Final(Old) to CA Final(New) Course
As announced earlier on the Institute’s website, the Final (Old) examination stands discontinued with the culmination of November, 2010 examination.
Consequent upon the discontinuance of Final (Old) Course, students registered under the Final (Old) Course will be shifted to Final (New) Course automatically and for the purpose a letter to this effect will be issued to all such students - a physical letter as well as through e-mail (if available on record). No conversion fee shall be charged from such students, but the Final (New) Study Materials be issued to them at a concessional price of Rs. 300/- per subject (including Practice Manual) on production of the said letter being issued by the concerned Decentralized Offices.
This decision shall come into force from February 2, 2011, and that the students of Final (Old) Course who have already filed the prescribed form along with a sum of Rs. 1,100/- to the concerned Decentralized Offices and have been issued the study material would be sent a letter as per the existing practice.
Since the process of sending physical letters may take 10-15 days and there may be chances of bouncing back of e-mails, students are advised, to save the time, if possible, to approach personally to receive the said letter so that they can purchase the Study Material on the same day at a concessional rate.
Please note that sale of Study Materials at concessional price is available upto May 15, 2011 and students are advised to utilize the facility at the earliest.
Students are also advised to submit their examination application forms in time even if they could not receive the above said letter so as to appear in the Final Examination to be held in May, 2011.
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