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Chamber Research By The Judges Post Conclusion Of Hearing – Whether Justified?
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Packaged Tours and Place of Supply Provisions under GST
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Gifts and Loans – By and To Non-Resident Indians: Part I
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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President and CEO of The Institute of Internal Auditors
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Monthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
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June 2015

Definition of Chit Find removed Notification No. 13/2015-Service taxdated 19-05-2015

By Tarun Ghia, Pratik Mehta, Brijesh Cholera Chartered Accountants

Reading Time 1 mins

The Central Govt. had withdrawn abatement in relation to Chit Fund vide Notification No. 8/2015 dated 1st March, 2015 & thereby made consideration received by Chit Fund fully taxable w.e.f. 01 04 2015. Now by this Notification, the Central Govt. has completely removed the definition given in the Principal Abatement Notification No. 26/2012 dated 20th June, 2012.

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June 2015

Definition of Chit Find removed Notification No. 13/2015-Service taxdated 19-05-2015

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Service tax rate of 14% applicable from 01-06- 2015 Notification No. 14/2015 – Service Tax- dated 19-05-2015

Certain specified services exempted Notification No. 12/2015-Service tax-dated 30 04 2015

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June 2015

Definition of Chit Find removed Notification No. 13/2015-Service taxdated 19-05-2015

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Service tax rate of 14% applicable from 01-06- 2015 Notification No. 14/2015 – Service Tax- dated 19-05-2015

Certain specified services exempted Notification No. 12/2015-Service tax-dated 30 04 2015