Electronic Payment of Service Tax Limit reduced to 1 lakh

The limit for Compulsory Online Payment of Service Tax has been reduced to 1 Lakh, applicable from Jan 1, 2014.

The Provision says, "where an assessee has paid a total service tax of rupees '1 Lakh' or more including the amount paid by utilization of CENVAT credit, in the preceding financial year, he shall deposit the service tax liable to be  paid by him electronically, through internet banking".

Earlier this limit is 10 Lakhs.

This amendment will be applicable for May 2014 CA IPCC and CA Final Examinations

View the Official Notification below:
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GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE) 

Notification No 16 /2013-Service Tax

New Delhi, the  22nd November, 2013

   1 Agrahayana, 1935 Saka

           

G.S.R           (E).-In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 ( 32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994,  namely:-

1.        (1) These rules may be called the Service Tax  Third ( Amendment) Rules, 2013.

           (2)  They shall come into force on the 1^st day of January, 2014.

2.      In the Service Tax Rules, 1994,  in rule 6,  in sub-rule (2),  in the proviso,  for the words “ rupees ten lakh” , the words   “ rupees one lakh”   shall be substituted.

F.No: 137/116/2012- Service Tax

(Rajeev Yadav)

Director

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CA CPT, CA Final Nov /December 2013 Results date

CA CPT December 2013 exams will be held in the second week of December.

CA Final Exams will commence on 5th November, 2013.

The exam results of the CA CPT, CA Final November / December 2013 exams are likely to be declared on 15th of January, 2014.

Students can check their results on the following website: www.caresults.nic.in

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CA Final Exam - Preparation tips, Important Questions

Important Tips for CA Student can be downloaded by clicking the link below:

Download CA Final Tips, Imp topics

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CA Final Nov 2016 || Direct Tax (DT) || Amendments, Syllabus

ICAI has released new Study Material for CA Final Direct Taxes, applicable from Nov 2015 Exams. The amendments made by the Finance Act are incorporated in the new study material and the compilation of such amendments and relevant notifications can be viewed from the file below

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CA Final - IDT Revised Syllabus, Study Material from May 2014

Students appearing in May, 2014 examination may note that the Study Material of Paper 8: Indirect Tax Laws relevant for November, 2014 examination (prepared in accordance with the revised syllabus) is also relevant for May, 2014 examination subject to the modifications set out below. 

Students, appearing in May, 2014 examination, are advised to prepare for their examination from the Revised Study Material in the following manner:

(i)   Ignore Chapter 16 - Foreign Trade Policy in Section C: Customs and Foreign Trade Policy of the Study Material [as it is included only in the revised syllabus]; and

(ii)   Refer to Chapters 1 - 8 relating to VAT and Inter-relationship of accounting with excise, customs and service tax grouped together under the Appendix given at the end of the Study Material [as these Chapters are included in the old syllabus but do not form part of the revised syllabus]. The Appendix is, however, not relevant for students appearing in November, 2014 examination under the revised syllabus.

The Study Material based on the Revised Syllabus of Paper 8: Indirect Tax Laws of Final Course is now available on the BoS Knowledge Portal at the Institute’s website. The Revised Study Material can be accessed from http://www.icai.org/post.html?post_id=5777.

The law stated in the Study Material is updated with the amendments made vide the Finance Act, 2013 and notifications/circulars issued till April 30, 2013.

The revised Study Material will be available at the sales counters of the Institute shortly.

Director, 

Board of Studies

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IPCC, Final Toppers, Rankers Marks-Sheet - Nov 2013 Exams

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CA IPCC, Final Tax Amendments May 2014

These files contain various Amendments in Taxation, Service Tax and VAT applicable for CA IPCC and Final Students released by ICAI:

Download For IPCC

Download for CA Final:

Direct Taxes: DT

Indirect Taxes: IDT

   

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Last date, Due date to apply for IPCC Exam With Late Fee and Without Late Fee

The following table explains various due dates to apply for CA IPCC and Final Exam With Late Fee/Penalty and Without Late Fee. It also contains important due dates to apply for exam online, Send the physical / Hardcopy applicatoin form to Delhi address.

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Production capacity based levy - Central Excise

Central Excise Act - Production capacity based levy [Section 3A]:

• ·         This is a new provision introduced through Finance Act, 2008 w.e.f 10.05.2008.
• ·         Applicable to certain goods notified by the central Government.

         Eg. Following goods manufactured with the aid of the packing machines and packed in pouches.

             -Unmanufactured tobacco brand.

             -Chewing Tobacco

• ·         Duty is payable on the basis of annual production capacity.
• ·         Duty payable shall be notified by the Central Government.
• ·         Duty is payable on a fixed monthly basis, whether produced/ removed or not.
• ·         Annual production capacity shall be determined by the Assistant/ Deputy commissioner.
• ·         Not applicable to goods manufactured on EOU.
• ·         The new provision is mandatory and not optional.
• ·         If the factory remains closed for a continuous period of 15 days or more, duty calculated shall be proportionately reduced.

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Procedure to fill IPCC Final online Exam form Nov'13

ICAI: Procedure to fill online Exam form - IPCC Final -

go through the below stated explanation to make it easy, filling the CA IPCC and Final exam form online for Nov 2013

Step.1: 

Go to the following url:  

 http://icaiexam.icai.org/login.php

Step.2::

Step.3:

In the new page, you need enter certain details in order to continue with registration.

-Please enter valid E-mail address and Mobile Number, because, your ID and Password will be sent to through e-mail and also to your mobile.

_________

Step.4:

________

Step.5: 

Click on 'click Here' button. You will be redirected to the login page. Check your mail Inbox, for your login credentials (ID and Password).

________

  

 Step.6: 

Enter the details, Select the examination, enter ID and Password and click on 'Login'.

______

Step.7: 

After clicking on the Login button, Application, which is to be filled, will open.

______

Step.8:

After entering all the details, click on the 'Save Changes button' at the bottom of the application. Then, a window appears, asking you if you wish to proceed with the payment of exam fee.

________

Step.9:

 If you are ready for the payment, you can click on 'Ok'.

Then you will get a confirmation message like this. Click on 'Confirm'

_______

Step.10: 

Then a payment page will appear like this:

______

Only Visa, Master Card and Maestro can be used for Payment. As of now, there is no option of Net Banking.

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Ca Final Compilation - Suggested Answers

CA Final Compiled Suggested Answers - All at one place

Download Group I Compiled Suggested Answers Paper 1 - Financial Reporting Paper 2 : Strategic Financial Management Paper 3 - Advanced Auditing and Professional Ethics Paper 4 - Corporate annd Allied Laws Download Group II Compiled Suggested Answers Paper 5 - Advanced Management Accounting Paper 6 - Information Systems Control and Audit Paper 7 - Direct Tax Laws Paper 8 - Indirect Tax Laws Laws

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CA Final Nov 2013 Exams timetable

CA Final Nov 2013 Exams timetable

No. 13-CA (EXAM)/N/2013: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre.

Similarly, Examinations in Post Qualification Courses under Regulations 204, viz.: Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM), and International Trade Laws and World Trade Organisation (ITL & WTO) examinations (which are open to the members of the Institute) will be held on the dates given below at the above places (centres in India only) provided that sufficient number of candidates offer themselves to appear from each of the above places.

INTERMEDIATE (IPC) EXAMINATION

Group-I: 6th, 8th, 10th & 12th November 2013

Group-II: 15th, 18th & 20th November 2013

FINAL EXAMINATION 

Group -I: 5th, 7th, 9th & 11th November 2013

Group -II: 13th, 16th, 19th & 21st November 2013

Payment of fees for the examinations should be made by Demand Draft only. The Demand Drafts may be of any Scheduled Bank and should be drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at New Delhi only.

The Council reserves the right to withdraw any centre at any stage without assigning any reason. Applications for admission to these examinations are required to be made either online at http://icaiexam.icai.org free of cost (i.e. ` 500/- for Intermediate (IPC) & Final candidates for the cost of application form shall not be charged if applications are filled in online) or in the relevant prescribed form, copies of which may be obtained from the Additional Secretary (Examinations), The Institute of Chartered Accountants of India, ‘ICAI BHAWAN’, Indraprastha Marg, New Delhi – 110002 on payment of Rs.500/- per application form in respect of Intermediate (IPC) and Final Examination candidates.

The cost of Examination application forms for Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM), International Trade Laws and World Trade Organisation (ITL & WTO) examination is Rs.100/- per application form. The forms shall also be made available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 5th August, 2013.

Applications together with the prescribed fee by Demand Draft of any Scheduled Bank may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 26th August, 2013. However, applications will also be received at Delhi Office after 26th August, 2013 and upto 2nd September, 2013 with late fee of ` 500/-. Applications for the students’ examinations only duly filled in will also be received by hand delivery at the office of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Delhi, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune upto 2nd September, 2013. Candidates residing in these cities are advised to take advantage of this facility. Applications received after 2nd September, 2013 shall not be entertained under any circumstances.

However, application forms duly completed for the Post Qualification Course Examinations i.e. Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM), International Trade Laws and World Trade Organisation (ITL & WTO) will be received only at the New Delhi office of the Institute.

The candidates who apply online at http://icaiexam.icai.org from 5th August, 2013 to 26th August, 2013 and remit the fee online by using either VISA or MASTER Credit/ Debit Card shall not be charged ` 500/- in case of Intermediate (IPC) & Final examination (i.e. cost of application form fee). They shall however, be required to remit additional ` 500/- towards late fee in case the application online is made after 26th August 2013 and upto 2nd September, 2013.

The fees payable for the various examinations are as under:

Candidates of Intermediate (IPC) and Final examination opting for Dubai /Abu Dhabi / Muscat are required to remit, US$ 350 and US$ 400 respectively or their equivalent Indian Currency irrespective of whether a candidates appears in a group or in both the groups or in a unit .

Candidates of Intermediate (IPC) and Final Examinations opting for Examination Centre at Kathmandu are required to remit Indian Rs.2250/- and Indian Rs.3000/- respectively or their equivalent relevant foreign currency irrespective of whether the candidates appear in a group or in both the groups or in a unit.

OPTION TO ANSWER PAPERS IN HINDI:

Candidates of Intermediate (IPC) and Final Examinations will be allowed to opt for Hindi mediumv for answering papers. Detailed information will be found printed in the Information Sheets attached to the relevant application form. However the medium of Examinations will be only English in respect of Post Qualification Courses viz.: Management Accountancy Course (MAC) Part – I, Corporate Management Course (CMC) Part – I, Tax Management Course (TMC) Part – I, Insurance and Risk Management (IRM) Examination and International Trade Laws and World Trade Organisation (ITL & WTO) Examinations.

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CA Final SFM | Theory Notes | Tips |

Download below the Summary Notes for CA Final Strategic Financial Management (SFM) for quick revision:

Portfolio's Chapter Summary

Mergers and Acquisitions Notes

All Chapters Theory Notes for Exams

A Word About Strategic Financial Management:

Strategic Financial Management (SFM) is a blend of Strategic Management and Financial Management. It has acquired a critical significance now-a-days, due to recent surge in globalization and massive cross border flow of capital. SFM Theory Notes for CA Final

The Study of  this subject opens new opportunities for Chartered Accountancy Students. The Paper stress the importance of applying the knowledge and techniques of financial management to the planning, operating and monitoring the finance function in particular as well as organisation in general. Download SFM Theory Notes for CA Final

Further, SFM not only focuses on these aspects at the domestic level but also at the international level as well. CA Final SFM provides the concepts, theories and techniques related to Strategic Financial Management and aims to develop the students ability to understanding the different concepts and their application in the real life situations. SFM Theory Notes for CA Final

Tips to prepare CA Final SFM: SFM Theory Notes for CA Final

CA Final Students need to practice the practical problems thoroughly. Students are also advised to update themselves with the latest changes in the finance sector. For this, they may refer to academic updates in the monthly journal 'The Chartered Accountant' and the students 'Newsletter' published by the board of studies, financial newspapers, SEBI and Corporate Law Journal etc.

About ICAI SFM Study Material

 The Study Material is divided into thirteen chapters. Chapters has been organised in such  a way so as to provide a logical sequence to facilitate easy understanding. A helpful feature in the study material is the addition of a number of illustrations in each chapter to help students to have a better grasp of the subject. For a quick grasp of the subject during the examination days, a summary has also been inserted in the end of each chapter. SFM Theory Notes for CA Final

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CA Final, CPT exam toppers - Nov, Dec 2013 exams

CA Final, CA CPT exam toppers

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Best Reference book for CA Final IDT (Indirect Taxes)

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. N.S.Govindan

2. Yogendra Bangar

3. Md.Rafi

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Best Reference book for CA Final DT (Direct Taxes)

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. Vinod Gupta

2. Singhania

3. T.N.Manoharan

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Best Reference book for CA Final ISCA

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. Dinesh Madan

2. Manish Valecha

3. Padhuka

4. ICAI Study Material

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Best Reference book for CA Final AMA (Advanced Management Accounting)

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. Padhuka

2. Ravi.M.Kishore

3. Saxena & Vashist

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Best Reference book for CA Final Law (Corporate and Allied Laws)

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. Munish Bhandari

2. Jayaraman

3. Pahduka

4. ICAI Practice Manual

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Best Reference book for CA Final Auditing

The list has been prepared by taking into account a minimum of 100 votes from fellow students:

1. Surbhi Bhansal

2. Vinod Kumar Agarwal

3. Padhuka

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